WeCap (WCAP) H2 2024 earnings summary

Executive summary

• Reported a net loss of £781,069 for the year ended 30 April 2025, an improvement from a £863,682 loss the previous year.

• No revenue was generated during the period; administrative expenses decreased to £267,973.

• Focused on holdings in WeShop Holdings Limited, which is progressing toward a Nasdaq listing.

• Board changes included the appointment of a new Non-Executive Chairman and two director resignations.

Financial highlights

• Net loss for the year was £781,069, compared to £863,682 in the prior year.

• Administrative expenses fell to £267,973 from £301,755 year-over-year.

• Finance costs increased to £491,664 from £448,100.

• Cash reserves at year-end were £58,111, up from £49,035.

• Raised gross proceeds of £172,000 during the period.

Outlook and guidance

• Anticipates growth potential from WeShop’s expected Nasdaq listing, which could enhance visibility and investor access.

• Focus remains on innovative business models and expanding shoppable social networks.