<span item_type="fundamental" item_id="164fec391a132b9c9af62c629502a712" counter_id="ST/US/NCPLW" env="prod"></span><span item_type="announcement" item_id="548736141136698241" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 869.46 K.</p><p>EPS: As of FY2025, the actual value is USD -20.39.</p><p>EBIT: As of FY2025, the actual value is USD -8.321 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Consulting services: $0 for the year ended April 30, 2025, compared to $3,633,900 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li><li>Fees from online services: $869,460 for the year ended April 30, 2025, compared to $1,317,535 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Net loss: - $28,301,325 for the year ended April 30, 2025, compared to - $4,986,317 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li><li>Gross profit: $829,116 for the year ended April 30, 2025, compared to $4,843,375 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li><li>Operating loss: - $8,321,317 for the year ended April 30, 2025, compared to - $3,442,388 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li><li>Consulting expense: $314,947 for the year ended April 30, 2025, compared to $610,209 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li><li>Marketing expense: $37,699 for the year ended April 30, 2025, compared to $333,771 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li><li>Rent expense: $79,568 for the year ended April 30, 2025, compared to $76,117 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li><li>Payroll and payroll related expenses: $3,502,166 for the year ended April 30, 2025, compared to $3,838,640 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li><li>General and administrative expenses: $5,216,053 for the year ended April 30, 2025, compared to $3,427,026 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash used in operating activities: - $5,339,211 for the year ended April 30, 2025, compared to - $4,879,838 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li><li>Net cash provided by financing activities: $4,765,457 for the year ended April 30, 2025, compared to $5,193,579 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Unrealized gain (loss) on equity securities: $18,050 gain for the year ended April 30, 2025, compared to - $2,696,135 loss for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li><li>Impairment expense: - $19,915,556 for the year ended April 30, 2025, compared to - $1,048,430 for the year ended April 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The Company plans to raise money from private placements, public offerings, and/or bank financing, and was able to complete two registered direct offerings in July 2025 for aggregate gross proceeds of $8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li><li>The Company’s management has determined, based on its recent history and the negative cash flow from operations, that it is unlikely that its plan will sufficiently alleviate or mitigate, to a sufficient level, the relevant conditions or events noted above.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li><li>The Company plans to raise money from private placements, public offerings, and/or bank financing, and was able to complete two registered direct offerings in July 2025 for aggregate gross proceeds of $8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1414767/000164117225023248/form10-k.htm"></span></li></ul>

NETCAPITAL INC C/WTS 12/07/2027 (TO PUR COM) | 10-K: FY2025 Revenue: USD 869.46 K