Netcapital Inc. Q1 FY2026 earnings call

• Revenue and portal fee growth of over 30% highlighted solid core business performance.
• Strategic shift away from equity-based consulting revenue to build a stronger, scalable business.
• Established a crypto advisory board to guide integration of blockchain, digital assets, and crypto with traditional finance.
• Launched a game advisory board to advance strategic growth and engage with the online game community.
• Focus on enhancing services through blockchain, crypto, and digital asset innovation to lead in private market opportunities.

For the three months ended July 31, 2025, Netcapital reported revenues of $190,058, which was a 34% increase compared to $142,227 in the same period of 2024. The increase was primarily due to higher portal fees and revenues from services in exchange for equity securities, with one issuer accounting for 73% of revenues during this period. The operating loss was approximately $3.3 million compared to $2.5 million in the first quarter of fiscal 2025. The loss per share was $1.27 versus $5.10 in the prior year. As of July 31, 2025, the company had cash and cash equivalents of approximately $4.6 million.

Q: Please hold while we poll for questions.

A: Q: Once again, everyone, if you have any questions or comments, please press star then one on your phone. Please hold while we poll for questions.

A: Q: That concludes our Q&A session.

A: