Waton Financial Ltd (WTF) Form 20-F — Jul 30, 2026
Waton Financial reported revenue of approximately $11.1 million for the fiscal year ended March 31, 2026, an increase of 48.8% from the prior year. However, the company's net loss widened to approximately $15.2 million from $12.0 million in fiscal 2025, compared to net income of $2.5 million in fiscal 2024. The company faces significant operational challenges following the loss of its largest customer, WGI, which accounted for 64.2% of revenue in fiscal 2025. Although a new New Zealand-based customer has emerged, Waton recorded a credit loss provision of approximately $1.1 million related to outstanding receivables from WGI, highlighting risks associated with customer concentration.
Key figures
- Revenue
- approximately US$11.1 million
- Net Income
- approximately US$-15.2 million
- Revenue Yoy
- 48.8%
- Shares Outstanding
- 48237472
- Net Loss fy2025
- approximately US$12.0 million
- Revenue fy2025
- approximately US$7.4 million
- Net Income fy2024
- approximately US$2.5 million
- Credit loss provision
- approximately US$1.1 million
- Top5 customer concentration fy2026
- 58.3%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.