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AXG · CIK 0001959224

Solowin Holdings, Ltd.

Annual figures as reported, FY2021–FY2026. Ratios and growth rates derived on-page.

AXG logo
Security Brokers, Dealers & Flotation Companies
Company profile
Nasdaq · AXGHQ KowloonIncorporated in E9Fiscal year ends Mar 31Non-accelerated filer Emerging growth company
Revenue
$28.0M
▲ +895.0% vs FY2025
Net income
−$13.3M
▼ −55.6% vs FY2025
Free cash flow
−$15.5M
▼ −1255.5% vs FY2025
Diluted EPS
−$0.11
▲ +79.2% vs FY2025

Revenue

Annual, as reported

010M20M’22’23’24’25’26$28.0M

Net income

Losses shown in terracotta

−10M−5M0’22’23’24’25’26−$13.3M

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

-300%-200%-100%0%’22’23’24’25’26
Operating marginNet margin

Returns on capital

Net income vs year-end equity and assets

-100%0%’22’23’24’25’26
Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

−15M−10M−5M0’22’23’24’25’26−$15.5M

Operating cash flow

Net cash from operations

−15M−10M−5M0’22’23’24’25’26−$15.3M

Shareholder returns

capital allocation

Diluted shares outstanding

Falling count means buybacks outpace dilution

050M100M’22’23’24’25’26125M

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

010M20M’21’22’23’24’25’26$25.2M

Growth rates

compounding, annualized

Income statement

CAGR over 3, 5 and 10 years

0%+20%+40%+60%+80%Revenue CAGR3Y+84.7%

Key ratios

derived per fiscal year
Fiscal yearOp. marginNet marginFCF marginROEROACurrent ratio
FY2026—−47.4%−55.3%−52.8%−26.2%1.55×
FY2025—−302.9%−40.6%−180.5%−69.4%1.29×
FY20240.1%−106.2%−134.0%−51.1%−29.6%2.12×
FY20231.4%30.3%−10.1%40.4%13.2%1.43×
FY20226.0%−30.1%−176.8%−48.9%−10.3%—
FY2021——————

Annual figures

as reported
Fiscal yearRevenueGross profitOp. incomeNet incomeDiluted EPSOp. cash flowCapexTotal assetsLiabilitiesEquityCashLT debt
FY2026$28.0M——−$13.3M−$0.11−$15.3M$186K$50.7M$25.6M$25.2M$19.0M—
FY2025$2.8M——−$8.5M−$0.53−$1.1M$88K$12.3M$7.6M$4.7M$8.9M—
FY2024$4.3M—$3K−$4.6M−$0.33−$5.6M$141K$15.4M$6.5M$8.9M$7.3M—
FY2023$4.5M—$61K$1.3M$0.11−$443K$8K$10.2M$6.9M$3.3M$7.5M—
FY2022$3.3M—$196K−$979K−$0.09−$5.7M$17K$9.5M$7.5M$2.0M$8.1M—
FY2021—————————$1.5M$12.2M—

Latest filings

the most recent regulatory filings
20-FANNUAL REPORT2026-08-03 ↗NT 20-FNOTIFICATION OF LATE FILING2026-08-03 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-06-02 ↗424B5PROSPECTUS SUPPLEMENT2026-06-02 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-04-21 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-04-10 ↗3OWNERSHIP DOCUMENT2026-03-18 ↗3Insider ownership filing2026-03-18 ↗3Insider ownership filing2026-03-18 ↗3Insider ownership filing2026-03-18 ↗

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