DPU Nexpu Ltd.

Overview and Growth

Fiscal 2025 results for Nexpu Ltd. combined $8.04M of revenue with net loss of $24.02M and an operating cash outflow of $1.30M. Revenue of $8.04M sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 114.3% from $3.75M in fiscal 2024, increasing the company’s operating scale. On a per-share basis, diluted EPS was -$26.92, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 892.31K, linking total earnings with the per-share result received by shareholders. Diluted shares moved 325.3% from 209.82K in fiscal 2024, leaving the current share base higher year over year. The company employed $33.32M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.24x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $700.38K of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 8.7% of revenue, showing how much of the top line remained after direct costs. Operations produced a $24.24M operating loss before non-operating and tax effects. An operating margin of -301.6% reflected costs exceeding revenue-level gross profit by 301.6% of sales. After all below-operating-line items, the company recorded a net loss of $24.02M for the fiscal year. Measured against revenue, the bottom-line deficit represented 298.8% after all recognized items. EBITDA was negative $24.16M, showing a deficit before interest, taxes, depreciation, and amortization. The loss-to-equity relationship was 79.2%, placing the bottom-line deficit against shareholder capital. Relative to total assets, the net loss represented 72.1%. The net loss widened to $24.02M from $8.68M in fiscal 2024.

Liquidity and Capital Structure

Total assets were $33.32M, supported by $2.99M of liabilities and $30.33M of shareholder equity. At period end, current assets of $33.24M compared with current liabilities of $2.99M, defining the company’s short-term resource position. Current assets covered current liabilities by 11.11x, leaving a positive buffer for near-term obligations. Reported cash and equivalents were $13.09M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 437.2% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Book equity represented 91.0% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 9.0%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 39.3% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 19.9% lower than fiscal 2024 assets of $41.58M, measuring the company’s own balance-sheet change. Reported equity changed 15.0% from $35.70M in fiscal 2024, placing the current capital base lower year over year. The reported cash balance changed 365.0% from $2.81M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities used $1.30M of cash, resulting in an operating cash outflow for the year. The company spent $10.05K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Negative free cash flow was $1.31M, leaving a cash deficit after capital spending and reducing financial flexibility. Free-cash-flow margin was -16.2%, reflecting a cash deficit equal to 16.2% of revenue after capital spending. The cash deficit after capital spending represented 3.9% of the period-end asset base. Cash absorbed by operations decreased from $39.38M in fiscal 2024 to $1.30M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.