WCT Wellchange Holdings Co Ltd

Overview and Growth

In fiscal 2025, Wellchange Holdings Co Ltd recorded $1.35M of revenue, net loss of $7.32M, and an operating cash outflow of $6.32M. At $1.35M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 41.6% below fiscal 2024 revenue of $2.31M, marking a top-line contraction. On a per-share basis, diluted EPS was -$4.73, which connects the reported earnings outcome with the company’s diluted share count. Diluted shares averaged 1.55M; this is the reported share base over which the company’s diluted per-share earnings were spread. At period end, total assets were $13.62M, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 0.1x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $575.11K, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 42.7% of revenue, showing how much of the top line remained after direct costs. The company recorded an operating loss of $6.32M after the reported operating expense base. The operating loss equaled 469.1% of revenue, showing the scale of the operating deficit relative to sales. The company ended the period with a net loss of $7.32M, extending the operating result through all remaining items. The net loss equaled 543.2% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported negative EBITDA of $6.28M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The pretax result was a loss of $6.36M, establishing the deficit before tax effects. The pretax loss equaled 471.6% of revenue, measuring the pre-tax deficit against sales. Income tax expense totaled $965.88K, providing the reported tax component that separates pretax and after-tax earnings. The loss-to-equity relationship was 65.7%, placing the bottom-line deficit against shareholder capital. The net loss equaled 53.8% of period-end assets, showing the deficit relative to the asset base. The bottom-line deficit increased from $431.54K in fiscal 2024 to $7.32M.

Liquidity and Capital Structure

The company held $13.62M of assets against $2.47M of liabilities and $11.15M of equity, revealing how the asset base was financed. At period end, current assets of $5.76M compared with current liabilities of $1.26M, defining the company’s short-term resource position. Current assets covered current liabilities by 4.59x, leaving a positive buffer for near-term obligations. Reported cash and equivalents were $2.81M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 223.4%, excluding receivables and other current assets. Borrowings totaled $831.89K, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 0.07x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 6.1%, showing how much of the asset base was matched by borrowing. Book equity represented 81.9% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 18.1%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 20.6%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 103.4% higher than fiscal 2024 assets of $6.70M, measuring the company’s own balance-sheet change. Book equity was 127.0% higher than fiscal 2024 equity of $4.91M, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $6.32M, rather than cash generation from operations. Compared with a $316.13K operating cash outflow in fiscal 2024, the current outflow increased to $6.32M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.