📰 What This Document Is 📅

This is an informational press release (Form 6-K) issued by Solowin Holdings, Ltd. on April 21, 2026. This filing serves to announce preliminary, unaudited financial results for the fiscal year that ended on March 31, 2026.

👉 Why it matters: Because the numbers are preliminary and unaudited, investors should treat these figures as management's estimates. The final, official audited numbers will only be released later (expected in Form 20-F in July 2026).

🏢 What The Company Does 💡

Solowin Holdings (AXG) is a global regulated financial technology firm. Since its establishment in 2016, the company has built a fully compliant digital economy super platform that uses both blockchain and Artificial Intelligence (AI) technologies.

👉 In simple terms: AXG operates a "bridge" that connects traditional financial systems (like banks and securities) with the decentralized digital economy. It does this by focusing on a "dual-token strategy"—Digital Asset Tokens and AI Tokens.

• Core Business Pillars: The company's offerings are diverse, including stablecoin issuance and payments, asset tokenization, securities trading and asset management, and AI-powered services.
• Ecosystem: Their integrated platform utilizes several named assets and services, including AXCOIN, AXONE, FERION, SOLOMON, SCION, and KOVAR, helping global institutions and investors navigate the dual-token economy.
• Mission: Solowin’s stated mission is "Mobilizing Tokens 24/7," emphasizing continuous, global digital financial services.

📈 Financial Performance Highlights 📊

The company reported exceptionally high top-line growth for the fiscal year ended March 31, 2026. While revenue soared, the net loss indicates significant, continued investment in building out their infrastructure.

• Overall Revenue: Revenue is expected to be in the range of $27 million to $29 million for the fiscal year ended March 31, 2026. This represents nearly a tenfold increase year-over-year.
  • Why it matters: Tenfold growth signals massive, rapid market adoption and successful scaling of their digital services, validating their strategy.
• Net Loss: The projected net loss is estimated to be between $11 million and $13 million.
  • Why it matters: This expense reflects the aggressive "investment in technology, compliance, and global business expansion" necessary to operate a complex, regulated fintech platform.

💵 Cash and Liquidity Status 💰

The financial report details the company's cash position and how it managed its money across different activities (operations, investments, financing).

• Cash and Cash Equivalents: As of March 31, 2026, the company expects its cash reserves to have increased to between $14 million and $16 million.
  • Why it matters: A growing cash balance suggests the company has the capital reserves needed to fund its ongoing expansion and compliance efforts.
• Cash Used in Operations: Net cash used in operating activities was estimated to be in the range of $12 million to $14 million for the year.
  • Why it matters: The filing notes that the main driver of this cash usage was an "increase in receivables from customers," meaning they made sales but haven't yet collected all the corresponding cash.
• Cash Provided by Investing: Net cash provided by investing activities was in the range of $1 million to $3 million. This cash came mainly from acquiring subsidiaries, which was slightly offset by purchases of short-term investments.
• Cash Provided by Financing: Net cash provided by financing activities is projected to increase significantly, reaching between $18 million and $20 million. This primarily resulted from "proceeds from capital injections from investors."
  • Why it matters: The robust cash flow from financing suggests the company is successfully raising capital from outside investors to fuel its growth.

🚀 Strategic Positioning and Growth Drivers 🛡️

Solowin views itself as a key player at the intersection of several major global trends. Its strategy revolves around building a regulated, compliant, and comprehensive digital infrastructure.

• Strategic Focus: The company is building a "fully compliant, vertically integrated digital financial platform." Its strategy centers on two core areas: Digital Asset Tokens and AI Tokens.
• Global Integration: Its ecosystem includes capabilities for stablecoin issuance and payments, asset tokenization, securities trading and asset management, and specialized AI-powered services.
• Market Context: Solowin's growth is positioned against "accelerating institutional adoption, maturing global regulation, and deepening integration of AI and blockchain."
  • Why it matters: This suggests the company isn't just tracking market trends; it is building a compliant structure specifically designed to handle the increasing complexity of the institutional financial world.

📣 CEO Management Commentary 🎤

The management provided a highly optimistic assessment of the company's trajectory, emphasizing its market timing and unique position.

• CEO Statement: Mr. Lok Ling Ngai, Chief Executive Officer and Chairman of SOLOWIN, stated: "Fiscal 2026 marks a transformative year for SOLOWIN. Achieving tenfold revenue growth represents more than a financial milestone, it validates the strength of our dual-token strategy and underscores the accelerating global demand for compliant, institutional-grade digital asset infrastructure.”
  • Implication: The CEO is directly tying the massive revenue growth (tenfold) not just to market demand, but to the proven strength of their specific "dual-token strategy."
• Operational Commitment: Mr. Ngai further stated, "Over the past year, we have significantly strengthened and expanded our stablecoin and payment infrastructure, scaled our asset tokenization capabilities, and enhanced our AI-powered services. Together, these efforts reinforce and deepen our licensed platform advantages across Hong Kong, Bahrain, and other key global markets.”
  • Implication: This highlights that the company’s physical and legal licenses in key global markets (Hong Kong, Bahrain) are integral parts of their value proposition, adding a layer of regulatory protection and trust.

📅 What's Next and Filing Timelines 🗓️

The filing sets clear expectations for when investors can expect the full, audited results and deeper information about the company's health.

• Audited Financial Results: Solowin expects to file its audited financial results for the fiscal year ended March 31, 2026, with the U.S. Securities and Exchange Commission in its Annual Report on Form 20-F.
• Expected Filing Date: This Form 20-F is expected to be filed in July 2026.
  • Why it matters: This gives investors a clear timeline for when they will receive the final, verified numbers, which are necessary for accurate valuation.

📞 Investor Relations Contacts 📧

For interested parties seeking more information, the filing provided specific contacts for two separate departments, ensuring investors can reach both the company and its investor relations partner.

• Company Contact (Solowin Holdings):
  • Email: [email protected]
• Ascent Investor Relations LLC (Ascent):
  • Tina Xiao
  • Phone: +1-646-932-7242
  • Email: [email protected]

🧠 The Analogy

Solowin is like building a futuristic, super-compliant financial skyscraper. Traditional finance was the ground floor, but the new economy requires modern services (like AI and digital tokens). Instead of just selling bricks, Solowin is selling the entire fully regulated, operational structure—the plumbing, the smart elevator system, and the security—which is why its growth is so fast and why its cash reserves are increasing.

🧩 Final Takeaway

Solowin achieved massive revenue growth by positioning itself as a fully compliant, vertically integrated digital bridge between traditional and decentralized finance. While growth is exceptional, investors should wait until the July 2026 filing for the final audited results before making investment decisions.