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Waton Financial Ltd

WTF Clue Score49
Hong Kong Fiscal year ends March CIK 0001987363
$2.58 -3.37% Close, 12 Oct 2026
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Price $2.58 −54.01% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 1 Apr 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2023Revenue5.7Operating income3.1Net income3.1EPS, diluted0.09Fiscal year 2024Revenue10.1 +75.2%Operating income2.9Net income2.5 −19.0%EPS, diluted0.04Fiscal year 2025Revenue7.4 −25.9%Operating income−10.7Net income−12.0 −579.4%EPS, diluted−0.29Fiscal year 2026Revenue11.1 +48.8%Operating income−14.5Net income−15.2EPS, diluted−0.31
FY2023FY2024FY2025FY2026
Revenue 5.7 10.1 7.4 11.1
Growth +75.2% −25.9% +48.8%
Operating income 3.1 2.9 −10.7 −14.5
Net income 3.1 2.5 −12.0 −15.2
Growth −19.0% −579.4%
EPS, diluted 0.09 0.04 −0.29 −0.31

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2023Operating margin53.4%Net margin53.7%Free cash flow margin208.5%Fiscal year 2024Operating margin29.3%Net margin24.8%Free cash flow margin−21.0%Fiscal year 2025Operating margin−143.0%Net margin−160.7%Free cash flow margin4.6%Fiscal year 2026Operating margin−131.1%Net margin−136.7%Free cash flow margin−66.6%
FY2023FY2024FY2025FY2026
Operating margin 53.4% 29.3% −143.0% −131.1%
Net margin 53.7% 24.8% −160.7% −136.7%
Free cash flow margin 208.5% −21.0% 4.6% −66.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2023Operating cash flow12.0Capital expenditure−0.0Free cash flow12.0Buybacks0.0Fiscal year 2024Operating cash flow−1.8Capital expenditure−0.3Free cash flow−2.1 −117.6%Buybacks−6.0Fiscal year 2025Operating cash flow0.4Capital expenditure−0.0Free cash flow0.3Buybacks0.0Fiscal year 2026Operating cash flow−7.1Capital expenditure−0.3Free cash flow−7.4 −2,232.7%Buybacks0.0
FY2023FY2024FY2025FY2026
Operating cash flow 12.0 −1.8 0.4 −7.1
Capital expenditure −0.0 −0.3 −0.0 −0.3
Free cash flow 12.0 −2.1 0.3 −7.4
Growth −117.6% −2,232.7%
Buybacks 0.0 −6.0 0.0 0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securities
Fiscal year 2023Cash and securities19.1Shareholders’ equity14.2Fiscal year 2024Cash and securities8.4Shareholders’ equity10.7Fiscal year 2025Cash and securities10.6Shareholders’ equity12.8Fiscal year 2026Cash and securities10.4Shareholders’ equity21.7
FY2023FY2024FY2025FY2026
Cash and securities 19.1 8.4 10.6 10.4
Shareholders’ equity 14.2 10.7 12.8 21.7

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Margins
53.4% 29.3% −143.0% −131.1%
66.1% 29.2% −158.6% −136.7%
53.7% 24.8% −160.7% −136.7%
208.5% −21.0% 4.6% −66.6%
Spending
0.0% 0.0% 5.7% 6.6%
0.1% 2.6% 0.2% 2.9%
18.8% 15.0% n/a n/a
Returns
21.8% 23.2% −93.7% −69.7%
n/a 7.6% −39.0% −27.7%
Balance and payout
n/a 67.1% 58.4% 60.3%
0.0% n/a 0.0% n/a