SOLOWIN HOLDINGS Expects Revenue in the Range of $27 Million to $29 Million, Approximately 10x Year-over-Year Growth for the Fiscal Year Ended March 31, 2026 Based on Preliminary Unaudited Results

Rhea-AI Summary

SOLOWIN HOLDINGS (Nasdaq: AXG) reported preliminary unaudited results for fiscal year ended March 31, 2026, projecting revenue of $27M–$29M, roughly 10x year-over-year growth, and a net loss of $11M–$13M. Cash and equivalents rose to $14M–$16M.

Management cites expansion in tokenization, stablecoin infrastructure, and AI services; results remain subject to year-end close and audit with Form 20-F expected in July 2026.

Positive

• Revenue increased ~10x to $27M–$29M
• Cash and cash equivalents rose to $14M–$16M
• Financing proceeds of $18M–$20M supported liquidity
• Net cash from investing activities of $1M–$3M

Negative

• Net loss of $11M–$13M for fiscal 2026
• Net cash used in operations of $12M–$14M

News Market Reaction – AXG

+10.17% 1.6x vol

15 alerts

+10.17% Session close to close

+6.0% Peak in 23 hr 13 min

$738.81M Market Cap

1.6x Rel. Volume

In the Apr 22 session, AXG gained 10.17%, reflecting a significant positive market reaction. Argus tracked a peak move of +6.0% during that session. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +10.2% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +10.2% in the session following this news. A strong positive reaction aligns with the company’s report of nearly tenfold revenue growth to $27M–$29M while still posting a net loss of $11M–$13M. Past news has sometimes seen mixed follow-through, so investors may watch whether cash of $14M–$16M and operating cash use of $12M–$14M improve as growth from tokenization and AI services scales.

Key Figures

Revenue range: $27M–$29M Net loss range: $11M–$13M Cash and equivalents: $14M–$16M +3 more

6 metrics

Revenue range $27M–$29M Fiscal year ended March 31, 2026; nearly tenfold year-over-year increase

Net loss range $11M–$13M Fiscal year ended March 31, 2026; reflects continued investment

Cash and equivalents $14M–$16M Balance as of March 31, 2026

Net cash used in operations $12M–$14M Fiscal year ended March 31, 2026; driven by higher receivables

Net cash from investing $1M–$3M Fiscal year ended March 31, 2026; mainly from subsidiary acquisitions

Net cash from financing $18M–$20M Fiscal year ended March 31, 2026; mainly capital injections from investors

Historical Context

5 past events · Latest: Apr 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 10	Venture investment	Positive	-2.1%	AlloyX Ventures joined Libeara funding round to deepen RWA tokenization ties.
Feb 15	Stablecoin partnership	Positive	-2.5%	Strategic partnership with Bahrain FinTech Bay to advance regulated stablecoin uses.
Feb 11	Financing agreement	Positive	+1.5%	Up to US$100M Streeterville Capital financing to support global digital asset strategy.
Feb 06	Carbon blockchain pilot	Positive	-2.5%	Collaboration with Taobao Shangou and Bossen on blockchain-based carbon reduction model.
Feb 05	Regional expansion	Positive	+11.8%	Accelerated push into Korea and Japan for compliant digital asset services.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent strategically positive announcements have produced mixed reactions, with three instances of negative price moves and two aligned positive moves.

Recent Company History

Over the past few months, AXG has focused on expanding its digital asset ecosystem and geographic footprint. Key steps included an up to US$100M financing agreement with Streeterville, partnerships in carbon reduction and stablecoin innovation, and expansion into Korea and Japan. Market reactions were mixed: some growth and partnership updates saw negative moves, while the Korea/Japan expansion on Feb 05 drew a strong positive response.

Key Terms

stablecoin, asset tokenization, Form 20-F

3 terms

stablecoin technical

"The Company's ecosystem spans stablecoin issuance and payments, asset tokenization..."

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

asset tokenization technical

"Driven by the rapid expansion of its digital asset tokenization, stablecoin infrastructure..."

Asset tokenization is the process of converting ownership rights of a physical or financial asset into digital tokens on a blockchain or similar technology. This allows investors to buy, sell, or trade fractions of the asset more easily and quickly, much like dividing a property or artwork into smaller pieces that can be owned separately. It matters to investors because it can increase access, reduce costs, and improve liquidity for a wide range of assets.

Form 20-F regulatory

"We expect to file our audited financial results... in our Annual Report on Form 20-F..."

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HONG KONG, April 21, 2026 /PRNewswire/ -- SOLOWIN HOLDINGS (Nasdaq: AXG) ("SOLOWIN," the "Company," or "we"), a leading financial technology firm bridging traditional and digital assets, today announced certain preliminary, unaudited financial results for the fiscal year ended March 31, 2026. Driven by the rapid expansion of its digital asset tokenization, stablecoin infrastructure, and AI-powered services, the Company delivered exceptional top-line growth for the fiscal year ended March 31, 2026, as it advances its global framework compliance and institutional-grade service strategy.

The preliminary financial results described in this press release are unaudited and based on management's current estimates of our results for the fiscal year ended March 31, 2026. These figures are subject to the completion of our customary year-end financial closing procedures and audit by the Company's independent registered public accounting firm. No assurance can be given that final audited results will not differ materially from these preliminary estimates, and any such differences could be significant. We expect to file our audited financial results for the fiscal year ended March 31, 2026, with the U.S. Securities and Exchange Commission in our Annual Report on Form 20-F, which is expected to be filed in July 2026.

Overall Performance

Revenue increased nearly tenfold year over year to between $27 million and $29 million for the fiscal year ended March 31, 2026.

Net loss was in the range of $11 million to $13 million, reflecting continued investment in technology, compliance, and global business expansion.

Financial Condition

As of March 31, 2026, cash and cash equivalents increased to between $14 million and $16 million.

Net cash used in operating activities was in the range of $12 million to $14 million for the year ended March 31, 2026. The increase in receivables from customers was the primary driver of the cash used in operating activities during the current period.

Net cash provided by investing activities was in the range of $1 million to $3 million for the year ended March 31, 2026, mainly consisting of cash and bank balances arising from acquisition of subsidiaries, partly offset by purchases of short-term investments.

Net cash provided by financing activities increased to between $18 million and $20 million for the year ended March 31, 2026, mainly representing the proceeds from capital injections from investors.

Strategic Overview

Against a backdrop of accelerating institutional adoption, maturing global regulation, and deepening integration of AI and blockchain, SOLOWIN has further consolidated its position as a fully compliant, vertically integrated digital financial platform, with a clear dual-token strategy focused on Digital Asset Tokens and AI Tokens. The Company's ecosystem spans stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services.

Management Commentary

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. We are uniquely positioned at the convergence of three structural shifts reshaping our industry: the advancement of regulatory frameworks, the rapid adoption of tokenization, and the integration of AI with blockchain technologies."

"Guided by our mission 'Mobilizing Tokens 24/7,' we are building a secure, efficient, and fully regulated digital financial ecosystem. 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."

"We see ourselves as more than a technology company — we are a trusted bridge connecting traditional finance and the decentralized economy. As global regulatory frameworks continue to mature and institutional adoption accelerates, we remain steadfast in our commitment to compliance, transparency, and responsible innovation. Our goal is to deliver sustainable, long-term value for our clients, partners, and shareholders — and help to power the future of finance."

About SOLOWIN HOLDINGS

SOLOWIN HOLDINGS (NASDAQ: AXG) is a leading global regulated fintech company. Established in 2016, AXG combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform.

Guided by the mission "Mobilizing Tokens 24/7," the Company focuses on tokenization and operates two core business pillars: Digital Asset Tokens and AI Tokens. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router.

Through its integrated ecosystem, including AXCOIN, AXONE, FERION, SOLOMON, SCION, and KOVAR, AXG empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy.

For more information, visit the Company's website at https://www.alloyx.com or Investor Relations webpage at https://ir.alloyx.com. 

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The Company has attempted to identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC") including the "Risk Factors" section of the Company's most recent Annual Report on Form 20-F as well as in its other reports filed or furnished from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC, which are available for review at www.sec.gov.

For investor and media inquiries please contact:

SOLOWIN HOLDINGS
Investor Relations Department
Email: ir@solowin.io

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

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SOURCE SOLOWIN HOLDINGS

FAQ

What revenue did SOLOWIN (AXG) report for fiscal year ended March 31, 2026?

SOLOWIN reported preliminary revenue of $27M–$29M, roughly tenfold year-over-year. According to the company, this growth was driven by expansion in digital asset tokenization, stablecoin infrastructure, and AI-powered services during fiscal 2026.

What was SOLOWIN's (AXG) preliminary net loss for fiscal year ended March 31, 2026?

SOLOWIN reported a preliminary net loss of $11M–$13M for fiscal 2026. According to the company, losses reflect continued investments in technology, compliance, and global business expansion tied to its strategic growth initiatives.

How much cash did SOLOWIN (AXG) hold as of March 31, 2026 according to preliminary results?

SOLOWIN reported preliminary cash and cash equivalents of $14M–$16M as of March 31, 2026. According to the company, cash increased partly due to financing proceeds and capital injections from investors during the year.

What drove SOLOWIN's (AXG) operating cash usage in fiscal 2026?

SOLOWIN reported net cash used in operations of $12M–$14M for fiscal 2026. According to the company, increased receivables from customers were the primary driver of operating cash outflows during the period.

How did financing activity affect SOLOWIN's (AXG) 2026 cash position?

SOLOWIN reported net cash provided by financing activities of $18M–$20M in fiscal 2026. According to the company, this mainly represented proceeds from capital injections by investors that materially supported liquidity.

When will SOLOWIN (AXG) file audited fiscal 2026 results with the SEC?

SOLOWIN expects to file audited fiscal 2026 results on Form 20-F in July 2026. According to the company, the preliminary figures are unaudited and subject to year-end closing and independent audit procedures.