Welsis Corp. Reports Zero Revenue and Increased Net Losses for Three and Nine Months Ended June 30, 2025

Welsis Corp. reported its financial results for the three and nine months ended June 30, 2025, revealing a significant decline in revenue and an increase in net losses compared to the same periods in the previous year. The company did not generate any revenue during the latest quarter or the nine-month period, a stark contrast to the $2,000 in revenue reported for the nine months ended June 30, 2024. The net loss for the three months ended June 30, 2025, was $8,718, a decrease from the $17,352 loss in the same quarter of 2024. However, for the nine months ended June 30, 2025, the net loss widened to $41,682, compared to a net income of $9,359 in the prior year, primarily due to the absence of the previous year's gain on debt forgiveness of $55,000.

The company's operating expenses decreased to $5,928 for the three months ended June 30, 2025, down from $15,688 in the same quarter of 2024. For the nine-month period, operating expenses were $34,679, a reduction from $43,979 in the previous year. This reduction in expenses was attributed to lower professional fees. Despite these cost-cutting measures, the overall financial performance was adversely affected by the lack of revenue generation and the absence of significant other income, which had previously contributed positively to the financial results.

Welsis Corp. has undergone significant organizational changes, including a change in majority ownership and management. In April 2024, Skywest Pinnacle Limited acquired approximately 73% of the company's shares, leading to the resignation of former CEO Dusan Zindovic and the appointment of Kwok Boon Kit as the new CEO. Additionally, the company has expanded its business focus to include the cryptocurrency and blockchain sector with the launch of TokenTraders.net, a crypto-exchange platform, in September 2024. This strategic pivot aims to diversify the company's offerings and tap into the growing digital currency market.

As of June 30, 2025, Welsis Corp. reported total current assets of $2,169, primarily consisting of prepaid expenses, while total current liabilities decreased to $68,494 from $71,696 as of September 30, 2024. The company continues to face a working capital deficiency of $66,325, although this is an improvement from the previous deficiency of $71,696. The total liabilities increased to $133,492, largely due to a rise in long-term convertible notes payable, which reached $64,998, up from $17,945 a year earlier. The company’s accumulated deficit also grew to $207,118, raising concerns about its ability to continue as a going concern.

Looking ahead, Welsis Corp. anticipates the need for additional capital to support its operations and growth initiatives. The management plans to raise funds through equity or debt securities, although there are no specific arrangements in place at this time. The company acknowledges that its ability to continue operations and implement its business plan is contingent upon successfully generating revenue and securing necessary funding. The financial statements reflect a cautious outlook, emphasizing the need for strategic execution and financial stability in the coming months.