WeShop FY26 H1 net loss widens 28% to £5.16 million; revenue drops 81% to £54,359
WSHP•Financial results
- WeShop posted a net loss of £5.16 million, widening 28% from the prior-year period.
- Net revenues fell 81% to £54,359, reflecting reduced emphasis on UK commercial activity ahead of a planned US expansion.
- Operating loss widened 40% to £4.95 million; general and administrative costs rose 48% to £3.27 million.
- Sales and marketing expense climbed to £243,253 from £2,750, while research and development spending increased 47% to £402,675.
Leadership and liquidity
- Maria Weaver was appointed CEO on June 15.
- Cash and cash equivalents rose to £210,565 following £4.4 million incentive-award exercises.
