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Netcapital Inc.

For the period ended Apr 30, 2025. Filed Aug 12, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Aug 12, 2025

NCPL$1.82+44.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

NETCAPITAL INC.
Date: August 12, 2025By:/s/ Martin Kay
Martin Kay
Chief Executive Officer and Director
(Principal Executive Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

NameTitleDate
/s/ Martin KayChief Executive Officer and DirectorAugust 12, 2025
Martin Kay(Principal Executive Officer)
/s/ Coreen KrayslerChief Financial Officer,August 12, 2025
Coreen Kraysler(Principal Accounting and Financial Officer)
/s/ Avi LissDirectorAugust 12, 2025
Avi Liss
/s/ Cecilia LenkDirectorAugust 12, 2025
Cecilia Lenk
/s/ Arnold ScottDirectorAugust 12, 2025
Arnold Scott
/s/ Steven GearyDirectorAugust 12, 2025
Steven Geary

-57-

NETCAPITAL INC.

YEARS ENDED APRIL 30, 2025 AND 2024

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

CONTENTS

Page
Consolidated Financial Statements
Report of Independent Registered Public Accounting FirmF-2
Consolidated Balance SheetsF-3
Consolidated Statements of OperationsF-4
Consolidated Statements of Changes in Stockholders’ EquityF-5
Consolidated Statements of Cash FlowsF-6
Notes to Consolidated Financial StatementsF-7 – F-28
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.