Security
New Century Logistics (BVI) Limited Ordinary Shares · NCEW
NCEWNASDAQCommon stockCurrentCIK 1968043Updated Oct 6, 2026
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q2 2025 | Q2 2024 | FY 2025 | FY 2024 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 13,945,951Source | — | 14,528,979Source | 18,452,852Source |
| Property, Plant and Equipment, NetUSD | 6,432Source | — | 51,428Source | 33,322Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 288,545Source | — | 645,912Source | 659,320Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 9,998,694Source | — | 11,765,180Source | 13,237,577Source |
| Assets, CurrentUSD | 13,098,576Source | — | 13,191,968Source | 17,082,701Source |
| Operating Lease, Right-of-Use AssetUSD | 530,590Source | — | 458,640Source | 1,009,259Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 6,204,023Source | — | 9,296,500Source | 12,243,880Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | — | — | 9,907,876Source | 153,647Source |
| Retained Earnings (Accumulated Deficit)USD | 4,189,051Source | — | -4,618,233Source | 6,055,325Source |
| Stockholders' Equity Attributable to ParentUSD | 7,741,928Source | 6,515,611Source | 5,289,643Source | 6,208,972Source |
| Additional Paid in Capital, Common StockUSD | 3,552,876Source | — | — | 153,647Source |
| Liabilities and EquityUSD | 13,945,951Source | — | 14,528,979Source | 18,452,852Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,779,638Source | — | 8,980,254Source | 11,723,767Source |
| Operating Lease, Liability, CurrentUSD | 195,242Source | — | 215,575Source | 594,589Source |
| Accounts Payable, CurrentUSD | 4,015,675Source | — | 5,278,790Source | 6,546,974Source |
| Operating Lease, Liability, NoncurrentUSD | 315,083Source | — | 223,182Source | 394,392Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | — | -57,164Source | — |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | 11,765,180Source | 13,237,577Source |
| Accrued Liabilities, CurrentUSD | 75,216Source | — | 375,001Source | 165,577Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -10,730,722Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in Accounts ReceivableUSD | -1,307,899Source | 2,019,612Source |
| Increase (Decrease) in Accounts PayableUSD | -1,268,184Source | 2,626,443Source |
| Deferred Income Tax Expense (Benefit)USD | -20,591Source | -54,206Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -3,415,141Source | 1,434,532Source |
| Cash flows from investing activities: | ||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -54,487Source | 218,109Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 54,487Source | — |
| Cash flows from financing activities: | ||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 3,776,733Source | -1,284,637Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 307,105Source | 368,004Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 58,263Source | 98,026Source |
| Income Taxes Paid, NetUSD | -28,648Source | -138,745Source |
| Additional Financial Items | ||
| Share-based Payment Arrangement, ExpenseUSD | 6,355,000Source | — |
| DepreciationUSD | 36,381Source | 179,103Source |
| Depreciation, NonproductionUSD | 36,381Source | — |
| Equipment ExpenseUSD | 129,694Source | 71,365Source |
| Gain (Loss) on Termination of LeaseUSD | — | 12,832Source |
| General and Administrative ExpenseUSD | 11,001,406Source | 3,773,606Source |
| Income Tax Expense (Benefit)USD | -20,591Source | 174,196Source |
| InterestExpenseNonoperatingUSD | 58,263Source | 98,026Source |
| Investment Income, InterestUSD | 647Source | 849Source |
| Net Income (Loss) Attributable to ParentUSD | -10,673,558Source | 220,643Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -57,164Source | — |
| Nonoperating Income (Expense)USD | 87,443Source | -75,434Source |
| Operating ExpensesUSD | 11,001,406Source | 3,773,606Source |
| Operating Lease, ExpenseUSD | 1,238,424Source | 1,219,454Source |
| Other Nonoperating Income (Expense)USD | 145,706Source | 22,592Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Total RevenueUSD | 44,083,731Source | 52,176,109Source |
| Cost of Goods and Services Sold | —Source | —Source |
| Operating Income (Loss)USD | -10,838,756Source | 470,273Source |
| Other Nonoperating Income (Expense)USD | 145,706Source | 22,592Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -10,751,313Source | 394,839Source |
| Income Tax Expense (Benefit)USD | -20,591Source | 174,196Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -57,164Source | — |
| Net Income (Loss) Attributable to ParentUSD | -10,673,558Source | 220,643Source |
| Earnings Per Share, BasicUSD per share | -3.71Source | 0.01Source |
| Earnings Per Share, DilutedUSD per share | -3.71Source | 0.01Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 2,880,514Source | 20,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 2,880,514Source | 20,000,000Source |
| Interest Expense (non-operating)USD | 58,263Source | 98,026Source |
| Additional Financial Items | ||
| Current Income Tax Expense (Benefit)USD | — | 228,402Source |
| Equipment ExpenseUSD | 129,694Source | 71,365Source |
| General and Administrative ExpenseUSD | 11,001,406Source | 3,773,606Source |
| Gross ProfitUSD | 162,650Source | 4,243,879Source |
| Interest ExpenseUSD | 20,460Source | 25,237Source |
| Interest Expense, DebtUSD | 29,349Source | 60,506Source |
| Investment Income, InterestUSD | 647Source | 849Source |
| Labor and Related ExpenseUSD | 57,793Source | 1,870,720Source |
| Nonoperating Income (Expense)USD | 87,443Source | -75,434Source |
| Operating ExpensesUSD | 11,001,406Source | 3,773,606Source |
| Operating Lease, ExpenseUSD | 1,238,424Source | 1,219,454Source |
| Other ExpensesUSD | 176,602Source | — |
| Other General and Administrative ExpenseUSD | 176,602Source | — |
| Other IncomeUSD | 70,059Source | 8,911Source |
Filing attachments
ex99-1.htm · 6-K · 2026-07-13
Exhibit 99.1 NEW CENTURY LOGISTICS (BVI) LIMITED AND ITS SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS As of March 31, Septemb…
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