New Century Logistics (BVI) Limited

New Century Logistics (BVI) Limited reported FY 2025 revenues of $44.1 million with a gross profit of $163 thousand, resulting in a gross margin of 0.37%. The company incurred significant operating losses, with income from operations at -$10.8 million and net income attributable to shareholders at -$10.7 million, translating to basic and diluted EPS of -$4.00. Operating cash flow was negative at -$3.4 million, but financing activities generated $3.8 million primarily from net IPO proceeds of $5.0 million. The balance sheet shows total assets of $14.5 million, liabilities of $9.3 million, and shareholders' equity of $5.2 million, with current assets of $13.2 million and current liabilities of $9.0 million. The company's financial performance reflects challenges in profitability despite revenue generation, with significant share-based compensation expenses of $6.4 million impacting results.

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