New Century Logistics (BVI) Ltd
NCEW Nasdaq Arrangement Of Transportation Of Freight & Cargo Financials FY2022–FY2025
What New Century Logistics (BVI) Ltd does
No business description yet.
- Legal name
- New Century Logistics (BVI) Ltd
- Fiscal year ends
- September 30, 2025
- Latest annual report
- 20-F · Feb 17, 2026
- Accession · CIK
- 0001493152-26-006875
0001968043
Revenue and margins
New Century Logistics (BVI) Ltd had $44.1M of revenue in fiscal 2025, down 15.5% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was −$3.5M in fiscal 2025, −7.9% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
New Century Logistics (BVI) Ltd returned — to shareholders in fiscal 2025. The diluted share count rose 15.2%.
Balance sheet
Cash, debt and the ratios that show how comfortably New Century Logistics (BVI) Ltd can carry it.
| Fiscal year end | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash and short-term investments | — | $0.3M | $0.7M | $0.6M |
| Interest coverage | 100.7x | 44.3x | 18.7x | −528.7x |
| Current ratio | — | 1.5x | 1.5x | 1.5x |
| Quick ratio | — | 1.5x | 1.5x | 1.5x |
| Total assets | — | $15.8M | $18.5M | $14.5M |
| Total liabilities | — | $9.8M | $12.2M | $9.3M |
| Shareholders' equity | $11.5M | $6.0M | $6.2M | $5.3M |
| Net debt (− = net cash) | — | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✕ |
| Cash from operations is positive | ✓ | ✕ | ✓ | ✕ |
| Return on assets rose | — | — | ✕ | ✕ |
| Cash from operations exceeds net income | ✕ | ✕ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — | — |
| Current ratio rose | — | — | ✕ | ✓ |
| Share count didn't rise | — | ✓ | ✓ | ✕ |
| Gross margin rose | — | ✕ | ✕ | ✕ |
| Revenue rose relative to assets | — | — | ✓ | ✓ |
| F-score | — / 3 | — / 5 | 5 / 8 | 3 / 8 |
| Accruals ratio | — | 18.6% | −7.1% | −44.0% |
| Altman Z'' | — | 3.93 | 3.68 | −3.55 |
4 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $75.2M | $36.1M | $52.2M | $44.1M |
| Gross profit | $11.5M | $3.5M | $4.2M | $0.2M |
| Operating income | $8.2M | $0.5M | $0.5M | −$10.8M |
| Interest expense | $0.1M | $0.0M | $0.0M | $0.0M |
| Pretax income | $8.3M | $0.5M | $0.4M | −$10.8M |
| Income tax | $1.3M | $0.0M | $0.2M | −$0.0M |
| Net income | $7.0M | $0.5M | $0.2M | −$10.7M |
| Diluted EPS | $0.35 | $0.18 | $0.09 | −$3.71 |
| Diluted shares | 0.02B | 0.00B | 0.00B | 0.00B |
| Cash flow | ||||
| Cash from operations | $6.8M | −$2.5M | $1.4M | −$3.4M |
| Capital expenditure | $0.5M | — | — | $0.1M |
| Free cash flow | $6.3M | — | — | −$3.5M |
| Depreciation and amortization | $0.2M | $0.2M | $0.2M | $0.0M |
| Stock-based compensation | — | — | — | $6.4M |
| Dividends paid | $1.5M | $1.1M | — | — |
| Dividends and buybacks | $1.5M | $1.1M | — | — |
| Balance sheet | ||||
| Cash and short-term investments | — | $0.3M | $0.7M | $0.6M |
| Finance lease liabilities | — | — | $0.2M | $0.1M |
| Current assets | — | $13.8M | $17.1M | $13.2M |
| Current liabilities | — | $9.3M | $11.7M | $9.0M |
| Property and equipment, net | — | $0.2M | $0.0M | $0.1M |
| Total assets | — | $15.8M | $18.5M | $14.5M |
| Total liabilities | — | $9.8M | $12.2M | $9.3M |
| Shareholders' equity | $11.5M | $6.0M | $6.2M | $5.3M |
| Margins | ||||
| Gross margin | 15.4% | 9.7% | 8.1% | 0.4% |
| Operating margin | 11.0% | 1.4% | 0.9% | −24.6% |
| EBITDA margin | 11.2% | 2.0% | 1.2% | −24.5% |
| Net margin | 9.3% | 1.3% | 0.4% | −24.2% |
| FCF margin | 8.4% | — | — | −7.9% |
| Returns | ||||
| Return on capital employed | — | 8.1% | 7.0% | −195.3% |
| Return on equity | 60.6% | 5.2% | 3.6% | −185.7% |
| Return on assets | — | 2.9% | 1.3% | −64.7% |
| Return on tangible equity | 60.6% | 7.6% | 3.6% | −201.8% |
| Growth | ||||
| Revenue growth | — | −52.0% | 44.6% | −15.5% |
| Net income growth | — | −93.5% | −51.5% | −4,938.4% |
| EPS growth | — | −48.6% | −50.0% | −4,222.2% |
| Share count change | — | −87.5% | 0.0% | 15.2% |
| Financial health | ||||
| Interest coverage | 100.7x | 44.3x | 18.7x | −528.7x |
| Current ratio | — | 1.5x | 1.5x | 1.5x |
| Quick ratio | — | 1.5x | 1.5x | 1.5x |
| Capital allocation | ||||
| Capex / revenue | 0.6% | — | — | 0.1% |
| Stock comp / revenue | — | — | — | 14.4% |
| Payouts / FCF | 23.1% | — | — | — |
| Quality scores | ||||
| Piotroski F-score | — | — | 5.0 | 3.0 |
| Altman Z'' | — | 3.9 | 3.7 | −3.6 |
| Accruals ratio | — | 18.6% | −7.1% | −44.0% |
Source: SEC EDGAR XBRL filings (CIK 0001968043). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.