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NCEW

New Century Logistics (BVI) Limited

NCEW

New Century Logistics (BVI) Limited • NASDAQ
$4.02 ▲ 1.26% (+0.05)
Market Cap $10.81 M
52w High $33.20
52w Low $2.80
Dividend Yield 0%
P/E -4.84
Volume 240.19K
Outstanding Shares 2.69M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $13.445M $984.461K $-153.319K -1.14% $-0.062 $-37.851K
Q3-2024 $13.445M ▲ $984.461K ▲ $-153.319K ▼ -1.14% ▼ $-0.062 ▼ $-37.851K ▼
Q2-2024 $12.643M $902.342K $263.641K 2.085% $0.106 $392.614K
Q1-2024 $12.643M $902.342K $263.641K 2.085% $0.106 $392.614K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $659.32K ▼ $18.453M $12.244M $6.209M
Q3-2024 $963.644K ▲ $18.453M ▲ $12.244M ▲ $6.209M ▼
Q2-2024 $158.384K ▼ $18.24M $11.724M $6.516M
Q1-2024 $463.554K ▲ $18.24M ▲ $11.724M ▲ $6.516M ▲
Q4-2023 $291.316K $15.797M $9.809M $5.988M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-153.319K $526.087K $109.055K $-384.674K $0 $526.087K
Q3-2024 $-153.319K ▼ $526.087K ▲ $109.055K ▲ $-384.674K ▼ $0 $526.087K ▲
Q2-2024 $263.641K $191.179K $0 $-257.645K $0 $191.179K
Q1-2024 $263.641K $191.179K $0 $-257.645K $0 $191.179K

Five-Year Company Overview

Income Statement

Income Statement New Century Logistics is still a very small, early-stage business in revenue terms. Sales have been modest and somewhat uneven, and recent results look close to break-even rather than clearly profitable. This suggests the company is still in a build-out phase, focusing more on laying foundations and investing in its model than on generating meaningful earnings. Any small profit or loss can swing quickly because the base of activity is so small, so reported earnings should be viewed as fragile and highly sensitive to one-off factors.

Balance Sheet

Balance Sheet The balance sheet is light and lean, consistent with an asset-light logistics and freight forwarder. The company runs with a very small pool of assets and equity, and only a modest amount of debt has appeared recently. The lack of reported cash stands out as a risk, since it implies limited internal buffers to absorb shocks or fund expansion; the business may need to rely on credit lines or new capital if growth projects or setbacks arise. Overall, financial capacity looks thin, so execution discipline and access to funding will be important.

Cash Flow

Cash Flow Cash generation from the core business has been minimal so far, with only brief periods of positive operating cash flow. Capital spending has also been very low, consistent with an asset-light model and the early scale of operations. This keeps cash needs down but also highlights that most of the company’s value story rests on future growth and technology rollout rather than on current cash-generating power. Any step-up in investment for drones, software, or acquisitions may require additional financing, because the business is not yet self-funding in a strong way.

Competitive Edge

Competitive Edge NCEW operates in a highly competitive, low-margin global freight and logistics industry dominated by large, well-capitalized players. Its main defensive strengths are long-standing relationships with airlines, ocean carriers, and major customers, which can help secure capacity and maintain stable volumes. The company is also trying to stand out by leaning into technology and visibility tools rather than simply competing on price. However, given its small size and limited financial resources, it has far less cushion than bigger rivals and remains vulnerable to rate swings, volume shifts, and execution missteps as it scales.

Innovation and R&D

Innovation and R&D Innovation is central to NCEW’s strategy. The drone-based “Micro-Hub” last‑mile system and the global supply chain visualization platform are ambitious attempts to solve cost, labor, and transparency pain points in logistics. These tools, if deployed effectively, could make the service faster, more reliable, and more attractive to customers, especially in remote or complex markets. At the same time, these projects are technically, operationally, and regulatorily demanding, and they can be expensive relative to the company’s size. Future moves into AI, automation, and green logistics add upside potential but also increase execution and funding risk, making the timing and quality of rollout critical.

Summary

Overall, New Century Logistics looks like a tiny, asset-light logistics company trying to reinvent itself as a technology-enabled platform. The current financial footprint is small, near break-even, and offers only a thin safety margin, while the balance sheet and cash flows provide limited internal firepower. The strategic upside lies in its long-standing industry relationships and its push into drones and real-time supply chain visibility, plus potential network effects from acquisitions and partnerships. The key uncertainties are whether it can secure the capital, regulatory approvals, and operational capabilities needed to scale these innovations before larger, better-funded competitors close the gap. This makes NCEW a story driven much more by future execution than by its current financial performance.

NEWS

November 7, 2025 · 4:00 PM UTC

New Century Logistics (BVI) Limited Announces 1-for-8 Reverse Stock Split

Read more