Financial Performance - Total revenues for the six months ended March 31, 2025, were $21,389,809, a decrease of 15.1% from $25,285,439 in the same period of 2024[3] - Gross profit for the six months ended March 31, 2025, was $783,105, down 68.4% from $2,472,771 in 2024[3] - The company reported a net loss of $1,866,274 for the six months ended March 31, 2025, compared to a net income of $527,282 in 2024[3] - Operating expenses increased to $2,613,863 for the six months ended March 31, 2025, from $1,808,383 in 2024, representing a rise of 44.4%[3] Cash and Assets - Cash and cash equivalents decreased to $288,545 as of March 31, 2025, from $659,320 as of September 30, 2024, a decline of 56.3%[2] - Total current assets fell to $13,098,576 as of March 31, 2025, down 23.1% from $17,082,701 as of September 30, 2024[2] Liabilities - Total liabilities decreased to $6,204,023 as of March 31, 2025, from $12,243,880 as of September 30, 2024, a reduction of 49.3%[2] Shareholder Information - The weighted average number of ordinary shares used in computing net loss per share increased to 20,857,458 for the six months ended March 31, 2025, from 20,000,000 in 2024[3] - The company completed its initial public offering on December 18, 2024, raising $6.0 million from the sale of 1,500,000 ordinary shares at $4.00 each[8] - The company has not declared any dividends during the six months ended March 31, 2025, and 2024[6]
New Century Logistics (BVI)(NCEW) - 2025 Q2 - Quarterly Report