New Century Logistics (BVI) Limited (NCEW) Cash Flow Statement
Where NCEW’s cash came from and went, FY2025
September 30, 2025 · U.S. dollars- Cash from operations
- −$438,109 −130.5% vs FY2024
- Capital expenditures
- $6,991 0.1% of revenue
- Free cash flow
- −$445,100 −7.9% margin
- Returned to shareholders
- —
- Change in cash
- $39,331 cash at year-end $124,212
Drawn to scale: where the cash came from and how it was used. Hover for values.
NCEW operating cash flow, capex and free cash flow
NCEW cash flow trends, FY2021–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $4.6MFY2021 | −$438,109FY2025 | — | |
| Capital expenditures | $95,064FY2021 | $6,991FY2025 | −47.9%/yr | |
| Free cash flow | $4.5MFY2021 | −$445,100FY2025 | — | |
| Free cash flow margin | 6.3%FY2021 | −7.9%FY2025 | −14.1 pts | |
| Operating cash flow / net income | 0.83FY2021 | 6.50FY2024 | +5.67 | |
| Stock-based compensation | $0FY2023 | $6.4MFY2025 | — | |
| Capex / revenue | 0.1%FY2021 | 0.1%FY2025 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NCEW cash flow by activity
NCEW net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
NCEW cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$1.4M | $220,643 | $454,415 | $7.0M | $5.5M |
| Depreciation & amortization | $9,033 | $217,219 | $228,371 | $242,184 | $133,216 |
| Stock-based compensation | $6.4M | $0 | $0 | — | — |
| Change in working capital | −$51,234 | −$618,515 | −$4.1M | −$1.5M | −$2.2M |
| Other non-cash items | −$5.4M | $1.6M | $930,935 | $1.1M | $1.1M |
| Cash from operating activities | −$438,109 | $1.4M | −$2.5M | $6.8M | $4.6M |
| Investing activities | |||||
| Capital expenditures | −$6,991 | −$1 | −$1 | −$462,335 | −$95,064 |
| Investments (net) | — | $218,109 | −$218,109 | −$462,335 | −$95,064 |
| Acquisitions & other investing | $2 | $1 | $1 | $462,335 | $95,064 |
| Cash from investing activities | −$6,989 | $218,109 | −$218,109 | −$462,335 | −$95,064 |
| Financing activities | |||||
| Net borrowing (repayment) | −$1.3M | $134,256 | $1.6M | −$424,589 | −$620,311 |
| Shares issued | $5.0M | $0 | $0 | $0 | $0 |
| Other financing | −$3.2M | −$1.4M | −$1.1M | −$5.4M | −$3.9M |
| Cash from financing activities | $484,496 | −$1.3M | $502,382 | −$5.8M | −$4.5M |
| Summary | |||||
| Net change in cash | $39,331 | $368,004 | −$2.2M | $553,539 | −$36,060 |
| Cash at end of period | $124,212 | $659,320 | $291,316 | $2.5M | $1.9M |
| Free cash flow | −$445,100 | $1.4M | −$2.5M | $6.3M | $4.5M |
| Free cash flow margin | −7.9% | 2.7% | −6.9% | 8.4% | 6.3% |
| Capex / revenue | 0.1% | 0.0% | 0.0% | 0.6% | 0.1% |
| Operating cash flow / net income | — | 6.50 | −5.47 | 0.97 | 0.83 |
| Dec '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | −$933,137 | −$153,319 | $263,641 | $263,641 |
| Depreciation & amortization | $53,382 | $53,382 | $55,228 | $55,228 |
| Change in working capital | −$246,511 | −$246,511 | −$1.4M | −$1.4M |
| Other non-cash items | $1.7M | $872,535 | $1.3M | $1.3M |
| Cash from operating activities | $526,087 | $526,087 | $191,179 | $191,179 |
| Investing activities | ||||
| Capital expenditures | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | $109,055 | $109,055 | — | — |
| Cash from investing activities | $109,055 | $109,055 | — | — |
| Financing activities | ||||
| Shares issued | $0 | $0 | $0 | $0 |
| Other financing | −$384,674 | −$384,674 | −$257,645 | −$257,645 |
| Cash from financing activities | −$384,674 | −$384,674 | −$257,645 | −$257,645 |
| Summary | ||||
| Free cash flow | $526,087 | $526,087 | $191,179 | $191,179 |
| Free cash flow margin | 4.9% | 3.9% | 1.5% | 1.5% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | — | — | 0.73 | 0.73 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
NCEW cash generation
In fiscal 2025 (ended September 30, 2025), New Century Logistics generated -$0.4 million of cash from operations (down 130.5%) and spent $0.0 million on capital expenditures, leaving free cash flow of -$0.4 million, −7.9% of revenue. Cash and equivalents rose by $0.0 million over the year.
Related: NCEW income statement, NCEW balance sheet. See the NCEW stock overview for the latest quote and news.
NCEW cash flow FAQ
What is New Century Logistics's free cash flow?
New Century Logistics's free cash flow was -$0.4 million in fiscal 2025: -$0.4 million of operating cash flow minus $0.0 million of capital expenditures It was $1.4 million a year earlier..
How much cash does New Century Logistics generate from operations?
New Century Logistics generated -$0.4 million of cash from operating activities in fiscal 2025.
How much does New Century Logistics spend on capital expenditures?
New Century Logistics spent $0.0 million on capital expenditures in fiscal 2025, 0.1% of revenue, compared with $0.0 million the year before.