NCL posts FY2025 net loss of USD 10.73 million, swinging from profit

Reuters
Feb 17
NCL posts FY2025 net loss of USD 10.73 million, swinging from profit

New Century Logistics (BVI) Ltd. reported a net loss of USD 10.73 million for the full year ended September 30, 2025, compared to net income of USD 0.22 million in the previous year. The company’s income from operations dropped to a loss of USD 10.84 million for the period. Revenue continued to be driven primarily by air freight, which accounted for approximately 92 percent of total revenue, while ocean freight contributed nearly 2 percent and other services made up about 6 percent. The company highlighted that its financial performance remains significantly influenced by economic conditions in Hong Kong and Mainland China, with fluctuations in GDP growth in these regions directly impacting demand for its freight forwarding services.

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