Intercont (Cayman) Limited Reports First Half 2025 Unaudited Financial Results
Intercont (NASDAQ: NCT), a global shipping company, reported its unaudited financial results for H1 2025. The company saw revenue growth of 8% to $13.4 million, with gross profit increasing 14% to $3.8 million. However, net income declined by 43% to $0.9 million compared to $1.6 million in the same period of 2023.
The company successfully completed its IPO on March 28, 2025, raising gross proceeds of $10.5 million. Additional proceeds of $1.14 million were received from a partial exercise of the over-allotment option. As of December 31, 2024, cash and cash equivalents stood at $4.9 million, up from $3.8 million in June 2024. In April 2025, the company invested approximately $10.2 million in short-term wealth management products to improve capital efficiency.
Intercont (NASDAQ: NCT), una compagnia di navigazione globale, ha comunicato i risultati finanziari non revisionati per il primo semestre 2025. L'azienda ha registrato una crescita dei ricavi dell'8%, raggiungendo 13,4 milioni di dollari, con un aumento del margine lordo del 14% a 3,8 milioni di dollari. Tuttavia, l'utile netto è diminuito del 43%, attestandosi a 0,9 milioni di dollari rispetto a 1,6 milioni nello stesso periodo del 2023.
La società ha completato con successo la sua offerta pubblica iniziale (IPO) il 28 marzo 2025, raccogliendo proventi lordi per 10,5 milioni di dollari. Ulteriori 1,14 milioni di dollari sono stati ottenuti dall'esercizio parziale dell'opzione di sovrallocazione. Al 31 dicembre 2024, la liquidità e le equivalenti ammontavano a 4,9 milioni di dollari, in aumento rispetto ai 3,8 milioni di giugno 2024. Nell'aprile 2025, l'azienda ha investito circa 10,2 milioni di dollari in prodotti di gestione patrimoniale a breve termine per migliorare l'efficienza del capitale.
Intercont (NASDAQ: NCT), una compañía naviera global, reportó sus resultados financieros no auditados para el primer semestre de 2025. La empresa experimentó un crecimiento de ingresos del 8% alcanzando 13.4 millones de dólares, con un aumento del beneficio bruto del 14% a 3.8 millones de dólares. Sin embargo, el ingreso neto disminuyó un 43% hasta 0.9 millones de dólares en comparación con 1.6 millones en el mismo período de 2023.
La compañía completó exitosamente su oferta pública inicial (IPO) el 28 de marzo de 2025, recaudando ingresos brutos de 10.5 millones de dólares. Se recibieron ingresos adicionales de 1.14 millones de dólares por el ejercicio parcial de la opción de sobreasignación. Al 31 de diciembre de 2024, el efectivo y equivalentes de efectivo eran de 4.9 millones de dólares, aumentando desde los 3.8 millones en junio de 2024. En abril de 2025, la empresa invirtió aproximadamente 10.2 millones de dólares en productos de gestión patrimonial a corto plazo para mejorar la eficiencia del capital.
Intercont (NASDAQ: NCT)는 글로벌 해운 회사로서 2025년 상반기 감사되지 않은 재무 결과를 보고했습니다. 회사는 매출이 8% 증가하여 1,340만 달러를 기록했으며, 총이익은 14% 증가하여 380만 달러에 달했습니다. 그러나 순이익은 2023년 같은 기간 160만 달러에서 43% 감소한 90만 달러를 기록했습니다.
회사는 2025년 3월 28일 IPO를 성공적으로 완료하여 총 1,050만 달러의 자금을 조달했습니다. 추가로 114만 달러의 오버얼로트먼트 옵션 부분 행사로 자금을 확보했습니다. 2024년 12월 31일 기준 현금 및 현금성 자산은 490만 달러로, 2024년 6월의 380만 달러에서 증가했습니다. 2025년 4월에는 자본 효율성을 높이기 위해 약 1,020만 달러를 단기 자산 관리 상품에 투자했습니다.
Intercont (NASDAQ : NCT), une entreprise mondiale de transport maritime, a publié ses résultats financiers non audités pour le premier semestre 2025. L'entreprise a enregistré une croissance de ses revenus de 8% à 13,4 millions de dollars, avec un bénéfice brut en hausse de 14% à 3,8 millions de dollars. Cependant, le résultat net a diminué de 43%, atteignant 0,9 million de dollars contre 1,6 million pour la même période en 2023.
L'entreprise a réussi son introduction en bourse (IPO) le 28 mars 2025, levant des produits bruts de 10,5 millions de dollars. Des produits additionnels de 1,14 million de dollars ont été reçus grâce à l'exercice partiel de l'option de surallocation. Au 31 décembre 2024, la trésorerie et les équivalents de trésorerie s'élevaient à 4,9 millions de dollars, en hausse par rapport à 3,8 millions en juin 2024. En avril 2025, la société a investi environ 10,2 millions de dollars dans des produits de gestion de patrimoine à court terme afin d'améliorer l'efficacité du capital.
Intercont (NASDAQ: NCT), ein weltweit tätiges Schifffahrtsunternehmen, veröffentlichte seine ungeprüften Finanzergebnisse für das erste Halbjahr 2025. Das Unternehmen verzeichnete ein Umsatzwachstum von 8% auf 13,4 Millionen US-Dollar, wobei der Bruttogewinn um 14% auf 3,8 Millionen US-Dollar stieg. Der Nettogewinn sank jedoch im Vergleich zum gleichen Zeitraum 2023 um 43% auf 0,9 Millionen US-Dollar.
Das Unternehmen schloss erfolgreich seinen Börsengang (IPO) am 28. März 2025 ab und erzielte Bruttoerlöse von 10,5 Millionen US-Dollar. Zusätzliche Erlöse von 1,14 Millionen US-Dollar wurden durch die teilweise Ausübung der Mehrzuteilungsoption erzielt. Zum 31. Dezember 2024 beliefen sich die liquiden Mittel auf 4,9 Millionen US-Dollar, gegenüber 3,8 Millionen im Juni 2024. Im April 2025 investierte das Unternehmen rund 10,2 Millionen US-Dollar in kurzfristige Vermögensverwaltungsprodukte zur Verbesserung der Kapitaleffizienz.
- Revenue increased 8% to $13.4 million year-over-year
- Gross profit grew 14% to $3.8 million
- Cash position improved to $4.9 million from $3.8 million in June 2024
- Successful IPO completion with $10.5 million gross proceeds
- Additional $1.14 million raised through over-allotment option exercise
- Net income decreased 43% to $0.9 million year-over-year
- Operating expenses doubled, increasing 101% to $1.7 million
- Interest income decreased by $0.3 million
- Professional consulting and legal fees increased by $0.4 million
- Research and development expenses of $0.4 million for new initiatives
Insights
Intercont reports mixed H1 2025 results with 8% revenue growth but 43% net income decline amid significant R&D investments in seaborne pulping operations.
Intercont's H1 2025 financial performance shows revenue growth of 8% to
The substantial drop in net income stems from a
The company's financial position improved with cash increasing to
This transitional period shows a company balancing operational improvements with strategic investments in technology development. The decrease in income from operations (
HONG KONG, July 15, 2025 (GLOBE NEWSWIRE) -- Intercont (Cayman) Limited (“Intercont” or the “Company”) (NASDAQ: NCT), a global shipping enterprise with plans for seaborne pulping operations, today announced its unaudited financial results for the six months ended December 31, 2024. All amounts below are in U.S. dollars.
First Half 2025 Unaudited Operating and Financial Summaries
- Total revenues increased by
8% to approximately$13.4 million for the six months ended December 31, 2024 from approximately$12.4 million in the same period of 2023. - Gross profit increased by
14% to approximately$3.8 million for the six months ended December 31, 2024 from approximately$3.4 million in the same period of 2023. - Net income was approximately
$0.9 million for the six months ended December 31, 2024, as compared with approximately$1.6 million in the same period of 2023. - As of December 31, 2024, the Company had approximately
$4.9 million in cash and cash equivalents, as compared with approximately$3.8 million as of June 30, 2024.
First Half Fiscal 2025 Financial Results
Total revenues increased by
Cost of revenues increased by
Gross profit increased by
Total operating expenses increased by
- General and administrative expenses primarily consist of salary and compensation expenses relating to our accounting, human resources, and executive office personnel, and included office rental and depreciation and amortization expenses, office overhead, professional service fees and travel and transportation costs. General and administrative expenses increased by approximately
$0.7 million due to (a) professional consulting and legal fees increased by approximately$0.4 million from $nil for the six months ended December 31, 2023, to approximately$0.4 million for the six months ended December 31, 2024, (b) other expenses including salary expenses, travel expense etc. increased approximately$0.3 million . - The Group incurred approximately
$0.4 million research and development expenses for entrusting a third party to conduct research on pulp transport device, pulp residue processing and remote control of ship pulping operation for the six months ended December 31, 2024.
Income from operations decreased by
Other expense, net was approximately
Net income decreased by
As of December 31, 2024, the Company had approximately
Recent Development
The Group completed its IPO on March 28, 2025, with total gross proceeds of
On April 7, 2025, Kingswood Capital Partners, LLC. (“Kingswood”), as the representative of the underwriters, exercised its over-allotment option in part to purchase an additional 175,000 ordinary shares par value US
In April 2025, in order to strengthen its working capital management, the Group temporarily deposited idle fund of approximately
About Intercont (Cayman) Limited
Intercont (Cayman) Limited is a global shipping enterprise with plans for seaborne pulping operations. Under a visionary management team, Intercont is dedicated to providing customers with efficient and environmentally friendly transportation solutions through innovative business models and technology. For more information, please visit: https://www.intercontcayman.com.
Forward-Looking Statement
This press release contains statements of a forward-looking nature. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
At the Company:
Intercont (Cayman) Limited
investorrelations@intercontcayman.com
+852-3848-1720
