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[6-K] New Century Logistics (BVI) Ltd Current Report (Foreign Issuer)

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6-K

Rhea-AI Filing Summary

New Century Logistics (BVI) Limited reported unaudited results for the six months ended March 31, 2026. Revenue increased to US$28,559,320 from US$21,389,809 a year earlier, while gross profit was broadly stable at US$765,135 versus US$783,105. Operating loss narrowed to US$527,241 from US$1,830,758.

Net loss attributable to shareholders improved to US$321,247 from US$1,866,274, with basic and diluted loss per share of US$(0.10) based on 3,200,000 weighted-average shares. As of March 31, 2026, total assets were US$12,107,851, total liabilities US$7,234,311, and total shareholders’ equity US$4,873,540. Cash and cash equivalents decreased to US$62,318, while bank overdrafts rose to US$1,019,560. The statements are unaudited and not reviewed by external auditors.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES ACT OF 1933

 

For the month of July 2026

 

Commission File Number: 001-42415

 

NEW CENTURY LOGISTICS (BVI) LIMITED

(Name of Registrant)

 

Office A-E, 33/F, King Palace Plaza,

55 King Yip Street, Kwun Tong,

Kowloon, Hong Kong

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

NEW CENTURY LOGISTICS (BVI) LIMITED Reports Financial Results for the Six Months Ended March 31, 2026

 

NEW CENTURY LOGISTICS (BVI) LIMITED (the “Company”) is furnishing this current report on Form 6-K to provide its unaudited condensed consolidated financial statements for the six months ended March 31, 2026.

 

The unaudited condensed consolidated financial statements of the Company as of March 31, 2026 and for the six months ended March 31, 2026 and 2025 are attached to this Form 6-K as Exhibit 99.1. These unaudited condensed consolidated financial statements have not been reviewed on behalf of the shareholders by the independent external auditors of the Company.

 

Financial Statements and Exhibits.

 

Exhibits:

 

Exhibit No.   Description
99.1   Unaudited Condensed Consolidated Financial Statements as of March 31, 2026 and for the Six Months Ended March 31, 2026 and 2025.

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  New Century Logistics (BVI) Limited
     
Date: July 13, 2026 By: /s/ Ching Shun Ngan
    Ching Shun Ngan
    Chief Executive Officer

 

3

 

 

 

Exhibit 99.1

 

NEW CENTURY LOGISTICS (BVI) LIMITED AND ITS SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

 

   As of 
   March 31,   September 30, 
   2026   2025 
   US$   US$ 
   (Unaudited)     
Assets          
Current assets:          
Cash and cash equivalents   62,318    645,912 
Restricted cash   320,513    320,513 
Investment   641,026    - 
Accounts receivable, net   8,612,304    11,765,180 
Deposits, prepayment and other receivables   1,207,106    460,363 
Total current assets   10,843,267    13,191,968 
           
Non-current assets:          
Property, plant and equipment   133,633    51,428 
Right-of-use assets - operating leases   404,045    458,640 
Right-of-use assets - finance lease   103,818    120,914 
Deposits   512,821    512,821 
Deferred tax assets   110,267    193,208 
Total non-current assets   1,264,584    1,337,011 
           
TOTAL ASSETS   12,107,851    14,528,979 
           
Liabilities          
Current liabilities:          
Bank overdraft   1,019,560    717,306 
Bank loans – current   1,858,973    1,923,075 
Other borrowing – current   13,115    - 
Accounts payable   2,877,202    5,278,790 
Accruals and other current liabilities   395,286    375,001 
Operating lease liabilities – current   270,041    215,575 
Finance lease liability – current   34,487    36,592 
Due to a related party   64,103    - 
Income tax payables   426,564    433,915 
Total current liabilities   6,959,331    8,980,254 
           
Non-current liabilities          
Other borrowing – non-current   63,808    - 
Operating lease liabilities – non-current   135,822    223,182 
Finance lease liability – non-current   75,350    93,064 
Total non-current liabilities   274,980    316,246 
           
TOTAL LIABILITIES   7,234,311    9,296,500 
           
Commitments and contingencies          
           
Shareholders’ equity          
Ordinary shares, no par value, 12,500,000 shares authorized; and 3,200,000 shares issued and outstanding at March 31, 2026 and September 30, 2025 respectively   -    - 
Additional paid-in capital   9,907,876    9,907,876 
Accumulated losses   (4,939,480)   (4,618,233)
New Century Logistics (BVI) Limited Total Shareholders’ Equity   4,968,396    5,289,643 
Non-controlling interest   (94,856)   (57,164)
Total shareholders’ equity   4,873,540    5,232,479 
TOTAL LIABILITIES AND EQUITY   12,107,851    14,528,979 

 

 

 

 

NEW CENTURY LOGISTICS (BVI) LIMITED AND ITS SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

 

   For the Six Months ended March 31, 
   2026   2025 
   US$   US$ 
   (Unaudited)   (Unaudited) 
         
Revenues   28,559,320    21,389,809 
Cost of revenues   (27,794,185)   (20,606,704)
Gross profit   765,135    783,105 
           
Operating expense          
General and administrative expenses   (1,292,376)   (2,613,863)
Total operating expense   (1,292,376)   (2,613,863)
           
Loss from operations   (527,241)   (1,830,758)
           
Other (expenses) income:          
Other income   63,480    6,792 
Interest expense, net   (75,624)   (42,308)
Total other expenses, net   (12,144)   (35,516)
           
Loss before income tax   (539,385)   (1,866,274)
Income tax credit   180,446    - 
Net loss and comprehensive loss   (358,939)   (1,866,274)
           
Net loss attributable to a non-controlling interest   (37,692)   - 
Net loss attributable to New Century Logistics (BVI) Limited’s shareholders   (321,247)   (1,866,274)
           
Net loss per share attributable to ordinary shareholders          
Basic and diluted   (0.10)   (0.09)
           
Weighted average number of ordinary shares used in computing net loss per share   3,200,000    20,857,458 

 

 

 

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