NCEW Income Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023
Revenue	44.08	52.18	36.07
Revenue Growth (YoY)	-15.51%	44.64%	-
Cost of Revenue	43.92	47.93	32.59
Gross Profit	0.16	4.24	3.48
Selling, General & Admin	11	3.77	2.96
Total Operating Expenses	11	3.77	2.96
Operating Income	-10.84	0.47	0.52
Total Non-Operating Income (Expense)	0.23	-0.05	0.04
Pretax Income	-10.75	0.39	0.5
Provision for Income Taxes	-0.02	0.17	0.05
Net Income	-21.4	0.44	0.91
Minority Interest in Earnings	-0.06	-	-
Net Income to Common	-21.4	0.44	0.91
Net Income Growth	-	-51.44%	-
Shares Outstanding (Basic)	3	3	3
Shares Outstanding (Diluted)	3	3	3
Shares Change (YoY)	15.22%	-	-
EPS (Basic)	-3.71	0.09	0.18
EPS (Diluted)	-3.71	0.09	0.18
EPS Growth	-	-50.00%	-
Free Cash Flow	-3.47	1.43	-2.49
Free Cash Flow Per Share	-1.20	0.57	-0.99
Gross Margin	0.37%	8.13%	9.66%
Operating Margin	-24.59%	0.90%	1.45%
Profit Margin	-24.34%	0.42%	1.26%
FCF Margin	-7.87%	2.75%	-6.89%
EBITDA	-10.77	0.69	0.75
EBITDA Margin	-24.43%	1.32%	2.08%
EBIT	-10.84	0.47	0.52
EBIT Margin	-24.59%	0.90%	1.45%
Effective Tax Rate	0.19%	44.12%	9.19%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q