Overview
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- TickerNCT on Nasdaq1
- IndustryDeep Sea Foreign Transportation of Freight1
- HeadquartersE91
- Incorporated inCayman Islands3
- Business address39 Ocean Drive, Singapore, 0981873
- Filer category, Emerging growth company3
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IPO. The closing for the sale of the over-allotment shares took place on April 7, 2025 (the “Option Closing”).4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
31.2%Gross margin2
19.5%Operating margin2
12.4%Net margin2
-1.5%Revenue growth, 20252
12.5%Return on equity2
0.05×Debt to equity2
$6.3MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
Singapore brought in 77% of the revenue Intercont (Cayman) Ltd broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Singapore | $18.0M | $12.3M | $19.3M |
| Hong Kong | $4.3M | $4.1M | $4.1M |
| Other Countries | $3.9M | $4.4M | $1.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue69¢$17.3M
- Research and development2¢$621.0K
- Other costs16¢$4.1M
- Profit12¢$3.1M
Out of $25.1M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending14¢$1.1M
- Kept or used elsewhere86¢$6.3M
Out of $7.4M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-06-30 | 2024-06-30 | 2023-06-30 |
|---|---|---|---|
| Total revenue | $25.1M | $25.5M | $32.4M |
| Total Cost of revenues | $17.3M | $18.2M | $18.1M |
| Gross profit | $7.8M | $7.3M | $14.4M |
| General and administrative expenses | $2.3M | $1.7M | $876.4K |
| Research and development expenses | $621.0K | $601.0K | |
| Total operating expenses | $2.9M | $2.3M | $876.4K |
| Income from operations | $4.9M | $5.1M | $13.5M |
| Interest income | $3.9K | $307.2K | $194.6K |
| Interest expense | -$1.9M | -$2.7M | -$2.7M |
| Other income (expense), net | $111.2K | $450.3K | -$89.4K |
| Total other expense, net | -$1.8M | -$1.9M | -$2.6M |
| Income before income taxes | $3.1M | $3.1M | $10.9M |
| Net income | $3.1M | $3.1M | $10.9M |
| Less: Net income attributable to non-controlling interests | $16.6K | ||
| Net income attributable to the Company | $3.1M | $3.1M | $10.9M |
| Earnings per share Basic (in Dollars per share) | $0.10 | $0.10 | $0.40 |
| Earnings per share Diluted (in Dollars per share) | $0.10 | $0.10 | $0.40 |
| Weighted Average Shares Outstanding Basic (in Shares) | 25.4M shares | 24.6M shares | 24.5M shares |
| Weighted Average Shares Outstanding Diluted (in Shares) | 25.4M shares | 24.6M shares | 24.5M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Cash | $5.6M | $3.8M | ||
| Accounts receivable, net | $287.2K | $261.8K | ||
| Prepayments and other current assets | $788.4K | $555.1K | ||
| Short-term investment | $10.3M | |||
| Total Current Assets | $18.4M | $5.1M | ||
| Vessels, net | $49.7M | $53.2M | ||
| Property and equipment, net | $6.5K | $4.7K | ||
| Deferred dry dock cost, net | $682.6K | $959.9K | ||
| Right-of-use asset-operating lease, net | $1.6M | $4.6M | ||
| Deferred IPO cost | $287.8K | |||
| Prepayments and other non-current assets | $475.0K | $975.0K | ||
| Total Non-Current Assets | $52.4M | $60.0M | ||
| Total Assets | $70.8M | $65.1M | ||
| Current maturity of long-term loan | $1.7M | $1.7M | ||
| Accounts payable | $1.0M | $1.0M | ||
| Accrued expenses and other current liabilities | $1.1M | $314.9K | ||
| Operating lease liabilities current | $1.4M | $3.0M | ||
| Financing lease liabilities current | $3.3M | $3.3M | ||
| Long-term payable, current | $507.5K | $1.1M | ||
| Total Current Liabilities | $34.1M | $35.4M | ||
| Long-term loan | $1.3M | $2.8M | ||
| Long-term payable | $440.1K | |||
| Operating lease liabilities -non-current | $1.6M | |||
| Financing lease liabilities-non-current | $10.7M | $13.9M | ||
| Total Non-Current Liabilities | $11.9M | $18.8M | ||
| Total Liabilities | $46.0M | $54.2M | ||
| Ordinary shares, $0.0001 par value, 500 million shares authorized, 26,675,001 and 25,000,001 share issued and outstanding as of June 30, 2025 and 2024, respectively | $2.7K | $2.5K | ||
| Subscription receivable | -$1.4M | |||
| Additional paid-in capital | $12.5M | $3.0M | ||
| Retained earnings | $12.4M | $9.3M | ||
| Total Shareholders Equity | $24.8M | $10.9M | ||
| Total Equity | $24.8M | $10.9M | $18.0M | $10.9M |
| Total Liabilities and Equity | $70.8M | $65.1M | ||
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Ordinary shares, shares authorized | 500.0M shares | 500.0M shares | ||
| Ordinary shares, shares issued | 26.7M shares | 25.0M shares | ||
| Ordinary shares, shares outstanding | 26.7M shares | 25.0M shares |
| Period ending | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Cash | $5.6M | $3.8M | ||
| Accounts receivable, net | $287.2K | $261.8K | ||
| Prepayments and other current assets | $788.4K | $555.1K | ||
| Short-term investment | $10.3M | |||
| Total Current Assets | $18.4M | $5.1M | ||
| Vessels, net | $49.7M | $53.2M | ||
| Property and equipment, net | $6.5K | $4.7K | ||
| Deferred dry dock cost, net | $682.6K | $959.9K | ||
| Right-of-use asset-operating lease, net | $1.6M | $4.6M | ||
| Deferred IPO cost | $287.8K | |||
| Prepayments and other non-current assets | $475.0K | $975.0K | ||
| Total Non-Current Assets | $52.4M | $60.0M | ||
| Total Assets | $70.8M | $65.1M | ||
| Current maturity of long-term loan | $1.7M | $1.7M | ||
| Accounts payable | $1.0M | $1.0M | ||
| Accrued expenses and other current liabilities | $1.1M | $314.9K | ||
| Operating lease liabilities current | $1.4M | $3.0M | ||
| Financing lease liabilities current | $3.3M | $3.3M | ||
| Long-term payable, current | $507.5K | $1.1M | ||
| Total Current Liabilities | $34.1M | $35.4M | ||
| Long-term loan | $1.3M | $2.8M | ||
| Long-term payable | $440.1K | |||
| Operating lease liabilities -non-current | $1.6M | |||
| Financing lease liabilities-non-current | $10.7M | $13.9M | ||
| Total Non-Current Liabilities | $11.9M | $18.8M | ||
| Total Liabilities | $46.0M | $54.2M | ||
| Ordinary shares, $0.0001 par value, 500 million shares authorized, 26,675,001 and 25,000,001 share issued and outstanding as of June 30, 2025 and 2024, respectively | $2.7K | $2.5K | ||
| Subscription receivable | -$1.4M | |||
| Additional paid-in capital | $12.5M | $3.0M | ||
| Retained earnings | $12.4M | $9.3M | ||
| Total Shareholders Equity | $24.8M | $10.9M | ||
| Total Equity | $24.8M | $10.9M | $18.0M | $10.9M |
| Total Liabilities and Equity | $70.8M | $65.1M | ||
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Ordinary shares, shares authorized | 500.0M shares | 500.0M shares | ||
| Ordinary shares, shares issued | 26.7M shares | 25.0M shares | ||
| Ordinary shares, shares outstanding | 26.7M shares | 25.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-06-30 | 2024-06-30 | 2023-06-30 |
|---|---|---|---|
| Net income | $3.1M | $3.1M | $10.9M |
| Depreciation of vessels and property and equipment | $3.7M | $3.7M | $3.5M |
| Amortization of debt issuance cost | $60.0K | $50.4K | $71.4K |
| Amortization of operating lease right-of-use assets | $3.0M | $2.9M | $2.8M |
| Amortization of deferred dry-docking cost | $277.3K | $278.2K | $159.8K |
| Income from short-term investment | -$100.9K | ||
| Amortization of discount for long-term payable | $67.3K | $84.6K | |
| Accounts receivable | $663.2K | -$156.8K | -$103.9K |
| Accounts receivable-related parties | -$881.4K | -$136.9K | |
| Prepayments and other assets | $266.7K | -$153.2K | $49.9K |
| Accounts payable | -$552.3K | $133.1K | $85.8K |
| Advance from customers-related party | $219.9K | $25.6K | $107.2K |
| Accrued expenses and other liabilities | $784.2K | $259.1K | -$127.0K |
| Operating lease liabilities | -$3.2M | -$2.9M | -$2.8M |
| Due from related parties | -$75.0K | $234.1K | -$637.4K |
| Due to related parties | $1.6K | -$424.6K | -$389.9K |
| Long-term deposit | -$500.0K | ||
| Net cash provided by operating activities | $7.4M | $6.5M | $13.6M |
| Purchase of time deposit through a related party | -$500.0K | -$21.5M | |
| Withdraw of time deposit through a related party | $12.5M | $9.5M | |
| Payment for dry-docking cost | -$818.7K | ||
| Short-term investment | -$10.2M | ||
| Purchase of long-lived assets | -$1.1M | -$657.0K | -$12.0M |
| Net cash (used in) provided by investing activities | -$11.3M | $10.5M | -$24.0M |
| Loan received from a third-party, net of debt issuance cost | $9.5M | ||
| Repayment of long-term loan from a third-party | -$1.7M | -$3.0M | -$1.9M |
| Repayment of loan from related-party | -$300.0K | ||
| Financing lease liabilities-principal repayment | -$3.4M | -$3.2M | -$3.2M |
| Dividends to shareholders | -$11.8M | -$3.9M | |
| Borrowing receipt from a related party | $3.4M | ||
| Proceeds from initial public offering | $10.6M | ||
| Deferred IPO cost | -$891.5K | -$287.8K | |
| Proceeds from private placement | $1.4M | $1.6M | |
| Payment of loan deposit | -$475.0K | ||
| Net cash provided by (used in) financing activities | $5.7M | -$16.7M | $3.4M |
| Net increase/(decrease) in cash | $1.9M | $335.6K | -$7.0M |
| Cash paid for interest | $1.6M | $2.3M | $2.3M |
| Addition to fixed assets through long term account payable | $1.4M | ||
| Reclassification of deferred IPO cost to additional paid-in capital | $1.2M | ||
| Non-cash warrant issued for underwriter services and reclassified to additional paid-in capital | $386.6K |
No quarter-by-quarter statement was filed.
Corporate structure
Intercont (Cayman) Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Intercont (Cayman) Ltd
- Muchun Zhu Filed SCHEDULE 13D/A on Intercont (Cayman) Ltd, latest Sep 30, 2026 (2 filings since Aug 26, 2025)
- Streeterville Capital LLC Filed SCHEDULE 13G/A on Intercont (Cayman) Ltd, latest May 1, 2026 (3 filings since Sep 15, 2025)
- Jun Li Filed SCHEDULE 13G on Intercont (Cayman) Ltd, latest Aug 26, 2025
- Luan Chen Filed SCHEDULE 13G on Intercont (Cayman) Ltd, latest Aug 26, 2025
- Shoucheng Lei Filed SCHEDULE 13G on Intercont (Cayman) Ltd, latest Aug 26, 2025
- Intercont (Cayman) Ltd E9
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Intercont (Cayman) Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $20.7M2 Jun 30, 2025 | $17.0M2 Jun 30, 2024 | +21.7% |
| Property and equipment, net | $6.5K2 Jun 30, 2025 | $4.7K2 Jun 30, 2024 | +38.8% |
| Operating-lease assets (leased space) | $1.6M2 Jun 30, 2025 | $4.6M2 Jun 30, 2024 | −66.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Marketable securities, current | $10.3M2 Jun 30, 2025 |
Leadership
Who has led Intercont (Cayman) Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
- Chief executive officerMuchun Zhu Sep 25, 2026 to now5
- ChairMuchun Zhu Sep 25, 2026 to now5
- Chief financial officerQingyuan Wang Apr 2, 2026 to now6
Board members and other officers (9)
- OfficerMuchun Zhu Mar 17, 2026 to now7
- Board memberMichael Schumann Mar 17, 2026 to now8
- Board memberMuchun Zhu Mar 17, 2026 to now7
- Board memberYuanmei Ma Mar 17, 2026 to now9
- Board memberDahong Li Mar 20, 2026 to now10
- Board memberQingyuan Wang Apr 2, 2026 to now6
- Board memberChee Wai Lee Aug 11, 2026 to now11
- Board memberKelvin Zhi Hong Chan Aug 11, 2026 to now12
- Board memberKhai Meng Wong Aug 11, 2026 to now13
Timeline
- Sep 25, 2026New chief executive Muchun Zhu becomes CEO5
Filings
85 filings to the SEC since October 2021: 1 annual reports, 9 insider forms, 8 large holders, 67 other. The latest 20:
- Sep 30, 2026SCHEDULE 13D/A EDGAR
- Sep 25, 20264 EDGAR
- Sep 15, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 11, 2026S-8 REGISTRATION STATEMENT EDGAR
- Sep 10, 2026EFFECT EDGAR
- Aug 14, 2026F-3 REGISTRATION STATEMENT EDGAR
- Aug 11, 20263 EDGAR
- Aug 11, 20263 EDGAR
- Aug 11, 20263 EDGAR
- Aug 7, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 7, 2026424B4 PROSPECTUS EDGAR
- Jul 6, 2026EFFECT EDGAR
- Jun 18, 2026F-1/A REGISTRATION STATEMENT EDGAR
- Jun 8, 2026F-1 REGISTRATION STATEMENT EDGAR
- Jun 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jun 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 18, 2026DRS EDGAR
- May 12, 20266-K CURRENT REPORT EDGAR
The 85 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 25, 2026 | Zhu MuchunCEO and Chairman | Buy | 1,625,000 | $0.40 | $650.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Muchun ZhuSCHEDULE 13D/A, 2 filings Aug 26, 2025 to Sep 30, 202614
- Streeterville Capital LLCSCHEDULE 13G/A, 3 filings Sep 15, 2025 to May 1, 202615
- Jun LiSCHEDULE 13G, 1 filing Aug 26, 202516
- Luan ChenSCHEDULE 13G, 1 filing Aug 26, 202517
- Shoucheng LeiSCHEDULE 13G, 1 filing Aug 26, 202518
SEC filer profile
How Intercont (Cayman) Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARIntercont (Cayman) Ltd1
- CIK0002018529
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsJune 301
- Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address39 Ocean Drive, Singapore, 098187, Singapore1
- Phone(852) 3752 18021
- Shares outstanding26,675,001 shares as of Jun 30, 20254
- AuditorUHY LLP, New York, New York PCAOB ID 1195; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceApr 24, 20241
- Filings85 in all: 6-K (26), 3 (8), F-1/A (7), CORRESP (6), SCHEDULE 13G (6), UPLOAD (5), 424B4 (3), DRS (3)1
All 22 form types
EFFECT (3), F-1 (3), FWP (3), DRSLTR (2), 20-F (1), 4 (1), 424B3 (1), 8-A12B (1), CERT (1), DRS/A (1), F-3 (1), S-8 (1), SCHEDULE 13D/A (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (20-F) Oct 30, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, $0.0001 par value | NCT | Nasdaq |
From the cover page of the 20-F filed Oct 30, 2025 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5SEC EDGARMuchun Zhu, Chief executive officer
- 6
- 7SEC EDGARMuchun Zhu, Officer
- 8SEC EDGARMichael Schumann, Board member
- 9SEC EDGARYuanmei Ma, Board member
- 10SEC EDGARDahong Li, Board member
- 11SEC EDGARChee Wai Lee, Board member
- 12SEC EDGARKelvin Zhi Hong Chan, Board member
- 13SEC EDGARKhai Meng Wong, Board member
- 14
- 15
- 16
- 17
- 18