NCEW Balance Sheet

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

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Equivalents	0.65	0.66	0.29	2.49	1.94
Short-Term Investments	-	-	0.31	0.43	0.47
Cash & Short-Term Investments	0.65	0.66	0.6	2.92	2.41
Cash Growth	-2.03%	10.53%	-79.58%	21.00%	-
Accounts Receivable	11.77	13.24	11.46	10.72	13.23
Other Receivables	-	0.08	-	4.07	6.14
Receivables	11.77	13.58	11.68	16.45	21.88
Prepaid Expenses	0.28	0.09	0.02	-	-
Restricted Cash	0.32	-	-	-	-
Other Current Assets	0.18	2.76	1.5	-	-
Total Current Assets	13.19	17.08	13.8	19.37	24.29
Property, Plant & Equipment	0.63	1.2	1.88	3.17	1.34
Long-Term Deferred Tax Assets	0.19	0.17	0.12	0.12	0.09
Other Long-Term Assets	0.51	-	-	-	-
Total Assets	14.53	18.45	15.8	22.65	25.73
Accounts Payable	5.28	6.55	3.92	4.49	7.73
Accrued Expenses	0.33	0.12	0.63	-	0.21
Short-Term Debt	0.72	3.02	1.87	-	-
Current Portion of Long-Term Debt	1.92	0.9	1.28	1.5	1.67
Current Portion of Leases	0.25	0.63	1.18	1.13	0.66
Current Income Taxes Payable	0.43	0.46	0.37	2.29	1.87
Other Current Liabilities	0.05	0.05	0.07	0.08	-
Total Current Liabilities	8.98	11.72	9.32	9.49	12.13
Long-Term Debt	-	-	-	-	0.22
Long-Term Leases	0.32	0.52	0.49	1.64	0.55
Total Liabilities	9.3	12.24	9.81	11.13	12.9
Additional Paid-In Capital	9.91	0.15	0.15	0.15	0.15
Retained Earnings	-4.62	6.06	5.83	11.37	12.67
Total Common Equity	5.29	6.21	5.99	11.53	12.83
Minority Interest	-0.06	-	-	-	-
Shareholders' Equity	5.23	6.21	5.99	11.53	12.83
Total Liabilities & Equity	14.53	18.45	15.8	22.65	25.73
Total Debt	3.21	5.07	4.82	4.27	3.1
Net Cash (Debt)	-2.56	-4.41	-4.22	-1.35	-0.68
Net Cash Per Share	-0.89	-1.76	-1.69	-0.54	-0.27
Filing Date Shares Outstanding	3.2	2.69	2.5	2.5	2.5
Total Common Shares Outstanding	3.2	2.5	2.5	2.5	2.5
Working Capital	4.21	5.36	4.48	9.88	12.16
Book Value Per Share	1.65	2.48	2.40	4.61	5.13
Tangible Book Value	5.29	6.21	5.99	11.53	12.83
Tangible Book Value Per Share	1.65	2.48	2.40	4.61	5.13
Machinery	0.43	0.55	0.55	0.55	0.51
Leasehold Improvements	0.86	0.8	0.8	0.8	0.38

Source: S&P Capital IQ. Standard template. Financial Sources.