Singularity Future Technology Ltd.

Listed Company

SGLYCIK 0001422892NasdaqNon-AcceleratedSmaller ReportingArrangement Of Transportation Of Freight & CargoFY ends Jun 30

Period

FY 2025

Revenue

$1.81M

Net Income

$-3.91M

Total Assets

$18.23M

Equity

$12.47M

Shares Out

7.29M

Op. Cash Flow

$-2.70M

Business

Singularity Future Technology Ltd. is a global logistics integrated solution provider that provides freight logistics services and has expanded into digital assets and new energy initiatives. It offers shipping agency services, transportation, warehousing, collection, last-mile delivery, drop shipping, customs clearance and overseas transit delivery, and related smart warehouse services. The company operates through subsidiaries and joint ventures, including Trans Pacific Shipping Ltd., Trans Pacific Logistic Shanghai, Gorgeous Trading Ltd., and Brilliant Warehouse Service Inc., among others. Its operations and services are conducted principally in China, the United States and Hong Kong through B2B channels serving industrial customers such as steel companies.

Summary from filing dated 2025-10-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net revenues	2	3	5	4	5
Cost of revenues	−2	−4	−4	−4	−5
Gross profit (loss)	51,399	−478,266	548,069	−148,059	176,638
Selling expenses	−245,077	−252,278	−232,569	−385,890	−297,906
General and administrative expenses	−3	−5	−12	−9	−6
Impairment loss of cryptocurrencies	—	−72,179	—	—	—
Allowance for credit losses, net	—	−87,629	−3	—	—
Total operating expenses	−3	−5	−15	−23	−11
Operating loss	−3	−6	−15	−23	−11
Gain from disposal of subsidiary and VIE	—	359,781	−42,191	−6	—
Interest income	135,176	—	—	—	—
Interest expenses	−146,370	—	—	—	—
Judgment debt expenses	−638,586	—	—	—	—
Other income, net	77,236	90,649	—	—	—
Net loss before income tax expenses	−3	−5	−23	−29	−11
Income tax expense	−30,230	—	−135,855	—	−3,450
Net loss	−3	−6	−23	−29	—
Net income (loss) attributable to non-controlling interest	597,948	−363,246	−101,496	−670,539	−402,685
Net loss attributable to controlling shareholders of the Company.	−4	−5	−23	−28	−11
Other comprehensive (loss) income - foreign currency	−756,186	93,999	66,942	801,065	−115,651
Comprehensive loss	−4	−5	−23	−28	−11
Less: Comprehensive loss attributable to non-controlling interest	132,966	−338,283	−79,051	−644,309	−873,270
Comprehensive loss attributable to controlling shareholders of the Company.	−4	−5	−23	−27	−11
Basic (in Dollars per share)	−1.06	−2.05	−1.09	−1.58	—
Diluted (in Dollars per share)	−1.06	−2.05	−1.09	−1.58	−1.26
Basic (in Shares)	4	2	21	18	9
Diluted (in Shares)	4	2	21	18	9

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash	15	15	—	—	—
Restricted cash	3	3	—	—	—
Notes receivable	32,548	—	—	—	—
Accounts receivable, net	396,744	267,165	198,553	108,381	113,242
Other receivables, net	—	612	76,814	25,057	2,558
Prepaid expenses	52,068	243,636	—	—	—
Total current assets	18	18	18	63	47
Property and equipment, net	—	183,639	426,343	548,956	757,257
Right-of-use assets	84,370	98,327	381,982	732,744	417,570
Other long-term assets - deposits	10,192	198,550	236,766	237,749	—
Total non-current assets	94,562	480,516	—	—	—
Total Assets	18	19	19	65	48
Loans from third parties	999,940	—	—	—	—
Deferred revenue	—	66,423	66,531	—	—
Accounts payable	701,080	566,770	494,329	—	—
Lease liabilities - current	53,286	177,263	330,861	471,976	192,044
Taxes payable	3	3	3	3	4
Judgment debt payable	488,586	—	—	—	—
Accrued expenses and other current liabilities	1	1	636,694	—	—
Total current liabilities	7	5	5	25	5
Loans from third parties	466,321	—	—	—	—
Lease liabilities - non-current	31,084	131,355	245,171	846,871	237,956
Total non-current liabilities	497,405	131,355	—	—	—
Total liabilities	8	5	10	31	6
Commitments and Contingencies	—	—	—	—	—
Preferred share, 2,000,000 shares authorized, no par value, no shares issued and outstanding as of June 30, 2025 and 2024, respectively	—	—	—	—	—
Common share, 50,000,000 shares authorized, no par value; 4,203,492 and 3,503,492 shares issued and outstanding as of June 30, 2025 and 2024, respectively	105	104	94	96	83
Additional paid-in capital	2	2	2	2	2
Accumulated deficits	−95	−91	−86	−63	−34
Accumulated other comprehensive (loss) income	−596,914	159,272	90,236	45,739	−729,096
Total Shareholders Equity attributable to controlling shareholders of the Company	12	16	11	36	50
Non-controlling Interest	−2	−3	−2	−2	−7
Total Equity	10	13	9	34	42
Total Liabilities and Equity	18	19	19	65	48

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	48,871	132,195	164,348	—	—
Non-cash lease expense	26,044	284,299	351,005	611,022	—
Property and equipment written off	133,765	69,338	−12,926	—	—
Interest expenses related to convertible note	—	21,917	—	—	—
Notes receivable	−32,320	—	—	—	—
Accounts receivable	−125,256	−27,340	28,362	−39,669	−84,757
Other receivables	614	180,766	228,593	1	−302,567
Advances to suppliers - third parties	−1,025	133,429	6	−34	—
Prepaid expenses and other current assets	192,668	8,412	113,866	−24,463	−251,065
Other long-term assets - deposits	188,789	−11,143	418	−123,869	−224,596
Due from related parties	293,861	—	−96,941	543,321	−830,889
Deferred revenue	−66,747	−1,715	−7	—	—
Accounts payable	62,704	57,777	−10,948	—	73,170
Taxes payable	−1,605	−118,585	−114,845	94,393	190,995
Lease liabilities	−236,335	−268,059	−564,813	—	—
Judgment debt payable	488,586	—	—	—	—
Accrued expenses and other current liabilities	−350,765	801,765	−131,843	—	—
Net cash used in operating activities	−3	−4	−34	6	−9
Acquisition of property and equipment	—	−589	−35,588	−874,518	−2
Repayment from related parties	—	76,169	283,771	—	—
Net cash provided by investing activities	—	75,580	−2	−4	−2
Proceeds from issuance of common shares	1	10	—	11	53
Payment of accrued interest related to convertible notes	—	−403,424	—	—	—
Repayment of convertible notes	—	−5	—	−5	—
Proceeds from third parties loans	2	—	—	—	—
Repayment of third parties loans	−600,000	—	—	—	—
Net cash provided by financing activities	3	4	−2	8	54
Net (decrease) increase in cash	−85,421	123,465	−38	—	—
Effect of changes of foreign exchange rate on cash and restricted cash	1,258	222,438	−448,593	—	—
Income taxes paid	30,230	—	—	—	—
Interest paid	41,914	—	—	2,404	967
Initial recognition of right-of-use assets and lease liabilities	109,820	—	—	—	—

Filings

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