Intercont (Cayman) Limited

Intercont (Cayman) Limited provides global maritime shipping services through its Shipping Subsidiaries in Hong Kong. The business consists of two revenue streams, time chartering and vessel management services, and generated revenues of US$25.4 million, US$25.1 million and US$25.5 million in the fiscal years ended June 30, 2026, 2025 and 2024, respectively, which constitute 100% of the Group's revenue in the past three fiscal years. The Group recorded a net loss of $10.7 million for fiscal year 2026 and net income of $3.1 million and $3.1 million for fiscal years 2025 and 2024, respectively. Time charter revenue amounted to approximately US$16.9 million, US$19.3 million and US$19.6 million, and vessel management services revenue amounted to approximately US$8.5 million, US$5.8 million and US$5.9 million, for the fiscal years ended June 30, 2026, 2025 and 2024, respectively. In time chartering, Top Moral owns a vessel and leases it to charterers. Top Creation leased a vessel from Zhejiang Shipping (Hongkong) Co. Ltd., and each of Top Legend and Max Bright leased a vessel from a related party of the Group. Each of Top Creation, Top Legend, and Max Bright in turn charters the leased vessels to other short time charterers. The Group plans to operate its seaborne pulping business through Openwindow and build it upon its global maritime shipping operations, using a combination of self-owned factory ships and partnership with other shipowners for leased-in factory ships, subject to the external economic environment and market conditions.