Overview
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- TickerVNTG on NYSE1
- IndustryArrangement of Transportation of Freight & Cargo1
- Business address#05-06, Level 5, 51 Cuppage Road, Singapore, U0 2294693
- Filer categoryNon-accelerated filer, Emerging growth company3
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Shipbrokers Pte. Ltd. was founded in 2012, a collective vision of five seasoned shipbrokers to provide exceptional shipbroking services.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 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Freight Commission brought in 76% of the revenue Vantage Corp (Singapore) broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| Freight Commission | $16.5M | $13.7M | $13.5M |
| Time Charter Commission | $1.5M | $2.7M | $3.0M |
| Demurrage Commission | $1.6M | $1.4M | $1.2M |
| Deviation and Other Commission | $409.3K | $320.0K | $153.8K |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue58¢$10.4M
- Other costs41¢$7.3M
- Income tax1¢$155.7K
Out of $17.8M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Revenue | $17.8M | $18.7M | $20.0M |
| Cost of Revenue | -$10.4M | -$10.0M | -$10.6M |
| Gross Profit | $7.4M | $8.6M | $9.4M |
| Selling and Marketing Expenses | $1.5M | $1.1M | $1.1M |
| Depreciation and Amortization | $598.5K | $272.7K | $175.5K |
| General and Administrative Expenses | $6.2M | $2.8M | $2.4M |
| Total Operating Expenses | $8.2M | $4.2M | $3.6M |
| Income (Loss) from Operations | -$834.1K | $4.4M | $5.8M |
| Government Grants | $19.9K | $16.1K | $20.9K |
| Other Income | $9.1K | $251.9K | $150.7K |
| Interest Expense | -$355.9K | -$12.3K | -$9.3K |
| Total Other Income (Expense) | -$326.8K | $255.6K | $162.3K |
| Income (Loss) before Tax Expense | -$1.2M | $4.7M | $6.0M |
| Income Tax Expense | -$155.7K | -$825.9K | -$1.0M |
| Net Income (Loss) for the Year | -$1.3M | $3.8M | $5.0M |
| Foreign currency translation adjustment, net of tax | $392 | -$26.5K | -$285 |
| Comprehensive Income (Loss) | -$1.3M | $3.8M | $5.0M |
| Less: Comprehensive income attributable to non-controlling interests | $71.1K | ||
| Total Comprehensive Income (Loss) attributable to Vantage Corp Shareholders | -$1.4M | $3.8M | $5.0M |
| Basic | -$0.04 | $0.14 | $0.17 |
| Diluted | -$0.04 | $0.14 | $0.17 |
| Basic | 31.0M shares | 28.0M shares | 28.0M shares |
| Diluted | 31.0M shares | 28.0M shares | 28.0M 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 | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and Cash Equivalents | $8.9M | $5.9M | ||
| Accounts Receivable, Net | $5.6M | $3.8M | ||
| Prepaid Expenses and Other Current Assets, Net | $1.2M | $1.2M | ||
| Total Current Assets | $15.7M | $10.9M | ||
| Plant and Equipment, Net | $201.1K | $108.7K | ||
| Right-of-Use Assets | $972.2K | $142.5K | ||
| Goodwill | $2.9M | |||
| Intangible Assets, Net | $1.3M | |||
| Prepaid Expenses and Other Non-Current Assets, Net | $1.8M | |||
| Total Non-Current Assets | $7.1M | $251.3K | ||
| TOTAL ASSETS | $22.8M | $11.2M | ||
| Lease Payable Current | $462.5K | $144.7K | ||
| Accounts Payable | $211.0K | $46.2K | ||
| Accruals and Other Current Liabilities | $6.1M | $3.9M | ||
| Dividend Payable | $3.5M | $5.1M | ||
| Income Tax Payable | $243.1K | $853.0K | ||
| Total Current Liabilities | $10.6M | $10.0M | ||
| Lease Payable Non-Current | $527.8K | $981 | ||
| Deferred Tax Liabilities | $225.8K | $1.3K | ||
| Dividend Payable | $1.5M | $1.5M | ||
| Total Non-Current Liabilities | $2.3M | $1.5M | ||
| TOTAL LIABILITIES | $12.9M | $11.5M | ||
| Treasury shares, at cost, nil shares as of March 31, 2025 and 754,379 Class A ordinary shares as of March 31, 2026 | -$749.4K | |||
| Additional paid-in capital | $11.3M | |||
| Accumulated Deficit | -$2.3M | -$866.0K | ||
| Merger Reserve | $504.5K | $504.5K | ||
| Accumulated Other Comprehensive Loss | -$26.4K | -$26.8K | ||
| Total Equity Attributable to Vantage Corp Shareholders | $8.8M | -$360.2K | ||
| Non-Controlling Interest | $1.1M | |||
| Total Shareholders Equity | $9.9M | -$360.2K | $7.6M | $9.8M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $22.8M | $11.2M |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and Cash Equivalents | $8.9M | $5.9M | ||
| Accounts Receivable, Net | $5.6M | $3.8M | ||
| Prepaid Expenses and Other Current Assets, Net | $1.2M | $1.2M | ||
| Total Current Assets | $15.7M | $10.9M | ||
| Plant and Equipment, Net | $201.1K | $108.7K | ||
| Right-of-Use Assets | $972.2K | $142.5K | ||
| Goodwill | $2.9M | |||
| Intangible Assets, Net | $1.3M | |||
| Prepaid Expenses and Other Non-Current Assets, Net | $1.8M | |||
| Total Non-Current Assets | $7.1M | $251.3K | ||
| TOTAL ASSETS | $22.8M | $11.2M | ||
| Lease Payable Current | $462.5K | $144.7K | ||
| Accounts Payable | $211.0K | $46.2K | ||
| Accruals and Other Current Liabilities | $6.1M | $3.9M | ||
| Dividend Payable | $3.5M | $5.1M | ||
| Income Tax Payable | $243.1K | $853.0K | ||
| Total Current Liabilities | $10.6M | $10.0M | ||
| Lease Payable Non-Current | $527.8K | $981 | ||
| Deferred Tax Liabilities | $225.8K | $1.3K | ||
| Dividend Payable | $1.5M | $1.5M | ||
| Total Non-Current Liabilities | $2.3M | $1.5M | ||
| TOTAL LIABILITIES | $12.9M | $11.5M | ||
| Treasury shares, at cost, nil shares as of March 31, 2025 and 754,379 Class A ordinary shares as of March 31, 2026 | -$749.4K | |||
| Additional paid-in capital | $11.3M | |||
| Accumulated Deficit | -$2.3M | -$866.0K | ||
| Merger Reserve | $504.5K | $504.5K | ||
| Accumulated Other Comprehensive Loss | -$26.4K | -$26.8K | ||
| Total Equity Attributable to Vantage Corp Shareholders | $8.8M | -$360.2K | ||
| Non-Controlling Interest | $1.1M | |||
| Total Shareholders Equity | $9.9M | -$360.2K | $7.6M | $9.8M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $22.8M | $11.2M |
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 | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net Income (Loss) | -$1.3M | $3.8M | $5.0M |
| Depreciation and Amortization | $598.5K | $272.7K | $175.5K |
| Reversal of Allowance for Credit Loss on Accounts Receivable | -$123.7K | -$131.6K | -$153.9K |
| Property and Equipment Written Off | $28.3K | ||
| Gain on Derecognition of Operating Lease Right-of-Use Asset | -$1.4K | ||
| Interest Expense Deferred Consideration | $304.8K | ||
| Allowance for Expected Credit Loss on Accounts Receivable | $371.3K | $99.3K | $236.9K |
| Unrealised Foreign Exchange (Gain) / Loss | -$6.6K | -$631 | |
| Accounts Receivable | -$1.2M | $1.0M | -$38.0K |
| Prepaid Expenses and Other Current Assets | -$1.8M | -$1.0M | -$145.6K |
| Accounts Payable | $5.5K | -$154.3K | $171.6K |
| Accruals and Other Current Liabilities | -$186.9K | -$1.6M | -$5.0M |
| Operating Lease Right-of-Use Assets and Lease Liabilities, net | -$430.7K | -$214.7K | -$160.3K |
| Income Tax Payable | -$662.5K | -$198.9K | -$178.0K |
| Net Cash (Used in) Provided by Operating Activities | -$4.4M | $1.9M | -$173.3K |
| Purchases of Plant and Equipment | -$213.4K | -$126.5K | -$36.9K |
| Cash paid for Business Acquisitions, Net of Cash Acquired | -$783.7K | ||
| Net Cash Used in Investing Activities | -$997.2K | -$126.5K | -$36.9K |
| Dividend Paid | -$2.2M | -$11.4M | -$2.1M |
| Repayment to a Director | -$513.2K | -$34.7K | |
| Deferred IPO costs | -$501.8K | -$213.9K | |
| Repurchase of Treasury Shares | -$749.4K | ||
| Proceeds from Issuance of Ordinary Shares | $11.3M | $12.0K | $136.1K |
| Net Cash (Used in) Provided by Financing Activities | $8.4M | -$12.4M | -$2.2M |
| Net Change in Cash and Cash Equivalents | $2.9M | -$10.7M | -$2.4M |
| Effects on Currency Translation on Cash and Cash Equivalents | $392 | $257 | -$285 |
| Cash Paid for Taxes | -$876.3K | -$1.0M | -$1.2M |
No quarter-by-quarter statement was filed.
What it owns
What Vantage Corp (Singapore) 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 |
|---|---|---|---|
| Property and equipment, before depreciation | $526.2K2 Mar 31, 2026 | $487.0K2 Mar 31, 2025 | +8.0% |
| Accumulated depreciation | $325.0K2 Mar 31, 2026 | $378.2K2 Mar 31, 2025 | −14.1% |
| Property and equipment, net | $201.1K2 Mar 31, 2026 | $108.7K2 Mar 31, 2025 | +85.0% |
| Operating-lease assets (leased space) | $972.2K2 Mar 31, 2026 | $142.5K2 Mar 31, 2025 | +582.1% |
Investments
Intangibles and goodwill
Filings
48 filings to the SEC since October 2021: 3 annual reports, 45 other. The latest 20:
- Sep 28, 202620-F/A EDGAR
- Sep 21, 20266-K EDGAR
- Jul 27, 202620-F EDGAR
- Jul 27, 20266-K EDGAR
- Jul 21, 20266-K EDGAR
- Jul 8, 20266-K EDGAR
- Mar 24, 20266-K EDGAR
- Mar 11, 20266-K EDGAR
- Feb 4, 20266-K EDGAR
- Jan 26, 20266-K EDGAR
- Jan 20, 20266-K EDGAR
- Jan 5, 20266-K EDGAR
- Dec 10, 20256-K EDGAR
- Nov 5, 20256-K EDGAR
- Jul 28, 202520-F EDGAR
- Jun 18, 20256-K EDGAR
- Jun 13, 20256-K EDGAR
- Jun 13, 2025424B4 EDGAR
- Jun 11, 2025EFFECT EDGAR
- Jun 11, 20258-A12B EDGAR
The 48 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.
SEC filer profile
How Vantage Corp (Singapore) is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARVantage Corp (Singapore)1
- CIK0002027160
- Filer statusNon-accelerated filer an emerging growth company; a shell company4
- Incorporated inCayman Islands4
- Industry code (SIC)4731 Arrangement of Transportation of Freight & Cargo1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address#05-06, Level 5, 51 Cuppage Road, Singapore, U0 2294691
- Phone65 6737 22211
- Shares outstanding30,983,121 shares as of Mar 31, 20264
- AuditorAudit Alliance LLP, Singapore PCAOB ID 3487; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJun 25, 20241
- Filings48 in all: 6-K (14), F-1/A (8), CORRESP (7), UPLOAD (6), 20-F (2), FWP (2), 20-F/A (1), 424B4 (1)1
All 15 form types
8-A12B (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), EFFECT (1), F-1 (1)
- Latest filingsAnnual report (20-F) Jul 27, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Ordinary Shares, par value US$0.001 per share | VNTG | NYSE American LLC |
From the cover page of the 20-F filed Jul 27, 2026 (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.
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