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Ten-League International Holdings Limited Reports Unaudited Financial Results for the First Six Months of Fiscal Year 2025
Globenewswire· 2025-09-30 12:00
Core Insights - Ten-League International Holdings Limited reported strong financial performance for the first half of fiscal year 2025, with a revenue increase of 21.6% to S$37.7 million (US$29.6 million) driven by demand for heavy equipment linked to major infrastructure projects [3][4] - The company achieved a gross profit of S$8.9 million (US$7.0 million), a 67.7% increase from the previous year, and net income surged 268.9% to S$2.4 million (US$1.9 million) [5][12] - The successful execution of growth initiatives and a focus on large-scale infrastructure opportunities have positioned the company for sustainable growth and long-term value creation [3][19] Financial Performance - Total revenues for the six months ended June 30, 2025, were S$37.7 million (US$29.6 million), up from S$31.0 million for the same period last year [4][5] - Gross profit increased to S$8.9 million (US$7.0 million), with a gross margin of 23.5%, up from 17.0% a year earlier [5][8] - Net income reached S$2.4 million (US$1.9 million), compared to S$0.6 million for the same period last year, reflecting a strong conversion of revenue growth into profitability [12][26] Revenue Breakdown - Sales of heavy equipment and parts accounted for S$30.7 million (US$24.1 million), a 24.6% increase from S$24.7 million last year, driven by projects like Changi Airport Terminal 5 and Marina Bay Sands expansion [6] - Rental income rose 14.9% to S$5.9 million (US$4.6 million), attributed to higher utilization rates [6] - Engineering consultancy service income decreased by 9.4% to S$1.1 million (US$0.9 million) due to the completion of projects in the previous year [6] Cost and Expenses - Cost of revenue was S$28.8 million (US$22.7 million), an increase of 12.2% from S$25.7 million last year [7] - General and administrative expenses rose to S$5.7 million (US$4.4 million) from S$4.0 million in the previous year [10] - Selling and distribution expenses remained stable at S$0.3 million (US$0.2 million) [9] Cash Flow and Financial Condition - As of June 30, 2025, cash and cash equivalents increased to S$5.2 million (US$4.1 million) from S$0.7 million at the end of 2024 [14] - Net cash provided by operating activities was S$10.0 million (US$7.9 million), compared to S$5.5 million for the same period last year [14] - Net cash used in financing activities was S$5.7 million (US$4.5 million), up from S$1.6 million in the previous year [17] Strategic Outlook - The company aims to deepen customer relationships and strengthen vendor partnerships following its Nasdaq listing [3] - The focus on aligning with large-scale infrastructure opportunities and optimizing rental operations is expected to support sustainable growth [3][19]
Ten-League International Holdings Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Globenewswire· 2025-09-12 20:30
Core Points - Ten-League International Holdings Limited received a deficiency letter from Nasdaq due to its ordinary shares not meeting the minimum bid price requirement of $1.00 per share over a 30-day period [1][2] - The company has a compliance period of 180 calendar days, until March 9, 2026, to regain compliance by achieving a closing bid price of $1.00 for at least 10 consecutive business days [2][3] - If compliance is not regained within the initial period, the company may be eligible for an additional 180-day compliance period under certain conditions [3][4] Company Overview - Ten-League International Holdings Limited is based in Singapore and provides turnkey project solutions, primarily in heavy equipment sales, rental, and engineering consultancy services for various industries [6] - The company's equipment is categorized into four types: foundation equipment, hoist equipment, excavation equipment, and port machinery [6] - The mission of the company is to deliver high-quality equipment and engineering solutions while continuously adapting to new technologies [6]
Ten-League International Holdings Ltd(TLIH) - Prospectus(update)
2025-03-27 14:19
As filed with the Securities and Exchange Commission on March 27, 2025 UNDER THE SECURITIES ACT OF 1933 Ten-League International Holdings Limited (Exact name of registrant as specified in its charter) Not Applicable Registration No. 333-275240 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 11 to FORM F-1 REGISTRATION STATEMENT (Translation of Registrants name into English) (Primary Standard Industrial Classification Code Number) Cayman Islands 5080 Not Applicable (I.R. ...
Ten-League International Holdings Ltd(TLIH) - Prospectus(update)
2024-10-18 10:15
As filed with the Securities and Exchange Commission on October 17, 2024 Registration No. 333-275240 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 7 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Ten-League International Holdings Limited (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrants name into English) (State or Other Jurisdiction of Incorporation or Organization) Cayman Islands 5080 Not Applicabl ...
Ten-League International Holdings Ltd(TLIH) - Prospectus(update)
2023-11-17 21:16
As filed with the Securities and Exchange Commission on November 17, 2023 Registration No. 333-275240 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 1 to FORM F-1 +65 6862 0769 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Ten-League International Holdings Limited (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrants name into English) (State or Other Jurisdiction of Incorporation or Organization) Cayman Islands 508 ...
Ten-League International Holdings Ltd(TLIH) - Prospectus
2023-11-01 00:47
As filed with the Securities and Exchange Commission on October 31, 2023 Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Ten-League International Holdings Limited (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrants name into English) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) c/o 16 Gul Drive S ...