Multi Ways Holdings Reports 87.65% Revenue Growth to $26.44 Million in H1 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2025
0mins
Should l Buy MWG?
Source: Benzinga
- Significant Revenue Growth: Multi Ways Holdings reported net revenue of $26.44 million for H1 2025, an 87.65% increase year-over-year, primarily driven by strong equipment sales linked to local infrastructure projects and secured orders from 2024, indicating robust market performance.
- Net Income Surge: The company’s net income skyrocketed 1,025% to $0.90 million, reflecting effective cost management amidst competitive pressures and rising input costs, showcasing resilience in its financial strategy.
- Improved Cash Flow: As of June 30, operating cash flow surged to $5.39 million from a negative $8.03 million a year earlier, indicating significant progress in financial management and operational efficiency.
- Optimistic Future Outlook: CEO James Lim expressed optimism for 2026, citing upcoming infrastructure projects like the Jurong Region Line and Cross Island Line, which are expected to further drive business growth and enhance market share.
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Analyst Views on MWG
About MWG
Multi Ways Holdings Limited is a holding company. The Company, through its subsidiaries, is primarily engaged in the sale and rental of heavy construction equipment in Singapore and the surrounding region. The Company offers a variety of new and used heavy construction equipment for sale and rental by its customers, ranging from earth-moving equipment such as bulldozers, off-terrain dump trucks, excavators and wheel loaders; material-handling equipment such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts and telescopic handlers; road-building equipment such as motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers and mini excavators, and generators and compressors, such as air compressors, generators, lighting towers and welding machines. It also offers services to its customers, such as servicing and maintenance services for heavy construction equipment, and customization of heavy construction equipment.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Earnings Growth: Multi Ways Holdings reported earnings per share of $0.03 for H1 2025, indicating an improvement in profitability and reflecting enhanced competitiveness in the market.
- Substantial Revenue Increase: The company achieved net revenue of $26.44 million in the first half, an 87.65% year-over-year increase, primarily driven by strong performance in equipment sales and ongoing local infrastructure projects, demonstrating successful market demand capture.
- Gross Profit Dynamics: Although gross profit rose from $4.66 million to $6.63 million, the gross margin declined to 25.08%, attributed to increased competition and rising input costs, highlighting challenges in cost management.
- Strong Stock Performance: As of now, Multi Ways Holdings' stock has surged 71% to $0.43, reflecting positive market sentiment towards its earnings growth, which may attract more investor interest.
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- Significant Revenue Growth: Multi Ways Holdings reported net revenue of $26.44 million for the first half of 2025, representing an impressive 87.65% increase from $14.09 million in the same period last year, indicating strong market demand and business expansion capabilities.
- Surge in Stock Price: Following the positive earnings report, the company's shares jumped 59.6% to $0.40 in pre-market trading, reflecting investor confidence in the company's future growth potential.
- Positive Market Reaction: The release of the financial results has significantly increased market attention on Multi Ways Holdings, which is expected to attract more investors to its future developments and strategic plans.
- Strategic Growth Outlook: The robust financial performance not only solidifies the company's position in the industry but also provides ample funding for future expansion and investments, potentially driving further increases in market share.
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- Significant Revenue Growth: Multi Ways Holdings reported net revenue of $26.44 million for the six months ended June 30, representing an impressive 87.65% increase from $14.09 million in the same period last year, indicating strong market performance and growth potential.
- Positive Market Reaction: Following the earnings announcement, Multi Ways Holdings' stock surged 62.86%, reflecting investor confidence and optimism regarding the company's future prospects and performance.
- Clear Strategic Positioning: The company's revenue growth and expansion in Singapore highlight its strategic focus on the Asia-Pacific market, aiming to enhance competitiveness through ongoing market penetration and innovation.
- Increased Investor Confidence: With the significant improvement in performance, the company is expected to attract more investor attention, further driving stock price appreciation and strengthening its market position.
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