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
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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.
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.
