Multi Ways Holdings shares surge 49.43% premarket after reporting 88% H1 revenue growth driven by strong equipment sales and infrastructure projects.

Multi Ways Holdings (MWG) surged 49.43% in premarket trading following the release of its first half 2025 unaudited financial results, which revealed an 87.65% year-on-year revenue increase to $26.44 million and a net income of $0.90 million, up from $0.08 million. The company attributed the growth to strong equipment sales driven by ongoing infrastructure projects, prior order conversions, and aggressive marketing. Management also highlighted optimism for 2026, citing major projects like Changi Airport Terminal 5 and the Jurong Region Line as growth catalysts. Despite a decline in gross profit margin due to competitive pressures and input costs, the company emphasized cost-management initiatives and operational efficiencies to enhance profitability. The premarket rally reflects investor confidence in the company’s strategic positioning amid Singapore’s infrastructure expansion.