Ten-League Q2 rev. up 21.6% YoY to $29.6mln.

• Ten-League International Holdings reports Q2 revenue of S$37.7 million, up 21.6%. • Gross profit increases 67.7% to S$8.9 million. • Gross margin rises 6.5 percentage points to 23.5%. • Net income surges 268.9% to S$2.4 million. • Basic and diluted EPS at S$0.03. • Revenue and gross profit growth driven by digital data segment.

Singapore-based Ten-League International Holdings Limited (NASDAQ: TLIH) has released its unaudited financial results for the six months ended June 30, 2025, showcasing robust growth across key financial metrics. The company reported a significant increase in revenue, gross profit, and net income, driven by strong execution of growth initiatives and resilience across its core businesses.

Revenue for the period was S$37.7 million (US$29.6 million), representing a 21.6% increase from the same period last year. Gross profit surged 67.7% to S$8.9 million (US$7.0 million), while the gross margin improved by 6.5 percentage points to 23.5%. Net income soared 268.9% to S$2.4 million (US$1.9 million), demonstrating the company's ability to translate top-line growth into profitability.

The company's CEO, Mr. Jison Lim, attributed the strong performance to rising demand for heavy equipment and parts linked to major national infrastructure projects, including Changi Airport Terminal 5, Marina Bay Sands expansion, and the Cross-Island and Downtown MRT lines. These projects not only expanded market demand but also supported a healthier product mix and improved margins.

Rental income also grew 14.9%, driven by higher utilization and reduced reliance on third-party leasing. The company's gross profit margin for sales of heavy equipment and parts increased to 14.8%, up from 8.4% the previous year, primarily due to better product mix and margin. Gross profit margin for engineering consultancy services improved to 69.3%, up from 55.0% a year earlier, while rental income's gross profit margin rose to 60.1%, up from 49.8%.

General and administrative expenses increased to S$5.7 million (US$4.4 million), up from S$4.0 million the previous year. The company's cash position strengthened, with cash and cash equivalents increasing to S$5.2 million (US$4.1 million) as of June 30, 2025, compared to S$0.7 million as of December 31, 2024. Net cash provided by operating activities was S$10.0 million (US$7.9 million), compared to S$5.5 million the previous year.

Ten-League's strategic alignment with large-scale infrastructure opportunities, optimization of rental operations, and disciplined cost management have positioned the company for sustainable growth. With its successful Nasdaq listing, the company is well-positioned to deepen customer relationships, strengthen vendor partnerships, and enhance global market visibility.