Multi Ways Holdings surged 82.77% in premarket trading following the release of its first-half 2025 financial results, which showed an 87.65% year-on-year revenue increase to $26.44 million and a 1,025% rise in net income to $0.90 million. The company attributed the growth to strong equipment sales driven by ongoing infrastructure projects in Singapore, including Changi Airport Terminal 5 and the Jurong Region Line, as well as aggressive marketing and prior order conversions. Despite margin pressures from competitive pricing and input costs, management highlighted optimism about 2026 growth prospects tied to new infrastructure developments. The report also noted improved operating cash flow of $5.39 million and a strategic focus on cost optimization, reinforcing investor confidence in the firm’s long-term positioning in the construction equipment sector.
Comments
No comments yet