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Davis Commodities Limited Ordinary Shares

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Davis Commodities Limited Ordinary Shares • NASDAQ
$0.50 ▲ 4.38% (+0.02)
Market Cap $12.27 M
52w High $6.89
52w Low $0.40
Dividend Yield 0%
P/E -3.58
Volume 304.45K
Outstanding Shares 24.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $49.392M ▼ $3.198M ▲ $-3.667M ▼ -7.425% ▼ $-0.15 ▼ $-3.684M ▼
Q2-2024 $49.645M ▼ $1.325M ▼ $990.28K ▲ 1.995% ▲ $0.04 ▲ $1.309M ▲
Q4-2023 $68.864M ▼ $2.843M ▲ $-640.783K ▼ -0.931% ▼ $-0.026 ▼ $-720.792K ▼
Q2-2023 $73.158M ▼ $1.53M ▼ $1.46M ▼ 1.996% ▼ $0.063 ▼ $1.781M ▼
Q4-2022 $76.128M $1.545M $2.473M 3.249% $0.1 $3.012M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $678K ▼ $19.688M ▼ $12.961M ▼ $6.727M ▼
Q2-2024 $1.363M ▲ $28.708M ▼ $17.116M ▼ $11.592M ▲
Q4-2023 $1.33M ▼ $29.878M ▼ $19.62M ▼ $10.258M ▲
Q2-2023 $2.509M ▼ $32.737M ▲ $24.766M ▲ $7.971M ▲
Q4-2022 $2.54M $17.901M $11.888M $6.013M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-3.667M ▼ $-779.963K ▼ $-59.123 ▲ $263.81K ▲ $-508.724K ▼ $-780.02K ▼
Q2-2024 $990.28K ▲ $132.136K ▼ $-3.711K ▼ $-103.927K ▲ $-2.545K ▲ $128.42K ▼
Q4-2023 $-640.783K ▼ $1.325M ▲ $4.471K ▲ $-2.203M ▼ $-845.655K ▼ $1.33M ▲
Q2-2023 $1.46M ▼ $59.116K ▲ $-223.745K ▼ $141.431K ▲ $-39.908K ▲ $-164.629K ▲
Q4-2022 $2.473M $-1.755M $-4.925K $-40.683K $-1.762M $-1.76M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been modest and fairly flat over the past several years, with a small dip recently after a short period of growth. Profitability looks thin: gross profit exists but is narrow, and operating income has been only slightly positive in the better years. The recent swing into a loss at the earnings-per-share level suggests that even small changes in costs, pricing, or volumes can have a noticeable impact on results. Overall, the income statement paints a picture of a low-margin trading business that is not yet showing clear, consistent earnings strength.

Balance Sheet

Balance Sheet The balance sheet is very small and simple. Assets and equity are modest, and the company carries essentially no financial debt, which reduces balance sheet risk but also signals limited scale. Cash levels have not been meaningfully building, so there is not a large financial cushion to fund aggressive expansion purely from the balance sheet. In short, the company looks lean and relatively unlevered, but also financially compact, with little excess capital visible.

Cash Flow

Cash Flow Reported operating cash flow, investment spending, and free cash flow all appear very muted, likely due to the company’s small size and the rounding in the data. This makes it hard to judge the true quality of cash generation, but it does suggest that the business is not yet producing strong, clearly visible cash surpluses. The lack of heavy capital spending is consistent with an asset-light trading model, but it also means growth will probably depend on working capital efficiency, external partnerships, or future capital raises rather than big internal cash flows.

Competitive Edge

Competitive Edge Today, Davis Commodities competes as a traditional, asset-light agricultural trader focused on sugar, rice, and oils, primarily across Asia, Africa, and the Middle East. Its advantages come from long-standing relationships, local market knowledge, and the ability to manage logistics and sourcing in a “one-stop” fashion for customers. However, it operates in a highly competitive, low-margin global commodity space where larger, better-capitalized traders and local specialists can exert strong pressure on pricing and volumes. The company’s current moat is more relationship- and service-based than structural, and will likely need reinforcement as the business scales or shifts direction.

Innovation and R&D

Innovation and R&D Strategically, the company is trying to reinvent itself as a tech-enabled commodities player. Its plans include tokenizing real-world agricultural assets, building an AI-driven trading and arbitrage platform, creating a digital commodity treasury, and linking physical trade flows to a “real yield” token system. It is also exploring blockchain-based traceability for ESG-certified products and carbon credit trading, plus a move into fast-moving consumer goods. These initiatives are largely at the planning or early development stage, so execution risk is high. If delivered, they could meaningfully differentiate the company, but for now they remain potential upside rather than proven contributors to revenue or profit.

Summary

Davis Commodities sits at an interesting crossroads: the historical business is a small, low-margin agricultural trader with limited scale, thin profitability, and a lean balance sheet, while the future strategy is highly ambitious, centered on blockchain, tokenization, AI, and ESG-linked products. The financials so far show a modest operation without strong or consistent earnings or cash flow, suggesting limited room for missteps. On the other hand, the innovation roadmap, if executed well and supported by the right partners and regulators, could reposition the company from a traditional trader into a more scalable, tech-driven platform. The overall picture is one of transition: a conventional core business providing a base, with a high-uncertainty, high-potential technology overlay that has yet to be proven in practice.

NEWS

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November 3, 2025 · 12:15 PM UTC

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October 17, 2025 · 11:30 AM UTC

Davis Commodities Evaluates USD 500 Million+ ESG Agri-Trade Expansion Across Asia and Africa

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October 2, 2025 · 12:15 PM UTC

Davis Commodities Reviews $2.5 Billion Digital Commodity Treasury Model to Power Next-Generation ESG Trade Finance

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