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TLIH

Ten-League International Holdings Limited Ordinary Shares

TLIH

Ten-League International Holdings Limited Ordinary Shares • NASDAQ
$0.36 ▲ 7.21% (+0.02)
Market Cap $10.54 M
52w High $7.00
52w Low $0.31
Dividend Yield 0%
P/E 3.98
Volume 46.94K
Outstanding Shares 29.40M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $686K ▼ $71.047M ▲ $64.829M ▲ $6.218M ▲
Q2-2024 $2.294M ▼ $64.229M ▼ $59.249M ▼ $4.98M ▲
Q4-2023 $2.34M $65.744M $61.41M $4.334M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement The business is still very small and operates close to break-even. Revenue has inched up over time but remains modest and fairly flat, suggesting the company is still in an early scaling phase rather than in full growth mode. Profitability has been thin and somewhat uneven, with some years showing a small profit and others essentially just breaking even. This pattern points to a company that is investing to build its position and capabilities, but that has not yet translated those efforts into consistently strong earnings.

Balance Sheet

Balance Sheet The balance sheet looks light and a bit fragile. Total assets are modest and have grown gradually, but cash on hand is very limited. Debt makes up a meaningful share of the funding mix, while equity has been quite thin, only recovering slightly in the most recent year. This combination suggests limited financial cushion and a reliance on borrowing or external capital to support operations and investment. It also means the company has less room to absorb setbacks without raising more funds or tightening spending.

Cash Flow

Cash Flow Cash generation is uneven. Operating cash flow has flipped between small inflows and outflows, indicating that the underlying business is not yet reliably producing cash. Free cash flow has generally been negative, mainly because the company is spending on equipment and projects to support growth. That investment can be positive for the long term, but in the near term it increases pressure on liquidity and may require continued access to financing or new capital to sustain expansion plans.

Competitive Edge

Competitive Edge Within rental and leasing of heavy equipment, the company is trying to differentiate itself through electrification, automation, and engineering-led solutions rather than just being a plain-vanilla equipment lessor. Its turnkey model, which combines equipment, rentals, and technical consulting, can make it sticky with customers that want a one-stop solution. A key long-term partnership with a major global manufacturer strengthens its access to advanced machinery and technology. At the same time, the firm is still small, focused heavily on Singapore, and likely faces much larger global rivals. Its position looks promising in its niche, but scale, customer concentration, and the risk of bigger players entering its space remain important competitive risks.

Innovation and R&D

Innovation and R&D Innovation is the clear bright spot. The company is leaning into electric heavy vehicles, rapid battery swapping for ports, and smart fleet management software that uses sensors and artificial intelligence. Its role in building one of the first heavy-vehicle battery swap stations in Singapore gives it valuable experience and a first-mover reputation in that area. It is also pushing into retrofitting existing machinery for remote or autonomous operation and exploring second-life battery solutions. All of this positions the firm at the intersection of industrial equipment, clean energy, and digitalization. However, these initiatives require ongoing technical investment and careful execution, and it is still early to know how much commercial scale and pricing power they will ultimately deliver.

Summary

Ten-League International looks like a small, technically ambitious industrial company trying to ride powerful trends in electrification and automation of heavy equipment. Financially, it is still in a fragile build-out stage: revenues are small and fairly flat, profits are thin and inconsistent, cash generation is patchy, and the balance sheet does not offer a large safety buffer. Strategically, its integrated project model, partnership with a major equipment maker, and first-mover work in electric port vehicles and battery swapping give it a distinctive niche and potential growth runway, particularly if it can expand beyond Singapore. The main questions going forward are whether it can scale its innovative offerings fast enough, secure and diversify its customer base, and strengthen its financial position while competing against much larger industrial and technology players.

NEWS

November 14, 2025 · 8:00 AM UTC

Ten-League International Holdings Limited Announces New Order from PSA Singapore to Expand Electrification Program Following Successful BCSS Deployment

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September 30, 2025 · 8:00 AM UTC

Ten-League International Holdings Limited Reports Unaudited Financial Results for the First Six Months of Fiscal Year 2025

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September 12, 2025 · 4:30 PM UTC

Ten-League International Holdings Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

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