TLIH
TLIH
Ten-League International Holdings Limited Ordinary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $38.36M | $4.86M | $3.19M | 8.32% | $1.09 | $7.19M |
What's going well?
The company is profitable and generates clean earnings without any one-time charges. Debt costs are low, and the business is able to turn a profit even with modest margins.
What's concerning?
Gross margins are thin, meaning the company keeps a small portion of each sale as profit. There's no sign of growth or efficiency improvements, and no data on R&D or marketing spending.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $10.68M ▲ | $77.38M ▲ | $60.68M ▼ | $16.7M ▲ |
| Q4-2024 | $686K ▼ | $71.05M ▲ | $64.83M ▲ | $6.22M ▲ |
| Q2-2024 | $2.29M ▼ | $64.23M ▼ | $59.25M ▼ | $4.98M ▲ |
| Q4-2023 | $2.34M | $65.74M | $61.41M | $4.33M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $3.19M | $16.41M | $-16.65M | $5.86M | $5.47M | $-509.19K |
What's strong about this company's cash flow?
The company generates a lot of cash from its core business ($16.4 million), and operating cash flow is much higher than reported profits. Cash on hand increased this quarter.
What are the cash flow concerns?
Heavy spending on capital investments led to negative free cash flow, and the company needed to raise both debt and equity to fund itself. Shareholders are being diluted and the business can't sustain itself without outside money.
5-Year Trend Analysis
A comprehensive look at Ten-League International Holdings Limited Ordinary Shares's financial evolution and strategic trajectory over the past five years.
Key positive factors include solid profitability for an industrial solutions business, strong operating and free cash flow, and a distinctive competitive position in electrified heavy equipment and turnkey engineering services. The company has a tangible asset base supporting its operations, a track record of involvement in high‑profile projects, and strategic partnerships that enhance its offering. Its integrated model of rental, sales, and consultancy creates deeper customer relationships and potential for recurring work.
The most prominent concerns are the high leverage and tight short‑term liquidity, which leave the company more exposed to project delays, economic downturns, or execution missteps. The business is capital‑intensive and concentrated in a specific region and set of industries, raising exposure to local infrastructure cycles and regulatory changes. Limited reporting history as a listed company, a recent reverse share split, and the absence of formal R&D spending also add uncertainty about how well it can navigate rapid technological and market shifts over time.
Looking ahead, TLIH appears well positioned to benefit from trends toward greener, more automated infrastructure and port operations, provided it can continue to win projects and scale its electrified solutions. The combination of strong current cash generation and heavy investment suggests a company in a build‑out phase, attempting to convert a niche technological and service advantage into broader growth. The overall trajectory will depend heavily on maintaining project momentum, managing leverage and liquidity carefully, and staying at the forefront of electrification and systems integration in its target markets.
About Ten-League International Holdings Limited Ordinary Shares
https://www.ten-league.com.sgBased in Singapore, this firm provides complete project solutions. Their services include the sale, lease, and upkeep of heavy machinery and components, alongside expert engineering advice tailored for the maritime, building, and infrastructure industries.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $38.36M | $4.86M | $3.19M | 8.32% | $1.09 | $7.19M |
What's going well?
The company is profitable and generates clean earnings without any one-time charges. Debt costs are low, and the business is able to turn a profit even with modest margins.
What's concerning?
Gross margins are thin, meaning the company keeps a small portion of each sale as profit. There's no sign of growth or efficiency improvements, and no data on R&D or marketing spending.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $10.68M ▲ | $77.38M ▲ | $60.68M ▼ | $16.7M ▲ |
| Q4-2024 | $686K ▼ | $71.05M ▲ | $64.83M ▲ | $6.22M ▲ |
| Q2-2024 | $2.29M ▼ | $64.23M ▼ | $59.25M ▼ | $4.98M ▲ |
| Q4-2023 | $2.34M | $65.74M | $61.41M | $4.33M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $3.19M | $16.41M | $-16.65M | $5.86M | $5.47M | $-509.19K |
What's strong about this company's cash flow?
The company generates a lot of cash from its core business ($16.4 million), and operating cash flow is much higher than reported profits. Cash on hand increased this quarter.
What are the cash flow concerns?
Heavy spending on capital investments led to negative free cash flow, and the company needed to raise both debt and equity to fund itself. Shareholders are being diluted and the business can't sustain itself without outside money.
5-Year Trend Analysis
A comprehensive look at Ten-League International Holdings Limited Ordinary Shares's financial evolution and strategic trajectory over the past five years.
Key positive factors include solid profitability for an industrial solutions business, strong operating and free cash flow, and a distinctive competitive position in electrified heavy equipment and turnkey engineering services. The company has a tangible asset base supporting its operations, a track record of involvement in high‑profile projects, and strategic partnerships that enhance its offering. Its integrated model of rental, sales, and consultancy creates deeper customer relationships and potential for recurring work.
The most prominent concerns are the high leverage and tight short‑term liquidity, which leave the company more exposed to project delays, economic downturns, or execution missteps. The business is capital‑intensive and concentrated in a specific region and set of industries, raising exposure to local infrastructure cycles and regulatory changes. Limited reporting history as a listed company, a recent reverse share split, and the absence of formal R&D spending also add uncertainty about how well it can navigate rapid technological and market shifts over time.
Looking ahead, TLIH appears well positioned to benefit from trends toward greener, more automated infrastructure and port operations, provided it can continue to win projects and scale its electrified solutions. The combination of strong current cash generation and heavy investment suggests a company in a build‑out phase, attempting to convert a niche technological and service advantage into broader growth. The overall trajectory will depend heavily on maintaining project momentum, managing leverage and liquidity carefully, and staying at the forefront of electrification and systems integration in its target markets.
CEO
Jison Lim
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2026-05-01 | Reverse | 1:10 |
Ratings Snapshot
Rating : B+