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Stocks · Consumer discretionary · Miscellaneous Manufacturing Industries

Multi Ways Holdings Ltd

MWG Clue Score46
Singapore Fiscal year ends December CIK 0001941500
$1.55 +5.44% Close, 12 Oct 2026
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Price $1.55 +289.55% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 3 Apr 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue29.9Operating income−0.6Net income1.3Fiscal year 2021Revenue33.4 +11.8%Operating income1.6Net income1.8 +36.5%EPS, diluted0.07Fiscal year 2022Revenue38.4 +14.8%Operating income1.5Net income1.0 −45.7%EPS, diluted0.04Fiscal year 2023Revenue36.0 −6.1%Operating income−3.1Net income1.8 +82.9%EPS, diluted0.59Fiscal year 2024Revenue31.1 −13.7%Operating income−1.9Net income−2.9 −259.5%EPS, diluted−0.90Fiscal year 2025Revenue44.8 +44.1%Operating income0.8Net income−0.4EPS, diluted−0.11
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 29.9 33.4 38.4 36.0 31.1 44.8
Growth +11.8% +14.8% −6.1% −13.7% +44.1%
Operating income −0.6 1.6 1.5 −3.1 −1.9 0.8
Net income 1.3 1.8 1.0 1.8 −2.9 −0.4
Growth +36.5% −45.7% +82.9% −259.5%
EPS, diluted n/a 0.07 0.04 0.59 −0.90 −0.11

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin22.9%Operating margin−2.0%Net margin4.4%Free cash flow margin3.4%Fiscal year 2021Gross margin28.0%Operating margin4.9%Net margin5.4%Fiscal year 2022Gross margin25.4%Operating margin3.9%Net margin2.5%Free cash flow margin0.2%Fiscal year 2023Gross margin24.0%Operating margin−8.5%Net margin5.0%Free cash flow margin−5.3%Fiscal year 2024Gross margin31.3%Operating margin−6.2%Net margin−9.2%Free cash flow margin−43.5%Fiscal year 2025Gross margin24.8%Operating margin1.7%Net margin−1.0%Free cash flow margin13.7%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 22.9% 28.0% 25.4% 24.0% 31.3% 24.8%
Operating margin −2.0% 4.9% 3.9% −8.5% −6.2% 1.7%
Net margin 4.4% 5.4% 2.5% 5.0% −9.2% −1.0%
Free cash flow margin 3.4% n/a 0.2% −5.3% −43.5% 13.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow1.7Capital expenditure−0.6Free cash flow1.0Fiscal year 2021Operating cash flow5.6Fiscal year 2022Operating cash flow0.9Capital expenditure−0.8Free cash flow0.1Dividends paid−0.1Fiscal year 2023Operating cash flow0.1Capital expenditure−2.0Free cash flow−1.9 −2,143.0%Dividends paid−10.5Fiscal year 2024Operating cash flow−12.9Capital expenditure−0.6Free cash flow−13.5Fiscal year 2025Operating cash flow6.4Capital expenditure−0.2Free cash flow6.2
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.7 5.6 0.9 0.1 −12.9 6.4
Capital expenditure −0.6 n/a −0.8 −2.0 −0.6 −0.2
Free cash flow 1.0 n/a 0.1 −1.9 −13.5 6.2
Growth −2,143.0%
Dividends paid n/a n/a −0.1 −10.5 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securities
Fiscal year 2020Shareholders’ equity15.7Fiscal year 2021Cash and securities1.5Shareholders’ equity5.4Fiscal year 2022Cash and securities1.0Shareholders’ equity6.3Fiscal year 2023Cash and securities7.1Shareholders’ equity21.8Fiscal year 2024Cash and securities3.3Shareholders’ equity20.1Fiscal year 2025Cash and securities1.9Shareholders’ equity22.7
FY2020FY2021FY2022FY2023FY2024FY2025
Cash and securities n/a 1.5 1.0 7.1 3.3 1.9
Shareholders’ equity 15.7 5.4 6.3 21.8 20.1 22.7

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
22.9% 28.0% 25.4% 24.0% 31.3% 24.8%
−2.0% 4.9% 3.9% −8.5% −6.2% 1.7%
4.4% 6.1% 4.1% 4.7% −10.2% −1.0%
4.4% 5.4% 2.5% 5.0% −9.2% −1.0%
3.4% n/a 0.2% −5.3% −43.5% 13.7%
Spending
21.1% 19.8% 17.6% 29.9% 28.1% 18.1%
2.1% n/a 2.1% 5.4% 1.9% 0.5%
0.2% 11.3% 34.0% −3.1% n/a n/a
Returns
8.4% 33.6% 15.5% 8.2% −14.2% −1.9%
n/a 3.3% 1.9% 3.1% −4.1% −0.7%
Balance and payout
n/a 90.2% 88.0% 62.4% 71.1% 63.4%
n/a n/a 7.9% 588.3% n/a n/a
n/a n/a 82.8% n/a n/a n/a