Multi Ways Holdings Limited (NYSE American: MWG) announces unaudited first half 2025 financial results, showing a 87.65% increase in net revenue to $26.44 million. Gross profit was $6.63 million with a 25.08% profit margin. Net income rose by 1,025% to $0.82 million. Cash and cash equivalents were $1.14 million as of June 30, 2025.
Chairman James Lim reports a year-on-year revenue increase for Multi Ways Holdings, driven by strong equipment sales despite competitive pressures. The company remains optimistic for 2026 due to major infrastructure projects like Changi Airport Terminal 5 expansion and the ongoing Jurong Region Line. Strategic direction and cost management are key for future growth.
Cash flows for Multi Ways Holdings in the first half of 2025 show $5.39 million generated from operating activities, a positive change from the $8.03 million used in operating activities in 2024. Cash used in investing activities was $0.20 million, while cash used in financing activities was $7.14 million. The Company remains focused on profitability and shareholder value.
Read more at GlobeNewswire: Multi Ways Holdings Reports 88% Revenue Growth in First
