Ten-League International Holdings Limited (NASDAQ: TLIH) announced unaudited financial results for the first six months of fiscal year 2025. Revenue was S$37.7 million, up by 21.6% from last year. Gross profit increased by 67.7% to S$8.9 million. Net income rose to S$2.4 million, a 268.9% increase. Basic and diluted income per share was S$0.09.

The strong growth was attributed to increased demand for heavy equipment and parts due to major infrastructure projects like Changi Airport Terminal 5 and Marina Bay Sands expansion. Rental income also grew by 14.9%. Gross profit margin increased to 23.5% from 17.0% last year, reflecting improved efficiency and product mix.

Ten-League’s CEO highlighted the company’s strategic initiatives, including deepening customer relationships, enhancing vendor partnerships, and increasing global market visibility post-Nasdaq listing. These efforts are aimed at sustainable growth and long-term value creation for shareholders.

For the first six months of fiscal year 2025, total revenues were S$37.7 million, with heavy equipment and parts sales contributing S$30.7 million. Engineering consultancy service income was S$1.1 million, while rental income was S$5.9 million. Cost of revenue was S$28.8 million, leading to a gross profit of S$8.9 million.

Operating costs remained stable, with selling and distribution expenses at S$0.3 million and general and administrative expenses at S$5.7 million. Net income for the period was S$2.4 million, with basic and diluted income per share at S$0.09. Cash and cash equivalents as of June 30, 2025, were S$5.2 million.

Read more at GlobeNewswire: Ten-League International Holdings Limited Reports Unaudited