Overview
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- TickerDTCKF on OTC1
- IndustryWholesale-Farm Product Raw Materials1
- HeadquartersE91
- Incorporated inCayman Islands3
- Business address10 Bukit Batok Crescent #10-01 The Spire, Singapore, U0 6580793
- Filer categoryNon-accelerated filer, Emerging growth company3
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Pte. Ltd., as a private company limited by shares in Singapore and a wholly owned subsidiary of Maxwill Pte. Ltd.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Sale Of Sugar brought in 69% of the revenue DAVIS COMMODITIES Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Sale Of Sugar | $116.4M | $86.6M | $127.7M |
| Sale Of Rice | $26.4M | $18.7M | $34.1M |
| Sale Of Oils And Fats | $47.6M | $26.6M | $22.4M |
| Sale Of Others | $218.0K | $448.0K | $40.0K |
Regions
Africa brought in 60% of the revenue DAVIS COMMODITIES Ltd broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Africa | $80.6M | $68.4M | $110.5M |
| China | $17.7M | $12.0M | $37.1M |
| Other Countries | $9.4M | $6.3M | $14.8M |
| SGMember | $18.9M | $10.1M | $10.3M |
| TH | $13.1M | $13.0M | $7.7M |
| PHMember | $19.4M | $2.9M | $2.8M |
| VN | $9.1M | $7.0M | $1.1M |
| ID | $22.5M | $12.7M | $2.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue97¢$181.3M
- Selling, general and admin3¢$6.4M
Out of $184.2M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $184.2M | $132.4M | $190.7M |
| Cost of revenue | -$181.3M | -$130.0M | -$183.7M |
| Gross profit | $2.9M | $2.3M | $7.0M |
| Selling and marketing expenses | -$1.7M | -$1.7M | -$2.4M |
| General and administrative expenses | -$6.4M | -$4.3M | -$3.4M |
| Total operating expenses | -$8.1M | -$6.0M | -$5.9M |
| Income/(loss) from operations | -$5.2M | -$3.7M | $1.1M |
| Other income | $607.0K | $482.0K | $198.0K |
| Interest expense | -$442.0K | -$133.0K | -$110.0K |
| Total other income | $165.0K | $349.0K | $88.0K |
| Income/(loss) before tax expense | -$5.0M | -$3.4M | $1.2M |
| Income tax expense | $0 | -$178.0K | -$149.0K |
| Net income/(loss) | -$5.0M | -$3.5M | $1.1M |
| Foreign currency translation gain/(loss), net of taxes | -$7.0K | -$2.0K | $8.0K |
| Total comprehensive income/(loss) | -$5.0M | -$3.5M | $1.1M |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.4M | $678.0K | ||
| Accounts receivable, net | $10.7M | $7.7M | ||
| Prepaid expenses and other current assets, net | $2.5M | $3.5M | ||
| Amount due from related parties | $30.0K | $30.0K | ||
| Loan to a related party, net | $6.0M | $0 | ||
| Inventory | $189.0K | $319.0K | ||
| Total current assets | $20.8M | $12.2M | ||
| Property, plant and equipment | $524.0K | $578.0K | ||
| Right-of-use asset | $0 | $37.0K | ||
| Loan to a related party, net | $0 | $6.0M | ||
| Other receivable non-current, net | $0 | $891.0K | ||
| Total non-current assets | $524.0K | $7.5M | ||
| TOTAL ASSETS | $21.4M | $19.7M | ||
| Bank loans - current | $1.6M | $219.0K | ||
| Operating lease liabilities - current | $0 | $37.0K | ||
| Finance lease liabilities - current | $31.0K | $29.0K | ||
| Accounts payable | $11.7M | $9.1M | ||
| Accruals and other current liabilities | $2.9M | $1.7M | ||
| Amount due to related parties | $1.4M | $545.0K | ||
| Income taxes payable | $10.0K | $35.0K | ||
| Total current liabilities | $17.6M | $11.7M | ||
| Bank loans non-current | $3.0K | $103.0K | ||
| Finance lease liabilities non-current | $49.0K | $72.0K | ||
| Amount due to a related party | $1.1M | $1.1M | ||
| Total non-current liabilities | $1.1M | $1.3M | ||
| TOTAL LIABILITIES | $18.8M | $13.0M | ||
| Additional paid-in capital | $4.0M | $3.2M | ||
| Merger reserve | $1.1M | $1.1M | ||
| Retained earnings/(accumulated deficit) | -$2.6M | $2.5M | ||
| Accumulated other comprehensive income | $4.0K | $11.0K | ||
| Total shareholders equity | $2.6M | $6.7M | $10.3M | $6.0M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $21.4M | $19.7M | ||
| Common stock, shares issued | 23.2M shares | |||
| Common stock, shares outstanding | 23.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.4M | $678.0K | ||
| Accounts receivable, net | $10.7M | $7.7M | ||
| Prepaid expenses and other current assets, net | $2.5M | $3.5M | ||
| Amount due from related parties | $30.0K | $30.0K | ||
| Loan to a related party, net | $6.0M | $0 | ||
| Inventory | $189.0K | $319.0K | ||
| Total current assets | $20.8M | $12.2M | ||
| Property, plant and equipment | $524.0K | $578.0K | ||
| Right-of-use asset | $0 | $37.0K | ||
| Loan to a related party, net | $0 | $6.0M | ||
| Other receivable non-current, net | $0 | $891.0K | ||
| Total non-current assets | $524.0K | $7.5M | ||
| TOTAL ASSETS | $21.4M | $19.7M | ||
| Bank loans - current | $1.6M | $219.0K | ||
| Operating lease liabilities - current | $0 | $37.0K | ||
| Finance lease liabilities - current | $31.0K | $29.0K | ||
| Accounts payable | $11.7M | $9.1M | ||
| Accruals and other current liabilities | $2.9M | $1.7M | ||
| Amount due to related parties | $1.4M | $545.0K | ||
| Income taxes payable | $10.0K | $35.0K | ||
| Total current liabilities | $17.6M | $11.7M | ||
| Bank loans non-current | $3.0K | $103.0K | ||
| Finance lease liabilities non-current | $49.0K | $72.0K | ||
| Amount due to a related party | $1.1M | $1.1M | ||
| Total non-current liabilities | $1.1M | $1.3M | ||
| TOTAL LIABILITIES | $18.8M | $13.0M | ||
| Additional paid-in capital | $4.0M | $3.2M | ||
| Merger reserve | $1.1M | $1.1M | ||
| Retained earnings/(accumulated deficit) | -$2.6M | $2.5M | ||
| Accumulated other comprehensive income | $4.0K | $11.0K | ||
| Total shareholders equity | $2.6M | $6.7M | $10.3M | $6.0M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $21.4M | $19.7M | ||
| Common stock, shares issued | 23.2M shares | |||
| Common stock, shares outstanding | 23.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income/(loss) | -$5.0M | -$3.5M | $1.1M |
| Depreciation and amortization | $56.0K | $96.0K | $62.0K |
| Unrealized loss on derivative contract at fair value | $519.0K | $14.0K | $0 |
| Unrealized gain on derivative contract at fair value | -$9.0K | $0 | $0 |
| Provision of allowance for credit loss | $1.8M | $254.0K | $500.0K |
| Impairment loss for damaged inventory | $0 | $0 | $16.0K |
| Interest expense on lease liability | $0 | $0 | $2.0K |
| Share based compensation | $871.0K | $0 | $0 |
| Interest expense | $433.0K | $129.0K | $103.0K |
| Interest expense on finance lease | $9.0K | $4.0K | $2.0K |
| Interest expense on operating lease liabilities | $0 | $0 | $5.0K |
| Interest income | -$384.0K | -$384.0K | -$88.0K |
| Decrease in inventories | $129.0K | $218.0K | $1.6M |
| Decrease/(increase) in margin deposits | -$252.0K | -$41.0K | $571.0K |
| Decrease/(increase) of accounts and other receivables, and prepayment | -$2.3M | $9.4M | -$10.8M |
| Increase in amount due from related parties | $0 | $0 | $0 |
| Decrease in deferred offering costs | $0 | $0 | $1.1M |
| (Decrease)/increase in accounts and other payables, and accruals | $3.2M | -$6.1M | $8.3M |
| Decrease in amount due to related parties | -$41.0K | -$92.0K | $0 |
| Decrease in operating lease liabilities | -$1.0K | -$37.0K | -$3.0K |
| Decrease in income tax payable | -$25.0K | -$678.0K | -$645.0K |
| Cash provided by/(used in) operating activities | -$1.0M | -$777.0K | $1.8M |
| Interest received | $0 | $0 | $88.0K |
| Purchase of property, plant and equipment | -$2.0K | -$5.0K | -$296.0K |
| Cash used in investing activities | -$2.0K | -$5.0K | -$208.0K |
| Advances from related parties | $1.7M | $453.0K | $0 |
| Loan to a related party | $0 | $0 | -$5.9M |
| Issuance of share capital | $0 | $0 | $0 |
| Repayment of amount due to a related party | -$825.0K | $0 | $0 |
| Net proceeds from offering | $0 | $0 | $3.2M |
| Proceeds from bank borrowings | $27.7M | $0 | $0 |
| Proceeds from finance lease | $0 | $0 | $144.0K |
| Repayment of bank borrowings | -$26.4M | -$208.0K | -$155.0K |
| Interest paid | -$370.0K | -$82.0K | -$28.0K |
| Principal payment of finance lease | -$21.0K | -$29.0K | -$14.0K |
| Payment of interest on finance lease | -$9.0K | -$4.0K | -$2.0K |
| Cash (used in)/provided by financing activities | $1.8M | $130.0K | -$2.8M |
| Net change in cash and cash equivalents | $723.0K | -$652.0K | -$1.2M |
| Cash paid for taxes | $22.0K | $856.0K | $791.0K |
| Operating lease asset obtained in exchange for operating lease obligations | $0 | $0 | $150.0K |
No quarter-by-quarter statement was filed.
Corporate structure
DAVIS COMMODITIES Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of DAVIS COMMODITIES Ltd
- Li Peng Leck Filed SC 13D on DAVIS COMMODITIES Ltd, latest Dec 10, 2024 (4 filings since Jan 30, 2024)
- Hong Whee Ng Filed SC 13G on DAVIS COMMODITIES Ltd, latest Jan 30, 2024
- DAVIS COMMODITIES Ltd E9
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What DAVIS COMMODITIES Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $1.0M2 Dec 31, 2025 | $1.0M2 Dec 31, 2024 | +0.2% |
| Accumulated depreciation | $525.0K2 Dec 31, 2025 | $469.0K2 Dec 31, 2024 | +11.9% |
| Property and equipment, net | $524.0K2 Dec 31, 2025 | $578.0K2 Dec 31, 2024 | −9.3% |
| Operating-lease assets (leased space) | $02 Dec 31, 2025 | $37.0K2 Dec 31, 2024 | −100.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $1.4M2 Dec 31, 2025 | $678.0K2 Dec 31, 2024 | +106.6% |
Inventory
Leadership
Who has led DAVIS COMMODITIES Ltd, and when. Pick a name to see everywhere that person has worked.
Chair
- ChairLi Peng Leck Mar 19, 2026 to now7
Board members and other officers (7)
- Chief Admin Off and Exe DirAbbie Jillia Lee Mar 19, 2026 to now8
- Group Financial ControllerAi Imm Lim Mar 19, 2026 to now9
- Board memberAbbie Jillia Lee Mar 19, 2026 to now8
- Board memberJia Kwang Long Mar 19, 2026 to now10
- Board memberKhie Liem Alex Khor Mar 19, 2026 to now11
- Board memberThai Weng Leyng Mar 20, 2026 to now12
- Board memberChow Sheng Lim Apr 22, 2026 to now13
Filings
96 filings to the SEC since October 2021: 5 annual reports, 7 insider forms, 5 large holders, 79 other. The latest 20:
- Oct 5, 202625-NSE/A EDGAR
- Oct 5, 202625-NSE EDGAR
- Oct 1, 20266-K EDGAR
- Sep 21, 20266-K CURRENT REPORT EDGAR
- Aug 14, 20266-K CURRENT REPORT EDGAR
- May 27, 20266-K CURRENT REPORT EDGAR
- May 15, 20266-K EDGAR
- May 15, 202620-F FORM 20-F FOR DEC 2025 EDGAR
- Apr 30, 2026NT 20-F EXTNESION EDGAR
- Apr 22, 20263 EDGAR
- Apr 13, 20266-K EDGAR
- Mar 20, 20266-K CURRENT REPORT OF FOREIGN ISSUER EDGAR
- Mar 20, 20263 EDGAR
- Mar 19, 20263 EDGAR
- Mar 19, 20263 EDGAR
- Mar 19, 20263 EDGAR
- Mar 19, 20263 EDGAR
- Mar 19, 20263 EDGAR
- Mar 2, 20266-K EDGAR
- Feb 13, 20266-K EDGAR
The 96 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Li Peng LeckSC 13D, 4 filings Jan 30, 2024 to Dec 10, 202414
- Hong Whee NgSC 13G, 1 filing Jan 30, 202415
SEC filer profile
How DAVIS COMMODITIES Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDAVIS COMMODITIES Ltd1
- CIK0001949478
- Filer statusNon-accelerated filer an emerging growth company; a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)5150 Wholesale-Farm Product Raw Materials1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address10 Bukit Batok Crescent #10-01 The Spire, Singapore, U0 6580791
- Phone65-6893 53331
- Shares outstanding10,855,694 Common Class A shares; 16,514,981 Common Class B shares as of Dec 31, 20254
- AuditorAOGB CPA Limited, Hong Kong PCAOB ID 7020; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceOct 21, 20221
- Filings96 in all: 6-K (31), 3 (7), CORRESP (7), UPLOAD (7), 6-K/A (6), F-1/A (5), 20-F (3), EFFECT (3)1
All 28 form types
20-F/A (2), DRS/A (2), DRSLTR (2), F-3 (2), NT 20-F (2), SC 13D (2), SC 13G (2), 25-NSE (1), 25-NSE/A (1), 424B4 (1), 424B5 (1), 8-A12B (1), 8-A12B/A (1), CERT (1), DRS (1), F-1 (1), F-3/A (1), FWP (1), S-8 (1), SC 13D/A (1)
- Latest filingsAnnual report (20-F) May 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Ordinary Shares | DTCKF |
From the cover page of the 20-F filed May 15, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7SEC EDGARLi Peng Leck, Chair
- 8
- 9
- 10SEC EDGARJia Kwang Long, Board member
- 11SEC EDGARKhie Liem Alex Khor, Board member
- 12SEC EDGARThai Weng Leyng, Board member
- 13SEC EDGARChow Sheng Lim, Board member
- 14
- 15