Overview
Compare with CHEETAH NET SUPPLY CHAIN SERVICE INC. or LKQ Corporation, or pick any stock.
- TickerINEO on Nasdaq1
- IndustryWholesale-Motor Vehicles & Motor Vehicle Parts & Supplies1
- HeadquartersE91
- Incorporated inCayman Islands3
- Business address14 Ang Mo Kio Street 63, Singapore3
- Filer categoryNon-accelerated filer, Emerging growth company3
See how the biggest companies compare on our leaderboards
INNEOVA Engineering, Autozone (S) and INNEOVA Malaysia. A description of our principal subsidiaries is set out below: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
Off Highway Business brought in 50% of the revenue INNEOVA Holdings Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Off Highway Business | $32.6M | $31.3M | $29.3M |
| On Highway Business | $26.9M | $25.8M | $24.5M |
| Engineering Services | $3.2M | $5.6M | $4.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue81¢$47.2M
- Other costs18¢$10.6M
- Income tax1¢$656.0K
Out of $58.4M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending0¢$10.0K
- Kept or used elsewhere100¢$4.4M
Out of $4.4M of cash from operations.2
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, net | $58.4M | $62.7M | $62.7M |
| Cost of revenue | -$47.2M | -$50.4M | -$50.7M |
| Gross profit | $11.2M | $12.3M | $12.0M |
| Selling and distribution | -$1.2M | -$1.7M | -$1.4M |
| General and administrative | -$9.3M | -$8.7M | -$7.1M |
| Depreciation and amortization | -$818.0K | -$662.0K | -$596.0K |
| Total operating cost and expenses | -$11.3M | -$11.1M | -$9.1M |
| (Loss) profit from operations | -$51.0K | $1.2M | $2.9M |
| Interest income | $56.0K | $81.0K | $2.0K |
| Interest expense | -$1.3M | -$1.4M | -$1.1M |
| Government grant | $45.0K | $94.0K | $79.0K |
| Loss (gain) on disposal of property and equipment | $12.0K | -$2.0K | |
| Foreign exchange gain, net | $66.0K | $294.0K | $153.0K |
| Other income | $164.0K | $234.0K | $174.0K |
| Total other expenses, net | -$1.0M | -$748.0K | -$710.0K |
| (Loss) income before income taxes | -$1.1M | $501.0K | $2.1M |
| Income tax (benefit) expense | -$656.0K | $125.0K | $285.0K |
| NET (LOSS) INCOME | -$397.0K | $376.0K | $1.9M |
| Foreign currency translation adjustment | $459.0K | -$192.0K | $114.0K |
| COMPREHENSIVE INCOME | $62.0K | $184.0K | $2.0M |
| Basic | -$0.03 | $0.04 | $0.20 |
| Diluted | -$0.03 | $0.04 | $0.20 |
| Basic | 14.4M shares | 9.5M shares | 9.4M shares |
| Diluted | 14.4M shares | 9.5M shares | 9.4M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash | $1.1M | $1.8M | |||
| Restricted cash | $315.0K | $298.0K | |||
| Inventories | $18.6M | $19.4M | |||
| Deposits, prepayments and other receivables | $3.9M | $3.8M | |||
| Total current assets | $36.5M | $41.3M | |||
| Property and equipment, net | $2.1M | $2.4M | |||
| Right-of-use assets, net | $657.0K | $672.0K | |||
| Deferred tax assets | $837.0K | $128.0K | |||
| Total non-current assets | $4.9M | $4.5M | |||
| TOTAL ASSETS | $41.4M | $45.8M | $44.2M | ||
| Accounts payable and accrued liabilities | $5.1M | $4.9M | |||
| Customer deposits | $5.6M | $5.4M | |||
| Bank borrowings | $17.7M | $19.2M | |||
| Finance lease liabilities, current | $70.0K | $88.0K | |||
| Operating lease liabilities, current | $176.0K | $334.0K | |||
| Income tax payable | $100.0K | $173.0K | |||
| Total current liabilities | $34.4M | $37.0M | |||
| Bank borrowings | $1.2M | $3.1M | |||
| Finance lease liabilities, non-current | $140.0K | $188.0K | |||
| Operating lease liabilities, non-current | $508.0K | $384.0K | |||
| Deferred tax liabilities | $112.0K | $164.0K | |||
| Total long-term liabilities | $2.0M | $3.8M | |||
| TOTAL LIABILITIES | $36.4M | $40.9M | |||
| Ordinary shares, 200,000,000 authorized comprise of 150,000,000 Class A and 25,000,000 Class B shares, with par value of $0.0005 each, 16,527,249 and 10,250,000 ordinary shares issued and outstanding as of December 31, 2025 and 2024, respectively | $8.0K | $5.0K | |||
| Additional paid-in capital | $1.0M | $1.0M | |||
| Accumulated other comprehensive loss | -$535.0K | -$994.0K | |||
| Retained earnings | $4.5M | $4.9M | |||
| Total shareholders equity | $5.0M | $4.9M | $5.1M | $3.1M | |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $41.4M | $45.8M | |||
| Preferred stock shares authorized | 25.0M shares | 25.0M shares | |||
| Preferred stock par value | $0.00 | $0.00 | |||
| Preferred stock shares issued | 0 shares | 0 shares | |||
| Preferred stock shares outstanding | 0 shares | 0 shares | |||
| Common stock shares authorized | 200.0M shares | 200.0M shares | 200.0M shares | 200.0M shares | |
| Common stock par value | $0.00 | $0.00 | $0.00 | $0.00 | |
| Common stock shares issued | 16.5M shares | 10.2M shares | |||
| Common stock shares outstanding | 16.5M shares | 10.2M shares |
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-01-31 |
|---|---|---|---|---|---|---|
| Cash | $1.1M | $1.8M | ||||
| Restricted cash | $315.0K | $298.0K | ||||
| Inventories | $18.6M | $19.4M | ||||
| Deposits, prepayments and other receivables | $3.9M | $3.8M | ||||
| Total current assets | $36.5M | $41.3M | ||||
| Property and equipment, net | $2.1M | $2.4M | ||||
| Right-of-use assets, net | $657.0K | $672.0K | ||||
| Deferred tax assets | $837.0K | $128.0K | ||||
| Total non-current assets | $4.9M | $4.5M | ||||
| TOTAL ASSETS | $41.4M | $45.8M | $44.2M | |||
| Accounts payable and accrued liabilities | $5.1M | $4.9M | ||||
| Customer deposits | $5.6M | $5.4M | ||||
| Bank borrowings | $17.7M | $19.2M | ||||
| Finance lease liabilities, current | $70.0K | $88.0K | ||||
| Operating lease liabilities, current | $176.0K | $334.0K | ||||
| Income tax payable | $100.0K | $173.0K | ||||
| Total current liabilities | $34.4M | $37.0M | ||||
| Bank borrowings | $1.2M | $3.1M | ||||
| Finance lease liabilities, non-current | $140.0K | $188.0K | ||||
| Operating lease liabilities, non-current | $508.0K | $384.0K | ||||
| Deferred tax liabilities | $112.0K | $164.0K | ||||
| Total long-term liabilities | $2.0M | $3.8M | ||||
| TOTAL LIABILITIES | $36.4M | $40.9M | ||||
| Ordinary shares, 200,000,000 authorized comprise of 150,000,000 Class A and 25,000,000 Class B shares, with par value of $0.0005 each, 16,527,249 and 10,250,000 ordinary shares issued and outstanding as of December 31, 2025 and 2024, respectively | $8.0K | $5.0K | ||||
| Additional paid-in capital | $1.0M | $1.0M | ||||
| Accumulated other comprehensive loss | -$535.0K | -$994.0K | ||||
| Retained earnings | $4.5M | $4.9M | ||||
| Total shareholders equity | $5.0M | $4.9M | $5.1M | $3.1M | ||
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $41.4M | $45.8M | ||||
| Preferred stock shares authorized | 25.0M shares | 25.0M shares | ||||
| Preferred stock par value | $0.00 | $0.00 | ||||
| Preferred stock shares issued | 0 shares | 0 shares | ||||
| Preferred stock shares outstanding | 0 shares | 0 shares | ||||
| Common stock shares authorized | 200.0M shares | 200.0M shares | 200.0M shares | 200.0M shares | 100.0M shares | |
| Common stock par value | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Common stock shares issued | 16.5M shares | 10.2M shares | ||||
| Common stock shares outstanding | 16.5M shares | 10.2M 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 (loss) income | -$397.0K | $376.0K | $1.9M |
| Depreciation of property and equipment | $414.0K | $294.0K | $240.0K |
| Depreciation of right-of-use assets | $403.0K | $368.0K | $357.0K |
| Provision for impairment for estimated credit loss | $800.0K | $907.0K | $251.0K |
| Provision for impairment for inventories | $11.0K | $231.0K | |
| Loss (gain) on disposal of property and equipment | $12.0K | -$2.0K | |
| Accounts receivable | $3.2M | -$447.0K | $1.5M |
| Inventories | $838.0K | $708.0K | -$374.0K |
| Deposits, prepayments, and other receivables | -$130.0K | -$638.0K | $348.0K |
| Accounts payable and accrued liabilities | $367.0K | $2.0K | -$279.0K |
| Repayment of operating lease liabilities | -$422.0K | -$360.0K | -$319.0K |
| Customer deposits | $201.0K | $1.5M | -$63.0K |
| Income tax payable | -$834.0K | -$154.0K | -$12.0K |
| Net cash provided by operating activities | $4.4M | $2.5M | $3.7M |
| Purchase of property and equipment | -$10.0K | -$739.0K | -$309.0K |
| Net cash used in investing activity | -$10.0K | -$739.0K | -$309.0K |
| Repayment of bank borrowings | -$48.7M | -$43.3M | -$47.5M |
| Proceeds from bank borrowings | $45.4M | $46.5M | $46.3M |
| Proceeds from issuance of new shares, net of expenses | -$332.0K | ||
| Repayment to related parties | -$2.0M | -$3.4M | -$2.5M |
| Repayment of finance lease liabilities | -$66.0K | -$118.0K | -$156.0K |
| Net cash used in financing activities | -$5.5M | -$628.0K | -$3.8M |
| Effect on exchange rate change on cash and restricted cash | $316.0K | -$196.0K | $114.0K |
| Net change in cash and restricted cash | -$714.0K | $971.0K | -$272.0K |
| Cash paid for income taxes | $206.0K | $280.0K | $297.0K |
| Cash paid for interest | $1.3M | $1.4M | $1.1M |
| Issuance of ordinary shares in connection with common-control acquisition | $3.0K |
No quarter-by-quarter statement was filed.
Corporate structure
INNEOVA Holdings 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 INNEOVA Holdings Ltd
- Soon Aik Global Pte. Ltd. Filed SCHEDULE 13D on INNEOVA Holdings Ltd, latest May 22, 2025 (3 filings since Feb 24, 2025)
- INNEOVA Holdings Ltd E9
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What INNEOVA Holdings 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 | $4.5M2 Dec 31, 2025 | $4.3M2 Dec 31, 2024 | +4.7% |
| Accumulated depreciation | $2.4M2 Dec 31, 2025 | $1.9M2 Dec 31, 2024 | +25.0% |
| Property and equipment, net | $2.1M2 Dec 31, 2025 | $2.4M2 Dec 31, 2024 | −11.4% |
| Finance-lease assets | $277.0K2 Dec 31, 2025 | $353.0K2 Dec 31, 2024 | −21.5% |
| Operating-lease assets (leased space) | $657.0K2 Dec 31, 2025 | $672.0K2 Dec 31, 2024 | −2.2% |
Investments
Inventory
Leadership
Who has led INNEOVA Holdings Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerChin Aik Neo Mar 31, 2026 to Apr 13, 20266
- Chief executive officerChin Heng Neo Apr 13, 2026 to now7
- Chief financial officerLi Hoon Lee Mar 31, 2026 to now8
- Chief operating officerChing Kiat Neo Mar 31, 2026 to now9
Board members and other officers (5)
- Board memberChin Aik Neo Mar 31, 2026 to now6
- Board memberGang Wong Mar 31, 2026 to now10
- Board memberChin Chye Koh Apr 2, 2026 to now11
- Board memberYee Yen Han Apr 8, 2026 to now12
- Board memberChin Heng Neo Apr 13, 2026 to now7
Former names
- SAG Holdings LtdJun 24, 2022 to Apr 21, 20253
Timeline
Filings
109 filings to the SEC since October 2021: 4 annual reports, 7 insider forms, 3 large holders, 95 other. The latest 20:
- Oct 14, 20266-K EDGAR
- Sep 4, 20266-K EDGAR
- Sep 1, 202620-F/A EDGAR
- Aug 24, 20266-K/A EDGAR
- Aug 18, 20266-K EDGAR
- Aug 11, 202620-F/A EDGAR
- Jun 10, 20266-K EDGAR
- Jun 5, 20266-K EDGAR
- May 15, 202620-F EDGAR
- Apr 30, 2026NT 20-F EDGAR
- Apr 13, 20263 EDGAR
- Apr 8, 20263 EDGAR
- Apr 2, 20263 EDGAR
- Mar 31, 20263 EDGAR
- Mar 31, 20263 EDGAR
- Mar 31, 20263 EDGAR
- Mar 31, 20263 EDGAR
- Dec 11, 20256-K EDGAR
- Oct 14, 2025S-8 EDGAR
- Sep 30, 20256-K EDGAR
The 109 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.
- Soon Aik Global Pte. Ltd.SCHEDULE 13D, 3 filings Feb 24, 2025 to May 22, 202513
SEC filer profile
How INNEOVA Holdings Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARINNEOVA Holdings Ltd1
- CIK0001933951
- Filer statusNon-accelerated filer an emerging growth company; a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)5010 Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address14 Ang Mo Kio Street 63, Singapore, Singapore1
- Phone65 6383 75401
- Shares outstanding16,527,249 shares as of Dec 31, 20254
- AuditorYCM CPA INC., Irvine, California PCAOB ID 6781; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJun 24, 20221
- Filings109 in all: CORRESP (27), F-1/A (23), 6-K (14), UPLOAD (14), 3 (7), 20-F (2), 20-F/A (2), 424B3 (2)1
All 22 form types
DRS/A (2), DRSLTR (2), NT 20-F (2), SCHEDULE 13D (2), 424B4 (1), 6-K/A (1), 8-A12B (1), CERT (1), DEL AM (1), DRS (1), EFFECT (1), F-1 (1), S-8 (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (20-F) May 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, par value US$0.0005 per share | INEO | Nasdaq |
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
- 7
- 8SEC EDGARLi Hoon Lee, Chief financial officer
- 9
- 10SEC EDGARGang Wong, Board member
- 11SEC EDGARChin Chye Koh, Board member
- 12SEC EDGARYee Yen Han, Board member
- 13