MWG on NYSE
Multi Ways Holdings Ltd
Multi Ways Holdings Ltd is a miscellaneous manufacturing industries company, listed on NYSE (MWG).1
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with VirTra, Inc, Dogness (International) Corp or JE Cleantech Holdings Ltd, or pick any stock.
- TickerMWG on NYSE1
- IndustryMiscellaneous Manufacturing Industries1
- Business address3E Gul Circle, Singapore, U0 6296333
- Filer categoryNon-accelerated filer, Emerging growth company3
See how the biggest companies compare on our leaderboards
Sector 2, Singapore 628377 in 2020, to store some of our heavy construction equipment in Singapore.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
Sales at a Single Point in Time brought in 48% of the revenue Multi Ways Holdings Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Sales at a Single Point in Time | $31.1M | $23.9M | $37.5M |
| Equipment Sales | $24.7M | $21.5M | $33.1M |
| Rental | $5.0M | $7.2M | $7.3M |
Regions
SGMember brought in 57% of the revenue Multi Ways Holdings Ltd broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| SGMember | $17.4M | $17.9M | $25.4M |
| Other Countries | $10.8M | $5.0M | $9.8M |
| TWMember | $1.1M | $2.6M | $4.9M |
| CA [member] | $4.8M | $4.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue75¢$33.7M
- Other costs21¢$9.4M
- Interest4¢$1.7M
Out of $44.8M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending3¢$202.0K
- Kept or used elsewhere97¢$6.2M
Out of $6.4M 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 | $44.8M | $31.1M | $36.0M |
| Cost of revenue | -$33.7M | -$21.4M | -$27.4M |
| Gross profit | $11.1M | $9.7M | $8.7M |
| Selling and distribution | -$2.2M | -$1.7M | -$952.0K |
| General and administrative | -$8.1M | -$8.7M | -$10.8M |
| Share-based compensation | -$1.2M | ||
| Total operating costs and expenses | -$10.3M | -$11.7M | -$11.7M |
| Profit/(Loss) from operations | $772.0K | -$1.9M | -$3.1M |
| Gain on early termination on lease liability | $113.0K | ||
| Gain from disposal of plant and equipment | $5.0K | $50.0K | $5.0M |
| Interest income | $108.0K | $220.0K | $57.0K |
| Interest expenses | -$1.7M | -$1.5M | -$1.1M |
| Dividend income | $1.0K | $13.0K | $16.0K |
| Government grants | $16.0K | $21.0K | $22.0K |
| Foreign exchange gain/(loss), net | $170.0K | -$219.0K | -$43.0K |
| Other income | $185.0K | $194.0K | $656.0K |
| Total other (loss)/income, net | -$1.2M | -$1.2M | $4.8M |
| (Loss)/Profit before income taxes | -$433.0K | -$3.2M | $1.7M |
| Income tax benefit | $310.0K | $53.0K | |
| NET (LOSS)/INCOME | -$433.0K | -$2.9M | $1.7M |
| Net income attributable to non-controlling interest | $50.0K | ||
| NET (LOSS)/ INCOME ATTRIBUTABLE TO EQUITY HOLDER OF THE COMPANY | -$433.0K | -$2.9M | $1.8M |
| Foreign currency translation adjustment | $331.0K | -$84.0K | $269.0K |
| COMPREHENSIVE (LOSS)/INCOME | -$102.0K | -$2.9M | $2.1M |
| Basic | -$0.11 | -$0.90 | $0.59 |
| Net income per share Diluted | -$0.11 | -$0.90 | $0.59 |
| Basic | 3.8M shares | 3.2M shares | 2.9M shares |
| Diluted | 3.8M shares | 3.2M shares | 2.9M 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 11 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2024-10-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $1.9M | $3.3M | |||
| Accounts receivable, net | $7.0M | $6.2M | |||
| Inventories | $42.4M | $45.1M | |||
| Financial assets available for sales | $125.0K | $47.0K | |||
| Deposits, prepayments and other receivables | $3.3M | $8.2M | |||
| Total current assets | $57.0M | $65.0M | |||
| Property and equipment, net | $1.4M | $1.6M | |||
| Right-of-use assets | $1.3M | $774.0K | |||
| Investment in equity securities | $2.2M | $2.2M | |||
| Deferred tax assets | $11.0K | $11.0K | |||
| Total non-current assets | $4.9M | $4.6M | |||
| TOTAL ASSETS | $61.9M | $69.6M | |||
| Accounts payable and accrued liabilities | $5.7M | $6.9M | |||
| Customer deposits | $2.2M | $5.6M | |||
| Bank borrowings | $8.6M | $12.6M | |||
| Lease liabilities | $3.4M | $4.6M | |||
| Total current liabilities | $36.3M | $44.8M | |||
| Lease liabilities | $3.0M | $4.7M | |||
| Total long-term liabilities | $3.0M | $4.7M | |||
| TOTAL LIABILITIES | $39.3M | $49.5M | |||
| Preferred shares, par value US$0.00025 per share, 1,000,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024. | $13.0K | $9.0K | |||
| Additional paid-in capital | $22.8M | $20.1M | |||
| (Accumulated loss)/Retained earnings | -$263.0K | $170.0K | |||
| Accumulated other comprehensive income/(loss) | $97.0K | -$234.0K | |||
| Total shareholders equity | $22.7M | $20.1M | |||
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $61.9M | $69.6M | |||
| Ordinary shares par value | $0.00 | $0.00 | |||
| Common stock, shares authorized | 10.0B shares | ||||
| Ordinary shares, issued | 790.0K shares | ||||
| Preferred stock, par value | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 1.0B shares | 1.0B shares | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2024-10-31 | 2024-09-30 | 2024-07-31 | 2023-12-31 | 2023-03-31 | 2023-01-31 | 2022-12-31 | 2022-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $1.9M | $3.3M | |||||||||
| Accounts receivable, net | $7.0M | $6.2M | |||||||||
| Inventories | $42.4M | $45.1M | |||||||||
| Financial assets available for sales | $125.0K | $47.0K | |||||||||
| Deposits, prepayments and other receivables | $3.3M | $8.2M | |||||||||
| Total current assets | $57.0M | $65.0M | |||||||||
| Property and equipment, net | $1.4M | $1.6M | $1.8M | ||||||||
| Right-of-use assets | $1.3M | $774.0K | |||||||||
| Investment in equity securities | $2.2M | $2.2M | |||||||||
| Deferred tax assets | $11.0K | $11.0K | |||||||||
| Total non-current assets | $4.9M | $4.6M | |||||||||
| TOTAL ASSETS | $61.9M | $69.6M | |||||||||
| Accounts payable and accrued liabilities | $5.7M | $6.9M | |||||||||
| Customer deposits | $2.2M | $5.6M | $3.2M | ||||||||
| Bank borrowings | $8.6M | $12.6M | |||||||||
| Lease liabilities | $3.4M | $4.6M | |||||||||
| Total current liabilities | $36.3M | $44.8M | |||||||||
| Lease liabilities | $3.0M | $4.7M | |||||||||
| Total long-term liabilities | $3.0M | $4.7M | |||||||||
| TOTAL LIABILITIES | $39.3M | $49.5M | |||||||||
| Preferred shares, par value US$0.00025 per share, 1,000,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024. | $13.0K | $9.0K | |||||||||
| Additional paid-in capital | $22.8M | $20.1M | |||||||||
| (Accumulated loss)/Retained earnings | -$263.0K | $170.0K | |||||||||
| Accumulated other comprehensive income/(loss) | $97.0K | -$234.0K | |||||||||
| Total shareholders equity | $22.7M | $20.1M | $21.8M | $6.3M | |||||||
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $61.9M | $69.6M | |||||||||
| Ordinary shares par value | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| Common stock, shares authorized | 10.0B shares | ||||||||||
| Ordinary shares, issued | 790.0K shares | 1.7M shares | 30.8M shares | 6.0M shares | |||||||
| Ordinary shares, outstanding | 30.8M shares | ||||||||||
| Preferred stock, par value | $0.00 | $0.00 | |||||||||
| Preferred stock, shares authorized | 1.0B shares | 1.0B shares | |||||||||
| Preferred stock, shares issued | 0 shares | 0 shares | |||||||||
| Preferred stock, shares outstanding | 0 shares | 0 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 before tax | -$433.0K | -$3.2M | $1.7M |
| Depreciation of property and equipment | $420.0K | $397.0K | $907.0K |
| Depreciation of right-of-use assets | $845.0K | $812.0K | $866.0K |
| Inventories written down, net | $655.0K | $943.0K | $452.0K |
| Written off of advance to suppliers | $956.0K | ||
| Impairment loss on advance to suppliers | $223.0K | ||
| Gain on disposal of property and equipment | -$5.0K | -$50.0K | -$5.0M |
| Gain on disposal of financial assets available for sales | -$3.0K | ||
| Gain on early termination on lease liability | -$113.0K | ||
| Provision of impairment of trade receivables | $145.0K | $532.0K | $145.0K |
| Reversal of impairment of trade receivables | -$12.0K | -$58.0K | |
| Bad debt recovered | -$6.0K | ||
| Bad debt written off | $54.0K | ||
| Customer deposit forfeited | -$185.0K | -$70.0K | |
| Interest expense | $1.7M | ||
| (Gain)/Loss on revaluation of quoted shares | -$39.0K | $35.0K | $22.0K |
| Share based compensation | $1.2M | ||
| Accounts receivables | -$802.0K | -$1.3M | $1.8M |
| Inventories | $3.6M | -$9.3M | $3.6M |
| Deposits, prepayments and other receivables | $5.2M | -$7.7M | $408.0K |
| Accounts payable and accrued liabilities | -$1.4M | $2.0M | -$2.1M |
| Customer deposits | -$3.4M | $2.5M | -$2.8M |
| Income tax payable | -$2.0K | -$675.0K | |
| Net cash provided by/(used in) operating activities | $6.4M | -$12.9M | $55.0K |
| Purchase of property and equipment | -$202.0K | -$598.0K | -$2.0M |
| Proceeds from disposal of property and equipment | $5.0K | $464.0K | $10.9M |
| Investment in equity securities | -$2.2M | ||
| Proceeds from/(investment in) financial assets available for sales, net | -$38.0K | $160.0K | $71.0K |
| Net cash (used in)/generated from investing activities | -$235.0K | $26.0K | $6.8M |
| Proceeds from bank borrowing | $30.1M | $39.4M | |
| Repayment of bank borrowing | -$34.6M | -$31.8M | -$7.4M |
| Proceeds from lease liabilities | $1.8M | $5.7M | |
| Repayment of lease liabilities | -$6.3M | -$4.2M | -$6.4M |
| Payment of interest on lease liabilities | -$431.0K | ||
| Payment of interest on bank borrowings | -$544.0K | ||
| Proceeds from shares issuance net of deferred offering costs | $2.7M | $13.5M | |
| Payment of dividends | -$10.5M | ||
| Loan from Director | $9.9M | ||
| Net cash (used in)/generated from financing activities | -$7.3M | $9.2M | -$875.0K |
| Effect on exchange rate change on cash and cash equivalents | -$176.0K | -$153.0K | $80.0K |
| Net change in cash and cash equivalent | -$1.4M | -$3.8M | $6.1M |
| Cash paid for income taxes | -$175.0K | -$18.0K | -$675.0K |
| Cash refund for income taxes | $175.0K | $18.0K | |
| Cash paid for interest | $975.0K | $803.0K | $1.1M |
No quarter-by-quarter statement was filed.
Corporate structure
Multi Ways Holdings Ltd sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Multi Ways Holdings Ltd
- MWE Investments Ltd Filed SC 13D on Multi Ways Holdings Ltd, latest Aug 7, 2024 (2 filings since Feb 14, 2024)
- Multi Ways Holdings Ltd
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Multi Ways 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 | $4.7M2 Dec 31, 2025 | $4.3M2 Dec 31, 2024 | +8.1% |
| Accumulated depreciation | $3.2M2 Dec 31, 2025 | $2.7M2 Dec 31, 2024 | +19.0% |
| Property and equipment, net | $1.4M2 Dec 31, 2025 | $1.6M2 Dec 31, 2024 | −10.6% |
| Operating-lease assets (leased space) | $1.3M2 Dec 31, 2025 | $774.0K2 Dec 31, 2024 | +67.2% |
Investments
Inventory
Filings
68 filings to the SEC since October 2021: 4 annual reports, 2 large holders, 62 other. The latest 20:
- May 8, 202620-F EDGAR
- Apr 30, 2026NT 20-F EDGAR
- Feb 12, 20266-K EDGAR
- Dec 23, 20256-K EDGAR
- Dec 4, 20256-K EDGAR
- Oct 27, 20256-K EDGAR
- Oct 10, 20256-K EDGAR
- Sep 26, 20256-K EDGAR
- Sep 15, 20256-K EDGAR
- Sep 15, 2025424B4 EDGAR
- Sep 10, 2025EFFECT EDGAR
- Sep 9, 2025CORRESP EDGAR
- Sep 9, 2025CORRESP EDGAR
- Aug 12, 2025F-1/A EDGAR
- Jul 18, 2025CORRESP EDGAR
- Jul 18, 2025F-1/A EDGAR
- Jun 16, 20256-K EDGAR
- May 29, 20256-K EDGAR
- May 23, 202520-F EDGAR
- May 23, 20256-K EDGAR
The 68 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.
- MWE Investments LtdSC 13D, 2 filings Feb 14, 2024 to Aug 7, 20248
SEC filer profile
How Multi Ways 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 EDGARMulti Ways Holdings Ltd1
- CIK0001941500
- Filer statusNon-accelerated filer an emerging growth company; a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)3990 Miscellaneous Manufacturing Industries1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address3E Gul Circle, Singapore, U0 6296331
- Phone628752521
- Shares outstanding41,330,000 Common Class A shares; 10,000,000 Common Class B shares as of Dec 31, 20254
- AuditorOnestop Assurance PAC, Singapore PCAOB ID 6732; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceAug 26, 20221
- Filings68 in all: 6-K (23), CORRESP (7), F-1/A (5), UPLOAD (5), 20-F (4), NT 20-F (4), 424B4 (3), DRS/A (2)1
All 20 form types
DRSLTR (2), EFFECT (2), F-1 (2), 6-K/A (1), 8-A12B (1), CERT (1), DRS (1), F-1MEF (1), S-8 (1), S-8 POS (1), SC 13D (1), SC 13G (1)
- Latest filingsAnnual report (20-F) May 8, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Ordinary Shares, par value $0.0025 per share | MWG | NYSE American LLC |
From the cover page of the 20-F filed May 8, 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
- 8