NASDAQ : INEO
INNEOVA Holdings Limited — Financial statements
Consumer Discretionary · Auto Parts · Singapore
Last price 0.5301 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.57M
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Financial statements
INNEOVA Holdings Limited (INEO) reported revenue of 53.45M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 53.45M | 58.42M | 62.74M | 62.69M | 51.45M | 43.22M |
| Cost of Revenue | 42.72M | 47.20M | 50.44M | 50.70M | 42.16M | 35.27M |
| Gross Profit | 10.73M | 11.22M | 12.30M | 12.00M | 9.28M | 7.95M |
| Selling, General & Admin | 10.89M | 11.27M | 11.05M | 9.14M | 7.67M | 6.85M |
| Operating Expenses | 11.17M | 11.27M | 11.05M | 9.14M | 7.67M | 6.85M |
| Operating Income | -441.00K | -51.00K | 1.25M | 2.85M | 1.61M | 1.10M |
| Interest Expense | -1.21M | -1.34M | -1.45M | -1.12M | -634.00K | -540.00K |
| Interest & Investment Income | 43.00K | 56.00K | 81.00K | 2.00K | 2.00K | 91.00K |
| Currency Exchange Gain (Loss) | 294.00K | 66.00K | 294.00K | 153.00K | 586.00K | 291.00K |
| Other Non Operating Income (Expenses) | 208.00K | 209.00K | 328.00K | 253.00K | 288.00K | 433.00K |
| EBT Excluding Unusual Items | -1.11M | -1.06M | 503.00K | 2.15M | 1.85M | 1.38M |
| Gain (Loss) on Sale of Assets | 2.00K | 12.00K | -2.00K | |||
| Pretax Income | -1.11M | -1.05M | 501.00K | 2.15M | 1.85M | 1.38M |
| Income Tax Expense | -742.00K | -656.00K | 125.00K | 285.00K | 325.00K | 8.00K |
| Net Income | -366.00K | -397.00K | 376.00K | 1.86M | 1.53M | 1.37M |
| Net Income to Common | -366.00K | -397.00K | 376.00K | 1.86M | 1.53M | 1.37M |
| Shares Outstanding (Basic) | 16.17M | 14.40M | 9.54M | 9.38M | 9.00M | 9.38M |
| Shares Outstanding (Diluted) | 16.17M | 14.40M | 9.54M | 9.38M | 9.00M | 9.38M |
| EPS (Basic) | -0.02 | -0.03 | 0.04 | 0.20 | 0.17 | 0.15 |
| EPS (Diluted) | -0.02 | -0.03 | 0.04 | 0.20 | 0.17 | 0.15 |
| Free Cash Flow | 7.29M | 4.43M | 1.79M | 3.43M | -2.34M | 3.09M |
| Free Cash Flow Per Share | 0.45 | 0.31 | 0.19 | 0.37 | -0.26 | 0.33 |
| Gross Margin | 20.07% | 19.21% | 19.61% | 19.13% | 18.04% | 18.40% |
| Operating Margin | -0.83% | -0.09% | 1.99% | 4.55% | 3.13% | 2.56% |
| Profit Margin | -0.69% | -0.68% | 0.60% | 2.97% | 2.97% | 3.17% |
| Free Cash Flow Margin | 13.63% | 7.58% | 2.86% | 5.47% | -4.55% | 7.15% |
| EBITDA | -24.00K | 363.00K | 1.54M | 3.10M | 1.77M | 1.28M |
| EBITDA Margin | -0.04% | 0.62% | 2.46% | 4.94% | 3.44% | 2.96% |
| D&A For EBITDA | 417.00K | 414.00K | 294.00K | 240.00K | 157.00K | 174.00K |
| EBIT | -441.00K | -51.00K | 1.25M | 2.85M | 1.61M | 1.10M |
| EBIT Margin | -0.83% | -0.09% | 1.99% | 4.55% | 3.13% | 2.56% |
| Effective Tax Rate | 24.95% | 13.29% | 17.55% | 0.58% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 644.00K | 1.06M | 1.79M | 690.00K | 919.00K | 1.09M |
| Short-Term Investments | 9.28M | 3.95M | 3.82M | 3.04M | 3.39M | 2.31M |
| Cash & Short-Term Investments | 9.92M | 5.01M | 5.61M | 3.73M | 4.31M | 3.40M |
| Accounts Receivable | 11.70M | 10.56M | 14.55M | 14.55M | 16.16M | 14.88M |
| Other Receivables | 2.40M | 2.08M | 1.43M | 63.00K | 14.00K | 70.00K |
| Receivables | 14.11M | 12.64M | 15.98M | 14.61M | 16.17M | 14.95M |
| Inventory | 16.93M | 18.55M | 19.39M | 18.96M | 18.78M | 15.27M |
| Restricted Cash | 314.00K | 315.00K | 298.00K | 297.00K | 368.00K | 365.00K |
| Total Current Assets | 41.27M | 36.52M | 41.28M | 37.60M | 39.63M | 33.98M |
| Property, Plant & Equipment | 4.13M | 2.79M | 3.08M | 1.46M | 702.00K | 430.00K |
| Long-Term Deferred Tax Assets | 934.00K | 837.00K | 128.00K | |||
| Other Long-Term Assets | 1.21M | 1.27M | 1.29M | |||
| Total Assets | 47.55M | 41.42M | 45.77M | 39.06M | 40.33M | 34.41M |
| Accounts Payable | 6.44M | 5.30M | 4.93M | 4.65M | 5.08M | 2.50M |
| Accrued Expenses | 433.00K | |||||
| Short-Term Debt | 14.12M | 15.75M | 17.81M | 14.64M | ||
| Current Portion of Long-Term Debt | 3.46M | 1.93M | 1.36M | 1.15M | 15.86M | 12.47M |
| Current Portion of Leases | 1.07M | 246.00K | 422.00K | 422.00K | 204.00K | 118.00K |
| Current Income Taxes Payable | 18.00K | 100.00K | 173.00K | 314.00K | 337.00K | 61.00K |
| Current Unearned Revenue | 10.47M | 5.65M | 5.45M | 3.97M | 4.04M | 2.81M |
| Other Current Liabilities | 4.18M | 5.47M | 6.88M | 9.31M | 10.94M | 12.05M |
| Total Current Liabilities | 39.76M | 34.44M | 37.02M | 34.45M | 36.90M | 30.01M |
| Long-Term Debt | 1.15M | 1.24M | 3.10M | 991.00K | 1.81M | 2.82M |
| Long-Term Leases | 1.39M | 648.00K | 572.00K | 525.00K | 242.00K | 260.00K |
| Long-Term Deferred Tax Liabilities | 78.00K | 112.00K | 164.00K | 39.00K | 38.00K | 38.00K |
| Total Liabilities | 42.37M | 36.45M | 40.86M | 36.01M | 38.98M | 33.12M |
| Common Stock | 8.00K | 8.00K | 5.00K | 5.00K | 5.00K | 9.00K |
| Additional Paid-In Capital | 1.01M | 1.01M | 1.01M | 1.24M | 1.24M | 1.24M |
| Retained Earnings | 4.77M | 4.49M | 4.89M | 1.81M | 100.00K | 130.00K |
| Comprehensive Income & Other | -604.00K | -535.00K | -994.00K | -1.00K | -72.00K | -90.00K |
| Total Common Equity | 5.18M | 4.97M | 4.91M | 3.05M | 1.27M | 1.29M |
| Minority Interest | 77.00K | |||||
| Shareholders' Equity | 5.18M | 4.97M | 4.91M | 3.05M | 1.35M | 1.29M |
| Total Liabilities & Equity | 47.55M | 41.42M | 45.77M | 39.06M | 40.33M | 34.41M |
| Total Debt | 21.18M | 19.82M | 23.27M | 17.72M | 18.11M | 15.66M |
| Net Cash (Debt) | -11.26M | -14.81M | -17.66M | -13.99M | -13.80M | -12.27M |
| Net Cash Per Share | -0.70 | -1.03 | -1.85 | -1.49 | -1.53 | -1.31 |
| Filing Date Shares Outstanding | 16.17M | 16.53M | 9.88M | 9.88M | 9.38M | 9.38M |
| Total Common Shares Outstanding | 16.17M | 16.53M | 9.88M | 9.00M | 9.38M | 9.38M |
| Working Capital | 1.51M | 2.08M | 4.25M | 3.15M | 2.73M | 3.97M |
| Book Value Per Share | 0.32 | 0.30 | 0.50 | 0.34 | 0.14 | 0.14 |
| Tangible Book Value | 5.18M | 4.97M | 4.91M | 3.05M | 1.27M | 1.29M |
| Tangible Book Value Per Share | 0.32 | 0.30 | 0.50 | 0.34 | 0.14 | 0.14 |
| Machinery | 2.84M | 2.80M | 2.70M | |||
| Leasehold Improvements | 1.71M | 1.72M | 1.62M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -366.00K | -397.00K | 376.00K | 1.86M | 1.53M | 1.37M |
| Depreciation & Amortization | 1.10M | 817.00K | 662.00K | 597.00K | 256.00K | 238.00K |
| Loss (Gain) From Sale of Assets | 12.00K | 12.00K | -2.00K | 4.00K | ||
| Provision & Write-off of Bad Debts | 665.00K | 800.00K | 907.00K | 251.00K | 182.00K | 1.00K |
| Other Operating Activities | 11.00K | 231.00K | 62.00K | 23.00K | ||
| Change in Accounts Receivable | 1.49M | 3.19M | -447.00K | 1.50M | -4.10M | 1.72M |
| Change in Inventory | 2.55M | 838.00K | 708.00K | -374.00K | -3.52M | 126.00K |
| Change in Accounts Payable | 920.00K | 367.00K | 2.00K | -279.00K | 3.12M | -169.00K |
| Change in Unearned Revenue | 4.34M | 201.00K | 1.47M | -63.00K | 1.22M | 8.00K |
| Change in Income Taxes | -1.00M | -834.00K | -154.00K | -12.00K | 276.00K | -22.00K |
| Change in Other Net Operating Assets | -3.54M | -552.00K | -998.00K | 29.00K | -1.08M | -178.00K |
| Operating Cash Flow | 6.16M | 4.44M | 2.53M | 3.74M | -2.06M | 3.12M |
| Capital Expenditures | 1.12M | -10.00K | -739.00K | -309.00K | -283.00K | -32.00K |
| Sale of Property, Plant & Equipment | 2.00K | |||||
| Investing Cash Flow | 1.12M | -10.00K | -739.00K | -309.00K | -283.00K | -30.00K |
| Short-Term Debt Issued | 1.06M | |||||
| Long-Term Debt Issued | 45.38M | 46.49M | 46.31M | 2.32M | ||
| Total Debt Issued | 43.55M | 45.38M | 46.49M | 46.31M | 2.32M | 1.06M |
| Short-Term Debt Repaid | -750.00K | |||||
| Long-Term Debt Repaid | -48.80M | -43.42M | -47.66M | -182.00K | -4.37M | |
| Total Debt Repaid | -48.85M | -48.80M | -43.42M | -47.66M | -182.00K | -5.12M |
| Net Debt Issued (Repaid) | -5.31M | -3.42M | 3.08M | -1.35M | 2.14M | -4.06M |
| Other Financing Activities | -1.58M | -2.04M | -3.71M | -2.46M | ||
| Financing Cash Flow | -7.96M | -5.46M | -628.00K | -3.82M | 2.14M | -4.06M |
| Foreign Exchange Rate Adjustments | -864.00K | 316.00K | -196.00K | 114.00K | 30.00K | -295.00K |
| Net Cash Flow | -1.54M | -714.00K | 971.00K | -272.00K | -170.00K | -1.26M |
| Free Cash Flow | 7.29M | 4.43M | 1.79M | 3.43M | -2.34M | 3.09M |
| Free Cash Flow Margin | 13.63% | 7.58% | 2.86% | 5.47% | -4.55% | 7.15% |
| Free Cash Flow Per Share | 0.45 | 0.31 | 0.19 | 0.37 | -0.26 | 0.33 |
| Levered Free Cash Flow | 6.60M | 3.17M | -2.81M | 234.62K | -746.00K | 16.02M |
| Unlevered Free Cash Flow | 7.36M | 4.01M | -1.91M | 933.38K | -349.75K | 16.36M |
| Cash Interest Paid | 1.21M | 1.34M | 1.45M | 1.12M | 634.00K | 540.00K |
| Cash Income Tax Paid | 198.00K | 206.00K | 280.00K | 297.00K | 57.00K | 30.00K |
| Change in Working Capital | 4.75M | 3.21M | 580.00K | 800.00K | -4.08M | 1.49M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.53M | 8.42M | 27.85M | |||
| Enterprise Value | 20.79M | 22.83M | 43.06M | |||
| Last Close Price | 0.53 | 0.51 | 2.82 | |||
| PE Ratio | 74.06 | |||||
| PS Ratio | 0.16 | 0.14 | 0.44 | |||
| PB Ratio | 1.66 | 1.69 | 5.67 | |||
| P/TBV Ratio | 1.66 | 1.69 | 5.67 | |||
| P/FCF Ratio | 1.18 | 1.90 | 15.51 | |||
| P/OCF Ratio | 1.39 | 1.90 | 10.99 | |||
| EV/Sales Ratio | 0.37 | 0.39 | 0.69 | |||
| EV/EBITDA Ratio | 62.89 | 27.90 | ||||
| EV/EBIT Ratio | 34.47 | |||||
| EV/FCF Ratio | 2.72 | 5.15 | 23.99 | |||
| Debt / Equity Ratio | 4.09 | 3.99 | 4.74 | 5.81 | 13.41 | 12.18 |
| Debt / EBITDA Ratio | 57.88 | 23.24 | 11.74 | 4.85 | 9.51 | 9.12 |
| Debt / FCF Ratio | 2.91 | 4.47 | 12.96 | 5.17 | 5.07 | |
| Net Debt / Equity Ratio | 2.17 | 2.98 | 3.60 | 4.59 | 10.21 | 9.54 |
| Net Debt / EBITDA Ratio | -469.21 | 40.81 | 11.45 | 4.52 | 7.81 | 9.59 |
| Net Debt / FCF Ratio | 1.54 | 3.34 | 9.84 | 4.08 | -5.90 | 3.97 |
| Asset Turnover | 1.07 | 1.34 | 1.48 | 1.58 | 1.38 | 1.16 |
| Inventory Turnover | 2.43 | 2.49 | 2.63 | 2.69 | 2.48 | 2.30 |
| Quick Ratio | 0.60 | 0.51 | 0.58 | 0.53 | 0.56 | 0.61 |
| Current Ratio | 1.04 | 1.06 | 1.11 | 1.09 | 1.07 | 1.13 |
| Return on Equity (ROE) | -4.48% | -8.03% | 9.45% | 84.51% | 115.81% | 18.15% |
| Return on Assets (ROA) | -0.55% | -0.07% | 1.84% | 4.50% | 2.69% | 1.85% |
| Return on Invested Capital (ROIC) | -2.68% | -0.24% | 4.73% | 15.38% | 9.25% | 5.11% |
| Return on Capital Employed (ROCE) | -5.70% | -0.70% | 14.30% | 62.00% | 46.80% | 25.10% |
| Earnings Yield | -3.84% | -4.71% | 1.35% | |||
| FCF Yield | 85.01% | 52.61% | 6.45% | |||
| Buyback Yield / Dilution | -23.16% | -50.89% | -1.81% | -4.17% | 4.00% |