NASDAQ : TLIH
Ten-League International Holdings Limited — Financial statements
Industrials · Industrial Distribution · Singapore
Last price 5.5 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 16.17M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Ten-League International Holdings Limited (TLIH) reported revenue of 71.59M SGD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 71.59M | 76.18M | 58.50M | 72.78M | 74.47M | 57.17M |
| Cost of Revenue | 53.86M | 57.56M | 47.82M | 56.83M | 59.75M | 46.50M |
| Gross Profit | 17.72M | 18.62M | 10.68M | 15.95M | 14.72M | 10.67M |
| Selling, General & Admin | 10.96M | 11.32M | 7.61M | 7.36M | 7.84M | 8.14M |
| Operating Expenses | 10.96M | 11.32M | 7.58M | 7.29M | 7.84M | 8.14M |
| Operating Income | 6.77M | 7.30M | 3.09M | 8.66M | 6.88M | 2.53M |
| Interest Expense | -827.00K | -880.00K | -949.00K | -822.00K | -519.00K | -565.00K |
| Interest & Investment Income | 358.00K | 266.00K | 616.00K | 34.00K | 132.00K | 282.00K |
| Currency Exchange Gain (Loss) | -146.00K | 105.00K | 9.00K | 143.00K | ||
| Other Non Operating Income (Expenses) | 395.00K | 512.00K | 223.00K | 285.00K | 293.00K | 228.00K |
| EBT Excluding Unusual Items | 6.55M | 7.30M | 2.99M | 8.30M | 6.79M | 2.47M |
| Gain (Loss) on Sale of Assets | 1.00K | -30.00K | -126.00K | 55.00K | 59.00K | 30.00K |
| Legal Settlements | -108.00K | -108.00K | -251.00K | -227.00K | -609.00K | |
| Pretax Income | 6.44M | 7.16M | 2.62M | 8.13M | 6.24M | 2.50M |
| Income Tax Expense | 1.50M | 1.58M | 731.00K | 1.05M | 1.24M | 712.00K |
| Net Income | 4.95M | 5.59M | 1.88M | 7.08M | 4.99M | 1.79M |
| Net Income to Common | 4.95M | 5.59M | 1.88M | 7.08M | 4.99M | 1.79M |
| Shares Outstanding (Basic) | 2.94M | 2.86M | 2.78M | 2.78M | 2.78M | |
| Shares Outstanding (Diluted) | 2.94M | 2.86M | 2.78M | 2.78M | 2.78M | |
| EPS (Basic) | 1.68 | 1.96 | 0.68 | 2.55 | 1.80 | |
| EPS (Diluted) | 1.68 | 1.96 | 0.68 | 2.55 | 1.80 | |
| Free Cash Flow | 1.62M | 9.03M | -7.81M | -18.20M | -9.46M | -7.77M |
| Free Cash Flow Per Share | 0.55 | 3.16 | -2.81 | -6.55 | -3.40 | |
| Gross Margin | 24.76% | 24.44% | 18.25% | 21.92% | 19.77% | 18.67% |
| Operating Margin | 9.46% | 9.58% | 5.29% | 11.90% | 9.24% | 4.42% |
| Profit Margin | 6.91% | 7.33% | 3.22% | 9.73% | 6.71% | 3.13% |
| Free Cash Flow Margin | 2.26% | 11.85% | -13.35% | -25.01% | -12.70% | -13.59% |
| EBITDA | 11.80M | 11.96M | 7.33M | 12.39M | 9.31M | 4.05M |
| EBITDA Margin | 16.49% | 15.70% | 12.53% | 17.02% | 12.50% | 7.09% |
| D&A For EBITDA | 5.03M | 4.66M | 4.24M | 3.73M | 2.43M | 1.53M |
| EBIT | 6.77M | 7.30M | 3.09M | 8.66M | 6.88M | 2.53M |
| EBIT Margin | 9.46% | 9.58% | 5.29% | 11.90% | 9.24% | 4.42% |
| Effective Tax Rate | 23.21% | 22.02% | 27.95% | 12.87% | 19.93% | 28.46% |
Balance sheet
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.94M | 10.68M | 686.00K | 2.34M | 5.98M | 9.07M |
| Short-Term Investments | 2.16M | 96.00K | 155.00K | 162.00K | 373.00K | 206.00K |
| Cash & Short-Term Investments | 13.10M | 10.78M | 841.00K | 2.50M | 6.35M | 9.28M |
| Accounts Receivable | 13.23M | 15.46M | 16.82M | 24.71M | 13.16M | 12.85M |
| Other Receivables | 477.00K | 125.00K | 116.00K | 87.00K | 1.34M | |
| Receivables | 13.23M | 15.93M | 16.95M | 24.83M | 13.25M | 14.19M |
| Inventory | 6.73M | 15.76M | 18.62M | 8.41M | 9.28M | 9.53M |
| Prepaid Expenses | 1.39M | 89.00K | 11.00K | 53.00K | 36.00K | |
| Other Current Assets | 70.00K | 2.77M | 2.10M | 235.00K | 38.00K | |
| Total Current Assets | 33.06M | 43.93M | 39.27M | 37.85M | 29.17M | 33.07M |
| Property, Plant & Equipment | 35.82M | 33.15M | 31.43M | 27.82M | 27.84M | 18.82M |
| Long-Term Accounts Receivable | 73.00K | 674.00K | 1.87M | |||
| Other Long-Term Assets | 338.00K | 304.00K | 343.00K | |||
| Total Assets | 69.21M | 77.38M | 71.05M | 65.74M | 57.67M | 53.76M |
| Accounts Payable | 18.56M | 23.15M | 21.67M | 24.43M | 13.41M | 10.06M |
| Accrued Expenses | 425.00K | 472.00K | 853.00K | 350.00K | 105.00K | |
| Short-Term Debt | 14.74M | 16.95M | 23.16M | 16.88M | 11.66M | 17.35M |
| Current Portion of Long-Term Debt | 175.00K | 256.00K | 249.00K | 241.00K | ||
| Current Portion of Leases | 7.04M | 6.61M | 7.42M | 6.25M | 6.05M | 4.39M |
| Current Income Taxes Payable | 1.04M | 993.00K | 127.00K | 309.00K | 527.00K | -630.00K |
| Current Unearned Revenue | 221.00K | 533.00K | 60.00K | |||
| Other Current Liabilities | 2.17M | 2.40M | 1.41M | 12.41M | 1.50M | |
| Total Current Liabilities | 41.38M | 50.51M | 55.95M | 50.44M | 44.66M | 33.03M |
| Long-Term Debt | 175.00K | 431.00K | 680.00K | |||
| Long-Term Leases | 6.76M | 7.56M | 6.87M | 9.21M | 8.47M | 7.36M |
| Long-Term Deferred Tax Liabilities | 2.61M | 2.61M | 2.02M | 1.59M | 861.00K | 432.00K |
| Total Liabilities | 50.76M | 60.68M | 64.83M | 61.41M | 54.42M | 41.50M |
| Additional Paid-In Capital | 5.78M | 883.00K | 883.00K | 883.00K | 883.00K | |
| Retained Earnings | 12.66M | 10.92M | 5.33M | 3.45M | 2.37M | 11.38M |
| Shareholders' Equity | 18.46M | 16.70M | 6.22M | 4.33M | 3.25M | 12.26M |
| Total Liabilities & Equity | 69.21M | 77.38M | 71.05M | 65.74M | 57.67M | 53.76M |
| Total Debt | 28.54M | 31.12M | 37.62M | 32.76M | 26.87M | 30.03M |
| Net Cash (Debt) | -15.45M | -20.34M | -36.78M | -30.26M | -20.52M | -20.75M |
| Net Cash Per Share | -5.26 | -7.12 | -13.23 | -10.89 | -7.38 | |
| Filing Date Shares Outstanding | 2.94M | 2.94M | 2.78M | 2.78M | ||
| Total Common Shares Outstanding | 2.94M | 2.94M | 2.78M | 2.78M | ||
| Working Capital | -8.33M | -6.58M | -16.68M | -12.59M | -15.49M | 42.00K |
| Book Value Per Share | 6.28 | 5.68 | 2.24 | 1.56 | ||
| Tangible Book Value | 18.46M | 16.70M | 6.22M | 4.33M | 3.25M | 12.26M |
| Tangible Book Value Per Share | 6.28 | 5.68 | 2.24 | 1.56 | ||
| Machinery | 43.38M | 38.12M | 34.05M | 30.79M | 19.05M |
Cash flow statement
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 4.95M | 5.59M | 1.88M | 7.08M | 4.99M | 1.79M |
| Depreciation & Amortization | 5.63M | 5.85M | 5.13M | 4.12M | 2.96M | 2.22M |
| Loss (Gain) From Sale of Assets | 30.00K | 126.00K | -761.00K | -1.65M | -49.00K | |
| Asset Writedown & Restructuring Costs | -51.00K | -60.00K | -24.00K | |||
| Other Operating Activities | -19.00K | |||||
| Change in Accounts Receivable | 1.69M | 977.00K | 8.22M | -12.18M | -2.95M | 34.00K |
| Change in Inventory | 19.63M | 11.43M | -8.89M | 867.00K | 690.00K | -1.65M |
| Change in Accounts Payable | -7.57M | -647.00K | -605.00K | -3.38M | 4.65M | 5.20M |
| Change in Income Taxes | 448.00K | 866.00K | -181.00K | -219.00K | 1.16M | -728.00K |
| Change in Other Net Operating Assets | 787.00K | 1.54M | -1.09M | -2.02M | -2.82M | -2.67M |
| Operating Cash Flow | 26.16M | 26.23M | 5.01M | -5.82M | 7.39M | 4.30M |
| Capital Expenditures | -24.54M | -17.20M | -12.82M | -12.38M | -16.85M | -12.07M |
| Sale of Property, Plant & Equipment | 47.00K | 3.40M | 8.90M | 6.11M | 20.00K | |
| Investing Cash Flow | -23.84M | -16.52M | -8.74M | -3.14M | -8.16M | -9.59M |
| Long-Term Debt Issued | 4.00M | 14.65M | 14.67M | 10.43M | 21.09M | |
| Long-Term Debt Repaid | -9.30M | -11.01M | -7.75M | -12.27M | -6.77M | |
| Lease Payments | -8.73M | -9.30M | -10.74M | -7.48M | -6.34M | -6.77M |
| Net Debt Issued (Repaid) | -3.66M | -5.29M | 3.65M | 6.92M | -1.84M | 14.32M |
| Issuance of Common Stock | 8.23M | 8.23M | ||||
| Other Financing Activities | -1.13M | -2.65M | -1.57M | -1.60M | -485.00K | -534.00K |
| Financing Cash Flow | 3.45M | 293.00K | 2.07M | 5.32M | -2.33M | 13.79M |
| Net Cash Flow | 5.77M | 10.00M | -1.65M | -3.64M | -3.10M | 8.50M |
| Free Cash Flow | 1.62M | 9.03M | -7.81M | -18.20M | -9.46M | -7.77M |
| Free Cash Flow Margin | 2.26% | 11.85% | -13.35% | -25.01% | -12.70% | -13.59% |
| Free Cash Flow Per Share | 0.55 | 3.16 | -2.81 | -6.55 | -3.40 | |
| Levered Free Cash Flow | -14.15M | -299.75K | -11.30M | -15.52M | 6.71M | |
| Unlevered Free Cash Flow | -13.63M | 250.25K | -10.71M | -15.01M | 7.03M | |
| Free Cash Flow After Leases | -7.11M | -268.00K | -18.55M | -25.68M | -15.80M | -14.54M |
| Cash Interest Paid | 827.00K | 880.00K | 949.00K | 822.00K | 517.00K | 565.00K |
| Cash Income Tax Paid | 452.00K | 115.00K | 481.00K | 540.00K | -344.00K | 1.00M |
| Change in Working Capital | 15.58M | 14.76M | -2.11M | -16.21M | 1.15M | 367.00K |
Ratios
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 16.17M | 10.29M | ||||
| Enterprise Value | 28.11M | 30.06M | ||||
| Last Close Price | 5.50 | 3.70 | ||||
| PE Ratio | 4.23 | 2.37 | ||||
| PS Ratio | 0.29 | 0.17 | ||||
| PB Ratio | 1.13 | 0.79 | ||||
| P/TBV Ratio | 1.13 | 0.79 | ||||
| P/FCF Ratio | 12.77 | 1.47 | ||||
| P/OCF Ratio | 0.79 | 0.50 | ||||
| EV/Sales Ratio | 0.51 | 0.51 | ||||
| EV/EBITDA Ratio | 3.08 | 3.23 | ||||
| EV/EBIT Ratio | 5.37 | 5.30 | ||||
| EV/FCF Ratio | 22.20 | 4.28 | ||||
| Debt / Equity Ratio | 1.55 | 1.86 | 6.05 | 7.56 | 8.26 | 2.45 |
| Debt / EBITDA Ratio | 2.02 | 2.31 | 4.48 | 2.53 | 2.63 | 6.81 |
| Debt / FCF Ratio | 17.63 | 3.45 | ||||
| Net Debt / Equity Ratio | 0.84 | 1.22 | 5.92 | 6.98 | 6.30 | 1.69 |
| Net Debt / EBITDA Ratio | 1.31 | 1.70 | 5.02 | 2.44 | 2.20 | 5.12 |
| Net Debt / FCF Ratio | 9.54 | 2.25 | -4.71 | -1.66 | -2.17 | -2.67 |
| Asset Turnover | 1.03 | 1.03 | 0.85 | 1.18 | 1.34 | |
| Inventory Turnover | 6.53 | 3.35 | 3.54 | 6.42 | 6.36 | |
| Quick Ratio | 0.64 | 0.53 | 0.32 | 0.54 | 0.44 | 0.71 |
| Current Ratio | 0.80 | 0.87 | 0.70 | 0.75 | 0.65 | 1.00 |
| Return on Equity (ROE) | 36.57% | 48.75% | 35.71% | 186.61% | 64.38% | |
| Return on Assets (ROA) | 6.11% | 6.15% | 2.83% | 8.77% | 7.72% | |
| Return on Invested Capital (ROIC) | 15.33% | 14.22% | 5.74% | 25.85% | 19.41% | 5.48% |
| Return on Capital Employed (ROCE) | 24.30% | 27.20% | 20.50% | 56.60% | 52.90% | 12.20% |
| Earnings Yield | 23.66% | 42.22% | ||||
| FCF Yield | 7.83% | 68.23% | ||||
| Buyback Yield / Dilution | -5.68% | -2.79% |