TLIH Ten-League International Holdings Ltd

Overview and Growth

Ten-League International Holdings Ltd generated $59.24M of revenue in fiscal 2025, with net income of $4.34M and an operating cash inflow of $20.40M. The $59.24M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 38.4% above fiscal 2024 revenue of $42.82M, marking a year-over-year increase. On a per-share basis, diluted EPS was $0.15, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 200.0% increase from fiscal 2024 diluted EPS of $0.05. Revenue equaled 0.98x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $14.48M as gross profit before recognizing operating expenses and other items. Gross profit represented 24.4% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $5.59M, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 9.4%, showing how efficiently sales converted into operating profit. The bottom-line result was net income of $4.34M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 7.3% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $5.57M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 9.4%, adding a pre-tax profitability layer between revenue and net income. The company recognized $1.23M of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 22.0%, without assuming a statutory-rate comparison. Return on period-end equity was 33.5%, relating annual net income to the equity capital on the balance sheet. The net-income-to-assets relationship measured 7.2%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

The company held $60.18M of assets against $47.19M of liabilities and $12.99M of equity, revealing how the asset base was financed. Current assets were $34.16M against $39.28M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 0.87x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Cash and equivalents totaled $8.31M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 21.2% of current liabilities, showing how much near-term coverage came from cash alone. Liabilities represented 78.4% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 13.8% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $52.00M in fiscal 2024, the current asset base moved 15.7% and finished higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $20.40M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 4.69x of net income, showing how strongly accounting earnings converted into cash from operations. Capital spending was $13.38M, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 65.6% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $7.02M, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 11.9% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 11.7%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.