Multi Ways Holdings (MWG) Company Report

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Research analysts covering Multi Ways Holdings.

Recent press releases and 8-K filings for MWG.

Multi Ways Holdings Limited Announces First Half Fiscal Year 2025 Results

MWG

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Multi Ways Holdings Limited reported a significant increase in revenue, reaching $26.44 million for the first half of fiscal year 2025, an 87.65% increase from $14.09 million in the same period of 2024, primarily driven by strong equipment sales.
Net income for the first half of fiscal year 2025 surged to $0.90 million, a 1,025.00% increase from $0.08 million in the prior year, with basic and diluted earnings per share rising to $0.0271 (2.71 cents) from $0.0025 (0.25 cents).
The gross profit margin decreased to 25.08% for the first half of 2025 from 33.07% in 2024, attributed to a sales mix with a higher contribution from lower-margin equipment products.
The company generated $5.39 million in cash from operating activities for the six months ended June 30, 2025, a significant improvement compared to $8.03 million cash used in operating activities for the same period in 2024.
Management is optimistic about business prospects for 2026, citing several major infrastructure projects in Singapore expected to commence or continue, such as the Changi Airport Terminal 5 expansion and the Jurong Region Line.

Dec 23, 2025, 10:00 PM

Multi Ways Holdings Ltd Shareholders Approve Share Re-designation, Board, Auditor, and Equity Plan Updates

MWG

Proxy Vote Outcomes

Board Change

Executive Compensation

At the General Meeting held on November 26, 2025, 66.65% of Multi Ways Holdings Limited's outstanding ordinary shares were present, and all proposals were approved.
Shareholders approved the re-designation and re-classification of the company's share capital, establishing Class A Ordinary Shares (1 vote per share) and Class B Ordinary Shares (50 votes per share), and Preferred Shares. The 51,330,000 issued ordinary shares were re-classified into 41,330,000 Class A Ordinary Shares and 10,000,000 Class B Ordinary Shares.
The re-appointment of five directors to the board was approved, and Onestop Assurance PAC was appointed as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
The 2024 Equity Incentive Plan was amended and restated, authorizing the issuance of up to 7,700,000 Ordinary Shares (to be re-designated as Class A Ordinary Shares) under the plan.

Dec 4, 2025, 9:30 PM

Multi Ways Holdings Limited to Vote on Share Consolidation, Multi-Class Share Structure, and Equity Plan Expansion

MWG

Delisting/Listing Issues

Board Change

Executive Compensation

Multi Ways Holdings Limited will hold an Annual General Meeting on November 26, 2025, to address several proposals, notably a share consolidation (reverse stock split) with a ratio between 1-for-2 and 1-for-50, aimed at maintaining its NYSE American listing after its share price fell below the $1.00 bid price requirement.
The company also proposes a redesignation and reclassification of share capital to establish a multi-class share structure, introducing Class A Ordinary Shares (1 vote per share) and Class B Ordinary Shares (50 votes per share), with MWE Investments Limited slated to receive all 10,000,000 Class B Ordinary Shares.
Further proposals include amending the 2024 Equity Incentive Plan to authorize an additional 4,700,000 Ordinary Shares for issuance, adopting a staggered board structure, and approving the sale of a 4.4% equity interest in Blissful Link Investments Limited to CEO Mr. Lim Eng Hock for US$2,200,000, to be offset against a director's loan.

Oct 27, 2025, 8:40 PM

Multi Ways Holdings Announces Closing of Second Tranche of Registered Direct Offering

MWG

Multi Ways Holdings Limited (MWG) announced the closing of the second tranche of its registered direct offering on September 26, 2025.
The offering involved 9,000,000 ordinary shares and warrants to purchase up to 9,000,000 ordinary shares.
The securities were priced at $0.165 per ordinary share and accompanying warrant.
This second tranche generated aggregate gross proceeds of $1,485,000 for the company.
The warrants are exercisable at $0.198 per share for a period of five years, and the net proceeds will be used for working capital and general corporate purposes.

Sep 26, 2025, 8:30 PM

Multi Ways Holdings Prices and Closes Registered Direct Offering

MWG

Multi Ways Holdings Limited announced the pricing of a registered direct offering on September 12, 2025, and its closing on September 15, 2025.
The offering involved 9,000,000 ordinary shares and warrants to purchase up to 9,000,000 ordinary shares.
The securities were priced at $0.165 per ordinary share and accompanying warrant, generating gross proceeds of $1,485,000.
Each warrant is exercisable at $0.198 per share for five years following issuance.
The company intends to use the net proceeds for working capital and general corporate purposes.

Sep 15, 2025, 9:00 PM

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