Annonce • May 01
Multi Ways Holdings Limited announced delayed 20-F filing On 04/30/2026, Multi Ways Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Annonce • Apr 08
Multi Ways Holdings Limited Expands Electric Vehicle Product Line Through C&C Partnership Negotiations Multi Ways Holdings Limited is currently in active negotiations with C&C to expand its line of electric vehicle products, while simultaneously preparing for the imminent commercial launch of hybrid and electric construction equipment. The Company's construction equipment is deployed in support of Changi Airport Terminal 5 and the Long Island reclamation project. In connection with these projects, Multi Ways is in active discussions with cement batching plants to integrate its latest hybrid and electric construction equipment into their operations. Securing these integrations would represent a meaningful commercial validation of the Company's electrification strategy at scale. A significant market catalyst underpinning the Company's electrification strategy is Singapore's Energy Efficiency Grant (EEG), administered through the Singapore Government's GoBusiness platform. The EEG provides funding support of up to 70% of qualifying equipment acquisition costs for eligible SME businesses in the construction sector — covering equipment categories including electric crawler cranes, electric excavators, and electric wheel loaders. The Company expects to finalize the terms of its expanded EV product arrangement with C&C and to complete near-term preparations for the commercial launch of its hybrid and electric construction equipment line. New Risk • Feb 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$13.1m market cap). Reported Earnings • Dec 28
First half 2025 earnings released: EPS: US$0.027 (vs US$0.002 in 1H 2024) First half 2025 results: EPS: US$0.027 (up from US$0.002 in 1H 2024). Revenue: US$26.4m (up 88% from 1H 2024). Net income: US$903.0k (up US$826.0k from 1H 2024). Profit margin: 3.4% (up from 0.5% in 1H 2024). The increase in margin was driven by higher revenue. New Risk • Dec 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (US$12.9m market cap). Annonce • Oct 28
Multi Ways Holdings Limited, Annual General Meeting, Nov 26, 2025 Multi Ways Holdings Limited, Annual General Meeting, Nov 26, 2025, at 14:00 Singapore Standard Time. Location: 3e gul circle, 629633, Singapore New Risk • Sep 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$13.2m market cap). Annonce • Sep 16
Multi Ways Holdings Limited has completed a Follow-on Equity Offering in the amount of $1.485 million. Multi Ways Holdings Limited has completed a Follow-on Equity Offering in the amount of $1.485 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,000,000
Price\Range: $0.165
Discount Per Security: $0.00825
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 9,000,000
Transaction Features: Registered Direct Offering New Risk • Sep 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.0% per year over the past 5 years. Market cap is less than US$10m (US$8.63m market cap). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Annonce • May 01
Multi Ways Holdings Limited announced delayed 20-F filing On 04/30/2025, Multi Ways Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Reported Earnings • Apr 02
First half 2024 earnings released: EPS: US$0.002 (vs US$0.17 loss in 1H 2023) First half 2024 results: EPS: US$0.002 (up from US$0.17 loss in 1H 2023). Revenue: US$14.1m (down 1.9% from 1H 2023). Net income: US$77.0k (up US$4.82m from 1H 2023). Profit margin: 0.5% (up from net loss in 1H 2023). Annonce • Mar 30
Multi Ways Holdings Limited has filed a Follow-on Equity Offering in the amount of $1.962 million. Multi Ways Holdings Limited has filed a Follow-on Equity Offering in the amount of $1.962 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,000,000
Price\Range: $0.218
Discount Per Security: $0.0109
Transaction Features: Registered Direct Offering New Risk • Feb 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$11.6m market cap). New Risk • Jan 11
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (US$9.58m market cap). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Reported Earnings • Jan 05
First half 2024 earnings released: EPS: US$0.002 (vs US$0.15 loss in 1H 2023) First half 2024 results: EPS: US$0.002 (up from US$0.15 loss in 1H 2023). Revenue: US$14.1m (down 1.9% from 1H 2023). Net income: US$77.0k (up US$4.82m from 1H 2023). Profit margin: 0.5% (up from net loss in 1H 2023). New Risk • Jan 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 41% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (41% accrual ratio). Market cap is less than US$10m (US$9.41m market cap). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (7.5% increase in shares outstanding). Board Change • Dec 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chief Administration Officer & Executive Director NG Lee is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Oct 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.76m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue has declined by 6.1% over the past year. Market cap is less than US$10m (US$9.76m market cap). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Annonce • Oct 03
Multi Ways Holdings Limited, Annual General Meeting, Oct 30, 2024 Multi Ways Holdings Limited, Annual General Meeting, Oct 30, 2024, at 14:00 Singapore Standard Time. Location: 3e gul circle, 629633, Singapore New Risk • Aug 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (26% average weekly change). Revenue has declined by 6.1% over the past year. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Market cap is less than US$100m (US$12.1m market cap). Board Change • Jul 30
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chief Administration Officer & Executive Director NG Lee is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • May 01
Multi Ways Holdings Limited announced delayed 20-F filing On 04/30/2024, Multi Ways Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Nov 08
New major risk - Revenue and earnings growth Revenue has declined by 20% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Revenue has declined by 20% over the past year. Market cap is less than US$10m (US$7.00m market cap). New Risk • Nov 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$7.45m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Market cap is less than US$10m (US$7.45m market cap). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 66% After last week's 66% share price decline to US$2.01, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 13x in the Trade Distributors industry in the US. Board Change • Apr 05
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chief Administration Officer & Executive Director NG Lee is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.