Ten-League Guides S$75–76M 2025 Revenue and 165–192% Net Income Surge
Ten-League International Holdings projects Fiscal Year 2025 net revenue of S$75.0–76.0 million, a 28.2%–29.9% increase, and net income of S$5.0–5.5 million, up 165.4%–191.9% year-over-year. The company cites robust demand from the partial handover and commencement of Changi Airport Terminal 5 works.
1. Fiscal Year 2025 Financial Guidance
Ten-League forecasts net revenue between S$75.0 million and S$76.0 million, marking a 28.2%–29.9% year-over-year gain. Net income is projected at S$5.0 million to S$5.5 million, a jump of 165.4%–191.9%, with EPS of US$0.14 to US$0.15, up 174.3%–201.7%.
2. Changi Airport Terminal 5 Contribution
Demand remained strong due to commencement and partial handover of Changi Airport Terminal 5 construction, driving both equipment sales and rental services. The project’s scale and national importance underpinned the guidance uplift.
3. Business Operations and Outlook
The company supplies heavy equipment, parts, rentals and engineering consultancy to infrastructure, construction and port sectors. Management plans to maintain operational excellence and sustainable value creation as major infrastructure projects progress.