TLDR
- TLIH sees FY2025 revenue rise nearly 30% year over year
- Net income forecast jumps up to 192% on project growth
- EPS guidance signals a triple-digit percentage increase
- Changi Terminal 5 works drive stronger profitability
- Infrastructure demand supports solid 2025 outlook
Ten-League International Holdings stock traded at $0.318 on Tuesday. The Singapore-based company issued strong Fiscal Year 2025 guidance. Management projected sharp gains in revenue, income, and earnings per share. The company expects net revenue between S$75.0 million and S$76.0 million.
Ten-League International Holdings Limited Ordinary Shares, TLIHÂ
This range equals US$58.3 million to US$59.1 million. The forecast implies year-over-year growth of 28.2% to 29.9%. Ten-League also guided net income between S$5.0 million and S$5.5 million. This equals US$3.9 million to US$4.3 million. The outlook reflects an increase from 165.4% to 191.9%.
Revenue Growth Driven by Infrastructure Projects
Ten-League attributed growth to strong infrastructure demand in Singapore. The company supported major national construction programs during the year. Changi Airport Terminal 5 works played a central role. The partial handover of Terminal 5 construction contributed to higher revenue. As a result, the company recorded improved project recognition. Management linked this milestone to stronger financial performance. Revenue is expected to increase by S$16.5 million to S$17.5 million. In U.S. dollar terms, this equals a rise from US$15.5 million to US$16.3 million.
The company expects steady execution across its project pipeline. Ten-League operates as a turnkey project solutions provider. It supplies heavy equipment and engineering services. Its customers operate in port, construction, and civil engineering sectors. The company organizes equipment into foundation, hoist, excavation, and port machinery categories. This structure allows focused deployment across project types. Additionally, it offers consultancy services for safety and productivity improvement.
Profitability and EPS Show Strong Acceleration
Ten-League expects earnings momentum to outpace revenue growth. Net income guidance implies a gain of S$3.1 million to S$3.6 million. This sharp rise reflects improved margins and project scale. Net income per share is projected to be between US $0.14 and US $0.15. This compares with a significantly lower base in the prior year. The forecast signals growth of 174.3% to 201.7%. Management linked profitability gains to operational execution. The company emphasized cost control and efficient deployment of resources. As infrastructure activity increased, earnings leverage strengthened.
Ten-League continues to position itself as a trusted equipment provider. It supports underground foundation and port development works. The company also integrates maintenance and repair services into its offerings. The business model centers on high-quality equipment and value-added engineering solutions. Continuous adoption of new technologies supports this approach. Management stated that this strategy underpins sustainable growth.
Guidance Framework and Risk Considerations
The company defined Fiscal Year 2025 as January 1 to December 31, 2025. Final audited results will follow the year-end. Ten-League plans to file its Form 20-F by April 30, 2026. Management clarified that guidance reflects anticipated results. Actual performance may vary depending on operating conditions. External factors could influence project timelines and margins. Ten-League reminded shareholders about risks tied to infrastructure cycles. Market conditions and project execution affect financial outcomes. Past performance does not guarantee future results.
The company filed its most recent Form 20-F in April 2025. That filing outlined operational and financial risks. It also detailed forward-looking statement considerations. Ten-League maintains focus on operational excellence and infrastructure partnerships. The strong FY2025 guidance highlights execution momentum. The outlook positions the company for expanded scale in Singapore’s development pipeline.


