Ten-League International Holdings Limited (NASDAQ:TLIH), a Singapore-based provider of turnkey project solutions for the port, construction, civil engineering and underground foundation sectors, issued upbeat financial guidance for fiscal year 2025, citing robust demand tied to major infrastructure developments in Singapore.
The company, which supplies heavy equipment, spare parts and engineering consultancy services, said it expects FY2025 net revenue to reach between S$75.0 million and S$76.0 million, representing growth of roughly 28% to 30% compared with the prior year.
Ten-League also projected net income of S$5.0 million to S$5.5 million and earnings per share of US$0.14 to US$0.15, implying profit growth exceeding 160%. The anticipated expansion is largely driven by increased activity linked to large-scale infrastructure projects, including the commencement and partial handover phases of work related to Singapore’s Changi Airport Terminal 5 development.
Management said the outlook reflects strong operational execution alongside sustained demand for the company’s equipment and engineering solutions as national infrastructure projects progress.
The guidance highlights Ten-League’s expanding role in Singapore’s infrastructure build-out and points to the potential for improved shareholder returns, although final results will be confirmed following completion of the FY2025 audit and required regulatory filings.
More about Ten-League International Holdings Limited
Ten-League International Holdings Limited provides turnkey project solutions focused on port operations, construction, civil engineering and underground foundation work. The company’s activities include the sale and rental of heavy machinery — such as foundation, hoisting, excavation and port equipment — as well as engineering consultancy services designed to enhance safety, reliability and efficiency across large infrastructure projects.