What is Multi Ways Holdings Ltd's earnings per share (EPS)?

Multi Ways Holdings Ltd (MWG) reported diluted earnings per share of $-0.11 for fiscal year 2025. This represents a 87.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Multi Ways Holdings Ltd Financials

MWG

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Multi Ways Holdings Ltd (MWG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MWG FY2025 2026-06-12

A working-capital-heavy trading model drives results here, with inventory turns and financing costs mattering more than accounting profit.

In FY2025 the company posted a -$433K net loss yet produced $6.4M of operating cash flow and $6.2M of free cash flow, a sharp reversal from FY2024’s -$12.9M operating cash burn. That profit-cash mismatch, alongside $42.4M of inventory and only $1.9M of cash, suggests the business’s real engine is working-capital release rather than a steadily cash-rich earnings base.

The FY2025 operating rebound came from higher volume and cost absorption, not cleaner unit economics: revenue rose to $44.8M and operating income turned positive at $772K, even as gross margin fell to 24.8% from FY2024’s 31.3%. Below the operating line, interest expense of $1.7M still exceeded operating profit, which is why better sales did not translate into positive net income.

The balance sheet looks stronger in headline leverage terms, with total liabilities down to $39.3M from $49.5M and the debt-to-equity ratio improving to 1.7x from 2.5x. But liquidity still depends on inventory: stock made up roughly three-quarters of current assets in FY2025, so a current ratio of 1.6x is less protective than it first appears.

Financial Health Signals

Financial Health Score 35/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Multi Ways Holdings Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Multi Ways Holdings Ltd has an operating margin of 1.7%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is up from -6.2% the prior year.

Growth

Multi Ways Holdings Ltd's revenue surged 44.1% year-over-year to $44.8M, reflecting rapid business expansion. This strong growth earns a score of 69/100.

Leverage

Multi Ways Holdings Ltd has a moderate D/E ratio of 1.73. This balance of debt and equity financing earns a leverage score of 33/100.

Liquidity

Multi Ways Holdings Ltd's current ratio of 1.57 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Multi Ways Holdings Ltd's free cash flow margin of 13.7% results in a low score of 17/100. Capital expenditures of $202K absorb a large share of operating cash flow.

Returns

Multi Ways Holdings Ltd generates a -1.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 22/100. This is up from -14.2% the prior year.

Altman Z-Score Distress

1.26

Multi Ways Holdings Ltd scores 1.26, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/7

Multi Ways Holdings Ltd passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-14.67x

For every $1 of reported earnings, Multi Ways Holdings Ltd generates $-14.67 in operating cash flow ($6.4M OCF vs -$433K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

0.5x

Multi Ways Holdings Ltd earns $0.5 in operating income for every $1 of interest expense ($772K vs $1.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$44.8M

YoY+44.1%

5Y CAGR+8.4%

Multi Ways Holdings Ltd generated $44.8M in revenue in fiscal year 2025. This represents an increase of 44.1% from the prior year.

EBITDA

$1.2M

YoY+177.4%

5Y CAGR+17.5%

Multi Ways Holdings Ltd's EBITDA was $1.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 177.4% from the prior year.

Net Income

-$433K

YoY+84.8%

Multi Ways Holdings Ltd reported -$433K in net income in fiscal year 2025. This represents an increase of 84.8% from the prior year.

EPS (Diluted)

$-0.11

YoY+87.8%

Multi Ways Holdings Ltd earned $-0.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 87.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$6.2M

YoY+145.5%

5Y CAGR+43.3%

Multi Ways Holdings Ltd generated $6.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 145.5% from the prior year.

Cash & Debt

$1.9M

YoY-41.9%

Multi Ways Holdings Ltd held $1.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

24.8%

YoY-6.5pp

5Y CAGR+1.9pp

Multi Ways Holdings Ltd's gross margin was 24.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 6.5 percentage points from the prior year.

Operating Margin

1.7%

YoY+8.0pp

5Y CAGR+3.7pp

Multi Ways Holdings Ltd's operating margin was 1.7% in fiscal year 2025, reflecting core business profitability. This is up 8.0 percentage points from the prior year.

Net Margin

-1.0%

YoY+8.2pp

5Y CAGR-5.4pp

Multi Ways Holdings Ltd's net profit margin was -1.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 8.2 percentage points from the prior year.

Return on Equity

-1.9%

YoY+12.3pp

5Y CAGR-10.3pp

Multi Ways Holdings Ltd's ROE was -1.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 12.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$202K

YoY-66.2%

5Y CAGR-20.5%

Multi Ways Holdings Ltd invested $202K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 66.2% from the prior year.

MWG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$44.8M+44.1%	$31.1M-13.7%	$36.0M-6.1%	$38.4M+14.8%	$33.4M+11.8%	$29.9M
Cost of Revenue	$33.7M+57.8%	$21.4M-22.0%	$27.4M-4.4%	$28.6M+19.0%	$24.0M+4.4%	$23.0M
Gross Profit	$11.1M+14.1%	$9.7M+12.3%	$8.7M-11.2%	$9.7M+4.1%	$9.4M+36.8%	$6.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$8.1M-7.1%	$8.7M-18.9%	$10.8M+59.8%	$6.7M+2.1%	$6.6M+5.0%	$6.3M
Operating Income	$772K+139.8%	-$1.9M+37.0%	-$3.1M-305.9%	$1.5M-8.5%	$1.6M+370.1%	-$605K
Interest Expense	$1.7M+12.3%	$1.5M+36.2%	$1.1M+47.7%	$748K+4.5%	$716K-16.6%	$858K
Income Tax	N/A	-$310K-484.9%	-$53K-110.0%	$529K+130.0%	$230K+7566.7%	$3K
Net Income	-$433K+84.8%	-$2.9M-259.5%	$1.8M+82.9%	$978K-45.7%	$1.8M+36.5%	$1.3M
EPS (Diluted)	$-0.11+87.8%	$-0.90-252.5%	$0.59+1375.0%	$0.04-42.9%	$0.07	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

MWG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$61.9M-11.0%	$69.6M+20.0%	$58.0M+9.9%	$52.8M-3.3%	$54.6M	N/A
Current Assets	$57.0M-12.3%	$65.0M+24.1%	$52.4M+18.9%	$44.1M-2.3%	$45.1M	N/A
Cash & Equivalents	$1.9M-41.9%	$3.3M-53.9%	$7.1M+605.2%	$1.0M-34.6%	$1.5M	N/A
Inventory	$42.4M-6.0%	$45.1M+22.9%	$36.7M+16.7%	$31.4M-4.4%	$32.9M	N/A
Accounts Receivable	$7.0M+13.5%	$6.2M+15.7%	$5.3M-33.4%	$8.0M+40.9%	$5.7M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$39.3M-20.6%	$49.5M+36.8%	$36.2M-22.2%	$46.5M-5.6%	$49.3M	N/A
Current Liabilities	$36.3M-19.0%	$44.8M+42.3%	$31.5M-23.6%	$41.2M+1.3%	$40.7M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$22.7M+12.8%	$20.1M-8.0%	$21.8M+245.8%	$6.3M+17.8%	$5.4M-66.0%	$15.7M
Retained Earnings	-$263K-254.7%	$170K-94.4%	$3.0M+144.9%	$1.2M+380.5%	$257K	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21
Total Assets	$61.9M-11.0%	$69.6M+20.0%	$58.0M+9.9%	$52.8M-3.3%	$54.6M
Current Assets	$57.0M-12.3%	$65.0M+24.1%	$52.4M+18.9%	$44.1M-2.3%	$45.1M
Cash & Equivalents	$1.9M-41.9%	$3.3M-53.9%	$7.1M+605.2%	$1.0M-34.6%	$1.5M
Inventory	$42.4M-6.0%	$45.1M+22.9%	$36.7M+16.7%	$31.4M-4.4%	$32.9M
Accounts Receivable	$7.0M+13.5%	$6.2M+15.7%	$5.3M-33.4%	$8.0M+40.9%	$5.7M
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$39.3M-20.6%	$49.5M+36.8%	$36.2M-22.2%	$46.5M-5.6%	$49.3M
Current Liabilities	$36.3M-19.0%	$44.8M+42.3%	$31.5M-23.6%	$41.2M+1.3%	$40.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$22.7M+12.8%	$20.1M-8.0%	$21.8M+245.8%	$6.3M+17.8%	$5.4M
Retained Earnings	-$263K-254.7%	$170K-94.4%	$3.0M+144.9%	$1.2M+380.5%	$257K

MWG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$6.4M+149.2%	-$12.9M-23572.7%	$55K-94.0%	$910K-83.8%	$5.6M+240.0%	$1.7M
Capital Expenditures	$202K-66.2%	$598K-69.4%	$2.0M+139.3%	$817K	N/A	$637K
Free Cash Flow	$6.2M+145.5%	-$13.5M-610.9%	-$1.9M-2143.0%	$93K	N/A	$1.0M
Investing Cash Flow	-$235K-1003.8%	$26K-99.6%	$6.8M+697.4%	-$1.1M-432.4%	$343K+160.7%	-$565K
Financing Cash Flow	-$7.3M-179.2%	$9.2M+1153.9%	-$875K-195.6%	-$296K+93.8%	-$4.8M-429.3%	-$899K
Dividends Paid	N/A	N/A	$10.5M+13567.5%	$77K-99.3%	$11.8M	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

MWG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	24.8%-6.5pp	31.3%+7.2pp	24.0%-1.4pp	25.4%-2.6pp	28.0%+5.1pp	22.9%
Operating Margin	1.7%+8.0pp	-6.2%+2.3pp	-8.6%-12.4pp	3.9%-1.0pp	4.9%+6.9pp	-2.0%
Net Margin	-1.0%+8.2pp	-9.2%-14.2pp	5.0%+2.4pp	2.5%-2.8pp	5.4%+1.0pp	4.4%
Return on Equity	-1.9%+12.3pp	-14.2%-22.4pp	8.2%-7.3pp	15.5%-18.1pp	33.6%+25.2pp	8.4%
Return on Assets	-0.7%+3.4pp	-4.1%-7.2pp	3.1%+1.2pp	1.8%-1.5pp	3.3%	N/A
Current Ratio	1.57+0.1	1.45-0.2	1.66+0.6	1.07-0.0	1.11	N/A
Debt-to-Equity	1.73-0.7	2.46+0.8	1.66-5.7	7.36-1.8	9.19	N/A
FCF Margin	13.7%+57.2pp	-43.5%-38.2pp	-5.3%-5.5pp	0.2%	N/A	3.4%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.57+0.1	1.45-0.2	1.66+0.6	1.07-0.0	1.11
Debt-to-Equity	1.73-0.7	2.46+0.8	1.66-5.7	7.36-1.8	9.19
FCF Margin	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Multi Ways Holdings Ltd's annual revenue?

Multi Ways Holdings Ltd (MWG) reported $44.8M in total revenue for fiscal year 2025. This represents a 44.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Multi Ways Holdings Ltd's revenue growing?

Multi Ways Holdings Ltd (MWG) revenue grew by 44.1% year-over-year, from $31.1M to $44.8M in fiscal year 2025.

Is Multi Ways Holdings Ltd profitable?

No, Multi Ways Holdings Ltd (MWG) reported a net income of -$433K in fiscal year 2025, with a net profit margin of -1.0%.

What is Multi Ways Holdings Ltd's EBITDA?

Multi Ways Holdings Ltd (MWG) had EBITDA of $1.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Multi Ways Holdings Ltd's gross margin?

Multi Ways Holdings Ltd (MWG) had a gross margin of 24.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Multi Ways Holdings Ltd's operating margin?

Multi Ways Holdings Ltd (MWG) had an operating margin of 1.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Multi Ways Holdings Ltd's net profit margin?

Multi Ways Holdings Ltd (MWG) had a net profit margin of -1.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Multi Ways Holdings Ltd's return on equity (ROE)?

Multi Ways Holdings Ltd (MWG) has a return on equity of -1.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Multi Ways Holdings Ltd's free cash flow?

Multi Ways Holdings Ltd (MWG) generated $6.2M in free cash flow during fiscal year 2025. This represents a 145.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Multi Ways Holdings Ltd's operating cash flow?

Multi Ways Holdings Ltd (MWG) generated $6.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Multi Ways Holdings Ltd's total assets?

Multi Ways Holdings Ltd (MWG) had $61.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Multi Ways Holdings Ltd's capital expenditures?

Multi Ways Holdings Ltd (MWG) invested $202K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Multi Ways Holdings Ltd's current ratio?

Multi Ways Holdings Ltd (MWG) had a current ratio of 1.57 as of fiscal year 2025, which is generally considered healthy.

What is Multi Ways Holdings Ltd's debt-to-equity ratio?

Multi Ways Holdings Ltd (MWG) had a debt-to-equity ratio of 1.73 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Multi Ways Holdings Ltd's return on assets (ROA)?

Multi Ways Holdings Ltd (MWG) had a return on assets of -0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Multi Ways Holdings Ltd's Altman Z-Score?

Multi Ways Holdings Ltd (MWG) has an Altman Z-Score of 1.26, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Multi Ways Holdings Ltd's Piotroski F-Score?

Multi Ways Holdings Ltd (MWG) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Multi Ways Holdings Ltd's earnings high quality?

Multi Ways Holdings Ltd (MWG) has an earnings quality ratio of -14.67x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Multi Ways Holdings Ltd cover its interest payments?

Multi Ways Holdings Ltd (MWG) has an interest coverage ratio of 0.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Multi Ways Holdings Ltd?

Multi Ways Holdings Ltd (MWG) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.