Saturday 17 October 2026 Export MWG’s income statement to Excel — free account

Multi Ways Holdings Limited

MWG Industrials Rental & Leasing Services

Multi Ways Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $44.8 million, up 44.1% from fiscal 2024.

1.49 0.04 +2.76%

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Market cap: $7.4M
P/E: —
Fwd P/E: —
Dividend yield: —
F-score: 6/9
Altman Z: 1.32
Beneish M: −2.46
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	—	—	5	5	2	6
Altman Z-Score Full definition →	—	—	—	1.06	0.82	1.32
Altman Z″-Score (non-manufacturers) Full definition →	2.74	0.86	0.77	2.81	2.15	2.87
P/FCF ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00
Beneish M-Score Full definition →	—	81.69	(2.12)	(2.03)	(1.78)	(2.46)
P/Operating CF Full definition →	0.00	0.00	0.00	0.00	0.00	0.00
P/B ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	0.00	0.00	0.00	0.00	0.00	0.00
EV/EBITDA Full definition →	0.00	0.00	0.00	0.00	0.00	0.00
EV/Operating CF Full definition →	0.00	0.00	0.00	0.00	(0.49)	(0.76)
EV/FCF Full definition →	0.00	0.00	0.00	0.00	(0.80)	(0.71)
Quick Ratio Full definition →	0.26	0.18	0.23	0.44	0.26	0.31
Current Ratio Full definition →	1.54	1.11	1.07	1.66	1.45	1.57
Net Debt/EBITDA Full definition →	20.46	3.34	3.43	1.76	(12.81)	3.22
Debt/Assets Full definition →	40.87%	22.57%	22.80%	8.65%	18.17%	13.84%
Debt/Equity Full definition →	1.35	2.30	1.91	0.23	0.63	0.38
Asset Turnover Full definition →	0.00	0.71	0.71	0.65	0.49	0.68
Operating CF/Net income Full definition →	1.26	3.13	0.93	0.03	4.52	(14.67)
Capex/Depreciation Full definition →	0.00	0.21	(0.50)	5.04	(0.11)	(0.16)
Interest Coverage Full definition →	(1.39)	2.28	2.00	(2.79)	(1.29)	0.46
ROE Full definition →	0.00%	20.86%	16.76%	12.72%	(13.62%)	(2.03%)
ROA Full definition →	0.00%	3.83%	1.82%	3.23%	(4.47%)	(0.66%)
ROIC Full definition →	0.00%	6.32%	5.49%	(9.85%)	(4.12%)	1.65%
Return on Tangible Assets Full definition →	4.90%	14.80%	9.68%	7.87%	(13.10%)	(1.96%)
Average Days of Receivables Full definition →	83.59	62.32	76.80	64.95	98.47	75.67
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	24.92%	23.12%	21.50%	32.56%	37.50%	23.03%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	3.85%	0.00%
Graham Net Nets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00
Graham Number Full definition →	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow Yield Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue per Share Full definition →	0.22	13.47	15.47	12.30	9.78	11.66
Operating CF per Share Full definition →	0.01	2.27	0.37	0.02	(4.06)	1.66
Capex per Share Full definition →	0.00	0.14	(0.33)	3.05	(0.04)	(0.05)
Free Cash Flow per Share Full definition →	0.01	2.41	0.04	3.07	(4.11)	1.60
Cash per Share Full definition →	0.00	0.62	0.54	2.50	1.04	0.53
Shareholders Equity per Share Full definition →	0.12	2.16	2.55	7.45	6.32	5.90
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	0.12	2.16	2.55	7.45	6.32	5.90
Free Cash Flow Full definition →	1.20	5.97	0.10	8.99	(13.04)	6.16
Working Capital Full definition →	10.76	4.45	2.89	20.90	20.20	20.71
Capital Expenditures Full definition →	(0.46)	0.34	(0.81)	8.94	(0.13)	(0.20)
Net Current Asset Value Full definition →	3.15	(4.14)	(2.40)	16.21	15.51	17.73
EV/EBIT Full definition →	0.00	0.00	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	0.00	(0.01)	0.02	(0.25)	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	0.14	0.21	0.23	0.98	0.76	0.89
Cash ROIC Full definition →	4.25%	31.08%	0.48%	26.33%	(36.20%)	18.51%
Accounts Receivable Turnover Full definition →	0.00	6.26	5.57	4.97	4.20	5.07
Accounts Payable Turnover Full definition →	0.00	5.81	6.23	5.74	3.65	5.33
Inventory Turnover Full definition →	0.00	0.86	0.89	0.80	0.52	0.77
Average Days of Payables Full definition →	84.37	66.98	60.98	63.46	118.63	61.89
Days of Inventory on Hand Full definition →	502.35	498.94	401.03	489.39	770.89	459.36
Average Receivables Full definition →	—	5.33	6.89	7.24	7.40	8.83
Average Payables Full definition →	—	4.14	4.60	4.77	5.85	6.33
Average Inventory Full definition →	—	27.93	32.16	34.07	40.90	43.75
Average Assets Full definition →	—	46.99	53.70	55.39	63.79	65.75
Average Common Equity Full definition →	—	8.63	5.84	14.07	20.95	21.36

Fold the line items

Columns are period end dates

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