Ten-League International Holdings Ltd

Ten-League International Holdings Limited announced its unaudited financial results for the first six months of fiscal year 2026. Revenue decreased by 12.2% to S$33.1 million (US$25.6 million), primarily due to a significant drop in heavy equipment sales. However, the company saw substantial growth in engineering consultancy service income (up 669.4%) and a modest increase in rental income (up 9.9%), reflecting a strategic shift towards higher-value services. Despite lower overall revenue, gross profit margin improved slightly to 24.0%. Net income and EPS declined compared to the prior year. The company also successfully regained compliance with Nasdaq's minimum bid price requirement following a reverse share split.

Ten-League International Holdings Ltd. announced it regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share as of May 26, 2026. The company had previously faced a delisting determination but was granted continued listing by a Nasdaq Hearings Panel, conditional on achieving compliance by May 15, 2026. Ten-League will remain under a mandatory panel monitor until May 25, 2027, with no grace period for future non-compliance.

Ten-League International Holdings Limited has adopted its Third Amended and Restated Memorandum and Articles of Association, effective May 1, 2026, following a special resolution passed on April 13, 2026. The updated documents confirm the company's name, registered office in the Cayman Islands, and state that its objects are unrestricted. The authorized share capital remains US$500,000, divided into 2,000,000,000 Ordinary Shares of US$0.00025 par value each, with shareholder liability limited to unpaid amounts on shares.

Ten-League International Holdings Limited announced a one-for-ten reverse stock split of its ordinary shares, approved by its board on April 6, 2026, and shareholders on April 13, 2026. The post-split shares will begin trading on Nasdaq on May 1, 2026, under a new CUSIP number. This action is intended to increase the market price per share to help the company maintain its Nasdaq listing. The par value will increase, and outstanding shares are expected to be approximately 2,940,435 after the split.