Singapore was Multi Ways Holdings’s largest region in fiscal 2025, bringing in $25.44M of $30.09M (85%).
| Geography | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Singapore | $15.81M | $17.43M | $17.88M | $25.44M | ||
| Other Countries | $13.49M | $10.79M | $5.02M | — | ||
| Australia | $9.06M | $6.74M | $728.00K | — | ||
| Canada | — | — | $4.84M | $4.65M | ||
| Taiwan | — | $1.06M | $2.60M | — | ||
| Total | $38.36M | $36.02M | $31.07M | $30.09M |
Multi Ways Holdings brought in $30.09M from its two regions in fiscal 2025, the year ended December 31, 2025. Multi Ways Holdings regrouped these regions after fiscal 2024, so the total does not compare directly with that year's $31.07M. Singapore was the largest at $25.44M (84.6%), ahead of Canada at $4.65M (15.4%).
Compared with fiscal 2024, Singapore grew 42.3% to $25.44M, while Canada fell 4.1% to $4.65M.
Multi Ways Holdings began breaking out Canada in fiscal 2024, when it brought in $4.84M. Multi Ways Holdings stopped reporting Other Countries ($5.02M in fiscal 2024), Taiwan ($2.60M in fiscal 2024) and Australia ($728.00K in fiscal 2024) as separate regions.
Equipment Sales was Multi Ways Holdings’s largest product and service line in fiscal 2024, bringing in $21.49M of $31.07M (69%).
| Product and Service | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Equipment Sales | $26.10M | $32.20M | $24.70M | $21.49M | |
| Rental | $4.42M | $3.80M | $4.95M | $7.17M | |
| Services | $2.89M | $2.35M | $6.37M | $2.41M | |
| Total | $33.41M | $38.36M | $36.02M | $31.07M |
Multi Ways Holdings brought in $31.07M from its three product and service lines in fiscal 2024, the year ended December 31, 2024. That was down 13.7% from $36.02M in fiscal 2023. Equipment Sales was the largest at $21.49M (69.2%), ahead of Rental at $7.17M (23.1%) and Services at $2.41M (7.7%).
Compared with fiscal 2023, Rental grew fastest, up 44.8% to $7.17M, while Services fell the most, down 62.2% to $2.41M. From fiscal 2021 to 2024, combined revenue from these lines fell from $33.41M to $31.07M, a compound annual decline of 2.4%. Equipment Sales' share of the total fell from 78.1% to 69.2%.
Multi Ways Holdings (MWG) reports its revenue by geography and by product and service. In fiscal 2025, Singapore was its largest region, bringing in $25.44M (84.6% of the total), followed by Canada at $4.65M (15.4%).
Singapore was Multi Ways Holdings' largest region in fiscal 2025, bringing in $25.44M, or 84.6% of the $30.09M total across its two regions.
Equipment Sales was Multi Ways Holdings' largest product and service line in fiscal 2024, bringing in $21.49M, or 69.2% of the $31.07M total across its three product and service lines.
Among Multi Ways Holdings' product and service lines that make up at least 2% of revenue, Rental grew fastest in fiscal 2024, up 44.8% from $4.95M to $7.17M.
Every figure comes from Multi Ways Holdings' annual financial filings, as reported. Each line keeps the name Multi Ways Holdings gives it, and years follow its fiscal calendar.
Multi Ways Holdings' revenue by geography goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.