Ten‑League International Holdings Limited completed the handover of five hydraulic grabs to Bachy Soletanche Singapore Pte. Ltd. on 19 December 2025. The grabs will be deployed on the Cross Island Line (CRL), Singapore’s longest fully underground MRT line, and represent a critical foundation‑excavation tool for the project’s underground station construction.
The handover is a key milestone for Ten‑League, reinforcing its role as a trusted supplier for large‑scale civil‑engineering projects. It strengthens the company’s partnership with Bachy Soletanche and positions Ten‑League to secure future work on the CRL and other MRT projects, potentially boosting revenue and solidifying its competitive advantage in Singapore’s infrastructure market.
Ten‑League’s first‑half 2025 results reflected the momentum from projects like the CRL. Revenue rose 21.6% to S$1.45 billion, driven by strong demand in its core equipment‑sales and rental segments. Gross profit margin expanded to 23.5% from 17.0% in the prior year, a lift largely attributable to a more favorable product mix and higher‑margin contracts. Net income increased 35% to S$0.32 billion, underscoring the company’s ability to convert top‑line growth into profitability.
CEO Jison Lim said the handover “represents a significant development for Ten‑League as we continue to expand our role in supporting major infrastructure programs in Singapore.” He added that the company’s “strong execution of growth initiatives and resilience across our core businesses” has positioned it to deepen customer relationships and enhance visibility, even as it navigates a Nasdaq minimum bid‑price deficiency and a low Altman Z‑Score.
While the handover signals operational success, Ten‑League remains mindful of headwinds such as supply‑chain constraints and competitive pricing pressure in the heavy‑equipment market. Nonetheless, the company’s focus on cost discipline, strategic partnerships, and high‑margin product mix is expected to sustain its growth trajectory and support future opportunities on the CRL and beyond.
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