Multi Ways Holdings Ltd. (NYSEAMERICAN: MWG) jumped 48.72% in after-hours trading on Tuesday, rising to $0.38 after the company released its first-half 2025 financial results.

Check out the current price of MWG stock here. 

Revenue Nearly Doubles Year-Over-Year

The Singapore-based company reported net revenue of $26.44 million for the six months ended June 30, up 87.65% from $14.09 million in the same period last year.

Multi Ways Holdings credited the growth to strong equipment sales fueled by major local infrastructure projects, orders secured in 2024, and aggressive marketing efforts.

According to the company’s announcement, net income increased 1,025% year over year to $0.90 million from $0.08 million.

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Margin Pressure Amid Growth

Despite higher revenue, ...