0001493152-26-020406 | 20-F | XBRL Viewer | Tenleague International Holdings LTD

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SCHEDULE OF DISAGGREGATION OF REVENUE BY BUSINESS SEGMENT (Details) - SGD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 76,178	$ 58,496	$ 72,782
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue	63,412	47,953	63,481
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue	12,766	10,543	9,301
Sale of Heavy Equipment and Parts [Member]
Disaggregation of Revenue [Line Items]
Total revenue	61,234	45,763	56,449
Sale of Heavy Equipment and Parts [Member] \| Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue	61,234	45,763	56,449
Sale of Heavy Equipment and Parts [Member] \| Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue
Engineering Consultancy Service Income [Member]
Disaggregation of Revenue [Line Items]
Total revenue	2,178	2,190	7,032
Engineering Consultancy Service Income [Member] \| Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue	2,178	2,190	7,032
Engineering Consultancy Service Income [Member] \| Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue
Rental Income [Member]
Disaggregation of Revenue [Line Items]
Total revenue	12,766	10,543	9,301
Rental Income [Member] \| Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue
Rental Income [Member] \| Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue	$ 12,766	$ 10,543	$ 9,301

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

DEFERRED TAX LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2025

Deferred Tax Liabilities

SCHEDULE OF DEFERRED TAX LIABILITIES

	As of Dec 31, 2023		As of Dec 31, 2024		As of Dec 31, 2025
	S$’000			S$’000		S$’000

Deferred tax liabilities, beginning		861		1,586		2,017
Additions		725		431		596
Deferred tax liabilities, ending		1,586		2,017		2,613

SCHEDULE OF DEFERRED INCOME TAX LIABILITY

The temporary differences which give rises to the deferred income tax liability are as follows:

	As of Dec 31, 2024			As of Dec 31, 2025
		S$’000			S$’000

Net book value of fixed assets		30,233			33,137
Net book value of ROUA		1,199			11
Less: Lease liabilities (ROUA)		(1,221	)		(12	)
Less: Net book value of non-qualifying assets		(27	)		(53	)
Deferred tax liability gross		30,184			33,083
Less: Tax written down value		(18,309	)		(17,711	)
Timing difference		11,875			15,372

Deferred tax liability @ 17%		2,017			2,613

DISAGGREGATION OF REVENUE

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

DISAGGREGATION OF REVENUE

NOTE － 3 DISAGGREGATION OF REVENUE

The following tables present the Company’s revenue disaggregated by business segment and geography, based on management’s assessment of available data:

			2024	2025
	Year ended December 31,
	2023		2024	2025
	S$’000		S$’000	S$’000
Revenue recognition at a single point in time:
Sales of heavy equipment and parts		56,449	45,763	61,234
Engineering consultancy service income		7,032	2,190	2,178
Revenue recognition		63,481	47,953	63,412
Revenue recognition over time:
Rental income		9,301	10,543	12,766

Total revenue		72,782	58,496	76,178

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

SHAREHOLDERS’ EQUITY (Details Narrative)

12 Months Ended

Dec. 31, 2025

$ / shares

Jul. 08, 2025

Dec. 31, 2024

$ / shares

^[1]

Feb. 16, 2024

$ / shares

Feb. 16, 2024

SGD ($)

Mar. 17, 2023

USD ($)

$ / shares

Equity [Abstract]

Common Stock, Shares Authorized

20,000,000,000

^[1]

20,000,000,000

500,000,000

Ordinary shares, par value | $ / shares

$ 0.000025

^[1]

$ 0.000025

$ 0.001

Ordinary shares, shares issued

29,404,342

^[1]

1,607,840

27,796,502

Share capital

$ 500,000

Ordinary shares, shares outstanding

29,404,342

^[1]

27,796,502

Voting rights, description

Each share of the Company’s ordinary share entitles its holder to one vote per share on all matters to be voted or consented upon by the stockholders. Holders of the Company’s ordinary shares are not entitled to cumulative voting rights with respect to the election of directors.

Dividend right, description

Subject to limitations under Cayman law and preferences that may apply to any shares of preferred stock that the Company may decide to issue in the future, holders of the Company’s ordinary share are entitled to receive ratably such dividends or other distributions, if any, as may be declared by the Board of the Company out of funds legally available thereof.

[1]	- Retrospectively presented for the effect of pro rata share allotment, 1-for-40 forward split and share surrender in preparation of the Company’s initial public offering (Note 1).

AMOUNTS DUE TO RELATED PARTIES

12 Months Ended

Dec. 31, 2025

Amounts Due To Related Parties

AMOUNTS DUE TO RELATED PARTIES

NOTE－ 10 AMOUNTS DUE TO RELATED PARTIES

Amounts due to related parties consisted of the following:

	As of Dec 31, 2024		As of Dec 31, 2025
		S$’000		S$’000
Due to related parties*
- Ten-League Corporations Pte Ltd⁽¹⁾		12,353		14,284
- Ten-League Green Energy Pte Ltd⁽²⁾		577		188
Due to related parties		12,930		14,472

(1)

Ultimate holding company

(2)

100% owned by Ten-League Corporations Pte Ltd

The amounts are unsecured, interest-free and repayable on demand.

SCHEDULE OF ACCOUNTS RECEIVABLE, NET (Details) $ in Thousands, $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)	Dec. 31, 2022 SGD ($)
Credit Loss [Abstract]
Accounts receivable		$ 16,311	$ 19,310
Less: Allowance for credit loss		(1,901)	(3,053)	$ (3,642)	$ (4,240)
Accounts receivable, net	$ 11,206	$ 14,410	$ 16,257

SCHEDULE OF LEASE-RELATED ASSETS AND LIABILITIES (Details) $ in Thousands, $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)
Assets
Operating lease, right-of-use asset, net	$ 9	$ 11	$ 1,199
Total right-of-use asset		11	1,199
Current:
Operating lease liabilities current		$ 4	$ 1,209
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Lease liabilities	Lease liabilities	Lease liabilities
Non-current:
Operating lease liabilities noncurrent		$ 8	$ 12
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	LeaseLiabilityNoncurrent	LeaseLiabilityNoncurrent	LeaseLiabilityNoncurrent
Total operating lease liabilities		$ 12	$ 1,221

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE－19 COMMITMENTS AND CONTINGENCIES

Litigation — From time to time, the Company may be involved in various legal proceedings and claims in the ordinary course of business. The Company currently is not aware of any legal proceedings or claims that it believes will have, individually or in the aggregate, a material adverse effect on its business, financial condition, operating results, or cash flows.

On 9 April 2024 a crane owned by Ten-League Engineering & Technology Pte. Ltd. (“TLET”) overturned in the vicinity of a job site, resulting in damage to a vehicle. The incident was investigated by the relevant authorities and TLET has since paid a composition fine. No formal charges have been instituted against TLET.

On 17 July 2024, TLET received a letter of demand from Claimant A’s solicitor claiming losses and damages allegedly suffered as a result of the incident and work stoppage on the project worksite estimated at approximately S$1.72 million. Claimant A, who had at the material time been leasing the machinery from TLET. To-date, Claimant A has not commenced legal proceedings, and no further communication has been received. TLET has notified its insurer in respect of the same and the insurer has not repudiated liability.

On 15 August 2024, TLET received a letter of demand from Claimant B’s solicitor claiming damages to the vehicle and related expenses of approximately S$84,000. Claimant B was the purported owner of the damaged vehicle. TLET has notified its insurer of the same. The insurers have not repudiated liability.

There are no other known claims against TLET in respect of the 9 April 2024 accident.

As of December 31, 2025 and 2024, the Company has no material commitments.

INCOME TAX EXPENSE

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

INCOME TAX EXPENSE

NOTE－16 INCOME TAX EXPENSE

The provision for income taxes consisted of the following:

SCHEDULE OF PROVISION FOR INCOME TAXES

				2024		2025
	Year ended December 31,
	2023			2024		2025
	S$’000				S$’000		S$’000

Income tax expense
Current year		681			-		994
(Over)/under-provision in prior years		(360	)		300		(13	)
Deferred tax expense		725			431		596
Income tax expense		1,046			731		1,577

The Company is subject to taxes in the jurisdictions in which it operates, as follows:

Cayman Islands

Ten-League International Holdings Limited is an exempted Cayman Islands company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States.

BVI

Ten-League Venture Capital Limited is an exempted British Virgin Islands company and is presently not subject to income taxes or income tax filing requirements in the British Virgin Islands or the United States.

Singapore

Ten-League Engineering & Technology Pte. Ltd and Ten-League Port Engineering Solutions Pte. Ltd are operating in Singapore and are subject to the Singapore tax law at the corporate tax rate at 17% on the assessable income arising in Singapore during its tax year.

The reconciliation of income tax rate to the effective income tax rate based on income before income taxes for the year ended December 31, 2023, 2024 and 2025 are as follows:

				2024			2025
	Year ended December 31,
	2023			2024			2025
	S$’000				S$’000			S$’000

Income before income taxes		8,126			2,615			7,163
Statutory income tax rate		17	%		17	%		17	%
Income tax expense at statutory rate		1,381			445			1,218
(Over)/ Under provision in previous financial year		(360	)		300			(13	)
Tax effect of non-taxable income		(228	)		(133	)		-
Tax effect of non-deductible items		156			41			489
Tax effect on temporary differences		211			78			(22	)
Statutory stepped income tax exemption		(114	)		-			(95	)

Income tax expense		1,046			731			1,577

Uncertain tax positions

The Company evaluates the uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of December 31, 2023, 2024 and 2025, the Company did not have any significant unrecognized uncertain tax positions. The Company did not incur any interest and penalties related to potential underpaid income tax expenses for the financial year ended December 31, 2023, 2024 and 2025 and also did not anticipate any significant increases or decreases in unrecognized tax benefits in the next 12 months from December 31, 2025.

- Definition

The entire disclosure for income tax.

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-Subparagraph (SX 210.4-08(h)(2))
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

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+ Details

Cybersecurity Risk Management and Strategy Disclosure

12 Months Ended

Dec. 31, 2025

Cybersecurity Risk Management, Strategy, and Governance [Abstract]

Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]

We employ various procedures designed to identify, protect, detect and respond to and manage reasonably foreseeable cybersecurity risks and threats. These include, but are not limited to, internal reporting, monitoring and detection tools and anti-virus software. We also periodically assess risks from cybersecurity and technology threats and monitor our information systems for potential vulnerabilities, including those that could arise from internal sources and external sources such as third-party service providers we do business with.

To date, we have not experienced any cybersecurity attacks, any such attack could adversely affect our business. Further, a penetration of our systems or a third-party’s systems or other misappropriation or misuse of personal information could subject us to business, regulatory, litigation and reputation risk, which could have a negative effect on our business, financial condition and results of operations.

Our vice president is the responsible personnel involved in, and ultimately responsible for, cybersecurity oversight. She oversees our cybersecurity risk and receives regular reports from our management team on various potential cybersecurity matters, including areas of emerging risks, incidents and industry trends, and other areas of importance.

We have adopted a cybersecurity policy governing the establishment and application of certain procedures and safeguards to identify potential cybersecurity risks and, in the event of a cybersecurity breach, the protocol for disclosing to the SEC, including possible remedies. We review cybersecurity risk as part of our overall risk-management system. This ensures that cybersecurity risk management remains a meaningful priority in our business strategy and operations. Our risk management strategy for cybersecurity generally includes:

Identification: We aim to proactively identify the manners in which our business could be materially impacted by cybersecurity risks including:

Cybersecurity Incident – an unauthorized occurrence, or a series of related unauthorized occurrences, on or conducted through our information system that jeopardizes the confidentiality, integrity, or availability of our information systems or any information residing therein; and

Cybersecurity Threat – any potential unauthorized occurrence on or conducted through our information systems that may result in adverse effects on the confidentiality, integrity, or availability of our information systems or any information residing therein.

Assessment: We periodically assess our risks relating to cybersecurity threats, including risks relating to our reliance on third parties. In so doing, we consider the likelihood and impact that could result from the manifesting of such risks, together with the sufficiency of existing policies, procedures, systems, and safeguards in place to manage such risks, together with the sufficiency of existing policies, procedures, systems, and safeguards in place to manage such risks, including evaluating and if available obtaining cyber liability insurance, and aligning such cyber-risk management policies with the our business needs by integrating cyber-risk analysis into significant business decisions.

Management: If deemed appropriate, we design and implement reasonable safeguards to address any identified gaps in our existing processes and procedures.

Evaluation: If a cybersecurity breach occurs, our associate director of business strategy and innovation technology department will determine whether the cybersecurity incident or cybersecurity threat is “material” (.i.e. is there a substantial likelihood that a reasonable shareholder would consider it important in making an investment decision or if it would have significantly altered the “total mix” of information made available?), assessing among other factors potential or actual financial impacts, reputational damage, and operational disruptions.

Report: Establish and monitor an incident response approach requiring our chief financial officer to report to us, the full board of directors and legal counsel any cybersecurity concerns or events.

Disclosure: To ensure compliance with SEC requirements and maintain overall stakeholder confidence in us, all material and known facts regarding the cybersecurity breach will be recorded, including their nature, scope, and financial implications; and a Form 6-K will be prepared and filed within four (4) business days after the determination that a “material” cybersecurity incident has occurred.

We presently do not engage third parties to assist with evaluating the effectiveness of our risk-management and cybersecurity practices.

Cybersecurity Risk Management Processes Integrated [Flag]

true

Cybersecurity Risk Management Processes Integrated [Text Block]

Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]

false

Cybersecurity Risk Board of Directors Oversight [Text Block]

Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]

Establish and monitor an incident response approach requiring our chief financial officer to report to us, the full board of directors and legal counsel any cybersecurity concerns or events.

SCHEDULE OF REVENUE DISAGGREGATED BY TIMING OF REVENUE RECOGNITION (Details) $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Segment Reporting Information [Line Items]
Total revenue		$ 76,178	$ 58,496	$ 72,782
Total net revenues	$ 59,241	76,178	58,496	72,782
Transferred at Point in Time [Member]
Segment Reporting Information [Line Items]
Total revenue		63,412	47,953	63,481
Transferred over Time [Member]
Segment Reporting Information [Line Items]
Total revenue		12,766	10,543	9,301
Sale of Heavy Equipment and Parts [Member]
Segment Reporting Information [Line Items]
Total revenue		61,234	45,763	56,449
Total net revenues		61,234	45,763	56,449
Sale of Heavy Equipment and Parts [Member] \| Transferred at Point in Time [Member]
Segment Reporting Information [Line Items]
Total revenue		61,234	45,763	56,449
Sale of Heavy Equipment and Parts [Member] \| Transferred over Time [Member]
Segment Reporting Information [Line Items]
Total revenue
Engineering Consultancy Service Income [Member]
Segment Reporting Information [Line Items]
Total revenue		2,178	2,190	7,032
Total net revenues		2,178	2,190	7,032
Engineering Consultancy Service Income [Member] \| Transferred at Point in Time [Member]
Segment Reporting Information [Line Items]
Total revenue		2,178	2,190	7,032
Engineering Consultancy Service Income [Member] \| Transferred over Time [Member]
Segment Reporting Information [Line Items]
Total revenue
Rental Income [Member]
Segment Reporting Information [Line Items]
Total revenue		12,766	10,543	9,301
Total net revenues		12,766	10,543	9,301
Rental Income [Member] \| Transferred at Point in Time [Member]
Segment Reporting Information [Line Items]
Total revenue
Rental Income [Member] \| Transferred over Time [Member]
Segment Reporting Information [Line Items]
Total revenue		$ 12,766	$ 10,543	$ 9,301

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES

12 Months Ended

Dec. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES

NOTE – 6 DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES

	As of Dec 31, 2024		As of Dec 31, 2025
		S$’000		S$’000

Deposits		155		96
Prepayments		89		1,386
Advance to suppliers*		871		70
Lease receivables – Current		568		967
Goods and services tax receivable		-		444
Others		125		33
		1,808		2,996

Lease receivables – Non-current		343		304

*	Advance to suppliers was related to purchase orders.

Lessor activities

The Company’s leasing activities consist primarily of leasing of equipment under direct financing leases expiring over the next two to three years. The Company’s lease customers are primarily small to midsize businesses located generally in Singapore.

The determination of whether an arrangement is a lease is made at the lease’s inception. Under ASC Topic 842, a contract is a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company reassesses the determination of whether an arrangement is a lease if the terms and conditions of the contract are changed. At the lease’s inception, the Company also estimates the residual value expected from the leased asset at the end of the lease term based on expected useful lives of equipment and expected market conditions for the customer base.

Details of the Company’s lease income from direct financing leases for the years ended December 31, 2023, 2024 and 2025 as follows:

	As of Dec 31, 2023		As of Dec 31, 2024		As of Dec 31, 2025
	S$’000		S$’000		S$’000

Profit at lease commencement		34		152		286
Interest income on lease receivables		34		616		266
Total lease income		68		768		552

Net investment in leases as of December 31, 2024 and 2025 were:

	As of Dec 31, 2024		As of Dec 31, 2025
	S$’000		S$’000

Lease receivable		911		1,271
Unguaranteed residual assets		90		445
Early settlement		-		(156	)
Net investment – direct financing leases		1,001		1,560

The maturity of lease receivables as of December 31, 2025 is as follows:

	As of Dec 31, 2025
	S$’000

Not later than one year		1,428
Later than one year but not later than five years		325
Gross investment in lease		1,753
Less: Unearned finance income		(1,271	)
Present value of minimum lease payment receivables		482
Non-current finance lease receivables		304
Current finance lease receivables		967

REVENUES BY SEGMENT

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

REVENUES BY SEGMENT

NOTE－ 15 REVENUES BY SEGMENT

SCHEDULE OF REVENUES BY SEGMENT

			2024		2025
	Year ended December 31,
	2023		2024		2025
	S$’000		S$’000		S$’000

Sale of heavy equipment and parts		56,449		45,763		61,234
Engineering consultancy service income		7,032		2,190		2,178
Rental income		9,301		10,543		12,766
Revenues by segment		72,782		58,496		76,178

In accordance with ASC 280, Segment Reporting, operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different services. Based on management’s assessment, the Company has determined that it has three operating segments as defined by ASC 280 as follow:

	1.	Sale of heavy equipment and parts
	2.	Engineering consultancy service income
	3.	Rental income

Information regarding the results of each reportable segment is included below. Performance is measured based on segment revenue and gross profit/(loss), as included in the internal management reports that are reviewed by the Company’s CODM. Both segment revenue and gross profit/(loss) are used to measure performance as management believes that such information is the most relevant in evaluating the level of activities and results of these segments.

The Group does not allocate any operating costs or assets to its business segments as the Group’s CODM does not use this information to measure the performance of the operating segments.

The following tables present summary information by product type for the year ended December 31, 2023, 2024 and 2025, respectively:

	S$’000			S$’000			S$’000			S$’000
	For the year ended December 31, 2023
	Sale of heavy equipment and parts			Engineering consultancy service			Rental income			Total
	S$’000			S$’000			S$’000			S$’000
Revenue		56,449			7,032			9,301			72,782
Cost of revenues		(46,352	)		(5,240	)		(5,408	)		(57,000	)
Gross Profit		10,097			1,792			3,893			15,782

	S$’000			S$’000			S$’000			S$’000
	For the year ended December 31, 2024
	Sale of heavy equipment and parts			Engineering consultancy service			Rental income			Total
	S$’000			S$’000			S$’000			S$’000
Net revenues		45,763			2,190			10,543			58,496
Cost of revenues		(41,489	)		(1,428	)		(4,921	)		(47,838	)
Gross Profit		4,274			762			5,622			10,658

	S$’000			S$’000			S$’000			S$’000
	For the year ended December 31, 2025
	Sale of heavy equipment and parts			Engineering consultancy service			Rental income			Total
	S$’000			S$’000			S$’000			S$’000
Net revenues		61,234			2,178			12,766			76,178
Cost of revenues		(51,939	)		(620	)		(5,003	)		(57,562	)
Gross Profit		9,295			1,558			7,763			18,616

In the following table, revenue is disaggregated by the timing of revenue recognition.

	S$’000		S$’000		S$’000		S$’000
	For the year ended December 31, 2023
	Sale of heavy equipment and parts		Engineering consultancy service		Rental income		Total
	S$’000		S$’000		S$’000		S$’000
Timing of revenue recognition:
Point in time		56,449		7,032		-		63,481
Over time		-		-		9,301		9,301
Total net revenues		56,449		7,032		9,301		72,782

	S$’000		S$’000		S$’000		S$’000
	For the year ended December 31, 2024
	Sale of heavy equipment and parts		Engineering consultancy service		Rental income		Total
	S$’000		S$’000		S$’000		S$’000
Timing of revenue recognition:
Point in time		45,763		2,190		-		47,953
Over time		-		-		10,543		10,543
Total net revenues		45,763		2,190		10,543		58,496

	S$’000		S$’000		S$’000		S$’000
	For the year ended December 31, 2025
	Sale of heavy equipment and parts		Engineering consultancy service		Rental income		Total
	S$’000		S$’000		S$’000		S$’000
Timing of revenue recognition:
Point in time		61,234		2,178		-		63,412
Over time		-		-		12,766		12,766
Total net revenues		61,234		2,178		12,766		76,178

The following table presents the depreciation expenses of property and equipment in cost of revenues by segment for the years ended December 31, 2023, 2024 and 2025:

For the year ended December 31, 2023

Sale of

heavy

equipment

and parts

Engineering

consultancy

service

Rental

income

Total

S$’000

Total depreciation expenses of property and equipment

3,611

For the year ended December 31, 2024

Sale of

heavy

equipment

and parts

Engineering

consultancy

service

Rental

income

Total

S$’000

Total depreciation expenses of property and equipment

4,094

For the year ended December 31, 2025

Sale of

heavy

equipment

and parts

Engineering

consultancy

service

Rental

income

Total

S$’000

Total depreciation expenses of property and equipment

4,494

The following table presents revenue by geography area, Singapore and other countries based on the geography location for the year ended December 31, 2023, 2024 and 2025.

			2024		2025
	Year ended December 31,
	2023		2024		2025
	S$’000			S$’000		S$’000

Singapore		69,735		54,836		73,134

Other countries⁽¹⁾		3,047		3,660		3,044

Total net revenues		72,782		58,496		76,178

(1)

Other countries include Indonesia, China and Hong Kong.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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+ Details

SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES (Details)
$ in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2025

USD ($)

Dec. 31, 2025

SGD ($)

Dec. 31, 2024

SGD ($)

Dec. 31, 2023

SGD ($)

- Purchase of motor vehicles

^[1]

$ 13,377

$ 17,201

$ 12,817

$ 12,382

Lease payments

9,573

8,638

Ten-League Corporations Pte. Ltd. [Member]

- Management fee charged

^[2]

1,327

1,358

2,471

-Expenses paid on behalf

^[2]

-Services rendered

^[2]

Ten-League Corporations Pte. Ltd. [Member] | Plant And Equipment [Member]

- Purchase of motor vehicles

^[2]

335

884

Lease payments

^[2]

131

-Sale of equipment

^[2]

1,396

Ten-League Corporations Pte. Ltd. [Member] | Spare Parts [Member]

- Purchase of motor vehicles

^[2]

2,024

877

708

Ten-League Corporations Pte. Ltd. [Member] | Vehicles [Member]

- Purchase of motor vehicles

^[2]

Ten-League Corporations Pte. Ltd. [Member] | Factory Premises [Member]

Lease payments

^[2]

1,234

1,096

480

Ten-League Green Energy Pte Ltd [Member]

- Subcontract costs

^[3]

$ 203

$ 373

[1]	There is a transfer of S$9.6 million (2024: S$7.9 million) from plant and equipment to inventories.
[2]	- Ultimate holding company
[3]	- 100% held by Ten-League Corporations Pte Ltd

SCHEDULE OF PROVISION FOR ALLOWANCE FOR CREDIT LOSSES (Details) - SGD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Credit Loss [Abstract]
Provision for allowance for expected credit losses, beginning	$ 3,053	$ 3,642	$ 4,240
Provision	1,442	19	41
Written off	(2,594)	(582)	(532)
Reversal		(26)	(107)
Provision for allowance for expected credit losses, ending	$ 1,901	$ 3,053	$ 3,642

DEFERRED TAX LIABILITIES

12 Months Ended

Dec. 31, 2025

Deferred Tax Liabilities

DEFERRED TAX LIABILITIES

NOTE 13 – DEFERRED TAX LIABILITIES

SCHEDULE OF DEFERRED TAX LIABILITIES

	As of Dec 31, 2023		As of Dec 31, 2024		As of Dec 31, 2025
	S$’000			S$’000		S$’000

Deferred tax liabilities, beginning		861		1,586		2,017
Additions		725		431		596
Deferred tax liabilities, ending		1,586		2,017		2,613

The temporary differences which give rises to the deferred income tax liability are as follows:

	As of Dec 31, 2024			As of Dec 31, 2025
		S$’000			S$’000

Net book value of fixed assets		30,233			33,137
Net book value of ROUA		1,199			11
Less: Lease liabilities (ROUA)		(1,221	)		(12	)
Less: Net book value of non-qualifying assets		(27	)		(53	)
Deferred tax liability gross		30,184			33,083
Less: Tax written down value		(18,309	)		(17,711	)
Timing difference		11,875			15,372

Deferred tax liability @ 17%		2,017			2,613

Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. The effect of a change in tax laws or rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

Liabilities are established for uncertain tax positions expected to be taken in income tax returns when such positions are judged to meet the “more-likely-than-not” threshold based on the technical merits of the position.

Under the current tax law in Singapore, the Company is and will be subjected to the enterprise income tax rate of 17%.

SCHEDULE OF SUBSIDIARIES INCORPORATED (Details)	12 Months Ended
SCHEDULE OF SUBSIDIARIES INCORPORATED (Details)	Dec. 31, 2025
Ten-League Venture Capital Limited [Member]
ScheduleOfSubsidiariesIncorporatedLineItem [Line Items]
Principal Activities	Investment holding
Effective ownership, percentage	100.00%
Ten-League Engineering & Technology Pte. Ltd [Member]
ScheduleOfSubsidiariesIncorporatedLineItem [Line Items]
Principal Activities	Principally engaged in the sales, rental, maintenance and repair and value-added engineering solutions of heavy construction equipment
Effective ownership, percentage	100.00%
Ten-League Port Engineering Solutions Pte. Ltd [Member]
ScheduleOfSubsidiariesIncorporatedLineItem [Line Items]
Principal Activities	Principally engaged in the sales, rental, maintenance and repair and value-added engineering solutions of heavy port equipment
Effective ownership, percentage	100.00%

SCHEDULE OF DEFERRED TAX LIABILITIES (Details) $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Deferred Tax Liabilities
Deferred tax liabilities, beginning		$ 2,017	$ 1,586	$ 861
Additions	$ 463	596	431	725
Deferred tax liabilities, ending		$ 2,613	$ 2,017	$ 1,586

BUSINESS OVERVIEW AND BASIS OF PRESENTATION (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

SCHEDULE OF SUBSIDIARIES INCORPORATED

Description of subsidiaries incorporated and controlled by the Company

SCHEDULE OF SUBSIDIARIES INCORPORATED

Name	Background	Effective ownership

Ten-League Venture Capital Limited	Investment holding	100%

Ten-League Engineering & Technology Pte. Ltd.	Principally engaged in the sales, rental, maintenance and repair and value-added engineering solutions of heavy construction equipment	100%

Ten-League Port Engineering Solutions Pte. Ltd.	Principally engaged in the sales, rental, maintenance and repair and value-added engineering solutions of heavy port equipment	100%

SCHEDULE OF LEASE EXPENSE (Details) - SGD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating lease cost:
Operating lease expense (per ASC 842)	$ 1,217	$ 951	$ 422
Short-term lease expense (other than ASC 842)	323	120	120
Total lease expense	$ 1,540	$ 1,071	$ 542

RIGHT-OF-USE ASSETS (Details Narrative) - SGD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Weighted average incremental borrowing rate	5.00%
Weighted average remaining life of lease	2 years 2 months 12 days	2 years 6 months	3 years 6 months
Right-of-use assets under operating leasing arrangements	$ 2,092	$ 2,092
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Weighted average remaining life of lease	3 years 6 months
Right-of-use assets under operating leasing arrangements	$ 20	20
Leasehold Buildings [Member]
Property, Plant and Equipment [Line Items]
Weighted average remaining life of lease	3 years 6 months
Right-of-use assets under operating leasing arrangements	$ 2,072	$ 2,072
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Weighted average remaining life of lease	2 years 2 months 12 days

SCHEDULE OF LEASE LIABILITIES IN FINANCIAL POSITION (Details) - SGD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Lease Liabilities
Lease liabilities, current	$ 6,606	$ 7,421
Lease liabilities, non-current	7,558	6,865
Lease liabilities	$ 14,164	$ 14,286	$ 15,454

SCHEDULE OF FUTURE CONTRACTUAL LEASE PAYMENTS (Details) $ in Thousands	Dec. 31, 2025 SGD ($)
Right of Use Assets
2026	$ 5
2027 – 2030	8
2026	(1)
Present value of lease liabilities – Right of Use Assets	12
Current liabilities – Right of Use Assets	4
Non-current liabilities – Right of Use Assets	8
Operating lease liabilities – Right of Use Assets	12
Hire Purchase
2026	7,130
2027 – 2030	7,900
2026	(528)
2027 onwards	(350)
Present value of lease liabilities – Hire Purchase	14,152
Current liabilities – Hire Purchase	6,602
Non-current liabilities – Hire Purchase	7,550
Finance lease liabilities – Hire Purchase	14,152
Current liabilities	6,606
Non-current liabilities	7,558
Lease liabilities	$ 14,164

Consolidated Statements of Changes in Shareholders' Equity
$ in Thousands, $ in Thousands

Common Stock [Member]

SGD ($)

Additional Paid-in Capital [Member]

SGD ($)

Retained Earnings [Member]

SGD ($)

AOCI Attributable to Parent [Member]

SGD ($)

USD ($)

SGD ($)

Balance at Dec. 31, 2022

^[1]

$ 883

$ 2,371

$ 3,254

Balance, shares at Dec. 31, 2022 | shares

^[2]

27,796,502

Dividends declared to the former shareholders

(6,000)

Net income for the year

7,080

Foreign currency translation adjustments

Balance at Dec. 31, 2023

^[1]

883

3,451

4,334

Balance, shares at Dec. 31, 2023 | shares

^[2]

27,796,502

Net income for the year

1,884

Foreign currency translation adjustments

Balance at Dec. 31, 2024

883

5,335

6,218

Balance, shares at Dec. 31, 2024 | shares

^[2]

27,796,502

Net income for the year

5,586

$ 4,345

5,586

New shares issued

4,895

New shares issued, shares | shares

^[2]

1,607,840

Foreign currency translation adjustments

^[1]

^[3]

Balance at Dec. 31, 2025

$ 5,778

$ 10,921

$ 12,986

$ 16,699

Balance, shares at Dec. 31, 2025 | shares

^[2]

29,404,342

[1]	– denotes amount less than $’000.
[2]	- Retrospectively presented for the effect of pro rata share allotment, 1-for-40 forward split and share surrender in preparation of the Company’s initial public offering (Note 1).
[3]	– denotes amount less than $’000.

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

- Definition

Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

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+ Details

SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES (Details) (Parenthetical)	Dec. 31, 2025	Jul. 06, 2023
Ten-League Corporations Pte. Ltd. [Member]
ScheduleOfAmountsDueToRelatedPartiesLineItem [Line Items]
Ownership interest	100.00%	85.27%

SCHEDULE OF DIRECT FINANCING LEASE INCOME (Details) - SGD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Profit at lease commencement	$ 286	$ 152	$ 34
Interest income on lease receivables	266	616	34
Total lease income	$ 552	$ 768	$ 68
Direct Financing Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Nonoperating Income (Expense)	Nonoperating Income (Expense)	Nonoperating Income (Expense)

Consolidated Statements of Operations and Comprehensive Income
$ in Thousands

12 Months Ended

Dec. 31, 2025

USD ($)

$ / shares

Dec. 31, 2025

SGD ($)

$ / shares

Dec. 31, 2024

SGD ($)

$ / shares

Dec. 31, 2023

SGD ($)

$ / shares

Income Statement [Abstract]

Revenues, net

$ 59,241

$ 76,178,000

$ 58,496,000

$ 72,782,000

Cost of revenue

(44,764)

(57,562,000)

(47,838,000)

(57,000,000)

Gross profit

14,477

18,616,000

10,658,000

15,782,000

Operating cost and expenses:

Selling and distribution

(591)

(760,000)

(635,000)

(729,000)

General and administrative

(8,295)

(10,666,000)

(7,226,000)

(6,856,000)

Total operating cost and expenses

(8,886)

(11,426,000)

(7,861,000)

(7,585,000)

Profit from operations

5,591

7,190,000

2,797,000

8,197,000

Other income (expense):

Loss from disposal of plant and equipment

55,000

Loss from disposal of plant and equipment

(23)

(30,000)

(126,000)

Interest income

207

266,000

616,000

34,000

Interest expense

(684)

(880,000)

(949,000)

(822,000)

Government grant

8,000

139,000

41,000

Write back of allowance for credit loss, net

26,000

66,000

Write back of allowance for inventories obsolescence

19,000

168,000

Exchange gain

105,000

9,000

143,000

Other income

392

504,000

84,000

244,000

Total other loss, net

(20)

(27,000)

(182,000)

(71,000)

Income before income taxes

5,571

7,163,000

2,615,000

8,126,000

Income tax expense

(1,226)

(1,577,000)

(731,000)

(1,046,000)

NET INCOME

4,345

5,586,000

1,884,000

7,080,000

OTHER COMPREHENSIVE INCOME

Foreign currency translation adjustments

^[1]

COMPREHENSIVE INCOME

$ 4,345

$ 5,586,000

$ 1,884,000

$ 7,080,000

Earnings per share

Basic | (per share)

$ 0.15

$ 0.20

$ 0.07

$ 0.25

Diluted | (per share)

$ 0.15

$ 0.20

$ 0.07

$ 0.25

Weighted average number of ordinary shares outstanding

Basic

^[2]

28,571,789

27,796,502

Diluted

^[2]

28,571,789

27,796,502

[1]	– denotes amount less than $’000.
[2]	Basic earnings per share is calculated by dividing net income for the period, net of tax, by the weighted average number of ordinary shares outstanding during the financial period. The basic and diluted earnings per share are the same as there were no other outstanding convertibles or other dilutive equity instruments.

PLANT AND EQUIPMENT, NET (Details Narrative) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 3.7	$ 4.7	$ 4.2	$ 3.7

PLANT AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

SCHEDULE OF PROPERTY AND EQUIPMENT, NET

Plant and equipment consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT, NET

	As of Dec 31, 2024			As of Dec 31, 2025
	S$’000			S$’000
At cost:
Office equipment		43			277
Machinery and equipment		37,185			42,098
Motor vehicles		891			1,000
Plant and equipment, gross		38,119			43,375
Less: Accumulated depreciation		(7,886	)		(10,238	)
Plant and equipment, net		30,233			33,137

Consolidated Balance Sheets
$ in Thousands, $ in Thousands

Dec. 31, 2025

USD ($)

Dec. 31, 2025

SGD ($)

Dec. 31, 2024

SGD ($)

Current assets:

Cash and cash equivalents

$ 8,309

$ 10,684

$ 686

Accounts receivable, net

11,206

14,410

16,257

Contract assets

Inventories, net

12,257

15,761

18,620

Deposits, prepayments and other receivables

2,330

2,996

1,808

Deferred IPO expenses

1,901

Total current assets

34,163

43,930

39,272

Non-current assets:

Plant and equipment, net

25,769

33,137

30,233

Right-of-use assets

1,199

Other receivables

236

304

343

Total non-current assets

26,014

33,452

31,775

TOTAL ASSETS

60,177

77,382

71,047

Current liabilities:

Accounts payable and accrued liabilities

8,934

11,488

12,136

Bank borrowings

13,184

16,953

23,333

Lease liabilities

5,137

6,606

7,421

Income tax payable

772

993

127

Total current liabilities

39,281

50,512

55,947

Long-term liabilities:

Lease liabilities

5,878

7,558

6,865

Deferred tax liabilities

2,032

2,613

2,017

Total long-term liabilities

7,910

10,171

8,882

TOTAL LIABILITIES

47,191

60,683

64,829

Commitments and contingencies (Note 19)

Shareholders’ equity

Ordinary share, par value US$0.000025, 20,000,000,000 shares authorized, 27,796,502 and 29,404,342 ordinary shares issued and outstanding as of December 31, 2024 an December 31, 2025, respectively**

^[1]

Additional paid-in capital

4,493

5,778

883

Retained earnings

8,493

10,921

5,335

Accumulated other comprehensive income

^[1]

Total shareholders’ equity

12,986

16,699

6,218

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

60,177

77,382

71,047

Related Party [Member]

Current liabilities:

Amounts due to related parties

$ 11,254

$ 14,472

$ 12,930

[1]	– denotes amount less than $’000.

INVENTORIES, NET (Tables)

12 Months Ended

Dec. 31, 2025

Inventory Disclosure [Abstract]

SCHEDULE OF INVENTORIES

Inventories, net consist of the following:

SCHEDULE OF INVENTORIES

	As of Dec 31, 2024			As of Dec 31, 2025
	S$’000			S$’000
Finished goods at cost		19,093			16,234
Less: Allowance for inventories obsolescence		(473	)		(473	)
Inventories, net		18,620			15,761

SCHEDULE OF ANALYSIS OF ALLOWANCE

Movements in allowance for inventories obsolescence are as follows:

SCHEDULE OF ANALYSIS OF ALLOWANCE

	As of Dec 31, 2024			As of Dec 31, 2025
		S$’000			S$’000

Allowance for inventories obsolescence, beginning		492			473
Reversal of inventories obsolescence		(19	)		-
Allowance for inventories obsolescence, ending		473			473

DEFERRED TAX LIABILITIES (Details Narrative)	12 Months Ended
DEFERRED TAX LIABILITIES (Details Narrative)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
SINGAPORE
ScheduleOfDeferredTaxLiabilitiesLineItem [Line Items]
Income tax rate	17.00%	17.00%	17.00%

LEASE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2025

Lease Liabilities

SCHEDULE OF LEASE LIABILITIES

	As of Dec 31, 2024			As of Dec 31, 2025
		S$’000			S$’000

Lease liabilities, beginning		15,454			14,286
Additions		10,442			10,384
De-recognised		(3,799	)		(1,724	)
Accretion of interest		827			791
Lease payments		(8,638	)		(9,573	)
Lease liabilities, ending		14,286			14,164

SCHEDULE OF LEASE LIABILITIES IN FINANCIAL POSITION

Lease liabilities are presented in the statement of financial position as follows:

	As of Dec 31, 2024		As of Dec 31, 2025
		S$’000		S$’000

Lease liabilities, current		7,421		6,606
Lease liabilities, non-current		6,865		7,558
Lease liabilities		14,286		14,164

SCHEDULE OF CARRYING AMOUNT OF RIGHT-OF-USE ASSETS (Details) $ in Thousands, $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)
Property, Plant and Equipment [Line Items]
Right-of-use assets, gross		$ 2,092	$ 2,092
Less: Accumulated depreciation		(2,081)	(893)
Right-of-use assets, net	$ 9	11	1,199
Leasehold Buildings [Member]
Property, Plant and Equipment [Line Items]
Right-of-use assets, gross		2,072	2,072
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Right-of-use assets, gross		$ 20	$ 20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the regulations of the U.S. Securities and Exchange Commission (“SEC”).

Risks and uncertainties

The main operations of the Company are in Singapore. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in Singapore, as well as by the general state of the economy in Singapore. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in Singapore. The Company believes that it is following existing laws and regulations including its organization and structure disclosed in Note 1, such experience may not be indicative of future results.

The Company’s business, financial condition and results of operations may also be negatively impacted by risks related to natural disasters, extreme weather conditions, health epidemics and other catastrophic incidents, which could significantly disrupt the Company’s operations.

Use of estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in our consolidated financial statements include the provision for allowance for expected credit losses on accounts receivables, impairment assessment on inventories, useful lives for plant and equipment and impairment assessment on long-lived assets, revenue recognition, and deferred taxes and uncertain tax position. Actual results could vary from the estimates and assumptions that were used. Actual results could differ from these estimates.

Basis of Consolidation

The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.

On consolidation the entities should be combined for all periods that the relationship of common control started and the transaction would be treated as a capital transaction with any gain or loss on acquisition adjusted through equity. The consolidated entity would not recognize any goodwill and/or gain/losses from the acquisition and results of operations would be presented for all periods under common control.

The consolidated financial statements of the Company were prepared by applying the pooling of interest method. Accordingly, the results of the Company include the results of the subsidiaries for year ended December 31, 2025 and 2024. Such manner of presentation reflects the economic substance of the companies, which were under common control throughout the relevant period, as a single economic enterprise, although the legal parent-subsidiary relationships were not established.

Foreign Currency Translation and Transaction

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations.

The accompanying consolidated financial statements are presented in the Singapore Dollar (“S$”), which is the reporting currency of the Company. In addition, the Company and subsidiaries are operating in Singapore, maintain their books and record in their local currency, Singapore Dollars, which is a functional currency as being the primary currency of the economic environment in which their operations are conducted.

During the year ended December 31, 2025, the Company reassessed the functional currency of the Company and subsidiaries in accordance with ASC 830 Foreign Currency Matters because of changes in the underlying economic facts and circumstances affecting those entities.

Effective July 8, 2025, the functional currency of the Company, Ten-League International Holdings Limited, and one of its subsidiaries, Ten-League Venture Capital changed from the Singapore Dollar (“S$”) to the United States dollar (“US$”), reflecting changes in the primary economic environment in which the Company and the subsidiary operates. The factors considered by management in determining the change in functional currency included:

	●	changes in the currency of operating costs;
	●	changes in financing activities; and
	●	changes in cash flow generation and retention.

The Company accounted for the change in functional currency prospectively from the date of change. Assets and liabilities were translated into the new functional currency using the exchange rate on the date of the change. Non-monetary assets and liabilities were translated at historical exchange rates. Translation adjustments arising prior to the change remained in accumulated other comprehensive income. The change in functional currency did not result in any adjustment to previously issued consolidated financial statements.

Management concluded that the change in functional currency more appropriately reflects the economic substance of the subsidiary’s underlying transactions and events as of the date of change.

Translation gains and losses that arise from exchange rate fluctuations from transactions denominated in a currency other than the functional currency are translated, as the case may be, at the rate on the date of the transaction and included in the results of operations as incurred.

Translations of the consolidated balance sheets, consolidated statements of operations and comprehensive income and consolidated statements of cash flows from S$ into US$ as of and for the year ended December 31, 2025 are solely for the convenience of the reader and were calculated at the rate of US$0.7777 = S$1, as set forth in the statistical release of the Federal Reserve System on January 6, 2026. No representation is made that the S$ amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2025, or at any other rate.

The following table outlines the currency exchange rates that were used in creating the consolidated financial statements in this report:

SCHEDULE OF CURRENCY EXCHANGE RATES

	As of Dec 31, 2024		As of Dec 31, 2025

Year-end spot rate		US$1=S$1.3662		US$1=S$1.2859
Average rate		US$1=S$1.3380		US$1=S$1.3058
Exchange rate		US$1=S$1.3380		US$1=S$1.3058

Cash and Cash Equivalents

Cash and cash equivalents consist primarily of cash in readily available checking and saving accounts. Cash equivalents consist of highly liquid investments that are readily convertible to cash and that mature within three months or less from the date of purchase. The carrying amounts approximate fair value due to the short maturities of these instruments. The Company maintains most of its bank accounts in Singapore.

Accounts Receivable, net

Accounts receivable include trade accounts due from customers in the sale of products.

Accounts receivable are recorded at the invoiced amount and do not bear interest, which are due within contractual payment terms. The normal settlement terms of accounts receivable within 30 days. The Company seeks to maintain strict control over its outstanding receivables to minimize credit risk. Overdue balances are reviewed regularly by senior management. Management reviews its receivables on a regular basis to determine if the bad debt allowance is adequate and provides allowance when necessary. The allowance is based on management’s best estimates of specific losses on individual customer exposures, as well as the historical trends of collections. Account balances are charged off against the allowance after all means of collection have been exhausted and the likelihood of collection is not probable. The Company’s management continues to evaluate the reasonableness of the valuation allowance policy and update it if necessary.

The Company does not hold any collateral or other credit enhancements overs its accounts receivable balances.

Management recognized additional provision for allowance for expected credit losses of S$0.1 million and S$1.4 million (US$1.1 million) in profit or loss during the years ended of December 31, 2024 and 2025, respectively.

Contract assets

A contract asset is recognized when the Company has transferred goods or services to a customer but the right to consideration is not unconditional because additional performance or other contractual conditions must be satisfied before billing can occur. Contract assets are reclassified to accounts receivable when the right to consideration becomes unconditional. As of December 31, 2024 and 2025, no allowance was deemed necessary. Management believes that these counterparties are of high credit quality and continually monitors the credit worthiness of these counterparties.

Inventories, net

Inventories are valued at the lower of cost or net realizable value. Cost is determined by the average cost method. The Company records adjustments to its inventory for estimated obsolescence or diminution in net realizable value equal to the difference between the cost of the inventory and the estimated net realizable value. At the point of loss recognition, a new cost basis for that inventory is established, and subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established cost basis.

Management recognized a reversal of allowance for inventories obsolescence of S$0.1 million in profit or loss during the year ended of December 31, 2024. No allowance for inventories write-down or a reversal of allowance for inventories obsolescence recorded by the Company for December 31, 2025.

Deposits, prepayments and other receivables

Deposits, prepayments and other receivables primarily consist of finance lease receivables, Goods and services tax receivables and advance to suppliers. These amounts bear no interest. Management reviews its prepayments and refundable deposits placed with counterparties on a regular basis to determine if the allowance is adequate and adjusts the allowance when necessary. As of December 31, 2024 and 2025, no allowance was deemed necessary. Management believes that these counterparties are of high credit quality and continually monitors the credit worthiness of these counterparties.

Finance lease receivables

The Company enters into lease arrangements in which it acts as a lessor for heavy equipment provided to customers.

The Company classifies a lease as a finance lease when the lease transfers substantially all of the risks and rewards incidental to ownership of the underlying asset to the lessee. In determining lease classification, the Company considers whether any of the following criteria are met at lease commencement:

	-	ownership transfers to the lessee at the end of the lease term;
	-	the lease grants the lessee an option to purchase the asset that the lessee is reasonably certain to exercise;
	-	the lease term represents a major part of the remaining economic life of the asset;
	-	the present value of lease payments equals or exceeds substantially all of the fair value of the asset; or
	-	the underlying asset is of such a specialized nature that it is expected to have no alternative use to the Company at the end of the lease term.

At lease commencement, the Company recognizes a net investment in the lease, which consists of:

	-	the present value of lease payments receivable;
	-	the present value of any unguaranteed residual value; and
	-	any deferred initial direct costs.

Lease payments are discounted using the interest rate implicit in the lease when readily determinable.

Impairment of finance lease receivables

Finance lease receivables are evaluated for impairment in accordance with ASC 326 Current Expected Credit Losses.

The Company maintains an allowance for expected credit losses based on:

	-	historical collection experience;
	-	customer creditworthiness;
	-	current economic conditions; and
	-	reasonable and supportable forecasts.

Changes in the allowance are recorded in earnings during the period in which such changes occur. As of December 31, 2024 and 2025, no allowance was deemed necessary. Management believes that these counterparties are of high credit quality and continually monitors the credit worthiness of these counterparties.

Deferred IPO costs

Pursuant to ASC 340-10-S99-1, Initial Public Offering (“IPO”) costs directly attributable to an offering of equity securities are deferred and would be charged against the gross proceeds of the offering as a reduction of additional paid-in capital. These costs include legal fees related to the registration drafting and counsel, consulting fees related to the registration preparation, the SEC filing and print related costs. During the financial year ended December 31 2024, the Company recorded deferred offering costs of S$1.9 million related to the IPO.

Plant and equipment, net

Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values:

		Expected useful life
Office equipment		5 years
Leasehold factory premises		Over the remaining lease term
Machinery and equipment		5-10 years
Motor vehicles		5-10 years

Expenditure for repairs and maintenance is expensed as incurred. When assets have retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations.

Impairment of Long-Lived Assets

In accordance with the provisions of ASC Topic 360, Impairment or Disposal of Long-Lived Assets, all long-lived assets such as plant and equipment owned and held by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to its estimated future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the fair value of the assets.

Revenue Recognition

The Company receives certain portion of its non-interest income from contracts with customers, which are accounted for in accordance with Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASC 606”).

ASC 606-10 provided the following overview of how revenue is recognized from the Company’s contracts with customers: The Company recognizes revenue on a gross basis to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services.

	Step 1:	Identify the contract(s) with a customer.
	Step 2:	Identify the performance obligations in the contract.
	Step 3:	Determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer.
	Step 4:	Allocate the transaction price to the performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract.
	Step 5:	Recognize revenue when (or as) the entity satisfies a performance obligation – An entity recognizes revenue when (or as) it satisfies a performance obligation by transferring a promised good or service to a customer (which is when the customer obtains control of that good or service). The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A performance obligation may be satisfied at a point in time (typically for promises to transfer goods to a customer) or over time (typically for promises to transfer service to a customer).

The Company currently generates its revenue from the following main sources:

Revenue from goods sold

Majority of the Company’s income is derived from contracts with customers in the sale of products, and as such, the revenue recognized depicts the transfer of promised goods to its customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods. The Company considers the terms of the contract and all relevant facts and circumstances when applying this guidance. The Company’s revenue recognition policies are in compliance with ASC 606, as follows:

Product sales consist of a single performance obligation that the Company satisfies at a point in time. The Company recognizes product revenue when the following events have occurred: (a) the Company has transferred physical possession of the products, depending upon the method of distribution and shipping terms set forth in the customer contract, (b) the Company has a present right to payment, (c) the customer has legal title to the products, and (d) the customer bears significant risks and rewards of ownership of the products. Based on the Company’s historical practices and shipping terms specified in the sales agreements and invoices, these criteria are generally met when the products are:

-	invoiced; and
-	Shipped from the company’s facilities or warehouse (“ex - works”, which is the Company’s standard shipping terms)

The Company records its revenues on product sales, net of Good & Service Taxes (“GST”) when the title and risk of loss of products are fully transferred to the customers. The Company is subject to GST which is levied on the majority of the products at the rate of 9% on the invoiced value of sales in Singapore.

Amounts received as prepayment on future products are recorded as customer deposit and recognized as income when the product is shipped.

Revenue from engineering consultancy services provided

Engineering consultancy service contracts where control transfers only upon completion of the service, revenue is recognized at the point in time when:

	-	the service has been completed;
	-	the customer has accepted the service, where applicable; and
	-	the Company has a present right to payment.

Revenue from equipment rental

Rental income is recognised on a time-proportion basis over time taking into account the effective yield on the assets on a straight-line basis over the lease term.

Cost of revenue

Cost of revenue primarily consists of procurement costs of heavy equipment, batteries and parts, depreciation of plant and equipment and accessories, subcontract costs, rental of equipment and workshop expenses.

Sales and Marketing

Sales and marketing expenses include payroll, employee benefits and other headcount-related expenses associated with sales and marketing personnel, and the costs of advertising, promotions, seminars, and other programs.

Government Grant

A government grant or subsidy is not recognized until there is reasonable assurance that: (a) the enterprise will comply with the conditions attached to the grant; and (b) the grant will be received. When the Company receives government grant or subsidies but the conditions attached to the grants have not been fulfilled, such government subsidies are deferred and recorded under other payables and accrued expenses, and other long-term liability. The classification of short-term or long-term liabilities is dependent on the management’s expectation of when the conditions attached to the grant can be fulfilled. For the year ended December 31, 2025, and 2024, the Company received government subsidies of approximately S$8,000 and S$139,000 respectively, which are recognized as government grant in the consolidated statements of operations.

The Company does not recognize any sales where the Company is acting as an agent.

Income Taxes

Income taxes are determined in accordance with the provisions of ASC Topic 740, Income Taxes (“ASC 740”).

Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

For the year ended December 31, 2025 and 2024, the Company did not have any interest and penalties associated with tax positions. As of December 31, 2025 and 2024, the Company did not have any significant unrecognized uncertain tax positions.

The Company is subject to tax in local and foreign jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the relevant tax authorities.

Leases

Effective from January 1, 2020, the Company adopted the guidance of ASC 842, Leases, which requires an entity to recognize a right-of-use asset and a lease liability for virtually all leases. On February 25, 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842), to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing transactions. ASC 842 requires that lessees recognize right-of-use assets and lease liabilities calculated based on the present value of lease payments for all lease agreements with terms that are greater than twelve months. It requires for leases longer than one year, a lessee to recognize in the statement of financial condition a right-of-use asset, representing the right to use the underlying asset for the lease term, and a lease liability, representing the liability to make lease payments. ASC 842 distinguishes leases as either a finance lease or an operating lease that affects how the leases are measured and presented in the statement of operations and statement of cash flows. ASC 842 supersedes nearly all existing lease accounting guidance under GAAP issued by the Financial Accounting Standards Board (“FASB”) including ASC Topic 840, Leases.

The accounting update also requires that for finance leases, a lessee recognize interest expense on the lease liability, separately from the amortization of the right-of-use asset in the statements of earnings, while for operating leases, such amounts should be recognized as a combined expense. In addition, this accounting update requires expanded disclosures about the nature and terms of lease agreements.

Retirement Plan Costs

Contributions to retirement plans (which are defined contribution plans) are charged to general and administrative expenses in the accompanying statements of operation as the related employee service are provided. The Company is required to make contribution to their employees under a government-mandated multi-employer defined contribution pension scheme for its eligible full-times employees in Singapore. The Company is required to contribute a specified percentage of the participants’ relevant income based on their ages and wages level. During the year ended December 31, 2025 and 2024, contributions of approximately S$0.3 and S$0.2 million for each respective period were made accordingly.

Segment Reporting

ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major clients in financial statements for detailing the Company’s business segments. Based on the criteria established by ASC 280, the Company’s chief operating decision maker (“CODM”) has been identified as the Chief Executive Officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. As a whole and hence, the Company has only three reportable segments. The Company does not distinguish between markets or segments for the purpose of internal reporting. As the Company’s long-lived assets are substantially located in Singapore, no geographical segments are presented.

Related Parties

The Company follows the ASC 850-10, Related Party for the identification of related parties and disclosure of related party transactions.

Pursuant to section 850-10-20 the related parties include: a) affiliates of the Company; b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of section 825–10–15, to be accounted for by the equity method by the investing entity; c) trusts for the benefit of employees, such as pension and Income-sharing trusts that are managed by or under the trusteeship of management; d) principal owners of the Company; e) management of the Company; f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.

Commitments and Contingencies

In the normal course of business, the Company is subject to commitments and contingencies, including operating lease commitments, legal proceedings and claims arising out of its business that relate to a wide range of matters, such as government investigations and tax matters. The Company recognizes a liability for such contingency if it determines it is probable that a loss will occur, and a reasonable estimate of the loss can be made. The Company may consider many factors in making these assessments on liability for contingencies, including historical and the specific facts and circumstances of each matter.

Earnings per share

The Company computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net income divided by the weighted average number of ordinary shares outstanding for the period. Diluted EPS presents the diluted effect on a per share basis of the potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. For the years ended December 31, 2023, 2024 and 2025, there were no dilutive shares.

Concentration of Credit Risk

Financial instruments consist of cash equivalents, and accounts receivable. Cash equivalents are maintained with high credit quality institutions, the composition and maturities of which are regularly monitored by management. As of December 31, 2025 and 2024, bank and cash balances of approximately S$10.7 million and S$0.7 million was maintained at financial institutions in Singapore, of which approximately S$8.5 million and S$0.2 million respectively was subject to credit risk. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness.

For accounts receivable, the Company determines, on a continuing basis, the allowance for credit loss based on the estimated realizable value. The Company identifies credit risk on a customer-by-customer basis. The information is monitored regularly by management. Concentration of credit risk arises when a group of customers having similar characteristics such that their ability to meet their obligations is expected to be affected similarly by changes in economic conditions.

Liquidity Risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.

The Company ensures that it has sufficient cash and bank balances, and liquid assets to meet its expected operational expenses, including servicing for financial obligations and bank borrowings.

Fair Value Measurement

The Company follows the guidance of the ASC Topic 820-10, Fair Value Measurement and Disclosure (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

●

Level 1 : Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets;

	●	Level 2 : Inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. Black-Scholes Option-Pricing model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs; and
	●	Level 3 : Inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models.

The carrying value of the Company’s financial instruments: cash and cash equivalents, restricted cash, accounts receivable, loans receivable, deposits and other receivables, amount due to a related parties, accounts payable and accrued liabilities, amount due to a related parties, other payables and accrued liabilities, bank borrowings and lease liabilities approximate at their fair values because of the short-term nature of these financial instruments.

Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Recently Issued Accounting Pronouncements

The Company is an “emerging growth company” (“EGC”) as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, EGC can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies.

In November 2023, the FASB issued ASU 2023-07, Segment Reporting: Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which focuses on improving reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. A public entity shall disclose for each reportable segment the significant expense categories and amounts that are regularly provided to the CODM and included in reported segment profit or loss. ASU 2023-07 also requires entities to provide in interim periods all disclosure about a reportable segment’s profit or loss and assets that are currently required annually. Entities are permitted to disclose more than one measure of a segment’s profit or loss if such measures are used by the CODM to allocate resources and assess performance, as long as at least one of those measures is determined in a way that is most consistent with the measurement principles used to measure the corresponding amounts in the consolidated financial statements. ASU 2023-07 is applied retrospectively to all periods presented in financial statements, unless it is impracticable. The company adopted ASU 2023-07 on January 1, 2025, expansion of segment disclosure is presented in Note 15.

In December 2023, the FASB issued ASU 2024-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Under this ASU, public entities must annually (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than five percent of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate). This ASU’s amendments are effective for all entities that are subject to Topic 740. The company adopted ASU2024-09 on January 1, 2025 in Note 16.

On November 4, 2024, the FASB issued ASU No. 2024-03, Expense Disaggregation Disclosures (“ASU 2024-03”). ASU 2024-03 amends ASC 220, Comprehensive Income to expand income statement expense disclosures and require disclosure in the notes to the financial statements of specified information about certain costs and expenses. ASU 2024-03 is required to be adopted for fiscal years commencing after December 15, 2026, with early adoption permitted. The Company is currently evaluating the impact of adopting the standard on the Consolidated Financial Statements.

In November 2024, the FASB issued ASU 2024-04, “Debt - Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments,” which clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. The amendments also clarify some specific applications of induced conversion guidance and that the guidance applies to a convertible debt instrument that is not currently convertible as long as it had a substantive conversion feature as of both its issuance date and the date the inducement offer is accepted. The new guidance is required to be applied either prospectively or retrospectively. This guidance is effective for the Company for the year ending March 31, 2027. Early adoption is permitted. The Company is evaluating the impact of the adoption of this guidance.

In July 2025, the FASB issued ASU No. 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. The amendments in this update provide a practical expedient permitting an entity to assume that conditions at the balance sheet date remain unchanged over the life of the asset when estimating expected credit losses for current classified accounts receivable and contract assets. This update is effective for annual periods beginning after December 15, 2025, including interim periods within those annual reporting years. If the practical expedient is elected, the amendments should be applied prospectively. Early adoption is permitted. The Company does not expect that the adoption of this standard will have a material impact on its financial statements.

The Company considers the applicability and impact of all accounting standards updates (“ASUs”). Management periodically reviews new accounting standards that are issued. Under the Jumpstart Our Business Startups Act of 2012, as amended (the “JOBS Act”), the Company meets the definition of an emerging growth company and has elected the extended transition period for complying with new or revised accounting standards, which delays the adoption of these accounting standards until they would apply to private companies.

PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

PLANT AND EQUIPMENT, NET

NOTE－7 PLANT AND EQUIPMENT, NET

Plant and equipment consisted of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT, NET

	As of Dec 31, 2024			As of Dec 31, 2025
	S$’000			S$’000
At cost:
Office equipment		43			277
Machinery and equipment		37,185			42,098
Motor vehicles		891			1,000
Plant and equipment, gross		38,119			43,375
Less: Accumulated depreciation		(7,886	)		(10,238	)
Plant and equipment, net		30,233			33,137

Depreciation expense for the year ended December 31, 2023, 2024 and 2025 were S$3.7 million, S$4.2 million and S$4.7 million (US$3.7 million), respectively.

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2025

RELATED PARTY TRANSACTIONS

NOTE－ 17 RELATED PARTY TRANSACTIONS

In the ordinary course of business, the Company was involved in certain transactions, either at cost or current market prices, and on the normal commercial terms with related parties. The following table provides the transactions with these parties for the years as presented (for the portion of such period that they were considered related):

		S$’000		S$’000		S$’000
		Year ended December 31,
Nature of transactions		2023		2024		2025
		S$’000		S$’000		S$’000

Ten-League Corporations Pte. Ltd.⁽¹⁾
- Management fee charged	(1)		2,471		1,358		1,327
- Purchase of plant and equipment	(1)		884		10		335
- Purchase of spare parts	(1)		708		877		2,024
- Purchase of motor vehicles	(1)		88		-		-
-Expenses paid on behalf	(1)		-		3		12
-Services rendered	(1)		-		2		-
- Lease payments in respect of:
Plant and equipment	(1)		131
Factory premises	(1)		480		1,096		1,234
Lease payments	(1)		480		1,096		1,234
-Sale of equipment	(1)		-		-		1,396
Ten-League Green Energy Pte. Ltd.⁽²⁾
- Subcontract costs	(2)		373		203		-

These related parties are controlled by the common shareholders of the Company.

(1)	- Ultimate holding company
(2)	- 100% held by Ten-League Corporations Pte Ltd

Apart from the transactions and balances detailed elsewhere in these accompanying consolidated financial statements, the Company has no other significant or material related party transactions during the years presented.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Cover - shares	12 Months Ended
Cover - shares	Dec. 31, 2025	Dec. 31, 2024
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2025
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2025
Current Fiscal Year End Date	--12-31
Entity File Number	333-275240
Entity Registrant Name	Ten-League International Holdings Limited
Entity Central Index Key	0001982012
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	7 Tuas Avenue 2
Entity Address, Address Line Two	(Jurisdiction of Incorporation or Organization)
Entity Address, City or Town	Singapore
Entity Address, Country	SG
Entity Address, Postal Zip Code	639447
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	29,404,342
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	6967	6732
Auditor Name	CT International LLP	Onestop Assurance PAC
Auditor Location	San Francisco, California	Singapore
Auditor Opinion [Text Block]	We have audited the accompanying consolidated balance sheet of Ten-League International Holdings Limited and its subsidiaries (the Company) as of December 31, 2025, and the related consolidated statement of operations and comprehensive income, changes in shareholders’ equity, and cash flows for the year ended December 31, 2025, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	c/o 7 Tuas Avenue 2
Entity Address, City or Town	Singapore
Entity Address, Country	SG
Entity Address, Postal Zip Code	639447
City Area Code	+65
Local Phone Number	6862 0769
Contact Personnel Name	Lim Boon Ping

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

SCHEDULE OF CURRENCY EXCHANGE RATES

The following table outlines the currency exchange rates that were used in creating the consolidated financial statements in this report:

SCHEDULE OF CURRENCY EXCHANGE RATES

	As of Dec 31, 2024		As of Dec 31, 2025

Year-end spot rate		US$1=S$1.3662		US$1=S$1.2859
Average rate		US$1=S$1.3380		US$1=S$1.3058
Exchange rate		US$1=S$1.3380		US$1=S$1.3058

SCHEDULE OF PLANT AND EQUIPMENT ESTIMATED USEFUL LIVES

		Expected useful life
Office equipment		5 years
Leasehold factory premises		Over the remaining lease term
Machinery and equipment		5-10 years
Motor vehicles		5-10 years

DISAGGREGATION OF REVENUE (Tables)

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

SCHEDULE OF DISAGGREGATION OF REVENUE BY BUSINESS SEGMENT

The following tables present the Company’s revenue disaggregated by business segment and geography, based on management’s assessment of available data:

			2024	2025
	Year ended December 31,
	2023		2024	2025
	S$’000		S$’000	S$’000
Revenue recognition at a single point in time:
Sales of heavy equipment and parts		56,449	45,763	61,234
Engineering consultancy service income		7,032	2,190	2,178
Revenue recognition		63,481	47,953	63,412
Revenue recognition over time:
Rental income		9,301	10,543	12,766

Total revenue		72,782	58,496	76,178

SCHEDULE OF ANALYSIS OF ALLOWANCE (Details) $ in Thousands	12 Months Ended
SCHEDULE OF ANALYSIS OF ALLOWANCE (Details) $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Inventory Disclosure [Abstract]
Allowance for inventories obsolescence, beginning		$ 473	$ 492
Reversal of inventories obsolescence			(19)
Allowance for inventories obsolescence, ending		$ 473	$ 473	$ 492

DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES (Tables)

12 Months Ended

Dec. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

SCHEDULE OF DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES

	As of Dec 31, 2024		As of Dec 31, 2025
		S$’000		S$’000

Deposits		155		96
Prepayments		89		1,386
Advance to suppliers*		871		70
Lease receivables – Current		568		967
Goods and services tax receivable		-		444
Others		125		33
		1,808		2,996

Lease receivables – Non-current		343		304

*	Advance to suppliers was related to purchase orders.

SCHEDULE OF DIRECT FINANCING LEASE INCOME

Details of the Company’s lease income from direct financing leases for the years ended December 31, 2023, 2024 and 2025 as follows:

	As of Dec 31, 2023		As of Dec 31, 2024		As of Dec 31, 2025
	S$’000		S$’000		S$’000

Profit at lease commencement		34		152		286
Interest income on lease receivables		34		616		266
Total lease income		68		768		552

SCHEDULE OF DIRECT FINANCING LEASE NET INVESTMENT IN LEASE

Net investment in leases as of December 31, 2024 and 2025 were:

	As of Dec 31, 2024		As of Dec 31, 2025
	S$’000		S$’000

Lease receivable		911		1,271
Unguaranteed residual assets		90		445
Early settlement		-		(156	)
Net investment – direct financing leases		1,001		1,560

SUMMARY OF MATURITY OF LEASE RECEIVABLES

The maturity of lease receivables as of December 31, 2025 is as follows:

	As of Dec 31, 2025
	S$’000

Not later than one year		1,428
Later than one year but not later than five years		325
Gross investment in lease		1,753
Less: Unearned finance income		(1,271	)
Present value of minimum lease payment receivables		482
Non-current finance lease receivables		304
Current finance lease receivables		967

REVENUES BY SEGMENT (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

SCHEDULE OF REVENUES BY SEGMENT

			2024		2025
	Year ended December 31,
	2023		2024		2025
	S$’000		S$’000		S$’000

Sale of heavy equipment and parts		56,449		45,763		61,234
Engineering consultancy service income		7,032		2,190		2,178
Rental income		9,301		10,543		12,766
Revenues by segment		72,782		58,496		76,178

SUMMARY OF SEGMENT INFORMATION BY PRODUCT

The following tables present summary information by product type for the year ended December 31, 2023, 2024 and 2025, respectively:

	S$’000			S$’000			S$’000			S$’000
	For the year ended December 31, 2023
	Sale of heavy equipment and parts			Engineering consultancy service			Rental income			Total
	S$’000			S$’000			S$’000			S$’000
Revenue		56,449			7,032			9,301			72,782
Cost of revenues		(46,352	)		(5,240	)		(5,408	)		(57,000	)
Gross Profit		10,097			1,792			3,893			15,782

	S$’000			S$’000			S$’000			S$’000
	For the year ended December 31, 2024
	Sale of heavy equipment and parts			Engineering consultancy service			Rental income			Total
	S$’000			S$’000			S$’000			S$’000
Net revenues		45,763			2,190			10,543			58,496
Cost of revenues		(41,489	)		(1,428	)		(4,921	)		(47,838	)
Gross Profit		4,274			762			5,622			10,658

	S$’000			S$’000			S$’000			S$’000
	For the year ended December 31, 2025
	Sale of heavy equipment and parts			Engineering consultancy service			Rental income			Total
	S$’000			S$’000			S$’000			S$’000
Net revenues		61,234			2,178			12,766			76,178
Cost of revenues		(51,939	)		(620	)		(5,003	)		(57,562	)
Gross Profit		9,295			1,558			7,763			18,616

SCHEDULE OF REVENUE DISAGGREGATED BY TIMING OF REVENUE RECOGNITION

In the following table, revenue is disaggregated by the timing of revenue recognition.

	S$’000		S$’000		S$’000		S$’000
	For the year ended December 31, 2023
	Sale of heavy equipment and parts		Engineering consultancy service		Rental income		Total
	S$’000		S$’000		S$’000		S$’000
Timing of revenue recognition:
Point in time		56,449		7,032		-		63,481
Over time		-		-		9,301		9,301
Total net revenues		56,449		7,032		9,301		72,782

	S$’000		S$’000		S$’000		S$’000
	For the year ended December 31, 2024
	Sale of heavy equipment and parts		Engineering consultancy service		Rental income		Total
	S$’000		S$’000		S$’000		S$’000
Timing of revenue recognition:
Point in time		45,763		2,190		-		47,953
Over time		-		-		10,543		10,543
Total net revenues		45,763		2,190		10,543		58,496

	S$’000		S$’000		S$’000		S$’000
	For the year ended December 31, 2025
	Sale of heavy equipment and parts		Engineering consultancy service		Rental income		Total
	S$’000		S$’000		S$’000		S$’000
Timing of revenue recognition:
Point in time		61,234		2,178		-		63,412
Over time		-		-		12,766		12,766
Total net revenues		61,234		2,178		12,766		76,178

SCHEDULE OF DEPRECIATION EXPENSES OF PROPERTY AND EQUIPMENT

The following table presents the depreciation expenses of property and equipment in cost of revenues by segment for the years ended December 31, 2023, 2024 and 2025:

For the year ended December 31, 2023

Sale of

heavy

equipment

and parts

Engineering

consultancy

service

Rental

income

Total

S$’000

Total depreciation expenses of property and equipment

3,611

For the year ended December 31, 2024

Sale of

heavy

equipment

and parts

Engineering

consultancy

service

Rental

income

Total

S$’000

Total depreciation expenses of property and equipment

4,094

For the year ended December 31, 2025

Sale of

heavy

equipment

and parts

Engineering

consultancy

service

Rental

income

Total

S$’000

Total depreciation expenses of property and equipment

4,494

SCHEDULE OF FINANCIAL INFORMATION OF GEOGRAPHIC SEGMENTS

			2024		2025
	Year ended December 31,
	2023		2024		2025
	S$’000			S$’000		S$’000

Singapore		69,735		54,836		73,134

Other countries⁽¹⁾		3,047		3,660		3,044

Total net revenues		72,782		58,496		76,178

(1)

Other countries include Indonesia, China and Hong Kong.

SCHEDULE OF DEFERRED INCOME TAX LIABILITY (Details) - SGD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Liabilities
Net book value of fixed assets	$ 33,137	$ 30,233
Net book value of ROUA	11	1,199
Less: Lease liabilities (ROUA)	(12)	(1,221)
Less: Net book value of non-qualifying assets	(53)	(27)
Deferred tax liability gross	33,083	30,184
Less: Tax written down value	(17,711)	(18,309)
Timing difference	15,372	11,875
Deferred tax liability @ 17%	$ 2,613	$ 2,017	$ 1,586	$ 861

BANK BORROWINGS

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

BANK BORROWINGS

NOTE－ 11 BANK BORROWINGS

Bank borrowings consisted of the following:

SCHEDULE OF BANK BORROWINGS

	Term of	Annual			As of		As of
	repayments	interest rate			Dec 31, 2024		Dec 31, 2025
						S$’000		S$’000

Term loans	Within 5 years		3.0	%		175		-
Bills payable (Note a)						23,158		16,953
Bank borrowings						23,333		16,953
Total:
Representing:-
Within 12 months						23,333		16,953
Over 1 year						-		-

Bank borrowings						23,333		16,953

Note a: These bills payable are short-term credit facilities granted by local banks to us in the amount of up to in aggregate of S$23.5 million and is up to 180 days for financing the purchase of equipment and machinery.

As of December 31, 2024, term loan was obtained from a financial institution in Singapore, which bear annual interest at a fixed rate at 3.0% and are repayable within 5 years. Term loan was fully repaid as at December 31, 2025.

The company’s bank borrowing and banker’s guarantee of S$749,960 (2024: S$411,740) are guaranteed under a personal guarantee from Mr Jison Lim and under a corporate guarantee from Ten-League Corporations Pte Ltd.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

CONCENTRATIONS OF RISK (Tables)

12 Months Ended

Dec. 31, 2025

Risks and Uncertainties [Abstract]

SCHEDULE OF OUTSANDING PAYABLE

	As at Dec 31, 2024				As at Dec 31, 2025
	Percentage of Purchases		Accounts payable		Percentage of Purchases		Accounts Payable
		%		‘000		%		‘000
Vendor A		67.2		7,141		64.5		8,062

SUMMARY OF SEGMENT INFORMATION BY PRODUCT (Details) $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Segment Reporting Information [Line Items]
Net revenues		$ 76,178	$ 58,496	$ 72,782
Cost of revenues	$ (44,764)	(57,562)	(47,838)	(57,000)
Gross Profit	$ 14,477	18,616	10,658	15,782
Sale of Heavy Equipment and Parts [Member]
Segment Reporting Information [Line Items]
Net revenues		61,234	45,763	56,449
Cost of revenues		(51,939)	(41,489)	(46,352)
Gross Profit		9,295	4,274	10,097
Engineering Consultancy Service Income [Member]
Segment Reporting Information [Line Items]
Net revenues		2,178	2,190	7,032
Cost of revenues		(620)	(1,428)	(5,240)
Gross Profit		1,558	762	1,792
Rental Income [Member]
Segment Reporting Information [Line Items]
Net revenues		12,766	10,543	9,301
Cost of revenues		(5,003)	(4,921)	(5,408)
Gross Profit		$ 7,763	$ 5,622	$ 3,893

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

+ Details

- Definition

Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.

+ References

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COMMITMENTS AND CONTINGENCIES (Details Narrative) - SGD ($) $ in Thousands	Aug. 15, 2024	Jul. 17, 2024
Stoppage Of Work [Member]
Loss Contingencies [Line Items]
Damages sought due to stoppage of work		$ 1,720
Vehicle Damage And Related Expenses [Member]
Loss Contingencies [Line Items]
Damages sought due to stoppage of work	$ 84,000,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

ACCOUNTS RECEIVABLE, NET (Tables)

12 Months Ended

Dec. 31, 2025

Credit Loss [Abstract]

SCHEDULE OF ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:

SCHEDULE OF ACCOUNTS RECEIVABLE, NET

	As of Dec 31, 2024			As of Dec 31, 2025
		S$’000			S$’000

Accounts receivable		19,310			16,311
Less: Allowance for credit loss		(3,053	)		(1,901	)

Accounts receivable, net		16,257			14,410

SCHEDULE OF PROVISION FOR ALLOWANCE FOR CREDIT LOSSES

Movement in provision for allowance for credit losses – third parties are as follows: -

	As of Dec 31, 2023			As of Dec 31, 2024			As of Dec 31, 2025
	S$’000			S$’000			S$’000

Provision for allowance for expected credit losses, beginning		4,240			3,642			3,053
Provision		41			19			1,442
Written off		(532	)		(582	)		(2,594	)
Reversal		(107	)		(26	)		-
Provision for allowance for expected credit losses, ending		3,642			3,053			1,901

SCHEDULE OF ANALYSIS OF ACCOUNTS RECEIVABLE

As at the end of each reporting period, the aging analysis of accounts receivable, net of provision for allowance for expected credit losses, based on due date is as follows:

	S$’000		S$’000
	Year ended December 31,
	2024		2025
	S$’000		S$’000
Within 30 days		6,345		4,799
Between 31 and 60 days		3,290		1,367
Between 61 and 90 days		1,413		2,261
Between 91 and 120 days		1,089		1,307
Between 121 and 180 days		1,478		2,867
Between 181 and 360 days		863		749
Over 360 days		1,779		1,060
Total account receivables, net		16,257		14,410

SCHEDULE OF REVENUES BY SEGMENT (Details) - SGD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Revenues by segment	$ 76,178	$ 58,496	$ 72,782
Sale of Heavy Equipment and Parts [Member]
Segment Reporting Information [Line Items]
Revenues by segment	61,234	45,763	56,449
Engineering Consultancy Service Income [Member]
Segment Reporting Information [Line Items]
Revenues by segment	2,178	2,190	7,032
Rental Income [Member]
Segment Reporting Information [Line Items]
Revenues by segment	$ 12,766	$ 10,543	$ 9,301

- Definition

+ References

+ Details

INCOME TAX EXPENSE (Details Narrative)	12 Months Ended
INCOME TAX EXPENSE (Details Narrative)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
SINGAPORE
IncomeTaxDisclosureLineItem [Line Items]
Corporate tax rate	17.00%	17.00%	17.00%

SCHEDULE OF PROPERTY AND EQUIPMENT, NET (Details) $ in Thousands, $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)
Property, Plant and Equipment [Line Items]
Plant and equipment, gross		$ 43,375	$ 38,119
Less: Accumulated depreciation		(10,238)	(7,886)
Plant and equipment, net	$ 25,769	33,137	30,233
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross		277	43
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross		42,098	37,185
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment, gross		$ 1,000	$ 891

ACCOUNT PAYABLE AND ACCRUED LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

SCHEDULE OF ACCOUNT PAYABLE AND ACCRUED LIABILITIES

	As of Dec 31, 2024		As of Dec 31, 2025
		S$’000		S$’000

Trade creditors		8,736		8,674
Accrued expenses		311		398
Deposit received		2,293		1,945
Goods and services tax payable		161		27
Deferred income		533		221
Others		102		223
		12,136		11,488

SCHEDULE OF EFFECTIVE INCOME TAX RATE (Details) $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Effective Income Tax Rate Reconciliation [Line Items]
Income before income taxes	$ 5,571	$ 7,163	$ 2,615	$ 8,126
(Over)/ Under provision in previous financial year		(13)	300	(360)
Income tax expense	$ 1,226	1,577	731	1,046
SINGAPORE
Effective Income Tax Rate Reconciliation [Line Items]
Income before income taxes		$ 7,163	$ 2,615	$ 8,126
Statutory income tax rate	17.00%	17.00%	17.00%	17.00%
Income tax expense at statutory rate		$ 1,218	$ 445	$ 1,381
(Over)/ Under provision in previous financial year		(13)	300	(360)
Tax effect of non-taxable income			(133)	(228)
Tax effect of non-deductible items		489	41	156
Tax effect on temporary differences		(22)	78	211
Statutory stepped income tax exemption		(95)		(114)
Income tax expense		$ 1,577	$ 731	$ 1,046

ACCOUNT PAYABLE AND ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

ACCOUNT PAYABLE AND ACCRUED LIABILITIES

NOTE－ 9 ACCOUNT PAYABLE AND ACCRUED LIABILITIES

	As of Dec 31, 2024		As of Dec 31, 2025
		S$’000		S$’000

Trade creditors		8,736		8,674
Accrued expenses		311		398
Deposit received		2,293		1,945
Goods and services tax payable		161		27
Deferred income		533		221
Others		102		223
		12,136		11,488

SHAREHOLDERS’ EQUITY

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

SHAREHOLDERS’ EQUITY

NOTE－14 SHAREHOLDERS’ EQUITY

Ordinary Shares

The Company was established under the laws of Cayman Islands on March 17, 2023 with authorized share of 500,000,000 ordinary shares of par value US$0.001 each at the time of incorporation. One ordinary share was issued on March 17, 2023.

Our authorized share capital has been changed to US$500,000 divided into 20,000,000,000 ordinary shares, par value of US$0.000025 each on February 16, 2024. Following the completion of the Forward Split on February 16, 2024, the 27,796,502 ordinary shares issued and outstanding are presented on a retroactive basis for the periods presented to reflect the Reorganization completed on February 16, 2024.

A further 1,607,840 ordinary shares were issued by July 8, 2025, resulting in 29,404,342 ordinary shares outstanding as at December 31, 2025. The Company only has one class of ordinary shares that are accounted for as equity.

The Company is authorized to issue one class of ordinary share.

The holders of the Company’s ordinary share are entitled to the following rights:

Voting Rights: Each share of the Company’s ordinary share entitles its holder to one vote per share on all matters to be voted or consented upon by the stockholders. Holders of the Company’s ordinary shares are not entitled to cumulative voting rights with respect to the election of directors.

Dividend Right: Subject to limitations under Cayman law and preferences that may apply to any shares of preferred stock that the Company may decide to issue in the future, holders of the Company’s ordinary share are entitled to receive ratably such dividends or other distributions, if any, as may be declared by the Board of the Company out of funds legally available thereof.

Liquidation Right: In the event of the liquidation, dissolution or winding up of our business, the holders of the Company’s ordinary share are entitled to share ratably in the assets available for distribution after the payment of all of the debts and other liabilities of the Company.

Other Matters: The holders of the Company’s ordinary share have no subscription, redemption or conversion privileges. The Company’s ordinary share does not entitle its holders to preemptive rights. All of the outstanding shares of the Company’s ordinary share are fully paid and non-assessable. The rights, preferences and privileges of the holders of the Company’s ordinary share are subject to the rights of the holders of shares of any series of preferred stock which the Company may issue in the future.

- Definition

The entire disclosure for equity.

+ References

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+ Details

SUMMARY OF MATURITY OF LEASE RECEIVABLES (Details) $ in Thousands	Dec. 31, 2025 SGD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Not later than one year	$ 1,428
Later than one year but not later than five years	325
Gross investment in lease	1,753
Less: Unearned finance income	(1,271)
Present value of minimum lease payment receivables	482
Non-current finance lease receivables	304
Current finance lease receivables	$ 967

REVENUES BY SEGMENT (Details Narrative)	12 Months Ended
REVENUES BY SEGMENT (Details Narrative)	Dec. 31, 2025 Segment
Segment Reporting [Abstract]
Number of operating segments	3
Number of reportable segments	3

CONCENTRATIONS OF RISK

12 Months Ended

Dec. 31, 2025

Risks and Uncertainties [Abstract]

CONCENTRATIONS OF RISK

NOTE－18 CONCENTRATIONS OF RISK

The Company is exposed to the following concentrations of risk:

(a)	Major customers

For the year ended December 31, 2025, there was one single customer who accounted approximately for 15.2% of the Company’s revenues. Such substantial revenue contribution by this customer was primarily attributable to the sales of a total of twenty-two units of equipment with a combined value of approximately S$11.6 million.

For the year ended December 31, 2024, there was one single customer who accounted approximately for 18.4% of the Company’s revenues. Such substantial revenue contribution by this customer was primarily attributable to the sales of a total of twenty-three units of equipment with a combined value of approximately S$10.8 million.

For the year ended December 31, 2023, there was one single customer who accounted approximately for 9.5% of the Company’s revenues. Such substantial revenue contribution by this customer was primarily attributable to the sales of a total of seven units of equipment with a combined value of approximately S$6.9 million.

The major customer for December 31, 2023, 2024 and 2025 is the same major customer.

(a)	Major vendors

For the year ended December 31, 2025, Vendor A accounted for 64.5% or more of the Company’s purchases. For the year ended December 31, 2024, Vendor A accounted for 67.2% or more of the Company’s purchases. For the year ended December 31, 2023, Vendor A accounted for 71.1% or more of the Company’s purchases. Its outstanding payable balance as at each period, is presented as follows:

SCHEDULE OF OUTSANDING PAYABLE

	As at Dec 31, 2024				As at Dec 31, 2025
	Percentage of Purchases		Accounts payable		Percentage of Purchases		Accounts Payable
		%		‘000		%		‘000
Vendor A		67.2		7,141		64.5		8,062

(b)	Credit risk

The Company has adopted a policy of only dealing with creditworthy counterparties. The Company performs ongoing credit evaluation of its counterparties’ financial condition and generally do not require a collateral. The Company also considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period.

The Company has determined the default event on a financial asset to be when internal and/or external information indicates that the financial asset is unlikely to be received, which could include default of contractual payments due for more than 90 days, default of interest due for more than 365 days or there is significant difficulty of the counterparty.

To minimize credit risk, the Company has developed and maintained its credit risk grading to categorize exposures according to their degree of risk of default. The credit rating information is supplied by publicly available financial information and the Company’s own trading records to rate its major customers and other debtors. The Company considers available reasonable and supportive forward-looking information which includes the following indicators:

	●	Actual or expected significant adverse changes in business, financial or economic conditions that are expected to cause a significant change to the debtor’s ability to meet its obligations

	●	Internal credit rating

	●	External credit rating and when necessary

Regardless of the analysis above, a significant increase in credit risk is presumed if a debtor is more than 30 days past due in making contractual payment.

As of December 31, 2025, there was approximately S$3.3 million outstanding from a single customer representing 23.0% of the total net account receivable balances.

As of December 31, 2024, there was approximately S$1.9 million outstanding from a single customer representing 11.6% of the total net account receivable balances.

(c)	Interest rate risk

As the Company has no significant interest-bearing assets, the Company’s income and operating cash flows are substantially independent of changes in market interest rates.

The Company’s interest-rate risk arises from bank borrowings. The Company manages interest rate risk by varying the issuance and maturity dates of variable rate debt, limiting the amount of variable rate debt, and continually monitoring the effects of market changes in interest rates. As of December 31, 2023, 2024 and 2025, the term loans were at fixed interest rates.

(d)	Foreign currency risk

The Company’s foreign exchange risk results mainly from cash flows from transactions denominated in foreign currencies. At present, the Company does not have any formal policy for hedging against currency risk. The Company ensures that the net exposure is kept to an acceptable level by buying or selling foreign currencies at spot rates, where necessary, to address short-term imbalances.

The Company has transactional currency exposures arising from sales or purchases that are denominated in a currency other than the functional currency of the Company, primarily Chinese Renminbi. The Company’s exposure to Chinese Renminbi is minimal and is not expect to have a material impact.

(e)	Liquidity risk

The Company ensures that it has sufficient cash and bank balances, and liquid assets to meet its expected operational expenses, including servicing for financial obligations and bank borrowings.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
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-Section 50
-Paragraph 21
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
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-Paragraph 21
-Subparagraph (c)(3)
-Publisher FASB
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-Section 50
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-Subparagraph (c)(2)
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-Name Accounting Standards Codification
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-Paragraph 21
-Subparagraph (a)
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/275/tableOfContent

+ Details

RIGHT-OF-USE ASSETS (Tables)

12 Months Ended

Dec. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

SCHEDULE OF CARRYING AMOUNT OF RIGHT-OF-USE ASSETS

The carrying amount of right-of-use assets by class of underlying asset are as follows:

	As of Dec 31, 2024			As of Dec 31, 2025
		S$’000			S$’000

At cost:
Leasehold buildings		2,072			2,072
Office equipment		20			20
Right-of-use assets, gross		2,092			2,092
Less: Accumulated depreciation		(893	)		(2,081	)

Right-of-use assets, net		1,199			11

SCHEDULE OF LEASE-RELATED ASSETS AND LIABILITIES

The table below presents the lease-related assets and liabilities recorded on the balance sheet.

	As of Dec 31, 2024		As of Dec 31, 2025
	S$’000		S$’000

Assets
Operating lease, right-of-use asset, net		1,199		11

Total right-of-use asset		1,199		11

Liabilities
Current:
Operating lease liabilities		1,209		4
Operating lease liabilities current		1,209		4

Non-current:
Operating lease liabilities		12		8
Operating lease liabilities noncurrent		12		8

Total operating lease liabilities		1,221		12

SCHEDULE OF LEASE EXPENSE

The Company excludes short-term leases (those with lease terms of less than one year at inception) from the measurement of lease liabilities or right-of-use assets. The following tables summarize the lease expense for the years.

SCHEDULE OF LEASE EXPENSE

	As of Dec 31, 2023		As of Dec 31, 2024		As of Dec 31, 2025
	S$’000			S$’000		S$’000

Operating lease cost:
Operating lease expense (per ASC 842)		422		951		1,217

Short-term lease expense (other than ASC 842)		120		120		323

Total lease expense		542		1,071		1,540

SCHEDULE OF FUTURE CONTRACTUAL LEASE PAYMENTS

The below table summarizes our (i) minimum lease payments over the next five years, (ii) lease arrangement implied interest, and (iii) present value of future lease payments for the next three years ending December 31:

Year ending December 31,	Operating and finance lease amount
	S$’000
Right of Use Assets
2026		5
2027 – 2030		8
Less: interest
2026		(1	)
Present value of lease liabilities – Right of Use Assets		12

Representing:
Current liabilities – Right of Use Assets		4
Non-current liabilities – Right of Use Assets		8
		12

Hire Purchase
2026		7,130
2027 – 2030		7,900
Less: interest
2026		(528	)
2027 onwards		(350	)

Present value of lease liabilities – Hire Purchase		14,152

Representing:
Current liabilities – Hire Purchase		6,602
Non-current liabilities – Hire Purchase		7,550
		14,152

Representing:
Current liabilities		6,606
Non-current liabilities		7,558

Lease liabilities		14,164

SCHEDULE OF OPERATING LEASE SUPPLEMENTAL CASH FLOWS INFORMATION

	2023			2024			2025
	Year ended December 31
	2023			2024			2025
	S$’000			S$’000			S$’000
Supplemental Cash Flows information
Cash paid for amounts included in the measurement of lease liability:
Operating cash flows from operating lease		7,764			8,638			9,573
Cash paid for amounts included in the measurement of lease liability operating cash flows from operating lease		7,764			8,638			9,573

Operating lease asset obtained in exchange for operating lease obligations
Operating lease		9,439			8,360			10,383
Operating lease asset obtained in exchange for operating lease obligations operating lease		9,439			8,360			10,383

Remaining lease term
Operating lease		3.5 years			2.5 years			2.2 years
Discount rate
Operating lease		5.76	%		5.15	%		4.77	%

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

BANK BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

SCHEDULE OF BANK BORROWINGS

Bank borrowings consisted of the following:

SCHEDULE OF BANK BORROWINGS

	Term of	Annual			As of		As of
	repayments	interest rate			Dec 31, 2024		Dec 31, 2025
						S$’000		S$’000

Term loans	Within 5 years		3.0	%		175		-
Bills payable (Note a)						23,158		16,953
Bank borrowings						23,333		16,953
Total:
Representing:-
Within 12 months						23,333		16,953
Over 1 year						-		-

Bank borrowings						23,333		16,953

CONCENTRATIONS OF RISK (Details Narrative) $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)
Concentration Risk [Line Items]
Total revenue	$ 76,178	$ 58,496	$ 72,782
Net account receivable		$ 16,257		$ 11,206	$ 14,410
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Single Customer [Member]
Concentration Risk [Line Items]
Concentration risk percentage	15.20%	18.40%	9.50%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Single Customer [Member] \| Twenty Two Units Of Equipment [Member]
Concentration Risk [Line Items]
Total revenue	$ 11,600
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Single Customer [Member] \| Twenty-three Units of Equipment [Member]
Concentration Risk [Line Items]
Total revenue		$ 10,800	$ 6,900
Cost of Goods and Service Benchmark [Member] \| Supplier Concentration Risk [Member] \| Vendor A [Member]
Concentration Risk [Line Items]
Concentration risk percentage	64.50%	67.20%	71.10%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Single Customer [Member]
Concentration Risk [Line Items]
Concentration risk percentage	23.00%	11.60%
Net account receivable		$ 1,900			$ 3,300

SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES (Details) (Parenthetical)	Dec. 31, 2025
Merrimack Holdings Pte Ltd [Member] \| Ten-League Corporations Pte. Ltd. [Member]
ScheduleOfTransactionsWithRelatedPartiesLineItem [Line Items]
Effective ownership percentage	100.00%

SCHEDULE OF OUTSANDING PAYABLE (Details) - Cost of Goods and Service Benchmark [Member] - Supplier Concentration Risk [Member] - Vendor A [Member] - SGD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Concentration Risk [Line Items]
Percentage of purchases	64.50%	67.20%	71.10%
Accounts payable	$ 8,062	$ 7,141

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147478785/954-310-50-2

+ Details

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

SCHEDULE OF CURRENCY EXCHANGE RATES (Details)	Dec. 31, 2025	Dec. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exchange rate	0.7777
Year-End Spot Rate [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exchange rate	1	1
Average Rate [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exchange rate	1	1

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Section 50
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

SCHEDULE OF DEPRECIATION EXPENSES OF PROPERTY AND EQUIPMENT (Details) - SGD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total depreciation expenses of property and equipment	$ 4,494	$ 4,094	$ 3,611
Sale of Heavy Equipment and Parts [Member]
Segment Reporting Information [Line Items]
Total depreciation expenses of property and equipment
Engineering Consultancy Service Income [Member]
Segment Reporting Information [Line Items]
Total depreciation expenses of property and equipment
Rental Income [Member]
Segment Reporting Information [Line Items]
Total depreciation expenses of property and equipment	$ 4,494	$ 4,094	$ 3,611

SCHEDULE OF BANK BORROWINGS (Details) - SGD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Short-Term Debt [Line Items]
Bank borrowings	$ 16,953	$ 23,333
Within 12 months	16,953	23,333
Over 1 year
Term Loans [Member]
Short-Term Debt [Line Items]
Bank borrowings		$ 175
Term of repayments	5 years	5 years
Annual interest rate	3.00%	3.00%
Bills Payable [Member]
Short-Term Debt [Line Items]
Bank borrowings	$ 16,953	$ 23,158

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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+ Details

AMOUNTS DUE TO RELATED PARTIES (Tables)

12 Months Ended

Dec. 31, 2025

Amounts Due To Related Parties

SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES

Amounts due to related parties consisted of the following:

	As of Dec 31, 2024		As of Dec 31, 2025
		S$’000		S$’000
Due to related parties*
- Ten-League Corporations Pte Ltd⁽¹⁾		12,353		14,284
- Ten-League Green Energy Pte Ltd⁽²⁾		577		188
Due to related parties		12,930		14,472

(1)

Ultimate holding company

(2)

100% owned by Ten-League Corporations Pte Ltd

The amounts are unsecured, interest-free and repayable on demand.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2025

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE－20 SUBSEQUENT EVENTS

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before consolidated financial statements are issued, the Company has evaluated all events or transactions that occurred after December 31, 2025, up through the date the Company issued the consolidated financial statements.

SCHEDULE OF ACCOUNT PAYABLE AND ACCRUED LIABILITIES (Details) $ in Thousands, $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)
Receivables [Abstract]
Trade creditors		$ 8,674	$ 8,736
Accrued expenses		398	311
Deposit received		1,945	2,293
Goods and services tax payable		27	161
Deferred income		221	533
Others		223	102
Account payable and accrued liabilities	$ 8,934	$ 11,488	$ 12,136

SCHEDULE OF DEFERRED INCOME TAX LIABILITY (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
SINGAPORE
ScheduleOfDeferredIncomeTaxLiabilityLineItems [Line Items]
Income tax rate	17.00%	17.00%	17.00%

SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES (Details) - SGD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Defined Benefit Plan Disclosure [Line Items]

Due to related parties

^[1]

$ 14,472

$ 12,930

Ten-League Corporations Pte. Ltd. [Member]

Defined Benefit Plan Disclosure [Line Items]

Due to related parties

^[1],[2]

14,284

12,353

Ten-League Green Energy Pte Ltd [Member]

Defined Benefit Plan Disclosure [Line Items]

Due to related parties

^[1],[3]

$ 188

$ 577

[1]	The amounts are unsecured, interest-free and repayable on demand.
[2]	Ultimate holding company
[3]	100% owned by Ten-League Corporations Pte Ltd

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (k)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

Amount of liabilities classified as other.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Section S99
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+ Details

SCHEDULE OF DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES (Details)
$ in Thousands, $ in Thousands

Dec. 31, 2025

USD ($)

Dec. 31, 2025

SGD ($)

Dec. 31, 2024

SGD ($)

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Deposits

$ 96

$ 155

Prepayments

1,386

Advance to suppliers

^[1]

871

Lease receivables – Current

967

568

Goods and services tax receivable

444

Others

125

Deposits, prepayments and other receivables

$ 2,330

2,996

1,808

Lease receivables – Non-current

$ 236

$ 304

$ 343

[1]	Advance to suppliers was related to purchase orders.

INVENTORIES, NET

12 Months Ended

Dec. 31, 2025

Inventory Disclosure [Abstract]

INVENTORIES, NET

NOTE－ 5 INVENTORIES, NET

Inventories, net consist of the following:

SCHEDULE OF INVENTORIES

	As of Dec 31, 2024			As of Dec 31, 2025
	S$’000			S$’000
Finished goods at cost		19,093			16,234
Less: Allowance for inventories obsolescence		(473	)		(473	)
Inventories, net		18,620			15,761

Movements in allowance for inventories obsolescence are as follows:

SCHEDULE OF ANALYSIS OF ALLOWANCE

	As of Dec 31, 2024			As of Dec 31, 2025
		S$’000			S$’000

Allowance for inventories obsolescence, beginning		492			473
Reversal of inventories obsolescence		(19	)		-
Allowance for inventories obsolescence, ending		473			473

Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2025

USD ($)

Dec. 31, 2025

SGD ($)

Dec. 31, 2024

SGD ($)

Dec. 31, 2023

SGD ($)

Cash flows from operating activities:

Net income

$ 4,345

$ 5,586

$ 1,884

$ 7,080

Adjustments to reconcile net income to net cash provided by operating activities

Depreciation of plant and equipment

3,625

4,661

4,236

3,729

Depreciation of right-of-use assets

924

1,188

891

396

(Gain)/Loss on disposal of plant and equipment

126

(761)

Gain on de-recognition of right-of-use assets

(51)

Reversal of allowance for inventories obsolescence

(19)

Change in working capital:

Accounts receivable

821

1,056

5,440

(9,395)

Contract assets

(61)

(79)

2,784

(2,784)

Inventories

^[1]

8,889

11,430

(8,891)

867

Related parties

1,199

1,542

(1,087)

(2,024)

Accounts payable and accrued liabilities

(503)

(647)

(605)

(3,383)

Income tax payable

673

866

(181)

(219)

Deferred tax liabilities

463

596

431

725

Net cash provided by operating activities

20,398

26,229

5,009

(5,820)

Cash flows from investing activities:

Proceeds from disposal of plant and equipment

3,405

8,896

Repayment from finance lease receivables

490

630

675

349

Purchase of plant and equipment

^[1]

(13,377)

(17,201)

(12,817)

(12,382)

Net cash used in investing activities

(12,850)

(16,524)

(8,737)

(3,137)

Cash flows from financing activities:

Proceeds from bank borrowings

3,113

4,003

14,654

14,668

Deferred IPO expenses

(1,117)

(1,436)

(705)

(1,196)

Repayment of bank borrowings

(266)

Principal repayment of lease liabilities

(7,229)

(9,296)

(10,741)

(7,482)

Proceed from issuance of new shares

6,402

8,232

Payment of deferred financing costs

(941)

(1,210)

(868)

(405)

Net cash provided by financing activities

228

293

2,074

5,319

Effect on exchange rate change on cash and cash equivalents

Net change in cash and cash equivalent

7,807

9,998

(1,654)

(3,638)

BEGINNING OF PERIOD

502

686

2,340

5,978

END OF PERIOD

8,309

10,684

686

2,340

SUPPLEMENTAL CASH FLOW INFORMATION:

Cash paid for income taxes

115

481

540

Cash paid for interest

684

880

949

822

Cash received from finance lease receivable interest

(206)

(265)

(621)

(34)

Operating lease asset obtained in exchange for operating lease obligations

$ 2,082

[1]	There is a transfer of S$9.6 million (2024: S$7.9 million) from plant and equipment to inventories.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE－2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

These accompanying consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes.

Basis of Presentation

Risks and uncertainties

Use of estimates

Basis of Consolidation

Foreign Currency Translation and Transaction

	●	changes in the currency of operating costs;
	●	changes in financing activities; and
	●	changes in cash flow generation and retention.

Management concluded that the change in functional currency more appropriately reflects the economic substance of the subsidiary’s underlying transactions and events as of the date of change.

The following table outlines the currency exchange rates that were used in creating the consolidated financial statements in this report:

SCHEDULE OF CURRENCY EXCHANGE RATES

	As of Dec 31, 2024		As of Dec 31, 2025

Year-end spot rate		US$1=S$1.3662		US$1=S$1.2859
Average rate		US$1=S$1.3380		US$1=S$1.3058
Exchange rate		US$1=S$1.3380		US$1=S$1.3058

Cash and Cash Equivalents

Accounts Receivable, net

Accounts receivable include trade accounts due from customers in the sale of products.

The Company does not hold any collateral or other credit enhancements overs its accounts receivable balances.

Contract assets

Inventories, net

Deposits, prepayments and other receivables

Finance lease receivables

The Company enters into lease arrangements in which it acts as a lessor for heavy equipment provided to customers.

	-	ownership transfers to the lessee at the end of the lease term;
	-	the lease grants the lessee an option to purchase the asset that the lessee is reasonably certain to exercise;
	-	the lease term represents a major part of the remaining economic life of the asset;
	-	the present value of lease payments equals or exceeds substantially all of the fair value of the asset; or
	-	the underlying asset is of such a specialized nature that it is expected to have no alternative use to the Company at the end of the lease term.

At lease commencement, the Company recognizes a net investment in the lease, which consists of:

	-	the present value of lease payments receivable;
	-	the present value of any unguaranteed residual value; and
	-	any deferred initial direct costs.

Lease payments are discounted using the interest rate implicit in the lease when readily determinable.

Impairment of finance lease receivables

Finance lease receivables are evaluated for impairment in accordance with ASC 326 Current Expected Credit Losses.

The Company maintains an allowance for expected credit losses based on:

	-	historical collection experience;
	-	customer creditworthiness;
	-	current economic conditions; and
	-	reasonable and supportable forecasts.

Deferred IPO costs

Plant and equipment, net

		Expected useful life
Office equipment		5 years
Leasehold factory premises		Over the remaining lease term
Machinery and equipment		5-10 years
Motor vehicles		5-10 years

Impairment of Long-Lived Assets

Revenue Recognition

	Step 1:	Identify the contract(s) with a customer.
	Step 2:	Identify the performance obligations in the contract.
	Step 3:	Determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer.
	Step 4:	Allocate the transaction price to the performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract.
	Step 5:	Recognize revenue when (or as) the entity satisfies a performance obligation – An entity recognizes revenue when (or as) it satisfies a performance obligation by transferring a promised good or service to a customer (which is when the customer obtains control of that good or service). The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A performance obligation may be satisfied at a point in time (typically for promises to transfer goods to a customer) or over time (typically for promises to transfer service to a customer).

The Company currently generates its revenue from the following main sources:

Revenue from goods sold

-	invoiced; and
-	Shipped from the company’s facilities or warehouse (“ex - works”, which is the Company’s standard shipping terms)

Amounts received as prepayment on future products are recorded as customer deposit and recognized as income when the product is shipped.

Revenue from engineering consultancy services provided

Engineering consultancy service contracts where control transfers only upon completion of the service, revenue is recognized at the point in time when:

	-	the service has been completed;
	-	the customer has accepted the service, where applicable; and
	-	the Company has a present right to payment.

Revenue from equipment rental

Rental income is recognised on a time-proportion basis over time taking into account the effective yield on the assets on a straight-line basis over the lease term.

Cost of revenue

Sales and Marketing

Government Grant

The Company does not recognize any sales where the Company is acting as an agent.

Income Taxes

Income taxes are determined in accordance with the provisions of ASC Topic 740, Income Taxes (“ASC 740”).

The Company is subject to tax in local and foreign jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the relevant tax authorities.

Leases

Retirement Plan Costs

Segment Reporting

Related Parties

The Company follows the ASC 850-10, Related Party for the identification of related parties and disclosure of related party transactions.

Commitments and Contingencies

Earnings per share

Concentration of Credit Risk

Liquidity Risk

The Company ensures that it has sufficient cash and bank balances, and liquid assets to meet its expected operational expenses, including servicing for financial obligations and bank borrowings.

Fair Value Measurement

●

Level 1 : Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets;

	●	Level 2 : Inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. Black-Scholes Option-Pricing model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs; and
	●	Level 3 : Inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models.

Recently Issued Accounting Pronouncements

RIGHT-OF-USE ASSETS

12 Months Ended

Dec. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

RIGHT-OF-USE ASSETS

NOTE－ 8 RIGHT-OF-USE ASSETS

The Company adopted ASU No. 2016-02 Leases, on January 1, 2019, the beginning of the fiscal 2019, using the modified retrospective approach. The Company determines whether an arrangement is a lease at inception. This determination generally depends on whether the arrangement conveys the right to control the use of an identified fixed asset explicitly or implicitly for a period of time in exchange for consideration. Control of an underlying asset is conveyed if we obtain the rights to direct the use of and to obtain substantially all of the economic benefit from the use of the underlying asset. Some of our leases include both lease and non-lease components which are accounted for as a single lease component as the Company has elected the practical expedient. Some of the operating lease agreements include variable lease costs, primarily taxes, insurance, common area maintenance or increases in rental costs related to inflation. Substantially all of our equipment leases and some of our real estate leases have terms of less than one year and, as such, are accounted for as short-term leases as we have elected the practical expedient.

Operating leases are included in the right-of-use lease assets, current lease liabilities and long-term lease liabilities on the Consolidated Balance Sheet. Right-of-use assets and lease liabilities are recognized at each lease’s commencement date based on the present values of its lease payments over its respective lease term. When a borrowing rate is not explicitly available for a lease, the incremental borrowing rate is used based on information available at the lease’s commencement date to determine the present value of its lease payments. Operating lease payments are recognized on a straight-line basis over the lease term.

The Company adopts 5.00% as weighted average incremental borrowing rate to determine the present value of the lease payments. The weighted average remaining life of the lease for office equipment and leasehold building was 3.5 years and for machinery and equipment was 2.2 years.

The carrying amount of right-of-use assets by class of underlying asset are as follows:

	As of Dec 31, 2024			As of Dec 31, 2025
		S$’000			S$’000

At cost:
Leasehold buildings		2,072			2,072
Office equipment		20			20
Right-of-use assets, gross		2,092			2,092
Less: Accumulated depreciation		(893	)		(2,081	)

Right-of-use assets, net		1,199			11

Right-of-use assets under operating leasing arrangements classified under leasehold buildings as of December 31, 2024 and 2025 amounted to S$2.1 million for both years.

The table below presents the lease-related assets and liabilities recorded on the balance sheet.

	As of Dec 31, 2024		As of Dec 31, 2025
	S$’000		S$’000

Assets
Operating lease, right-of-use asset, net		1,199		11

Total right-of-use asset		1,199		11

Liabilities
Current:
Operating lease liabilities		1,209		4
Operating lease liabilities current		1,209		4

Non-current:
Operating lease liabilities		12		8
Operating lease liabilities noncurrent		12		8

Total operating lease liabilities		1,221		12

SCHEDULE OF LEASE EXPENSE

	As of Dec 31, 2023		As of Dec 31, 2024		As of Dec 31, 2025
	S$’000			S$’000		S$’000

Operating lease cost:
Operating lease expense (per ASC 842)		422		951		1,217

Short-term lease expense (other than ASC 842)		120		120		323

Total lease expense		542		1,071		1,540

Components of Lease Expense

We recognize lease expense on a straight-line basis over the term of the operating leases, as reported within “general and administrative” expense on the accompanying consolidated statement of operations.

Future Contractual Lease Payments as of December 31, 2025

Year ending December 31,	Operating and finance lease amount
	S$’000
Right of Use Assets
2026		5
2027 – 2030		8
Less: interest
2026		(1	)
Present value of lease liabilities – Right of Use Assets		12

Representing:
Current liabilities – Right of Use Assets		4
Non-current liabilities – Right of Use Assets		8
		12

Hire Purchase
2026		7,130
2027 – 2030		7,900
Less: interest
2026		(528	)
2027 onwards		(350	)

Present value of lease liabilities – Hire Purchase		14,152

Representing:
Current liabilities – Hire Purchase		6,602
Non-current liabilities – Hire Purchase		7,550
		14,152

Representing:
Current liabilities		6,606
Non-current liabilities		7,558

Lease liabilities		14,164

	2023			2024			2025
	Year ended December 31
	2023			2024			2025
	S$’000			S$’000			S$’000
Supplemental Cash Flows information
Cash paid for amounts included in the measurement of lease liability:
Operating cash flows from operating lease		7,764			8,638			9,573
Cash paid for amounts included in the measurement of lease liability operating cash flows from operating lease		7,764			8,638			9,573

Operating lease asset obtained in exchange for operating lease obligations
Operating lease		9,439			8,360			10,383
Operating lease asset obtained in exchange for operating lease obligations operating lease		9,439			8,360			10,383

Remaining lease term
Operating lease		3.5 years			2.5 years			2.2 years
Discount rate
Operating lease		5.76	%		5.15	%		4.77	%

SCHEDULE OF OPERATING LEASE SUPPLEMENTAL CASH FLOWS INFORMATION (Details) - SGD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Supplemental Cash Flows information
Cash paid for amounts included in the measurement of lease liability operating cash flows from operating lease	$ 9,573	$ 8,638	$ 7,764
Operating lease asset obtained in exchange for operating lease obligations operating lease	$ 10,383	$ 8,360	$ 9,439
Remaining lease term operating lease	2 years 2 months 12 days	2 years 6 months	3 years 6 months
Discount rate operating lease	4.77%	5.15%	5.76%

SCHEDULE OF PLANT AND EQUIPMENT ESTIMATED USEFUL LIVES (Details)	Dec. 31, 2025
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	Useful Life, Lease Term [Member]
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Vehicles [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Vehicles [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($) Segment	Dec. 31, 2025 SGD ($) Segment	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)	Dec. 31, 2025 SGD ($)
Accounting Policies [Abstract]
Foreign currency exchange rate	0.7777				0.7777
Provision for allowance for expected credit losses	$ 1,100		$ 100,000		$ 1,400,000
Inventory write down			100,000
Deferred offering costs			1,900,000
Government grant	$ 6	8,000	139,000	$ 41,000
Retirement plan contributions		$ 300,000	200,000
Number of Reportable Segments \| Segment	3	3
Cash			700,000		10,700,000
Credit risk			$ 200,000		$ 8,500,000

BUSINESS OVERVIEW AND BASIS OF PRESENTATION

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

BUSINESS OVERVIEW AND BASIS OF PRESENTATION

NOTE－1 BUSINESS OVERVIEW AND BASIS OF PRESENTATION

Ten-League International Holdings Limited is incorporated in the Cayman Islands on March 17, 2023 as an investment holding company. Ten-League International Holdings Limited conducts its primary operations, through its subsidiaries that are incorporated and domiciled in Singapore namely: 1) Ten-League Engineering & Technology Pte. Ltd. and 2) Ten-League Port Engineering Solutions Pte. Ltd. (collectively referred to as the “Company”). The subsidiaries are fully integrated and comprehensive provider of turnkey project solutions including equipment, value-added engineering solutions as well as maintenance and repair services to the port, construction, civil engineering and underground foundation industries. The Company has more than 24 years of experience as an engineering solutions provider in the port, construction, civil engineering and underground foundation industries and possess a strong and proven track record. We provide “one-stop solution” including heavy equipment sales and rental, customized value-added engineering solutions and equipment maintenance and repair services.

Reorganization

Ten-League International Holdings Limited

Ten-League International Holdings Limited was incorporated in the Cayman Islands on March 17, 2023 under the Companies Act as an exempted company with limited liability. The authorized share capital was US$500,000 divided into 500,000,000 Ordinary shares, par value US$0.001 each at the time of incorporation and the initial 1 share was transferred to Ten-League Corporations Pte. Ltd. on the date of incorporation for cash at par. On July 6, 2023, Ten-League Corporations Pte. Ltd., LJSC Holdings Limited, Undersea Capital Holdings Limited, and Jules Verne Investments Limited subscribed for 850, 49, 49 and 49 shares for cash at par resulting in Ten-League Corporations Pte. Ltd., LJSC Holdings Limited, Undersea Capital Holdings Limited, and Jules Verne Investments Limited holding approximately 85.27%, 4.90%, 4.90% and 4.90%, respectively, of the entire issued share capital of Ten-League International Holdings Limited. On February 16, 2024, 999,000 shares were allotted and raised pro rata to existing shareholders of the Company on that date at par. After the completion of the Forward Split on the basis of 40 ordinary shares for every one share of our Company, our authorized share capital has been changed to US$500,000 divided into 20,000,000,000 ordinary shares, par value of US$0.000025 each. Following the completion of the Forward Split on February 16, 2024, the Share Surrenders and prior to the offerings, our total issued shares are held as to 23,710,415 shares by Ten-League Corporations Pte. Ltd, 1,362,029 shares by Jules Verne Investments Limited, 1,362,029 shares by LJSC Holdings Limited and 1,362,029 shares by Undersea Capital Holdings Limited.

Ten-League Venture Capital Limited

On June 9, 2023, Ten-League Venture Capital Limited was incorporated in the British Virgin Islands with limited liability. Ten-League Venture Capital Limited is authorized to issue a maximum of 50,000 shares of a single class each with a par value of US$1.00 each and the initial 1 share was transferred to Ten-League International Holdings Limited on the date of incorporation for cash at par.

Ten-League Corporations Pte. Ltd.

Ten-League Corporations Pte. Ltd. and Ten-League International Holdings Limited will enter into share swap agreements prior to the offering, pursuant to which Ten-League Corporations Pte. Ltd. will transfer its entire 100% shareholding interest in Ten-League Engineering & Technology Pte. Ltd. and Ten-League Port Engineering Solutions Pte. Ltd. to the nominee of Ten-League International Holdings Limited, Ten-League Venture Capital Limited, for the consideration of Ten-League International Holdings Limited allotting and issuing 2 shares to Ten-League Corporations Pte. Ltd., credited as fully paid, and Ten-League Venture Capital Limited allotting and issuing 2 shares to Ten-League International Holdings Limited, credited as fully paid.

Upon completion of our reorganization whereby the entire share capital of Ten-League Engineering & Technology Pte. Ltd. and Ten-League Port Engineering Solutions Pte. Ltd. will be transferred, the Group will comprise Ten-League Venture Capital Limited, Ten-League Engineering & Technology Pte. Ltd. and Ten-League Port Engineering Solutions Pte. Ltd. as our direct and indirect wholly-owned subsidiaries, respectively.

The Company will complete a reorganization whereby Ten-League Engineering & Technology Pte. Ltd. and Ten-League Port Engineering Solutions Pte. Ltd. will be under the common control of Ten-League Venture Capital Limited (a wholly-owned subsidiary of the Company) which collectively will own all the equity interests of Ten-League Engineering & Technology Pte. Ltd. and Ten-League Port Engineering Solutions Pte. Ltd. The consolidated financial statements are prepared on the basis as if the reorganization became effective as of the beginning of the first period presented in the accompanying consolidated financial statements of the Company.

Description of subsidiaries incorporated and controlled by the Company

SCHEDULE OF SUBSIDIARIES INCORPORATED

Name	Background	Effective ownership

Ten-League Venture Capital Limited	Investment holding	100%

Ten-League Engineering & Technology Pte. Ltd.	Principally engaged in the sales, rental, maintenance and repair and value-added engineering solutions of heavy construction equipment	100%

Ten-League Port Engineering Solutions Pte. Ltd.	Principally engaged in the sales, rental, maintenance and repair and value-added engineering solutions of heavy port equipment	100%

The accompanying consolidated financial statements are presented assuming that the Company was in existence at the beginning of the first period presented.

On July 8, 2025, the Company completed its initial public offering. In this offering, the Company issued 1,607,840 ordinary shares at a price of US$4.00 per share. The Company received gross proceeds in the amount of US$6.4 million before deducting any underwriting discounts or expenses. The Ordinary Shares began trading on July 8, 2025 on the Nasdaq Capital Market under the ticker symbol “TLIH”.

ACCOUNTS RECEIVABLE, NET

12 Months Ended

Dec. 31, 2025

Credit Loss [Abstract]

ACCOUNTS RECEIVABLE, NET

NOTE－4 ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:

SCHEDULE OF ACCOUNTS RECEIVABLE, NET

	As of Dec 31, 2024			As of Dec 31, 2025
		S$’000			S$’000

Accounts receivable		19,310			16,311
Less: Allowance for credit loss		(3,053	)		(1,901	)

Accounts receivable, net		16,257			14,410

The Company generally conducts its business with creditworthy third parties. The Company determines, on a continuing basis, the probable losses and an allowance for credit loss, based on several factors including internal risk ratings, customer credit quality, payment history, historical bad debt/write-off experience and forecasted economic and market conditions. Accounts receivable are written off after exhaustive collection efforts occur and the receivable is deemed uncollectible. In addition, receivable balances are monitored on an ongoing basis and its exposure to bad debts is not significant.

Movement in provision for allowance for credit losses – third parties are as follows: -

	As of Dec 31, 2023			As of Dec 31, 2024			As of Dec 31, 2025
	S$’000			S$’000			S$’000

Provision for allowance for expected credit losses, beginning		4,240			3,642			3,053
Provision		41			19			1,442
Written off		(532	)		(582	)		(2,594	)
Reversal		(107	)		(26	)		-
Provision for allowance for expected credit losses, ending		3,642			3,053			1,901

As at the end of each reporting period, the aging analysis of accounts receivable, net of provision for allowance for expected credit losses, based on due date is as follows:

	S$’000		S$’000
	Year ended December 31,
	2024		2025
	S$’000		S$’000
Within 30 days		6,345		4,799
Between 31 and 60 days		3,290		1,367
Between 61 and 90 days		1,413		2,261
Between 91 and 120 days		1,089		1,307
Between 121 and 180 days		1,478		2,867
Between 181 and 360 days		863		749
Over 360 days		1,779		1,060
Total account receivables, net		16,257		14,410

Accounts receivable, net due over 120 days are mainly due from few major customers with good payment profile and extended credit term are given. At the date of this report, approximately more than 70% of the total accounts receivable, net were recovered.

SCHEDULE OF INVENTORIES (Details) $ in Thousands, $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)
Inventory Disclosure [Abstract]
Finished goods at cost		$ 16,234	$ 19,093
Less: Allowance for inventories obsolescence		(473)	(473)
Inventories, net	$ 12,257	$ 15,761	$ 18,620

BANK BORROWINGS (Details Narrative) $ in Thousands	12 Months Ended
BANK BORROWINGS (Details Narrative) $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2025 SGD ($)
Short-Term Debt [Line Items]
Short term credit facilities granted			$ 23,500,000
Bank borrowings	$ 13,184	$ 23,333,000	16,953,000
Mr Jison Lim [Member]
Short-Term Debt [Line Items]
Bank borrowings		$ 411,740	$ 749,960
Term Loans [Member]
Short-Term Debt [Line Items]
Annual interest rate	3.00%	3.00%	3.00%
Term of repayments	5 years	5 years

SCHEDULE OF LEASE LIABILITIES (Details) - SGD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Lease Liabilities
Lease liabilities, beginning	$ 14,286	$ 15,454
Additions	10,384	10,442
De-recognised	(1,724)	(3,799)
Accretion of interest	791	827
Lease payments	(9,573)	(8,638)
Lease liabilities, ending	$ 14,164	$ 14,286

Consolidated Balance Sheets (Parenthetical) - $ / shares

12 Months Ended

Feb. 16, 2024

Dec. 31, 2025

Jul. 08, 2025

Dec. 31, 2024

^[1]

Mar. 17, 2023

Statement of Financial Position [Abstract]

Ordinary stock, par value

$ 0.000025

^[1]

$ 0.000025

$ 0.001

Ordinary stock, shares authorized

20,000,000,000

^[1]

20,000,000,000

500,000,000

Common stock, shares issued

27,796,502

29,404,342

^[1]

1,607,840

27,796,502

Ordinary stock, shares outstanding

27,796,502

29,404,342

^[1]

27,796,502

Forward stock split

After the completion of the Forward Split on the basis of 40 ordinary shares for every one share of our Company,

1-for-40

[1]	- Retrospectively presented for the effect of pro rata share allotment, 1-for-40 forward split and share surrender in preparation of the Company’s initial public offering (Note 1).

SCHEDULE OF ANALYSIS OF ACCOUNTS RECEIVABLE (Details) $ in Thousands, $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)
Total account receivables, net	$ 11,206	$ 14,410	$ 16,257
Within Thirty Days [Member]
Total account receivables, net		4,799	6,345
Between Thirty One And Sixty Days [Member]
Total account receivables, net		1,367	3,290
Between Sixty One And Ninety Days [Member]
Total account receivables, net		2,261	1,413
Between Ninety One And One Hundred And Twenty Days [Member]
Total account receivables, net		1,307	1,089
Between One Hundred And Twenty One And One Hundred And Eighty Days [Member]
Total account receivables, net		2,867	1,478
Between One Hundred And Eighty One And Three Hundred And Sixty Days [Member]
Total account receivables, net		749	863
Over Three Hundred And Sixty Days [Member]
Total account receivables, net		$ 1,060	$ 1,779

BUSINESS OVERVIEW AND BASIS OF PRESENTATION (Details Narrative)

12 Months Ended

Jul. 08, 2025

SGD ($)

$ / shares

Feb. 16, 2024

$ / shares

Jun. 09, 2023

$ / shares

Dec. 31, 2025

$ / shares

Dec. 31, 2024

$ / shares

^[1]

Feb. 16, 2024

SGD ($)

Jul. 06, 2023

Mar. 17, 2023

USD ($)

$ / shares

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Share capital

$ 500,000

Common stock, shares authorized

20,000,000,000

^[1]

20,000,000,000

500,000,000

Common stock, par value | $ / shares

$ 0.000025

^[1]

$ 0.000025

$ 0.001

Shares allotted

999,000

Forward stock split

After the completion of the Forward Split on the basis of 40 ordinary shares for every one share of our Company,

1-for-40

Ordinary shares, issued shares held

1,607,840

29,404,342

^[1]

27,796,502

IPO [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Number of shares issued

1,607,840

Number of shares issued | $ / shares

$ 4.00

Gross proceeds | $

$ 6,400,000

Ten-League Port Engineering Solutions Pte. Ltd [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Shareholding interest transferred

100.00%

Ten-League Venture Capital Limited [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Common stock, shares authorized

50,000

Common stock, par value | $ / shares

$ 1.00

Number of shares issued

Ten-League Corporations Pte. Ltd. [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Shares subscribed for cash

850

Effective ownership percentage

100.00%

85.27%

Ordinary shares, issued shares held

23,710,415

LJSC Holdings Limited [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Shares subscribed for cash

Effective ownership percentage

4.90%

Ordinary shares, issued shares held

1,362,029

Undersea Capital Holdings Limited [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Shares subscribed for cash

Effective ownership percentage

4.90%

Ordinary shares, issued shares held

1,362,029

Jules Verne Investments Limited [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Shares subscribed for cash

Effective ownership percentage

4.90%

Ordinary shares, issued shares held

1,362,029

[1]	- Retrospectively presented for the effect of pro rata share allotment, 1-for-40 forward split and share surrender in preparation of the Company’s initial public offering (Note 1).

INCOME TAX EXPENSE (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

SCHEDULE OF PROVISION FOR INCOME TAXES

The provision for income taxes consisted of the following:

SCHEDULE OF PROVISION FOR INCOME TAXES

				2024		2025
	Year ended December 31,
	2023			2024		2025
	S$’000				S$’000		S$’000

Income tax expense
Current year		681			-		994
(Over)/under-provision in prior years		(360	)		300		(13	)
Deferred tax expense		725			431		596
Income tax expense		1,046			731		1,577

SCHEDULE OF EFFECTIVE INCOME TAX RATE

The reconciliation of income tax rate to the effective income tax rate based on income before income taxes for the year ended December 31, 2023, 2024 and 2025 are as follows:

				2024			2025
	Year ended December 31,
	2023			2024			2025
	S$’000				S$’000			S$’000

Income before income taxes		8,126			2,615			7,163
Statutory income tax rate		17	%		17	%		17	%
Income tax expense at statutory rate		1,381			445			1,218
(Over)/ Under provision in previous financial year		(360	)		300			(13	)
Tax effect of non-taxable income		(228	)		(133	)		-
Tax effect of non-deductible items		156			41			489
Tax effect on temporary differences		211			78			(22	)
Statutory stepped income tax exemption		(114	)		-			(95	)

Income tax expense		1,046			731			1,577

LEASE LIABILITIES

12 Months Ended

Dec. 31, 2025

Lease Liabilities

LEASE LIABILITIES

NOTE 12 – LEASE LIABILITIES

The Company has lease contracts for machinery and equipment and factory premises. The lease agreements do not impose any covenants, but lease assets may not be used as security for borrowing purposes. Lease contract for factory premises expired on December 31, 2025. The movement in the carrying amount of lease liabilities are as follows:

SCHEDULE OF LEASE LIABILITIES

	As of Dec 31, 2024			As of Dec 31, 2025
		S$’000			S$’000

Lease liabilities, beginning		15,454			14,286
Additions		10,442			10,384
De-recognised		(3,799	)		(1,724	)
Accretion of interest		827			791
Lease payments		(8,638	)		(9,573	)
Lease liabilities, ending		14,286			14,164

Lease liabilities are presented in the statement of financial position as follows:

	As of Dec 31, 2024		As of Dec 31, 2025
		S$’000		S$’000

Lease liabilities, current		7,421		6,606
Lease liabilities, non-current		6,865		7,558
Lease liabilities		14,286		14,164

SCHEDULE OF PROVISION FOR INCOME TAXES (Details) $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Income Tax Disclosure [Abstract]
Current year		$ 994		$ 681
(Over)/under-provision in prior years		(13)	300	(360)
Deferred tax expense		596	431	725
Income tax expense	$ 1,226	$ 1,577	$ 731	$ 1,046

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
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-Topic 220
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2025

SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES

		S$’000		S$’000		S$’000
		Year ended December 31,
Nature of transactions		2023		2024		2025
		S$’000		S$’000		S$’000

Ten-League Corporations Pte. Ltd.⁽¹⁾
- Management fee charged	(1)		2,471		1,358		1,327
- Purchase of plant and equipment	(1)		884		10		335
- Purchase of spare parts	(1)		708		877		2,024
- Purchase of motor vehicles	(1)		88		-		-
-Expenses paid on behalf	(1)		-		3		12
-Services rendered	(1)		-		2		-
- Lease payments in respect of:
Plant and equipment	(1)		131
Factory premises	(1)		480		1,096		1,234
Lease payments	(1)		480		1,096		1,234
-Sale of equipment	(1)		-		-		1,396
Ten-League Green Energy Pte. Ltd.⁽²⁾
- Subcontract costs	(2)		373		203		-

These related parties are controlled by the common shareholders of the Company.

(1)	- Ultimate holding company
(2)	- 100% held by Ten-League Corporations Pte Ltd

SCHEDULE OF FINANCIAL INFORMATION OF GEOGRAPHIC SEGMENTS (Details) - SGD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Revenues from External Customers and Long-Lived Assets [Line Items]

Total revenue

$ 76,178

$ 58,496

$ 72,782

SINGAPORE

Revenues from External Customers and Long-Lived Assets [Line Items]

Total revenue

73,134

54,836

69,735

Other Countries [Member]

Revenues from External Customers and Long-Lived Assets [Line Items]

Total revenue

^[1]

$ 3,044

$ 3,660

$ 3,047

[1]	Other countries include Indonesia, China and Hong Kong.

- Definition

+ References

+ Details

SCHEDULE OF DIRECT FINANCING LEASE NET INVESTMENT IN LEASE (Details) - SGD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Lease receivable	$ 1,271	$ 911
Unguaranteed residual assets	445	90
Early settlement	(156)
Net investment – direct financing leases	$ 1,560	$ 1,001

Consolidated Statements of Cash Flows (Parenthetical) - SGD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Statement of Cash Flows [Abstract]
Plant and equipment to inventories	$ 9.6	$ 7.9

Pay vs Performance Disclosure $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ 4,345	$ 5,586	$ 1,884	$ 7,080

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details