| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 87.17M | 140.02M | 97.31M | 130.91M | 71.03M |
| Gross Profit | 0.00 | 3.53M | 12.75M | 8.30M | 18.57M | 7.47M |
| EBITDA | -1.35M | -5.02M | 6.26M | 3.65M | 15.62M | 5.08M |
| Net Income | -1.12M | -4.83M | -733.31K | 2.43M | 12.46M | 3.70M |
Balance Sheet | ||||||
| Total Assets | 11.57M | 24.65M | 35.29M | 88.64M | 322.12K | 29.84M |
| Cash, Cash Equivalents and Short-Term Investments | 6.55K | 8.16M | 10.77M | 44.22K | 45.37K | 3.43M |
| Total Debt | 1.15M | 131.32K | 64.92K | 310.48K | 272.50K | 3.37M |
| Total Liabilities | 5.76M | 13.86M | 22.37M | 3.19M | 320.39K | 19.94M |
| Stockholders Equity | 5.80M | 10.67M | 12.80M | 85.45M | 7.71M | 9.87M |
Cash Flow | ||||||
| Free Cash Flow | -784.91K | -1.84M | -871.15K | -795.05K | -309.98K | 3.17M |
| Operating Cash Flow | -784.91K | -1.84M | -869.60K | -778.78K | -6.63K | 3.54M |
| Investing Cash Flow | -314.97K | 718.83K | 77.91M | -2.95M | -5.28M | -547.91K |
| Financing Cash Flow | 585.96K | -1.50M | -76.97M | -1.18M | -3.65M | 493.89K |
On September 5, 2025, PS International Group Ltd.’s board of directors approved a reverse stock split at an 8-for-1 ratio, effective October 6, 2025, with trading on a split-adjusted basis starting October 13, 2025. This move aims to help the company comply with Nasdaq’s minimum bid price requirement and maintain its listing on the Nasdaq Capital Market. The share consolidation will not alter shareholders’ percentage ownership, except for minor adjustments due to fractional shares, and the company’s ordinary shares will continue trading under the symbol ‘PSIG’ with a new CUSIP number.
On September 15, 2025, PS International Group Ltd. engaged Joseph Stone Capital, LLC as its exclusive placement agent for a proposed private placement of ordinary shares, indicating a strategic move to enhance its capital structure. Additionally, the company announced leadership changes with the resignation of CFO Chun Kit Tsui effective September 22, 2025, and the appointment of Man Kiu Chan as the new CFO and Chunlin Tong as COO, effective September 15, 2025. These appointments bring extensive experience in financial management and corporate governance to the company, potentially strengthening its operational capabilities.
On August 26, 2025, certain shareholders of PS International Group Ltd. entered into a definitive share purchase agreement to transfer 16,712,000 ordinary shares to Great Rank Limited, a company incorporated in the British Virgin Islands. The company was not a party to this transaction and did not receive any proceeds. The board of directors does not anticipate any material adverse impact on the company’s business operations or financial position as a result of this share transfer.
PS International Group Ltd. recently held a board meeting on July 24, 2025, following the reconstitution of its board with the appointment of three new independent directors. During this meeting, the board approved the adoption of updated corporate governance policies and committee charters, including the Audit Committee Charter, Compensation Committee Charter, Nominating and Corporate Governance Committee Charter, Insider Trading Policy, and Code of Business Conduct and Ethics. These changes aim to enhance the company’s corporate governance framework, aligning it with best practices and potentially strengthening its market position.