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Rex International Holding Ltd.
(SGX:5WH)
Rex International Holding Ltd. (5WH) vs. iShares MSCI Singapore ETF (EWS)
Rex International Holding Ltd. Business Overview & Revenue Model
Rex International Holding Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 298.88M | 222.39M | 170.26M | 158.47M |
| Gross Profit | 0.00 | 99.13M | 64.48M | 64.04M | 81.33M |
| EBITDA | -1.57K | 121.61M | 64.64M | 38.59M | 110.91M |
| Net Income | -1.70K | -41.05M | -63.91M | -1.00M | 67.16M |
Balance Sheet | |||||
| Total Assets | 634.42M | 572.28M | 613.22M | 668.56M | 543.16M |
| Cash, Cash Equivalents and Short-Term Investments | 107.66M | 130.17M | 114.04M | 138.80M | 86.91M |
| Total Debt | 172.22M | 143.88M | 106.21M | 92.99M | 56.19M |
| Total Liabilities | 604.85M | 508.31M | 498.46M | 480.07M | 343.90M |
| Stockholders Equity | 34.23M | 62.40M | 105.51M | 176.55M | 186.36M |
Cash Flow | |||||
| Free Cash Flow | -933.00 | -28.65M | -15.69M | 32.47M | 15.49M |
| Operating Cash Flow | -933.00 | 84.50M | 52.01M | 169.06M | 89.40M |
| Investing Cash Flow | 0.00 | -85.00M | -63.04M | -137.26M | -74.00M |
| Financing Cash Flow | 165.00 | 26.62M | -10.16M | 21.92M | 13.14M |
Rex International Holding Ltd. Technical Analysis
Rex International Holding Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | S$659.77M | 16.20 | 6.70% | 1.21% | 22.78% | -51.86% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | S$127.68M | 5.54 | 6.49% | ― | -15.43% | -74.79% | |
53 Neutral | S$236.34M | ― | -2.83% | ― | 17.29% | -132.85% | |
47 Neutral | S$217.49M | -2.90 | -85.62% | ― | 11.94% | 26.44% |
Rex International Holding Ltd. Corporate Events
Rex International Holding Ltd. reported a total production of 10,999 barrels of oil equivalent per day (boepd) for September 2025 across its operations in Norway, Oman, and Germany. Lime Petroleum AS, a subsidiary of Rex, announced that the Brage and Yme Fields in Norway contributed significantly to this output with 10,501 boepd. The company experienced both scheduled and unscheduled shut-ins, which are typical in operations, and continues its drilling activities at the Brage and Bestla sites. This update reflects the company’s ongoing efforts to maintain and enhance production levels, which is crucial for its market positioning and stakeholder interests.
Lime Petroleum Holding AS, a subsidiary of Rex International Holding Ltd., has successfully raised NOK 1.1 billion through a Nordic bond issue to refinance its existing bond and fund new onshore field development in Germany. This move strengthens the company’s financial position and supports its growth ambitions, reflecting investor confidence in its strategic direction.
Lime Petroleum Holding AS, a subsidiary of Rex International Holding, has appointed ABG Sundal Collier ASA as its exclusive manager to arrange fixed income investor meetings. The company is considering issuing a new NOK denominated senior secured bond with a three-year tenor, subject to market conditions, to fund asset development in Germany and for general corporate purposes.
Rex International Holding Ltd. reported a total production of 12,230 barrels of oil equivalent per day (boepd) in August 2025 from its operations in Norway, Oman, and Germany. Lime Petroleum AS, a subsidiary of Rex, contributed significantly with 10,629 boepd from the Brage and Yme Fields in Norway. Despite scheduled and unscheduled shut-ins, operations continue with ongoing drilling activities at Brage and Bestla, indicating a stable production outlook.
Rex International Holding Ltd. announced new commercial oil discoveries in the Brage Field, Norway, through its subsidiary Lime Petroleum AS, which holds a significant interest in the field. The discoveries in the Cook and Statfjord formations are estimated to hold between 16 to 33 million barrels of oil equivalent, which is expected to extend the operational life of the Brage Field. This development highlights Rex’s strategic collaboration with OKEA ASA and the utilization of advanced drilling technologies, potentially enhancing the company’s market position and offering promising returns for stakeholders.
Rex International Holding Ltd.’s subsidiary, Lime Resources Germany GmbH, has received approval for its Main Operating Plan for the Steig Field in Baden Württemberg. This approval allows the company to proceed with development planning, including drilling and site construction, with an estimated 1.6 million barrels of oil equivalent in recoverable resources and significant prospective resources identified. The development is subject to further permits, with negotiations underway for a production site, indicating a strategic step forward in the company’s operational expansion.
Rex International Holding’s subsidiary, Lime Petroleum Holding AS, has made significant progress in its operations across Benin, Norway, and Germany. In Benin, the company has commenced a 100-day drilling program with the first well spudded, and the Mobile Offshore Production Unit is on track for production start in Q4 2025. In Norway, production at the Brage Field has exceeded expectations, with output 43% above budget forecasts, and is expected to remain strong throughout the year. These developments indicate a positive impact on the company’s operations and industry positioning, potentially benefiting stakeholders.
Rex International Holding Ltd. announced that its total oil production for July 2025 from its operations in Norway, Oman, and Germany reached 13,710 barrels of oil equivalent per day (boepd). Lime Petroleum AS, a subsidiary of Rex, reported that the Brage and Yme Fields in Norway contributed significantly to this output, with a combined production of 11,941 boepd. The Brage Field saw the start of a new well and the spudding of an exploration well, while the Yme Field continued to utilize produced gas for operations. Despite some scheduled and unscheduled shut-ins, production activities were within normal operational parameters.
Rex International Holding Ltd. announced the spudding of the first of two production wells at the Bestla development in Norway, where its subsidiary Lime Petroleum AS holds a 17% interest. The Bestla Field, with estimated recoverable reserves of 24 million barrels of oil equivalent, is being developed as a subsea tie-back to the Brage Field, with first oil expected in early 2027. The development is noted for its cost-effectiveness, with a breakeven price of around US$40 per barrel, which is crucial amid current geopolitical tensions affecting oil prices.
Rex International Holding Ltd.’s subsidiary, Akrake Petroleum, has commenced drilling the first well in the Sèmè Field, Benin, marking the start of a 100-day work program aimed at redeveloping the field. This initiative is expected to revive oil production in the region after nearly three decades, with anticipated production rates of 15,000 barrels per day by the end of 2025, potentially enhancing Rex’s operational footprint and market position.