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MARKETS / BALCAO / DTCKF
BALCAO · WHOLESALE-FARM PRODUCT RAW MATERIALS · SMALL CAP

Davis Commodities Ltd. DTCKF

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$184.2M
▲ 39.2% YoY
$-5.0M
$-1.0M
In brief

What this company does

The company trades three main categories of agricultural commodities -- sugar, rice, and oil and fat products -- from its base in Singapore, distributing them to markets including Asia, Africa and the Middle East, and to customers in over 20 countries as of the fiscal year ended December 31, 2025. As of December 31, 2025, it had 23 employees, all based in Singapore. One customer accounted for more than 10% of its total revenue for the fiscal year ended December 31, 2025. Its oil and fat products include palm-based cooking oil, coconut oil, shortening and margarine, sourced from Malaysia and Indonesia and marketed under its own brands, including Maxwill Gold, to customers in Africa. Its operations commenced on September 11, 1999 through its wholly owned subsidiary, Maxwill (Asia), in Singapore.

Written from the business description in DAVIS COMMODITIES Ltd's annual report to the U.S. Securities and Exchange Commission, filed 15 May 2026. Every sentence was checked against that document before publication.

Growth
USD 184.2M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 184.2 · Net income -5.0
80M160M20212022202320242025
Compound annual growth
−3.8%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−3 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -2.8% · Net -2.7%
1%2%-1%-2%20212022202320242025
ROE
FY2025 · ROE -108.5%
100%200%-50%-100%20212022202320242025
Gross margin1.6%
Operating margin-2.8%
Net margin-2.7%
Return on assets-24.5%
EBITDAUSD -5.1M

Each USD of equity lost 108 cents this year.

Cash & shareholders
—
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -1.0
2.0M-0.8M-1.6M20212022202320242025
Net buybacks $M Dividends $M
FY2024 · Dividends 0.0 · Net buybacks —
2M2021202220232024
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsUSD 21.4M
EquityUSD 2.6M
CashUSD 1.4M
Current ratio1.18×

Equity funds 12% of total assets.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021
Revenue $B0.20.10.20.20.2
Operating income $B−0.0−0.00.00.00.0
EBITDA $B−0.0−0.00.00.00.0
Income tax $B0.00.00.00.00.0
Net income $B−0.0−0.00.00.00.0
Free cash flow $B−0.0−0.00.0−0.00.0
EPS, diluted $·−0.140.040.200.04
Dividend / sh $·····
Payout %·−00650
ROE %−108.5−41.613.3114.2226.8
Shares out B·0.020.020.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 1 failures in 22 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 73 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
ActivityWholesale-Farm Product Raw Materials
Listed onOTC market
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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