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Tuas Limited owns and operates a mobile network in Singapore. It also offers mobile telecommunications services, including data, voice, SMS, roaming, and other services; and broadband equipment and on-site activation and installation of services to facilitate broadband connectivity. Tuas Limited was incorporated in 2020 and is based in Macquarie Park, Australia.
Source: TradingView
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Tuas Ltd (ASX: TUA) is an Australian-listed company for which public operational disclosure appears limited, so its core business, assets and revenue sources are not clearly evident from available filings. Long-term growth drivers therefore depend on management's stated strategy and execution; investors may benefit if the company discloses a credible plan and demonstrates progress in identifiable markets.
Principal risks include limited transparency and low liquidity, significant execution and financing risk typical of small or early-stage listings, and potential sector or regulatory exposure that investors should monitor.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 11.70M | -2.17M | -13.78M | -28.21M | -38.72M |
| Net income | 6.90M | -4.37M | -15.30M | -26.73M | -32.57M |
| Selling general administrative | 13.38M | 12.45M | 9.78M | 9.12M | 16.75M |
| Selling and marketing expenses | 9.81M | 9.04M | 7.47M | 5.32M | - |
| Gross profit | 102.95M | 81.31M | 47.09M | 35.15M | 15.78M |
| Reconciled depreciation | 57.69M | 53.24M | 45.00M | 42.05M | - |
| Ebit | 11.92M | -3.50M | -13.89M | -26.52M | -26.02M |
| Ebitda | 69.62M | 49.74M | 30.45M | 15.54M | - |
| Depreciation and amortization | 57.69M | 53.24M | 44.34M | 42.05M | - |
| Operating income | 10.73M | -3.50M | -13.89M | -26.52M | -40.24M |
| Other operating expenses | 140.56M | 120.56M | 99.98M | 83.98M | 3.16M |
| Interest expense | 0.22M | 0.10M | 0.21M | 1.69M | 0.00M |
| Tax provision | 4.80M | 2.20M | 1.52M | -1.47M | -6.15M |
| Interest income | 1.47M | 1.57M | 0.81M | 1.66M | 1.52M |
| Net interest income | 1.25M | 1.47M | 0.61M | -1.64M | - |
| Income tax expense | 4.80M | 2.20M | 1.52M | -1.47M | -3.64M |
| Total revenue | 151.29M | 117.06M | 86.10M | 57.43M | 34.31M |
| Total operating expenses | 92.22M | 84.81M | 60.98M | 61.70M | - |
| Cost of revenue | 48.34M | 35.75M | 39.00M | 22.28M | 18.53M |
| Total other income expense net | 0.97M | 1.33M | 0.10M | -0.02M | - |
| Net income from continuing ops | 6.90M | -4.37M | -15.30M | -26.73M | - |
| Net income applicable to common shares | 6.90M | -4.37M | -15.30M | -26.73M | -20.87M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 498.37M | 476.59M | 468.21M | 476.12M | 493.98M |
| Intangible assets | 108.55M | 121.77M | 133.50M | 142.40M | 121.51M |
| Other current assets | 4.65M | 3.06M | - | 1.58M | 4.78M |
| Total liab | 52.45M | 39.05M | 27.98M | 22.33M | 15.23M |
| Total stockholder equity | 445.93M | 437.54M | 440.23M | 453.79M | 478.75M |
| Other current liab | 26.95M | 29.90M | 3.83M | 1.14M | 7.52M |
| Common stock | 528.79M | 527.24M | 525.91M | 525.00M | 525.00M |
| Capital stock | 528.79M | - | 525.91M | 525.00M | - |
| Retained earnings | -72.08M | -78.97M | -74.60M | -59.30M | -32.57M |
| Other liab | - | - | 0.49M | 0.49M | 0.44M |
| Other assets | - | - | 11.10M | 12.08M | 10.66M |
| Cash | 39.75M | 20.20M | 9.09M | 16.61M | 61.03M |
| Cash and equivalents | - | - | - | 16.61M | 61.03M |
| Total current liabilities | 51.44M | 37.65M | 26.04M | 19.86M | 12.43M |
| Current deferred revenue | 20.01M | - | - | 3.99M | - |
| Net debt | -38.71M | -18.71M | - | -14.09M | - |
| Short term debt | 0.58M | 0.59M | - | 0.54M | 0.00M |
| Short long term debt total | 1.04M | 1.49M | - | 2.52M | 2.35M |
| Other stockholder equity | - | - | -11.09M | 0.00M | -13.68M |
| Property plant equipment | - | - | 274.97M | 264.74M | 258.02M |
| Total current assets | 91.46M | 63.69M | 48.64M | 56.90M | 103.78M |
| Net tangible assets | - | - | 306.72M | 311.38M | 357.24M |
| Short term investments | 40.94M | 35.13M | 34.91M | 32.94M | 33.55M |
| Net receivables | 5.22M | 4.63M | 2.59M | 5.61M | 2.21M |
| Inventory | 0.91M | 0.67M | 0.29M | 0.15M | 0.28M |
| Accounts payable | 3.90M | 7.17M | 21.03M | 14.76M | 3.62M |
| Accumulated other comprehensive income | -10.79M | -10.72M | - | -11.91M | - |
| Non currrent assets other | 2.33M | 9.04M | 1.18M | 0.93M | - |
| Non current assets total | 406.91M | 412.90M | 419.57M | 419.22M | - |
| Capital lease obligations | 1.04M | - | 2.00M | 2.52M | - |
| Long term debt total | - | - | - | 1.99M | 2.35M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -5.81M | -48.21M | -1.97M | -66.46M | -33.55M |
| Change to liabilities | - | - | 0.00M | 0.00M | 0.00M |
| Total cashflows from investing activities | -60.81M | -48.21M | -46.56M | -66.46M | 1.08M |
| Net borrowings | - | - | -0.55M | -0.51M | -69.87M |
| Total cash from financing activities | -0.61M | -0.59M | -0.58M | -0.54M | 18.28M |
| Net income | 6.90M | -4.37M | -15.30M | -26.73M | -20.87M |
| Change in cash | 19.55M | 11.11M | -7.53M | -44.42M | 17.94M |
| Begin period cash flow | 20.20M | 9.09M | 16.61M | 61.03M | - |
| End period cash flow | 39.75M | 20.20M | 9.09M | 16.61M | 61.03M |
| Total cash from operating activities | 81.20M | 59.99M | 39.97M | 22.57M | -3.90M |
| Depreciation | - | 53.24M | 45.00M | 42.05M | 28.50M |
| Other cashflows from investing activities | -0.88M | -2.18M | -3.16M | 0.61M | 22.48M |
| Change to inventory | -0.24M | -0.38M | -0.14M | - | - |
| Change to account receivables | -1.15M | -1.59M | 2.57M | - | - |
| Sale purchase of stock | - | - | - | - | 88.45M |
| Other cashflows from financing activities | -0.02M | -0.02M | -0.03M | -0.54M | -0.29M |
| Change to netincome | - | - | 10.27M | 7.25M | -11.52M |
| Capital expenditures | 55.00M | 45.81M | 44.58M | 67.07M | 21.51M |
| Change in working capital | -2.68M | -3.11M | 2.42M | 0.04M | 0.25M |
| Stock based compensation | - | - | 1.74M | - | - |
| Other non cash items | 83.88M | 14.23M | 10.27M | - | - |
| Free cash flow | 26.20M | 14.18M | -4.61M | -67.07M | - |
Sector: Communication Services Industry: Telecom Services
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TUA Tuas Ltd |
0.03 1.74% |
1.46 | 29.20 | - | 4.27 | 0.83 | 1.02 | 2.01 |
| TLS Telstra Group Ltd |
0.07 1.39% |
5.10 | 25.15 | 23.75 | 2.43 | 4.45 | 3.27 | 8.40 |
| TPG TPG Telecom Ltd |
0.09 2.24% |
4.10 | 136.67 | 90.91 | 1.60 | 0.92 | 2.39 | 7.99 |
| SPK Spark New Zealand Ltd |
0.01 0.30% |
1.69 | 7.64 | 14.95 | 0.81 | 2.35 | 1.54 | 4.55 |
| CNU Chorus Ltd |
- -% |
6.67 | 95.29 | 50.25 | 2.81 | 3.47 | 6.63 | 9.39 |
Tuas Limited owns and operates a mobile network in Singapore. It also offers mobile telecommunications services, including data, voice, SMS, roaming, and other services; and broadband equipment and on-site activation and installation of services to facilitate broadband connectivity. Tuas Limited was incorporated in 2020 and is based in Macquarie Park, Australia.
| Name | Title | Year Born |
|---|---|---|
| Mr. David Teoh | Exec. Chairman | 1955 |
| Mr. Harry Wong | Head of Fin. | NA |
| Chong Teck Ng | Head of Network Operations | NA |
| Benjamin Tan | Chief Technology Officer, TPG Singapore | NA |
| Richard Tan | Chief Exec. Officer, TPG Singapore | NA |
| Mr. Antony John Moffatt | Company Sec. | NA |
| Mr. David Teoh | Executive Chairman | 1955 |
| Mr. Harry Wong | Head of Finance | NA |
| Mr. Richard Tan | Chief Executive Officer, TPG Singapore | NA |
| Mr. Antony John Moffatt | Company Secretary | NA |
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