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PS International Group Ltd

psi-groups.com

What Do They Do?

Provides air and ocean freight forwarding and related logistics services to other freight forwarders and direct shippers.

How Do They Make Money?

It buys air and ocean transport from carriers or other freight forwarders and resells it to customers for a fixed charge, paid after the shipment service is completed.

FY2025 revenue by reportable segment (Breakdown of revenues) revenue
SegmentShareRevenue
Freight forwarding services
Sold outright

100%
FY2022: 100%
Import shipments
Sold outright

100%
FY2022: 100%

Who Are Their Customers?

Peer freight forwarders are the main customers, alongside direct shippers such as e-commerce shop owners, manufacturers and buyers arranging their own shipments; direct customers book consignments with the company.

Customers above 10% of revenue, FY2025
of revenue from one customer
FY2023: 75% from one customer

Do Revenues Turn Into Profits?

No. It lost $15.2M in FY2025.

Operating income, FY2025
−3% of revenue
▼ −71% (Loss) vs FY2024 (−$5.3M, −6%)
Net income, FY2025
−29% of revenue
▲ +215% (Loss) vs FY2024 (−$4.8M, −6%)
Free cash flow, FY2025
−10% of revenue

How Are They Changing?

Revenue over time
Freight forwarding services Import shipments
$200M$100M$0

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