WF Holding Ltd
What Do They Do?
Manufactures and sells fiberglass-reinforced plastic tanks, pipes and industrial equipment to chemical processing, water and wastewater treatment, and power generation customers.
20-F for FY2025, filed Apr 30, 2026We are a manufacturer of fiberglass reinforced plastic, or FRP, products based in Malaysia. For over 30 years, we have been providing…View ↗
Our products range from tanks, pipes, ducts, gratings and other custom-made FRP products. We use advanced production technology and…View ↗
We sell a broad range of FRP products, including filament wound and molded tanks, thermoplastic tanks, lining products, ducting and fitting…View ↗
Both FRP filament wound and molded tanks are commonly used in the chemical processing, water and wastewater treatment, and oil and gas…View ↗
How Do They Make Money?
-
20-F for FY2025, filed Apr 30, 2026
FY2025 revenue by product or service ↗
$7.4M
-
20-F for FY2025, filed Apr 30, 2026
$7.4M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Product sales
|
84%
FY2022: 84%
|
Product sales, FY2025
$6.2M Sources
|
|
Installation and maintenance service
|
3.8%
FY2022: 11%
|
Installation and maintenance service, FY2025
$284.1K Sources
|
|
Warranty income
|
1.3%
FY2022: 1.9%
|
Warranty income, FY2025
$96.9K Sources
|
|
Technical service
|
2.4%
FY2022: 0.8%
|
Technical service, FY2025
$179.2K Sources
|
|
Transport income
|
6.2%
FY2022: 2.5%
|
Transport income, FY2025
$459K Sources
|
|
Food and beverages
|
1.9% |
Food and beverages, FY2025
$141.5K Sources
|
|
Total
|
100% |
Total, FY2025
$7.4M Sources
|
Who Are Their Customers?
Customers generally buy through individual purchase orders or on a per-project basis rather than under long-term contracts.
20-F for FY2025, filed Apr 30, 2026We do not have long-term contracts with our customers and primarily sell our products on the basis of individual purchase orders or on a…View ↗
20-F for FY2025, filed Apr 30, 2026
We do not have long-term contracts with our customers and primarily sell our products on the basis of individual purchase orders or on a…View ↗
Do Revenues Turn Into Profits?
No. It lost $4.8M in FY2025.
20-F for FY2025, filed Apr 30, 2026
−$1.5MView ↗
20-F for FY2025, filed Apr 30, 2026
−$4.8MView ↗
20-F for FY2025, filed Apr 30, 2026
−$2.7MView ↗
How Are They Changing?
Growing. Revenue grew 49% in 3 years, from $5M in FY2022 to $7.4M in FY2025, about 14% a year.
Who Do They Compete With?
Competes with Cradotex (M), Heng Lee Composite Engineering, Berjaya Bintang Timur, FRP Trading, and WT TankPro
20-F for FY2025, filed Apr 30, 2026Manufacturers of FRP products tend to offer more than one type of FRP product. For example, a manufacturer that offers FRP tanks (including…View ↗
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