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CL Workshop Group Ltd
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Direct purchase ODM [member] brought in 50% of the revenue CL Workshop Group Ltd broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Direct purchase ODM [member] | $17.7M | $16.3M | $14.6M |
| Reportable segments [member] | $17.7M | $16.3M | $14.6M |
Regions
China brought in 45% of the revenue CL Workshop Group Ltd broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| China | $10.3M | $7.7M | $6.5M |
| Asia | $395.5K | $4.1M | $5.5M |
| Europe | $6.0M | $4.1M | $2.0M |
| North America | $43.0K | $514.8K | $317.1K |
| Africa | $27.1K | $248.5K | |
| South America | $895.9K | $16.1K |
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Other costs100¢$21.5M
Out of $21.5M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2024
- Capital spending33¢$754.8K
- Kept or used elsewhere67¢$1.6M
Out of $2.3M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $14.6M | $16.3M | $17.7M |
| Cost of revenue | -$13.2M | -$10.9M | -$10.5M |
| Gross profit | $1.4M | $5.4M | $7.2M |
| Net foreign exchange (losses) gains | -$28.9K | -$252.7K | $10.3K |
| Other income (losses), net | $67.8K | -$9.9K | $19.6K |
| Impairment loss (recognized on) reversal of financial asset and prepayment | -$3.0M | $182.7K | -$179.8K |
| Selling and distribution expenses | -$884.6K | -$3.3M | -$3.7M |
| Administrative expenses | -$3.4M | -$2.4M | -$2.7M |
| Finance income | $3.3K | $13.4K | $23.2K |
| Finance costs | -$503.3K | -$705.4K | -$1.4M |
| Loss before income tax | -$6.4M | -$1.0M | -$753.1K |
| Income tax (expenses) credits | -$52.0K | $73.5K | $48.8K |
| Loss from continuing operations | -$6.4M | -$937.8K | -$704.3K |
| Net loss from discontinued operations | -$5.9M | -$7.8M | -$11.2M |
| Net gain on sale of discontinued operations, net of applicable income tax | $6.4M | ||
| Net profit (loss) from discontinued operations | $560.5K | -$7.8M | -$11.2M |
| Net loss for the year | -$5.9M | -$8.7M | -$11.9M |
| Exchange difference arising from translation of foreign operations | $569.5K | -$223.8K | $433.2K |
| Release of exchange reserve upon disposal of a subsidiary group | -$50.5K | -$121.3K | $2.1K |
| Other comprehensive income (loss) | $519.0K | -$345.1K | $435.3K |
| Total comprehensive loss for the year | -$5.3M | -$9.1M | -$11.5M |
| LOSS PER SHARE BASIC | -$0.04 | -$0.07 | -$0.11 |
| LOSS PER SHARE DILUTED | -$0.04 | -$0.07 | -$0.11 |
| LOSS PER SHARE FROM CONTINUING OPERATION BASIC | -$0.05 | -$0.01 | -$0.01 |
| LOSS PER SHARE FROM CONTINUING OPERATION DILUTED | -$0.05 | -$0.01 | -$0.01 |
| Weighted average number of ordinary shares used in computing basic loss per share ADS | 132.4M shares | 132.4M shares | 111.9M shares |
| Weighted average number of ordinary shares used in computing diluted loss per share ADS | 132.4M shares | 132.4M shares | 111.9M shares |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Property, plant and equipment, net | $449.6K | $3.4M | |
| Right-of-use assets, net | $85.1K | $549.7K | $189.0K |
| Intangible assets, net | $15.9M | ||
| Total non-current assets | $534.7K | $19.9M | |
| Inventories | $2.5M | $6.4M | |
| Prepayments | $5.2M | $6.3M | |
| Trade and other receivables, net | $4.3M | $4.2M | |
| Prepaid income tax | $75.0K | $492.6K | |
| Restricted bank deposits | $253.2K | $592.7K | |
| Cash and bank balances | $966.8K | $3.0M | $4.0M |
| Asset classified as held for sale | $640.0K | ||
| Total current assets | $13.8M | $20.9M | |
| Total assets | $14.4M | $40.8M | |
| Trade and other payables | $4.0M | $3.4M | |
| Contract liabilities | $258.1K | $2.8M | |
| Bank borrowings | $5.6M | $10.3M | |
| Other borrowings | $356.4K | $1.1M | |
| Amounts due to an ultimate beneficial shareholder | $310.7K | $1.1M | |
| Lease liabilities | $40.1K | $121.3K | |
| Income tax payable | $10.4K | ||
| Total current liabilities | $10.6M | $18.9M | |
| Net current assets | $3.3M | $2.0M | |
| Bank borrowings | $39.1K | ||
| Amounts due to an ultimate beneficial shareholder | $12.3M | ||
| Lease liabilities | $53.7K | $462.1K | |
| Total non-current liabilities | $53.7K | $12.8M | |
| Total liabilities | $10.6M | $31.7M | |
| Share capital | $132.4K | $132.4K | |
| Capital reserves | $30.1M | $30.1M | |
| Accumulated comprehensive losses | -$26.4M | -$21.1M | |
| Total equity | $3.8M | $9.1M | |
| Total liabilities and equity | $14.4M | $40.8M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Loss before income tax | -$6.4M | -$1.0M | -$753.1K |
| Provision (reversal of) for allowance for expected credit losses on financial assets | $985.6K | -$182.7K | $179.8K |
| Impairment on prepayment | $2.0M | ||
| Write-down of non-current asset held for sale | $394.8K | ||
| Write-down of inventories | $241.5K | $112.7K | |
| Depreciation of property, plant and equipment | $130.6K | $38.5K | $59.3K |
| Depreciation of right-of-use asset | $41.3K | $39.7K | $68.0K |
| Gain on lease modification | -$703 | ||
| (Gain) loss on disposal of property, plant and equipment | -$62.7K | -$93 | $18.9K |
| Interest expenses | $427.7K | $604.0K | $1.3M |
| Interest income | -$3.3K | -$13.4K | -$23.2K |
| Operating cash flows before movements in working capital | -$2.2M | -$412.5K | $812.1K |
| Decrease (increase) in inventories | $638.5K | $1.0M | -$476.2K |
| (Increase) decrease in prepayments, trade and other receivables | -$5.5M | $2.3M | $512.8K |
| Increase (decrease) in trade and other payables | $2.2M | -$875.9K | -$320.4K |
| Increase (decrease) in contract liabilities | $90.6K | $2.1M | -$134.3K |
| Cash (used in) generated from operations | -$4.8M | $4.1M | $394.1K |
| Income tax (paid) refunded | -$24.7K | $48.6K | -$181.1K |
| Net cash (used in) generated from continuing operation | -$4.8M | $4.2M | $213.0K |
| Net cash generated from (used in) discontinued operation | $3.9M | -$1.8M | -$452.2K |
| Net cash (used in) generated from operating activities | -$906.9K | $2.3M | -$239.2K |
| Interest received | $3.3K | $13.4K | $23.2K |
| Purchases of property, plant, and equipment | -$52.5K | -$1.4K | -$1.6K |
| Proceeds from disposal of property, plant and equipment | $8.9K | $93 | |
| Decrease (increase) in restricted bank deposits | $339.5K | $35.5K | -$24.8K |
| Net cash generated from (used in) continuing operation | $299.0K | $47.6K | -$3.2K |
| Net cash used in discontinued operation | -$241.0K | -$752.4K | -$1.2M |
| Net cash generated from (used in) investing activities | $58.0K | -$704.8K | -$1.2M |
| Advances from an ultimate beneficial shareholder | $845.8K | $1.4M | $2.6M |
| Repayments to an ultimate beneficial shareholder | -$1.1M | -$942.9K | -$6.3M |
| Proceeds from bank borrowings | $17.7M | $26.0M | $19.4M |
| Repayments of bank borrowings | -$21.4M | -$27.1M | -$20.9M |
| Proceeds from other borrowings | $3.3M | $963.5K | $663.2K |
| Repayments of other borrowings | -$287.3K | -$498.2K | |
| Repayments of lease liabilities | -$42.2K | -$38.5K | -$74.2K |
| Proceeds from issue of shares, net of expenses | $5.1M | ||
| Interest paid | -$427.7K | -$604.0K | -$1.3M |
| Net cash used in continuing operation | -$1.3M | -$860.0K | -$808.2K |
| Net cash (used in) generated from discontinued operation | -$927.1K | -$1.2M | $521.4K |
| Net cash used in financing activities | -$2.2M | -$2.0M | -$286.8K |
| Net decrease in cash and cash equivalents | -$3.1M | -$430.5K | -$1.7M |
| Effect of foreign exchange rate changes | $1.1M | -$585.6K | $576.2K |
Former names
- Nature Wood Group LtdNov 18, 2022 to Dec 16, 20253
Recent filings
- Oct 13, 20266-K
- Oct 6, 20266-K
- Oct 2, 20266-K
- Oct 2, 2026424B5
- Sep 28, 2026S-8
- Aug 28, 20266-K
- Aug 26, 20266-K
- Aug 25, 2026424B3
- Aug 24, 2026EFFECT
- Aug 20, 2026F-1/A
- Aug 11, 2026F-1
- Aug 7, 20266-K
- Jul 29, 2026EFFECT
- Jul 17, 2026F-3
- Jul 14, 20266-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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