PSIGNasdaqArrangement of Transportation of Freight & CargoUS GAAP · USD

PS International Group Ltd.

PS International Group Ltd. is a Cayman Islands holding company with operating subsidiaries in Hong Kong that provides freight forwarding and supply chain services. Its business connects Asian transportation hubs with the United States and other global markets through air freight, ocean freight, and related logistics services.

Revenue53.2m USD
−39.0 %y/y
Operating profit (EBIT)-1.5m USD
+71.0 %y/y
EBIT margin-2.9%
+3.2 ppy/y
Net income-15.2m USD
−215.2 %y/y
Free cash flow-5.6m USD

Fiscal year 2025 · change from previous year

Development 2022–2025

-50050100150m USD2022: 97 m USD2022: EBIT 2.9 m USD20222023: 140 m USD2023: EBIT 6.0 m USD20232024: 87 m USD2024: EBIT -5.3 m USD20242025: 53 m USD2025: EBIT -1.5 m USD202553-1.5
RevenueOperating profit (EBIT)

Business

Share of revenue
Air Freight Forwarding40 %

Coordinates international air cargo shipments between origin and destination markets.

Ocean Freight Forwarding35 %

Arranges seaborne cargo movement for larger or less time-sensitive shipments.

Supply Chain Services15 %

Provides logistics planning, shipment management, and related operational support.

Ancillary Logistics Services10 %

Includes customs-related, handling, and other value-added freight services.

Customers

The company serves businesses that need to move freight across Asia, the United States, and other international lanes. Its customers typically use PS International Group to arrange time-sensitive air cargo, higher-volume ocean shipments, and the service layers needed to keep cross-border supply chains moving.

Importers and exporters

Buy freight forwarding to move goods between Asia, the U.S., and other markets efficiently.

Manufacturing supply chains

Use the company for inbound components and outbound finished-goods logistics.

Trading and distribution companies

Rely on recurring air and ocean freight bookings for cross-border inventory flows.

E-commerce shippers

Use logistics support for faster international fulfillment and shipment visibility.

Strategy

The company’s strategic position depends on maintaining freight relationships across air and ocean lanes while offering end-to-end service layers that make it useful beyond pure transport brokerage. Its operating model is built around connecting Asian shipping hubs to the U.S. and other markets, which makes network breadth and service reliability central to customer retention.

Strengthen freight forwarding network and lane coverageMedium term

Broader routing options support customer retention and shipment flexibility across trade lanes.

Grow ancillary supply chain servicesMedium term

Value-added services can deepen customer relationships beyond one-off shipment handling.

Protect capital market accessShort term

Public listing status affects liquidity, investor access, and corporate flexibility.

Geography

2025

PS International Group is organized through Hong Kong-based operating subsidiaries, with principal executive offices in Hong Kong and a Cayman Islands parent company. Its disclosed business focus connects Asian transportation hubs with the United States and more than 140 global markets, so the company is exposed to trade flows, routing patterns, and customs/logistics conditions across multiple regions.

United States85 %
United Kingdom8.4 %
Netherlands6.4 %

Share of the revenue the company reports by geography.

Risks

The business is exposed to freight-rate volatility, global trade disruption, and customer concentration risk inherent in logistics intermediation. It also faces company-specific listing-compliance risk, since Nasdaq minimum market value standards and market capitalization swings can affect its ability to remain listed.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Nasdaq minimum MVLS compliance1Global logistics market volatility2Regulatory and customs disruption3Geopolitical lane disruption4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Nasdaq minimum MVLS complianceImpact: HighLikelihood: High

    The company must restore the required market value by the stated deadline or face delisting procedures.

    Exposure: Listing status and market access

  2. Global logistics market volatilityImpact: HighLikelihood: High

    Forwarding volumes and pricing depend on trade flows, shipping capacity, and customer demand.

    Exposure: Air and ocean freight forwarding

  3. Regulatory and customs disruptionImpact: MediumLikelihood: Medium

    Cross-border shipments can be delayed or made more costly by customs, sanctions, or trade rules.

    Exposure: International shipment lanes

  4. Geopolitical lane disruptionImpact: MediumLikelihood: Medium

    The business depends on Asia-U.S. and other international transport routes that can be affected by geopolitics.

    ExposureAsiaUnited StatesGlobal markets

Accounting

Judgemental items
Revenue recognition

Freight forwarding contracts may be recognized on a gross or net basis depending on the company’s role.

Impact: Affects reported revenue, margins, and comparability across shipments.

Cutoff and shipment timing

Revenue can depend on when a shipment is completed or a service is delivered.

Impact: Can create quarter-to-quarter swings in revenue and working capital.

Receivables and credit losses

Logistics businesses often extend credit to shippers and intermediaries across jurisdictions.

Impact: Can affect bad debt expense and balance-sheet reserves.

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

PS International Group Ltd. (PSIG) Revenue, Earnings & Financials 2025 – Clarifo