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Inneova Holdings Limited's Business Segments
Inneova Holdings Limited's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Reportable Segments
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Largest Segment
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Total Revenue
$ 58
Regions Reported
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Annual Results
Revenue by Product & Service Category -
- Off Highway Business50.4%
- On Highway Business42.1%
- Engineering Services7.9%
Revenue by Product & Service Category -
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Off Highway Business | $ 29 | 50.4% |
| On Highway Business | $ 25 | 42.1% |
| Engineering Services | $ 5 | 7.9% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Inneova Holdings Limited
The company operates by acquiring and supplying merchandise to customers, relying significantly on product suppliers to provide quality goods at competitive prices. It prioritizes meeting customer expectations for product quality, innovation, and safety, and depends on vendors to ensure compliance with applicable product safety laws and standards. Failure to uphold these standards may lead to lost sales, increased costs, legal and reputational risks, government enforcement actions, private litigation, product recalls, and diminished customer confidence. Additionally, the company is influenced by global economic conditions affecting its vendors, including fluctuations in consumer demand, tariffs, raw material shortages, and supply chain disruptions, which can raise costs and impact inventory availability. These factors affect the company's ability to source merchandise competitively and sustain its operations.
The registrant operates three reportable business segments. The On-Highway Business Segment supplies genuine and aftermarket spare parts for passenger and commercial vehicles through Autozone retail outlets in Singapore and Malaysia. This segment represented approximately 42.0% and 41.2% of total revenue for the fiscal years ended December 31, 2025 and 2024, respectively. The Off-Highway Business Segment provides components and spare parts for internal combustion engines, with a focus on filtration products for industries including marine, energy, mining, construction, agriculture, and oil and gas, through INNEOVA Industrial. This segment accounted for approximately 50.2% and 51.8% of total revenue for the fiscal years ended December 31, 2025 and 2024, respectively. The Engineering Services Segment delivers engineering solutions such as system lifecycle analysis and turnkey solutions across sectors including transport, healthcare, defence, utilities, and facility management. This segment contributed approximately 7.8% and 7.0% of total revenue for the fiscal years ended December 31, 2025 and 2024, respectively.