Megan Holdings Ltd.

Listed Company

MGNCIK 0001995075NasdaqNon-AcceleratedEmerging GrowthAgricultural Prod-Livestock & Animal SpecialtiesFY ends Dec 31

Business

Megan Holdings Ltd. is a publicly listed company in Agricultural Prod-Livestock & Animal Specialties. Common stock trades on Nasdaq under the ticker MGN.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Revenue	84	60	85
Cost of revenue	82	48	71
Gross Profit	1	12	14
General and administrative expenses	2	4	4
Interest expenses	23,767	23,788	1,543
(Allowance for)/Reversal of expected credit losses	−982,000	700,521	281,479
Income from operations	606,759	8	10
Other income/(expenses)	—	—	—
Dividend income	11,223	32,562	—
Fair value gain/(loss) on marketable securities	4	−4,607	2
Interest income	46,784	18,393	1,633
Total other income, net	4	46,348	2
Income before income tax	4	8	12
Income tax expenses	3	3	3
Total	879,441	5	8
Net income:	—	—	—
Equity holders of the Company	879,442	5	8
Non-controlling interest	−1	−9	—
Total	879,441	5	8
Weighted average number of ordinary shares	—	—	—
Weighted average number of ordinary shares basic (in Shares)	15	15	15
Weighted average number of ordinary shares diluted (in Shares)	15	15	15
Earnings per share attributable to ordinary shareholders	—	—	—
Earnings per share attributable to ordinary shareholders basic (in Ringgits per share and Dollars per share)	0.06	0.32	0.55
Earnings per share attributable to ordinary shareholders diluted (in Ringgits per share and Dollars per share)	0.06	0.32	0.55

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Current assets	—	—	—
Cash and cash equivalents	172,025	9,365	4
Restricted cash	12,090	12,090	12,090
Investments in marketable securities	29	23	4
Accounts receivable, net	31	34	20
Contract assets, net	—	46,140	—
Deposits and other receivables	33	11	23
Total current assets	94	68	51
Non-current assets	—	—	—
Property and equipment	719,357	779,367	557,758
Deferred initial public offering costs	—	3	3
Total non-current assets	719,357	4	3
Total assets	95	72	55
Current liabilities	—	—	—
Accounts payable	567,477	335,408	2
Contract liabilities	10	4	3
Amount due to a director	779	61,995	50,188
Amount due to a related party	3	3	2
Accrued liabilities and other payables	15	15	7
Bank loan	33,637	32,369	30,626
Lease liabilities	31,001	28,986	—
Income taxes payables	17	14	11
Total current liabilities	46	37	25
Non-current liabilities	—	—	—
Lease liabilities	86,328	117,276	—
Bank loan	292,345	326,346	357,487
Total non-current liabilities	378,673	443,622	357,487
Total liabilities	46	37	25
Shareholders’ equity	—	—	—
Ordinary shares, USD0.0001 par value, 500,000,000 shares authorized, 15,000,000, 15,000,000 and 16,250,000 shares issued and outstanding as of December 31, 2023, 2024 and 2025, respectively*	7,213	6,263	6,263
Additional paid-in capital	13	243,737	243,737
Retained earnings	35	34	30
Equity attributable to owners of the Company	48	35	30
Non-controlling interest	10	11	—
Total equity	48	35	30
Total liabilities and shareholders’ equity	95	72	55

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
CASH FLOWS FROM OPERATING ACTIVITIES:	—	—	—
Net income	879,441	5	8
Adjustments to reconcile net income to net cash provided by operating activities:	—	—	—
Depreciation of property and equipment	60,270	40,408	9,104
Amortization of operating lease right-of-use assets	—	—	—
Allowance for expected credit losses	−982,000	700,521	281,479
Interest expenses	23,767	22,246	—
Fair value (gain)/loss on marketable securities	4	−4,607	2
Total	−4	6	7
Changes in operating assets and liabilities:	—	—	—
Accounts receivable, net	−4	15	3
Contract assets, net	−46,140	46,140	−2,126
Deposits and other receivables	22	−12	18
Deferred initial public offering costs	−3	84,163	2
Accounts payable	232,069	−1	−2
Contract liabilities	6	1	−2
Accrued liabilities and other payables	−199,054	146,978	−5
Payment of operating lease liabilities	—	—	—
Income taxes payables	3	3	3
NET CASH (USED IN)/ PROVIDED BY OPERATING ACTIVITIES	−10	5	−22
CASH FLOWS FROM INVESTING ACTIVITIES:	—	—	—
Purchases of property and equipment	260	102,017	562,199
Deposits (paid)/refunded for purchase of properties	—	—	5
Proceeds from disposal of marketable securities	43	40	72
Purchases of marketable securities	46	50	60
Acquisition of non-controlling interests	—	20	—
NET CASH (USED IN)/PROVIDED BY INVESTING ACTIVITIES	−3	−10	16
CASH FLOWS FROM FINANCING ACTIVITY:	—	—	—
Changes in amount due to a director	61,216	−11,807	−50,188
Advance from a related party	−61,165	1	2
Proceeds from bank loan	—	—	390,600
Repayments of bank loan	48,358	46,818	2,487
Proceeds from issuance of shares, net	13	—	—
Repayment of lease liabilities	37,075	18,564	—
Fixed deposit pledged	—	—	12,090
NET CASH PROVIDED BY FINANCING ACTIVITIES	13	1	3
NET CHANGE IN CASH AND CASH EQUIVALENTS	162,660	−4	−3
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT YEAR END	—	—	—
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT YEAR END	—	—	—
Cash received/paid for:	—	—	—
Interest income	46,784	18,393	1,633
Interest paid	23,767	22,246	1,543

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