$MGN
Megan Holdings Ltd.
CIK:0001995075|SEC Filings
Consolidated Statements of Comprehensive Income |
12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2025
MYR (RM)
RM / shares
shares
|
Dec. 31, 2025
USD ($)
$ / shares
shares
|
Dec. 31, 2024
MYR (RM)
RM / shares
shares
|
Dec. 31, 2023
MYR (RM)
RM / shares
shares
|
||||||
| Revenue | RM 83,885,403 | $ 20,681,805 | RM 60,293,562 | RM 85,237,802 | |||||
| Gross Profit | 1,455,767 | 358,916 | 11,879,783 | 14,282,081 | |||||
| General and administrative expenses | (1,807,241) | (445,572) | (3,572,145) | (4,030,856) | |||||
| Interest expenses | (23,767) | (5,860) | (23,788) | (1,543) | |||||
| (Allowance for)/Reversal of expected credit losses | 982,000 | 242,110 | (700,521) | (281,479) | |||||
| Income from operations | 606,759 | 149,594 | 7,583,329 | 9,968,203 | |||||
| Other income/(expenses) | |||||||||
| Dividend income | 11,223 | 2,767 | 32,562 | ||||||
| Fair value gain/(loss) on marketable securities | 3,665,944 | 903,832 | (4,607) | 1,552,582 | |||||
| Interest income | 46,784 | 11,535 | 18,393 | 1,633 | |||||
| Total other income, net | 3,723,951 | 918,134 | 46,348 | 1,554,215 | |||||
| Income before income tax | 4,330,710 | 1,067,728 | 7,629,677 | 11,522,418 | |||||
| Income tax expenses | (3,451,269) | (850,905) | (2,845,000) | (3,235,342) | |||||
| Net income | 879,441 | 216,823 | 4,784,677 | 8,287,076 | |||||
| Net income: | |||||||||
| Equity holders of the Company | 879,442 | 216,823 | 4,784,686 | 8,287,076 | |||||
| Non-controlling interest | (1) | [1] | (9) | ||||||
| Total | RM 879,441 | $ 216,823 | RM 4,784,677 | RM 8,287,076 | |||||
| Weighted average number of ordinary shares | |||||||||
| Weighted average number of ordinary shares basic (in Shares) | [2] | 15,318,493 | 15,318,493 | 15,000,000 | 15,000,000 | ||||
| Weighted average number of ordinary shares diluted (in Shares) | [2] | 15,318,493 | 15,318,493 | 15,000,000 | 15,000,000 | ||||
| Earnings per share attributable to ordinary shareholders | |||||||||
| Earnings per share attributable to ordinary shareholders basic (in Ringgits per share and Dollars per share) | (per share) | [2] | RM 0.06 | $ 0.01 | RM 0.32 | RM 0.55 | ||||
| Earnings per share attributable to ordinary shareholders diluted (in Ringgits per share and Dollars per share) | (per share) | [2] | RM 0.06 | $ 0.01 | RM 0.32 | RM 0.55 | ||||
| External parties | |||||||||
| Cost of revenue | RM (82,429,636) | $ (20,322,889) | RM (44,912,585) | RM (55,626,226) | |||||
| Related Party | |||||||||
| Cost of revenue | RM (3,501,194) | RM (15,329,495) | |||||||
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Consolidated Balance Sheets |
Dec. 31, 2025
MYR (RM)
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
MYR (RM)
|
Dec. 31, 2023
MYR (RM)
|
||
|---|---|---|---|---|---|---|
| Current assets | ||||||
| Cash and cash equivalents | RM 172,025 | $ 42,412 | RM 9,365 | RM 4,116,347 | ||
| Restricted cash | 12,090 | 2,981 | 12,090 | 12,090 | ||
| Investments in marketable securities | 29,183,340 | 7,195,103 | 22,594,500 | 4,434,792 | ||
| Accounts receivable, net | 31,050,630 | 7,655,481 | 34,040,469 | 20,090,422 | ||
| Contract assets, net | 46,140 | |||||
| Deposits and other receivables | 33,428,420 | 8,241,722 | 11,272,476 | 22,810,363 | ||
| Total current assets | 93,846,505 | 23,137,699 | 67,975,040 | 51,464,014 | ||
| Non-current assets | ||||||
| Property and equipment | 719,357 | 177,356 | 779,367 | 557,758 | ||
| Deferred initial public offering costs | 2,859,702 | 2,775,539 | ||||
| Total non-current assets | 719,357 | 177,356 | 3,639,069 | 3,333,297 | ||
| Total assets | 94,565,862 | 23,315,055 | 71,614,109 | 54,797,311 | ||
| Current liabilities | ||||||
| Accounts payable | 567,477 | 139,911 | 335,408 | 1,752,435 | ||
| Contract liabilities | 9,848,141 | 2,428,043 | 3,700,000 | 2,584,731 | ||
| Amount due to a director | 779 | 192 | 61,995 | 50,188 | ||
| Amount due to a related party | 3,259,111 | 803,528 | 3,320,276 | 2,108,419 | ||
| Accrued liabilities and other payables | 14,925,614 | 3,679,885 | 15,124,668 | 6,976,337 | ||
| Bank loan | 33,637 | 8,293 | 32,369 | 30,626 | ||
| Lease liabilities | 31,001 | 7,643 | 28,986 | |||
| Income taxes payables | 17,202,927 | 4,241,353 | 14,010,069 | 11,165,069 | ||
| Total current liabilities | 45,868,687 | 11,308,848 | 36,613,771 | 24,667,805 | ||
| Non-current liabilities | ||||||
| Lease liabilities | 86,328 | 21,284 | 117,276 | |||
| Bank loan | 292,345 | 72,077 | 326,346 | 357,487 | ||
| Total non-current liabilities | 378,673 | 93,361 | 443,622 | 357,487 | ||
| Total liabilities | 46,247,360 | 11,402,209 | 37,057,393 | 25,025,292 | ||
| 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* | [1] | 7,213 | 1,625 | 6,263 | 6,263 | |
| Additional paid-in capital | [1] | 13,125,132 | 3,236,132 | 243,737 | 243,737 | |
| Retained earnings | 35,186,147 | 8,675,086 | 34,306,705 | 29,522,019 | ||
| Equity attributable to owners of the Company | 48,318,492 | 11,912,843 | 34,556,705 | 29,772,019 | ||
| Non-controlling interest | 10 | 3 | 11 | |||
| Total equity | 48,318,502 | 11,912,846 | 34,556,716 | 29,772,019 | ||
| Total liabilities and shareholders’ equity | RM 94,565,862 | $ 23,315,055 | RM 71,614,109 | RM 54,797,311 | ||
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