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MGN

Megan Holdings Limited Ordinary Shares

MGN

Megan Holdings Limited Ordinary Shares • NYSE
$1.94 ▼ -6.73% (-0.14)
Market Cap $29.10 M
52w High $8.63
52w Low $1.30
Dividend Yield 0%
P/E 27.71
Volume 14.13K
Outstanding Shares 15.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2024 $18.306M ▲ $68.067M ▲ $35.568M ▲ $32.508M ▲
Q4-2023 $8.551M $54.797M $25.025M $29.772M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement Megan Holdings is still a very small company, but its revenue has been edging up steadily over the past few years. Profitability looks surprisingly solid for a young, niche player: gross profit, operating profit, and net profit are all positive and relatively stable, which is unusual at this early stage. Earnings per share have been creeping higher, suggesting the existing business model can generate profit even before the new “Smart Farming System” scales. The main risk is that such a small revenue base can be volatile; a few projects gained or lost could quickly change the picture.

Balance Sheet

Balance Sheet The balance sheet is simple and relatively clean. Assets have grown, and shareholders’ equity has been building over time, which indicates the company has been funding itself primarily through retained profits rather than heavy borrowing. There is effectively no financial debt, which lowers financing risk but also means growth is reliant on internal cash and new equity. Cash levels have moved around and recently look lean, so liquidity and access to funding will matter if the company wants to accelerate expansion or ride out slower periods.

Cash Flow

Cash Flow Cash flow is more uneven than the income statement. In earlier years, the core business generated cash, but the most recent year shows cash being used rather than generated, even though the company remained profitable on paper. This kind of mismatch often reflects timing issues on projects, working capital swings, or early investment in growth. Free cash flow has followed a similar pattern, underlining that Megan Holdings is still in a build-out phase, where cash management and project execution discipline are critical.

Competitive Edge

Competitive Edge Megan Holdings operates in a niche corner of the industrial and agri-tech world, focusing on aquaculture and agriculture infrastructure, especially shrimp farming in Malaysia. Its pitch is to be a one-stop shop: design, build, upgrade, and maintain farms while also helping with equipment and materials. This integrated approach can be attractive to farm operators who prefer a single partner rather than multiple contractors. However, the company is still small and regional, and its competitive edge will depend on proving consistent project quality, cost efficiency, and the real-world value of its smart farming solutions against both local construction firms and emerging agri-tech players.

Innovation and R&D

Innovation and R&D The core innovation story is the in-development “Smart Farming System,” which uses sensors and data to monitor pond conditions and, over time, aims to become a broader digital farm management platform. If executed well, this could shift Megan Holdings from a traditional project contractor toward a technology-enabled solutions provider with more recurring, higher-value services. The company also talks about integrating various management systems and predictive tools, signaling ambition to build a full digital ecosystem around farms. The challenge is that technical details, performance data, and customer proof points are still limited publicly, so the strength and uniqueness of this technology remain more of a promise than a proven moat for now.

Summary

Overall, Megan Holdings looks like a very early-stage, niche industrial and agri-tech business with modest but growing operations and surprisingly steady profitability for its size. The balance sheet is straightforward and largely debt-free, but cash flows are choppy and recent liquidity looks tight, which is a key operational risk. Strategically, the company is trying to blend traditional farm construction and maintenance with a data-driven “Smart Farming System” that, if successful, could deepen relationships with clients and support higher-margin services. The big questions ahead are execution and scale: turning a promising technology concept and a convenient one-stop-shop model into repeatable, cash-generative growth in a competitive and still-evolving agri-tech market.

NEWS

September 29, 2025 · 4:25 PM UTC

Megan Holdings Limited Announces Closing of $5 Million Initial Public Offering

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September 25, 2025 · 4:55 PM UTC

Megan Holdings Limited Announces Pricing of $5 Million Initial Public Offering

Read more