MGN
MGN
Megan Holdings Limited Ordinary SharesIncome 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 |
|---|---|---|---|---|
| Q4-2024 | $22.6M ▲ | $71.61M ▲ | $37.06M ▲ | $34.56M ▲ |
| Q2-2024 | $18.31M ▲ | $68.07M ▲ | $35.57M ▲ | $32.51M ▲ |
| Q4-2023 | $8.55M | $54.8M | $25.03M | $29.77M |
What's financially strong about this company?
MGN has nearly $23 million in cash and short-term investments, almost no debt, and a very high equity base. Most assets are liquid, and there’s no risky goodwill or intangibles. The company is consistently profitable and getting stronger each quarter.
What are the financial risks or weaknesses?
Receivables are growing faster than payables, which could mean customers are paying more slowly. Deferred revenue dropped, so less cash is coming in upfront. Working capital is rising, tying up more cash in operations.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|
5-Year Trend Analysis
A comprehensive look at Megan Holdings Limited Ordinary Shares's financial evolution and strategic trajectory over the past five years.
Key strengths include a still-profitable core business, historically strong margins compared with its size, a conservative balance sheet with low leverage, and growing equity driven by retained earnings. The integrated design-build-tech model and focus on smart aquaculture solutions give it a differentiated position in a growing, sustainability-focused industry. The company has also shown it can generate substantial cash in favorable periods and has refrained from heavy financial engineering, preserving flexibility.
Main risks are the recent sharp decline in revenue and earnings, ongoing margin compression, and very volatile cash flows, particularly the episode of deeply negative operating cash. Rising payables and a weakening quick liquidity profile add to pressure if cash generation stumbles again. Competitively, the company operates in a narrow niche and faces the possibility of larger, better-capitalized players entering the same space, while its own technology platform is still in the early stages of commercial validation.
The outlook hinges on two factors: stabilizing the traditional project-based business and successfully scaling the Smart Farming System. If the company can regain growth momentum, smooth out working capital swings, and show that its technology materially improves farm economics, its position in the aquaculture value chain could strengthen meaningfully. Conversely, if revenue volatility persists and adoption of its smart systems lags, the current financial pressures and narrowing margins could weigh on its ability to invest and compete. Overall, Megan appears to be at a transition point from contractor to tech-enabled solutions provider, with both upside potential and execution risk clearly visible.
About Megan Holdings Limited Ordinary Shares
https://www.meganmezanin.comMegan Holdings Limited engages in the development, construction, and maintenance of aquaculture and agriculture farms and related works in Malaysia. It is also involved in the supply of industrial machinery; rental of machinery for agriculture and aquaculture; and upgrading and maintenance of aquaculture and agriculture farms. The company was founded in 2020 and is based in Kuala Lumpur, Malaysia.
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 |
|---|---|---|---|---|
| Q4-2024 | $22.6M ▲ | $71.61M ▲ | $37.06M ▲ | $34.56M ▲ |
| Q2-2024 | $18.31M ▲ | $68.07M ▲ | $35.57M ▲ | $32.51M ▲ |
| Q4-2023 | $8.55M | $54.8M | $25.03M | $29.77M |
What's financially strong about this company?
MGN has nearly $23 million in cash and short-term investments, almost no debt, and a very high equity base. Most assets are liquid, and there’s no risky goodwill or intangibles. The company is consistently profitable and getting stronger each quarter.
What are the financial risks or weaknesses?
Receivables are growing faster than payables, which could mean customers are paying more slowly. Deferred revenue dropped, so less cash is coming in upfront. Working capital is rising, tying up more cash in operations.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|
5-Year Trend Analysis
A comprehensive look at Megan Holdings Limited Ordinary Shares's financial evolution and strategic trajectory over the past five years.
Key strengths include a still-profitable core business, historically strong margins compared with its size, a conservative balance sheet with low leverage, and growing equity driven by retained earnings. The integrated design-build-tech model and focus on smart aquaculture solutions give it a differentiated position in a growing, sustainability-focused industry. The company has also shown it can generate substantial cash in favorable periods and has refrained from heavy financial engineering, preserving flexibility.
Main risks are the recent sharp decline in revenue and earnings, ongoing margin compression, and very volatile cash flows, particularly the episode of deeply negative operating cash. Rising payables and a weakening quick liquidity profile add to pressure if cash generation stumbles again. Competitively, the company operates in a narrow niche and faces the possibility of larger, better-capitalized players entering the same space, while its own technology platform is still in the early stages of commercial validation.
The outlook hinges on two factors: stabilizing the traditional project-based business and successfully scaling the Smart Farming System. If the company can regain growth momentum, smooth out working capital swings, and show that its technology materially improves farm economics, its position in the aquaculture value chain could strengthen meaningfully. Conversely, if revenue volatility persists and adoption of its smart systems lags, the current financial pressures and narrowing margins could weigh on its ability to invest and compete. Overall, Megan appears to be at a transition point from contractor to tech-enabled solutions provider, with both upside potential and execution risk clearly visible.
CEO
Wei Sern Hoo