NASDAQ : FGL
Founder Group Limited — Financial statements
Industrials · Engineering & Construction · Malaysia
Last price 1.35 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 15.47K
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Financial statements
Founder Group Limited (FGL) reported revenue of 120.70M MYR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in MYR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 120.70M | 120.70M | 90.34M | 148.05M | 63.51M | 25.17M |
| Cost of Revenue | 106.72M | 106.72M | 84.10M | 130.20M | 54.83M | 21.72M |
| Gross Profit | 13.98M | 13.98M | 6.24M | 17.85M | 8.68M | 3.45M |
| Selling, General & Admin | 16.10M | 16.10M | 11.85M | 6.70M | 3.42M | 582.40K |
| Other Operating Expenses | 133.60K | |||||
| Operating Expenses | 16.10M | 16.10M | 11.85M | 6.70M | 3.42M | 1.08M |
| Operating Income | -2.12M | -2.12M | -5.61M | 11.15M | 5.27M | 2.37M |
| Interest Expense | -5.37M | -5.37M | -2.07M | -1.50M | -329.34K | -5.86K |
| Interest & Investment Income | 239.94K | 239.94K | 102.61K | 47.26K | 435.00 | |
| Earnings From Equity Investments | 7.12K | 7.12K | ||||
| Currency Exchange Gain (Loss) | 1.41M | 1.41M | 1.10M | -10.00K | 267.15K | |
| Other Non Operating Income (Expenses) | 183.41K | 183.41K | 816.67K | 103.16K | 254.16K | 9.42K |
| Pretax Income | -5.66M | -5.66M | -5.65M | 9.79M | 5.19M | 2.64M |
| Income Tax Expense | 2.11M | 2.11M | -500.44K | 2.65M | 1.25M | 724.88K |
| Net Income | -7.76M | -7.76M | -5.15M | 7.15M | 3.94M | 1.92M |
| Net Income to Common | -7.76M | -7.76M | -5.15M | 7.15M | 3.94M | 1.92M |
| Free Cash Flow | -41.86M | -41.86M | -7.39M | -18.64M | -2.69M | 4.65M |
| Gross Margin | 11.58% | 11.58% | 6.91% | 12.06% | 13.67% | 13.70% |
| Operating Margin | -1.76% | -1.76% | -6.21% | 7.53% | 8.29% | 9.42% |
| Profit Margin | -6.43% | -6.43% | -5.70% | 4.83% | 6.21% | 7.62% |
| Free Cash Flow Margin | -34.68% | -34.68% | -8.18% | -12.59% | -4.23% | 18.49% |
| EBITDA | 163.55K | 163.55K | -5.03M | 11.36M | 5.59M | 2.69M |
| EBITDA Margin | 0.14% | 0.14% | -5.56% | 7.67% | 8.80% | 10.67% |
| D&A For EBITDA | 2.29M | 2.29M | 581.49K | 204.74K | 321.26K | 313.97K |
| EBIT | -2.12M | -2.12M | -5.61M | 11.15M | 5.27M | 2.37M |
| EBIT Margin | -1.76% | -1.76% | -6.21% | 7.53% | 8.29% | 9.42% |
| Effective Tax Rate | 27.02% | 24.04% | 27.42% | |||
| Revenue as Reported | 120.70M | 120.70M | 90.34M | 148.05M | 63.51M |
Balance sheet
Fiscal year January - December; amounts in MYR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 80.24M | 80.24M | 13.90M | 5.60M | 8.23M | 1.29M |
| Cash & Short-Term Investments | 80.24M | 80.24M | 13.90M | 5.60M | 8.23M | 1.29M |
| Accounts Receivable | 62.68M | 62.68M | 53.14M | 67.31M | 22.26M | 3.41M |
| Other Receivables | 686.27K | 686.27K | 1.62M | 944.15K | 106.81K | 3.78M |
| Receivables | 63.37M | 63.37M | 54.76M | 68.25M | 22.37M | 7.18M |
| Inventory | 2.46M | 2.46M | 3.05M | 1.86M | 1.59M | 624.79K |
| Prepaid Expenses | 2.45M | 2.45M | 1.27M | |||
| Other Current Assets | 14.92M | 14.92M | 11.43M | 3.55M | 1.61M | 65.74K |
| Total Current Assets | 163.44M | 163.44M | 84.42M | 79.26M | 33.80M | 9.16M |
| Property, Plant & Equipment | 22.70M | 22.70M | 27.32M | 1.88M | 552.60K | 806.37K |
| Long-Term Investments | 1.92M | 1.92M | ||||
| Long-Term Accounts Receivable | 1.51M | 1.51M | 2.48M | 2.67M | ||
| Long-Term Deferred Tax Assets | 175.81K | 175.81K | 74.00K | 74.00K | ||
| Total Assets | 189.75M | 189.75M | 114.29M | 83.87M | 34.36M | 9.97M |
| Accounts Payable | 18.32M | 18.32M | 27.40M | 38.42M | 18.59M | 5.19M |
| Accrued Expenses | 464.14K | 464.14K | 683.06K | 349.04K | 284.36K | 5.41K |
| Short-Term Debt | 108.58M | 108.58M | 32.72M | 23.77M | 4.38M | 445.06K |
| Current Portion of Long-Term Debt | 1.03M | 1.03M | 143.94K | 131.22K | ||
| Current Portion of Leases | 613.50K | 613.50K | 355.14K | 141.82K | 96.44K | 91.37K |
| Current Income Taxes Payable | 104.02K | 104.02K | 1.60K | 1.71M | 157.29K | 109.56K |
| Current Unearned Revenue | 827.10K | 200.00K | ||||
| Other Current Liabilities | 12.39M | 12.39M | 33.30M | 3.68M | 2.25M | 13.66K |
| Total Current Liabilities | 141.50M | 141.50M | 94.60M | 68.20M | 26.59M | 6.05M |
| Long-Term Debt | 17.48M | 17.48M | 1.93M | 811.24K | ||
| Long-Term Leases | 511.62K | 511.62K | 642.68K | 73.83K | 50.20K | 146.64K |
| Long-Term Deferred Tax Liabilities | 75.31K | 75.31K | ||||
| Total Liabilities | 159.49M | 159.49M | 97.17M | 69.08M | 26.72M | 6.27M |
| Common Stock | 28.94M | 28.94M | 7.43M | 69.28K | 69.28K | 69.28K |
| Retained Earnings | 95.92K | 95.92K | 7.86M | 13.01M | 5.86M | 1.92M |
| Comprehensive Income & Other | 1.22M | 1.22M | 1.84M | 1.71M | 1.71M | 1.70M |
| Total Common Equity | 30.26M | 30.26M | 17.12M | 14.79M | 7.64M | 3.69M |
| Minority Interest | 1.00 | 1.00 | ||||
| Shareholders' Equity | 30.26M | 30.26M | 17.12M | 14.79M | 7.64M | 3.69M |
| Total Liabilities & Equity | 189.75M | 189.75M | 114.29M | 83.87M | 34.36M | 9.97M |
| Total Debt | 128.22M | 128.22M | 35.79M | 24.92M | 4.53M | 683.07K |
| Net Cash (Debt) | -47.98M | -47.98M | -21.89M | -19.32M | 3.70M | 606.73K |
| Filing Date Shares Outstanding | 1.77K | 1.57K | 1.57K | |||
| Total Common Shares Outstanding | 1.77K | 1.57K | 1.57K | |||
| Working Capital | 21.94M | 21.94M | -10.18M | 11.06M | 7.21M | 3.11M |
| Book Value Per Share | 9,689.57 | 9,420.17 | 4,865.24 | |||
| Tangible Book Value | 30.26M | 30.26M | 17.12M | 14.79M | 7.64M | 3.69M |
| Tangible Book Value Per Share | 9,689.57 | 9,420.17 | 4,865.24 | |||
| Machinery | 23.72M | 23.72M | 26.25M | 2.45M | 1.03M | 884.39K |
| Construction In Progress | 849.03K | 849.03K | 642.12K |
Cash flow statement
Fiscal year January - December; amounts in MYR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -7.76M | -7.76M | -5.15M | 7.15M | 3.94M | 1.92M |
| Depreciation & Amortization | 2.62M | 2.62M | 771.98K | 323.18K | 415.64K | 361.16K |
| Asset Writedown & Restructuring Costs | 32.78K | 3.20K | ||||
| Provision & Write-off of Bad Debts | -1.01M | -1.01M | 2.93M | 296.78K | 27.55K | |
| Other Operating Activities | 5.66M | 5.66M | -589.65K | 2.86M | 253.34K | 2.02M |
| Change in Accounts Receivable | -7.53M | -7.53M | 10.15M | -44.93M | -18.89M | -3.52M |
| Change in Inventory | 591.49K | 591.49K | -1.19M | -276.00K | -963.15K | -624.79K |
| Change in Accounts Payable | -9.08M | -9.08M | -11.02M | 19.83M | 13.43M | 5.19M |
| Change in Unearned Revenue | -806.06K | 600.06K | 200.00K | |||
| Change in Income Taxes | 109.56K | |||||
| Change in Other Net Operating Assets | -24.53M | -24.53M | -2.06M | -1.63M | -1.35M | -115.96K |
| Operating Cash Flow | -41.03M | -41.03M | -6.13M | -17.18M | -2.53M | 5.54M |
| Capital Expenditures | -826.33K | -826.33K | -1.26M | -1.46M | -161.87K | -887.59K |
| Investment in Securities | -1.92M | -1.92M | ||||
| Other Investing Activities | -5.18M | -5.18M | -4.12M | -2.83M | -775.79K | |
| Investing Cash Flow | -7.93M | -7.93M | -5.38M | -4.29M | -937.66K | -887.59K |
| Long-Term Debt Issued | 113.62M | 113.62M | 8.62M | 20.33M | 4.38M | |
| Long-Term Debt Repaid | -362.00K | -362.00K | -205.00K | -126.00K | -102.00K | -51.00K |
| Lease Payments | -362.00K | -362.00K | -205.00K | -126.00K | -102.00K | -51.00K |
| Net Debt Issued (Repaid) | 113.26M | 113.26M | 8.41M | 20.20M | 4.28M | -51.00K |
| Issuance of Common Stock | 25.55M | 69.28K | ||||
| Other Financing Activities | -2.98M | -2.98M | -20.04M | -4.24M | 5.24M | -3.26M |
| Financing Cash Flow | 110.28M | 110.28M | 13.92M | 15.96M | 9.52M | -3.24M |
| Foreign Exchange Rate Adjustments | 333.94K | 333.94K | 205.19K | 787.00 | 106.93K | -121.55K |
| Net Cash Flow | 61.65M | 61.65M | 2.62M | -5.51M | 6.17M | 1.29M |
| Free Cash Flow | -41.86M | -41.86M | -7.39M | -18.64M | -2.69M | 4.65M |
| Free Cash Flow Margin | -34.68% | -34.68% | -8.18% | -12.59% | -4.23% | 18.49% |
| Levered Free Cash Flow | -45.68M | -45.68M | 15.08M | -21.14M | 2.24M | |
| Unlevered Free Cash Flow | -42.33M | -42.33M | 16.37M | -20.20M | 2.44M | |
| Free Cash Flow After Leases | -42.22M | -42.22M | -7.60M | -18.77M | -2.79M | 4.60M |
| Cash Interest Paid | 4.92M | 4.92M | 2.04M | 1.49M | 318.70K | |
| Cash Income Tax Paid | 1.35M | 1.35M | 1.97M | 1.24M | 1.20M | |
| Change in Working Capital | -40.55M | -40.55M | -4.12M | -27.81M | -7.17M | 1.24M |
Ratios
Fiscal year January - December; amounts in MYR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.58K | 2.99M | 21.81M | |||
| Enterprise Value | 11.83M | 12.61M | 25.69M | |||
| Last Close Price | 1.35 | 1,620.00 | 12,900.00 | |||
| PS Ratio | 0.00 | 0.10 | 1.08 | |||
| PB Ratio | 0.00 | 0.40 | 5.70 | |||
| P/TBV Ratio | 0.00 | 0.40 | 5.70 | |||
| EV/Sales Ratio | 0.40 | 0.42 | 1.27 | |||
| EV/EBITDA Ratio | 293.73 | 313.14 | ||||
| Debt / Equity Ratio | 4.24 | 4.24 | 2.09 | 1.69 | 0.59 | 0.18 |
| Debt / EBITDA Ratio | 258.16 | 258.16 | 2.17 | 0.80 | 0.25 | |
| Debt / FCF Ratio | 0.15 | |||||
| Net Debt / Equity Ratio | 1.59 | 1.59 | 1.28 | 1.31 | -0.48 | -0.16 |
| Net Debt / EBITDA Ratio | 293.34 | 293.34 | -4.35 | 1.70 | -0.66 | -0.23 |
| Net Debt / FCF Ratio | -1.15 | -1.15 | -2.96 | -1.04 | 1.38 | -0.13 |
| Asset Turnover | 0.79 | 0.79 | 0.91 | 2.50 | 2.87 | |
| Inventory Turnover | 38.76 | 38.76 | 34.23 | 75.44 | 49.55 | |
| Quick Ratio | 1.01 | 1.01 | 0.73 | 1.08 | 1.15 | 1.40 |
| Current Ratio | 1.16 | 1.16 | 0.89 | 1.16 | 1.27 | 1.51 |
| Return on Equity (ROE) | -32.77% | -32.77% | -32.28% | 63.73% | 69.60% | |
| Return on Assets (ROA) | -0.87% | -0.87% | -3.54% | 11.79% | 14.85% | |
| Return on Invested Capital (ROIC) | -2.72% | -3.62% | -15.34% | 42.79% | 113.97% | 55.79% |
| Return on Capital Employed (ROCE) | -4.40% | -4.40% | -28.50% | 71.20% | 67.80% | 60.60% |
| Earnings Yield | -12,363.52% | -63.98% | -5.28% | |||
| FCF Yield | -66,491.18% | -344.97% | -7.58% |