Security
Megan Holdings Limited Class A Ordinary Shares · MGN
MGNNASDAQCommon stockCurrentCIK 1995075Updated Nov 2, 2026
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NASDAQ:MGN on TradingView ↗About the company
We are a company principally engaged in the development, construction and maintenance of aquaculture farms and related works. Our operations are based in Malaysia. Since our inception in 2020, we have strived to establish ourselves as a trusted and experienced provider of shrimp farm related maintenance services in Malaysia. As of the date of this prospectus, we have been carrying out a series of upgrading and maintenance works for aquaculture farms, all of which are located in Tawau, Sabah, Malaysia. This constitutes 15.5%, 29.3% and 47.7% of our revenue for the financial years ended December 31, 2023, 2024 and 2025, and 100% for the six months ended June 30, 2026, respectively. Besides that, we also carried out upgrading works for a pineapple plantation farm located at Kota Tinggi, Johor, Malaysia in 2022 and 2023. This constituted 22.6%, Nil% and Nil% of our revenue for the financial years ended December 31, 2023, 2024 and 2025, and Nil% for the six months ended June 30, 2026, respectively.
In the news
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Megan Holdings Limited of Class Action Lawsuit and Upcoming Deadlines – MGN ↗
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Megan Holdings Limited of Class Action Lawsuit and Upcoming Deadlines - MGN ↗
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Megan Holdings Limited of Class Action Lawsuit and Upcoming Deadlines - MGN ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| ASSETS | ||
| AssetsUSD | 23,315,055Source | 71,614,109Source |
| Property, Plant and Equipment, NetUSD | 177,356Source | 779,367Source |
| Current assets: | ||
| Cash and Cash Equivalents, at Carrying ValueUSD | 42,412Source | 9,365Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 7,655,481Source | 34,040,469Source |
| Assets, CurrentUSD | 23,137,699Source | 67,975,040Source |
| LIABILITIES AND EQUITY | ||
| LiabilitiesUSD | 11,402,209Source | 37,057,393Source |
| Stockholders’ equity: | ||
| Common Stock, Value, IssuedUSD | 1,625Source | 6,263Source |
| Retained Earnings (Accumulated Deficit)USD | 8,675,086Source | 34,306,705Source |
| Stockholders' Equity Attributable to ParentUSD | 11,912,843Source | 34,556,705Source |
| Additional Paid in Capital, Common StockUSD | 3,236,132Source | 243,737Source |
| Liabilities and EquityUSD | 23,315,055Source | 71,614,109Source |
| Current liabilities: | ||
| Liabilities, CurrentUSD | 11,308,848Source | 36,613,771Source |
| Operating Lease, Liability, CurrentUSD | 7,643Source | 28,986Source |
| Accounts Payable, CurrentUSD | 139,911Source | 335,408Source |
| Operating Lease, Liability, NoncurrentUSD | 21,284Source | 117,276Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 3Source | 11Source |
| Additional Financial Items | ||
| Accounts Receivable, after Allowance for Credit LossUSD | 7,655,481Source | 34,040,469Source |
| Accrued Liabilities, CurrentUSD | 11,571Source | 852,646Source |
| Long-term DebtUSD | 80,370Source | 358,715Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 216,823Source | 4,784,677Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, Depletion and AmortizationUSD | 14,859Source | 40,408Source |
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in Accounts ReceivableUSD | -979,250Source | 14,650,568Source |
| Increase (Decrease) in Accounts PayableUSD | 57,216Source | -1,417,027Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -2,364,082Source | 4,999,695Source |
| Cash flows from investing activities: | ||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -720,699Source | -10,264,959Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 64Source | 102,017Source |
| Cash flows from financing activities: | ||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 3,124,884Source | 1,158,282Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 40,103Source | -4,106,982Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 42,412Source | 2,309Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 5,860Source | 22,246Source |
| Income Taxes Paid, NetUSD | 11,535Source | 18,393Source |
| Additional Financial Items | ||
| DepreciationUSD | 14,859Source | 40,408Source |
| Financing Interest ExpenseUSD | 2,007Source | 4,826Source |
| General and Administrative ExpenseUSD | 445,572Source | 3,572,145Source |
| Income Tax Expense (Benefit)USD | 850,905Source | 2,845,000Source |
| InterestExpenseNonoperatingUSD | 5,860Source | 23,788Source |
| Investment Income, InterestUSD | 11,535Source | 18,393Source |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | 903,832Source | -4,607Source |
| Net Income (Loss) Attributable to ParentUSD | 216,823Source | 4,784,686Source |
| Net Income (Loss) Attributable to Noncontrolling InterestMYR | -1Source | -9Source |
| Nonoperating Income (Expense)USD | 918,134Source | 46,348Source |
| Proceeds from Issuance of Common StockUSD | 3,176,121Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 20,681,805Source | 60,293,562Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Total RevenueUSD | 20,681,805Source | 60,293,562Source |
| Operating Income (Loss)USD | 149,594Source | 7,583,329Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 1,067,728Source | 7,629,677Source |
| Income Tax Expense (Benefit)USD | 850,905Source | 2,845,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestMYR | -1Source | -9Source |
| Net Income (Loss) Attributable to ParentUSD | 216,823Source | 4,784,686Source |
| Earnings Per Share, BasicUSD per share | 0.01Source | 0.32Source |
| Earnings Per Share, DilutedUSD per share | 0.01Source | 0.32Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 15,318,493Source | 15,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 15,318,493Source | 15,000,000Source |
| Interest Expense (non-operating)USD | 5,860Source | 23,788Source |
| Additional Financial Items | ||
| Current Income Tax Expense (Benefit)USD | 383,036Source | 2,845,000Source |
| Financing Interest ExpenseUSD | 2,007Source | 4,826Source |
| General and Administrative ExpenseUSD | 445,572Source | 3,572,145Source |
| Gross ProfitUSD | 358,916Source | 11,879,783Source |
| Interest ExpenseUSD | 5,860Source | 22,246Source |
| Investment Income, InterestUSD | 11,535Source | 18,393Source |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | 903,832Source | -4,607Source |
| Nonoperating Income (Expense)USD | 918,134Source | 46,348Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 20,681,805Source | 60,293,562Source |
Offerings
Registration 333-299548
- Gross proceeds
- 100000.0
- Net proceeds
- 7050000.0
- Deal price
- 0.5
- Shares
- 200000
- Offering amount
- $100,000.
- Offering price
- $0.50
- Ticker
- MGN
Underwriters: Prime Number Capital, LLC
Registration 333-292850
Filing attachments
ea031029201ex99-1.htm · 6-K · 2026-10-30
Exhibit 99.1 Megan Holdings Limited Announces Pricing of Up to $7.5 Million Follow-on Public Offering Malaysia, Kuala Lumpur, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Megan Holdings Limited (Nasdaq: MGN) (the “Company” or “Megan”), a Malaysia-based company principally engaged in the development, construction, and maintenance of aquaculture farms and related works, today announced the pricing of a follow-on public offering (the “Offering”) of up to 15,000,000 Class A ordinary shares, par value US$0.00…
Read attachment ↗ea031029201ex99-2.htm · 6-K · 2026-10-30
Exhibit 99.2 Megan Holdings Limited Announces Closing of $7.5 Million Follow-on Public Offering Malaysia, Kuala Lumpur, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Megan Holdings Limited (Nasdaq: MGN) (the “Company” or “Megan”), a Malaysia-based company principally engaged in the development, construction, and maintenance of aquaculture farms and related works, today announced the closing of its reasonable best efforts follow-on public offering (the “Offering”) of 15,000,000 Class A ordinary shares, par…
Read attachment ↗ea030653701ex99-1.htm · 6-K · 2026-09-28
Exhibit 99.1 MEGAN HOLDINGS LIMITED AND ITS SUBSIDIARIES RESULTS OF OPERATIONS The following table sets forth a summary of our unaudited interim condensed consolidated statements of operations for the periods ended June 30, 2026 and 2025. For the period ended June 30, 2025 2026 2026 …
Read attachment ↗ea030193101ex99-1.htm · 6-K/A · 2026-08-13
Exhibit 99.1 Megan Holdings Limited B-01-07, Gateway Corporate Suites Gateway Kiaramas No. 1, Jalan Desa Kiara 50480 Mont Kiara Kuala Lumpur, Malaysia PROXY STATEMENT AND NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON AUGUST 21, 2026 (KUALA LUMPUR TIME) / AUGUST 20, 2026 (ET) August 11, 2026 Dear Shareholder: Notice is hereby given that an extraordinary general meeting of shareholders (the “Meeting”) of Megan Holdings Limited, a Cayman Islands exempted company …
Read attachment ↗ea030193101ex99-2.htm · 6-K/A · 2026-08-13
Exhibit 99.2 Megan Holdings Limited B-01-07, Gateway Corporate Suites Gateway Kiaramas No. 1, Jalan Desa Kiara 50480 Mont Kiara Kuala Lumpur, Malaysia PROXY Solicited on Behalf of the Board of Directors for the Extraordinary General Meeting of Shareholders (the “Meeting”) on August 21, 2026 at 10:00 a.m. Kuala Lumpur Time (August 20, 2026 at 10:00 p.m. Eastern Time) The undersigned hereby appoints Hoo Wei Sern (Darren Hoo) as proxy with full power of substitution, to represent and to v…
Read attachment ↗ea030151901ex99-1.htm · 6-K · 2026-08-11
Exhibit 99.1 Megan Holdings Limited B-01-07, Gateway Corporate Suites Gateway Kiaramas No. 1, Jalan Desa Kiara 50480 Mont Kiara Kuala Lumpur, Malaysia PROXY STATEMENT AND NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON AUGUST 21, 2026 (KUALA LUMPUR TIME) / AUGUST 20, 2026 (ET) August 11, 2026 Dear Shareholder: Notice is hereby given that an extraordinary general meeting of shareholders (the “Meeting”) of Megan Holdings Limited, a Cayman Islands exempted company …
Read attachment ↗