Megan Holdings Limited (MGN) Balance Sheet

NASDAQ: MGNAssets, liabilities, debt and equity over 5 years.

MGN balance sheet, 2025

December 31, 2025 · MYR

RM 94.6M assets = RM 46.2M liabilities + RM 48.3M equity

Both columns are drawn to the same scale: what MGN owns equals what it owes plus shareholders’ equity. Hover a block for its value.

MGN financial health

Current ratio2.05

Comfortable · current assets cover current liabilities 2.05×

Debt / equity0.01

Low leverage · RM 0.01 of debt for each $1 of equity

Equity / assets51.1%

Equity-funded · of assets funded by shareholders

Cash / debt6,621.8%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

MGN balance sheet trends, 2021–2025

Megan Holdings Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	RM 31.0M2021	RM 94.6M2025	+32.1%/yr
Total liabilities	RM 17.8M2021	RM 46.2M2025	+27.0%/yr
Shareholders’ equity	RM 13.3M2021	RM 48.3M2025	+38.1%/yr
Cash & short-term investments	RM 11.4M2021	RM 29.4M2025	+26.6%/yr
Total debt	RM 17,6142021	RM 443,3112025	+124.0%/yr
Net cash (debt)	RM 11.4M2021	RM 28.9M2025	RM 17.5M
Working capital	RM 13.3M2021	RM 48.0M2025	RM 34.7M
Current ratio	1.752021	2.052025	+0.30
Debt / equity	0.002021	0.012025	+0.01
Shares outstanding	583K2021	5.4M2025	+74.6%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

MGN assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

MGN liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

MGN debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

MGN balance sheet in MYR

Megan Holdings Limited annual balance sheet
	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	RM 29.4M	RM 22.6M	RM 8.6M	RM 21.5M	RM 11.4M
Cash & equivalents	RM 172,025	RM 9,365	RM 4.1M	RM 7.2M	RM 1.7M
Short-term investments	RM 29.2M	RM 22.6M	RM 4.4M	RM 14.3M	RM 9.7M
Receivables	RM 31.1M	RM 34.1M	RM 20.1M	RM 17.3M	RM 11.6M
Inventory	RM 0	RM 0	RM 0	RM 0	RM 0
Other current assets	RM 33.4M	RM 11.3M	RM 22.8M	RM 9.0M	RM 8.0M
Total current assets	RM 93.8M	RM 68.0M	RM 51.5M	RM 47.9M	RM 31.0M
Property, plant & equipment (net)	RM 719,357	RM 779,367	RM 557,758	RM 4,663	RM 17,614
Goodwill & intangible assets	RM 0	RM 0	RM 0	RM 0	RM 0
Long-term investments	RM 0	RM 0	RM 0	RM 0	RM 0
Other non-current assets	RM 0	RM 2.9M	RM 2.8M	RM 930,007	RM 0
Total assets	RM 94.6M	RM 71.6M	RM 54.8M	RM 48.8M	RM 31.0M
Liabilities
Accounts payable	RM 567,477	RM 335,408	RM 1.8M	RM 3.6M	RM 8.6M
Short-term debt	RM 64,637	RM 61,355	RM 30,626	—	RM 17,614
Deferred revenue	RM 9.8M	RM 3.7M	RM 2.6M	RM 4.3M	RM 499,750
Total current liabilities	RM 45.9M	RM 36.6M	RM 24.7M	RM 27.3M	RM 17.8M
Long-term debt	RM 292,345	RM 326,346	RM 357,487	RM 0	RM 0
Lease obligations	RM 117,329	RM 146,262	RM 0	RM 0	RM 17,614
Other long-term liabilities	RM 86,328	RM 117,276	RM 0	RM 0	RM 0
Total liabilities	RM 46.2M	RM 37.1M	RM 25.0M	RM 27.3M	RM 17.8M
Shareholders' equity
Common stock & paid-in capital	RM 7,213	RM 6,263	RM 6,263	RM 6,263	RM 6,263
Retained earnings (deficit)	RM 35.2M	RM 34.3M	RM 29.5M	RM 21.2M	RM 13.0M
Minority interest	RM 10	RM 11	RM 0	RM 0	—
Total shareholders' equity	RM 48.3M	RM 34.6M	RM 29.8M	RM 21.5M	RM 13.3M
Key figures
Total debt	RM 443,311	RM 504,977	RM 388,113	—	RM 17,614
Net cash (debt)	RM 28.9M	RM 22.1M	RM 8.2M	—	RM 11.4M
Working capital	RM 48.0M	RM 31.4M	RM 26.8M	RM 20.6M	RM 13.3M
Tangible book value	RM 48.3M	RM 34.6M	RM 29.8M	RM 21.5M	RM 13.3M
Shares outstanding	5.4M	542K	583K	583K	583K
Current ratio	2.05	1.86	2.09	1.75	1.75
Quick ratio	1.32	1.55	1.16	1.42	1.29
Debt / equity	0.01	0.01	0.01	—	0.00
Equity / assets	51.1%	48.3%	54.3%	44.0%	42.8%

Megan Holdings Limited quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Jun '25	Dec '24	Jun '24	Dec '23
Assets
Cash & short-term investments	RM 8.2M	RM 29.4M	RM 29.4M	RM 22.9M	RM 22.6M	RM 18.3M	RM 8.6M
Cash & equivalents	RM 82,726	RM 172,025	RM 172,025	RM 215,602	RM 9,365	RM 28,908	RM 4.1M
Short-term investments	RM 8.1M	RM 29.2M	RM 29.2M	RM 22.7M	RM 22.6M	RM 18.3M	RM 4.4M
Receivables	RM 31.4M	RM 31.1M	RM 31.1M	RM 3.1M	RM 34.1M	RM 28.4M	RM 20.1M
Inventory	RM 0	RM 0	RM 0	RM 0	RM 0	RM 0	RM 0
Other current assets	RM 0	RM 33.4M	RM 33.4M	RM 71.3M	RM 11.3M	RM 17.8M	RM 22.8M
Total current assets	RM 39.6M	RM 93.8M	RM 93.8M	RM 97.3M	RM 68.0M	RM 64.5M	RM 51.5M
Property, plant & equipment (net)	RM 169,397	RM 719,357	RM 719,357	RM 749,497	RM 779,367	RM 807,072	RM 557,758
Goodwill & intangible assets	RM 0	RM 0	RM 0	RM 0	RM 0	RM 0	RM 0
Long-term investments	RM 0	RM 0	RM 0	RM 0	RM 0	RM 0	RM 0
Other non-current assets	RM 5	RM 0	RM 0	RM 2.9M	RM 2.9M	RM 2.8M	RM 2.8M
Total assets	RM 39.7M	RM 94.6M	RM 94.6M	RM 100.9M	RM 71.6M	RM 68.1M	RM 54.8M
Liabilities
Accounts payable	RM 166,981	RM 567,477	RM 567,477	RM 336,862	RM 335,408	RM 2.6M	RM 1.8M
Short-term debt	RM 16,268	RM 64,637	—	RM 60,017	RM 61,355	RM 59,338	RM 30,626
Deferred revenue	RM 12.2M	RM 9.8M	—	RM 31.0M	RM 3.7M	RM 5.4M	RM 2.6M
Total current liabilities	RM 21.9M	RM 45.9M	RM 45.9M	RM 64.1M	RM 36.6M	RM 35.1M	RM 24.7M
Long-term debt	RM 0	RM 0	RM 292,345	RM 312,857	RM 326,346	RM 341,622	RM 0
Lease obligations	—	—	RM 117,329	RM 132,055	RM 146,262	RM 160,000	—
Other long-term liabilities	RM 84,470	RM 378,673	RM 86,328	RM 102,061	RM 117,276	RM 132,021	RM 357,487
Total liabilities	RM 22.0M	RM 46.2M	RM 46.2M	RM 64.5M	RM 37.1M	RM 35.6M	RM 25.0M
Shareholders' equity
Common stock & paid-in capital	RM 3,770	RM 7,213	—	RM 6,263	RM 6,263	RM 6,263	RM 6,263
Retained earnings (deficit)	RM 7.2M	RM 35.2M	RM 35.2M	RM 36.2M	RM 34.3M	RM 32.3M	RM 29.5M
Minority interest	—	—	RM 10	RM 7	RM 11	—	—
Total shareholders' equity	RM 17.7M	RM 48.3M	RM 48.3M	RM 36.4M	RM 34.6M	RM 32.5M	RM 29.8M
Key figures
Total debt	RM 100,738	RM 443,311	RM 292,345	RM 474,935	RM 504,977	RM 532,981	RM 388,113
Net cash (debt)	RM 8.1M	RM 28.9M	RM 29.1M	RM 22.4M	RM 22.1M	RM 17.8M	RM 8.2M
Working capital	RM 17.7M	RM 48.0M	RM 48.0M	RM 33.2M	RM 31.4M	RM 29.4M	RM 26.8M
Tangible book value	RM 17.7M	RM 48.3M	RM 48.3M	RM 36.4M	RM 34.6M	RM 32.5M	RM 29.8M
Shares outstanding	1.0M	542K	16.2M	16.2M	16.2M	16.2M	—
Current ratio	1.81	2.05	2.05	1.52	1.86	1.84	2.09
Quick ratio	1.81	1.32	1.32	0.41	1.55	1.33	1.16
Debt / equity	0.01	0.01	0.01	0.01	0.01	0.02	0.01
Equity / assets	44.7%	51.1%	51.1%	36.1%	48.3%	47.8%	54.3%

Quarterly columns are labeled by the month the quarter ended. Figures in MYR as reported (latest annual report filed May 15, 2026); data from EODHD.

MGN financial position

At the end of fiscal 2025 (December 31, 2025), Megan had total assets of RM 94.6 million (up 32.0% from a year earlier), total liabilities of RM 46.2 million and shareholders' equity of RM 48.3 million. It held RM 29.4 million in cash and short-term investments against RM 0.4 million of debt, a net cash position of RM 28.9 million. Its current ratio was 2.05. In the latest quarter (ended June 30, 2026) total assets were RM 39.7 million and equity RM 17.7 million.

Related: MGN income statement, MGN cash flow statement, MGN key metrics. See the MGN stock overview for the latest quote and news.

MGN balance sheet FAQ

What are Megan's total assets?

Megan reported total assets of RM 94.6 million at the end of fiscal 2025 (December 31, 2025), compared with RM 71.6 million a year earlier.

How much debt does Megan have?

Megan had RM 0.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.

How much cash does Megan have?

Megan held RM 29.4 million in cash and short-term investments at the end of fiscal 2025; with RM 0.4 million of debt that is net cash of RM 28.9 million.

What is Megan's book value?

Megan's shareholders' equity (book value) was RM 48.3 million at the end of fiscal 2025.

What is Megan's current ratio?

Megan had current assets of RM 93.8 million and current liabilities of RM 45.9 million, a current ratio of 2.05 (it can cover its short-term obligations).