Founder Group Limited (FGL) Income Statement
FGL 2025 at a glance
Fiscal year ended December 31, 2025 · MYRFGL revenue and net income
Where FGL's revenue goes
2025Each bar shows an amount and its share of revenue. FGL kept −6.4% of revenue as net income.
FGL profit margins
FGL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +33.6% | +68.6% | — | — |
| Gross profit | +123.9% | +64.1% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FGL income statement in MYR
| 2025 | 2024 | 2023 | 2021 | |
|---|---|---|---|---|
| Revenue | RM 120.7M | RM 90.3M | RM 148.1M | RM 25.2M |
| Cost of revenue | RM 106.7M | RM 84.1M | RM 130.2M | RM 22.0M |
| Gross profit | RM 14.0M | RM 6.2M | RM 17.9M | RM 3.2M |
| Sales, general & admin | RM 14.9M | RM 7.1M | RM 5.5M | RM 788,700 |
| Total operating expenses | RM 16.3M | RM 11.9M | RM 6.7M | RM 788,700 |
| Operating income | −RM 2.3M | −RM 5.6M | RM 11.2M | RM 2.4M |
| Interest income | RM 239,943 | RM 102,605 | RM 47,255 | RM 435 |
| Interest expense | RM 5.4M | RM 2.1M | RM 1.5M | RM 5,862 |
| Income before taxes | −RM 5.7M | −RM 5.7M | RM 9.8M | RM 2.6M |
| Income taxes | RM 2.1M | −RM 500,444 | RM 2.6M | RM 724,875 |
| Net income | −RM 7.8M | −RM 5.2M | RM 7.1M | RM 1.9M |
| EBITDA | RM 2.3M | −RM 2.8M | RM 11.4M | RM 3.0M |
| Gross margin | 11.6% | 6.9% | 12.1% | 12.6% |
| Operating margin | −1.9% | −6.2% | 7.5% | 9.4% |
| Net margin | −6.4% | −5.7% | 4.8% | 7.6% |
| Mar '26 | Sep '25 | Mar '25 | Sep '24 | Jun '24 | Dec '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | RM 65.2M | RM 55.5M | RM 30.0M | RM 39.7M | RM 30.4M | RM 132.6M | RM 68.7M | RM 34.4M |
| Cost of revenue | RM 57.1M | RM 49.6M | RM 78.1M | RM 116.6M | RM 28.3M | RM 116.6M | RM 60.7M | RM 30.3M |
| Gross profit | RM 8.1M | RM 5.9M | RM 5.8M | RM 16.1M | RM 2.1M | RM 16.1M | RM 8.3M | RM 4.0M |
| Sales, general & admin | — | — | RM 6.4M | RM 4.6M | — | RM 5.5M | — | — |
| Total operating expenses | RM 9.8M | RM 6.5M | RM 4.2M | RM 1.3M | RM 3.3M | RM 5.8M | RM 4.0M | RM 2.0M |
| Operating income | −RM 1.6M | −RM 480,184 | −RM 5.3M | RM 10.3M | −RM 1.3M | RM 10.3M | RM 4.2M | RM 2.0M |
| Interest expense | RM 3.0M | RM 2.4M | RM 1.9M | RM 1.4M | RM 764,961 | RM 1.4M | RM 540,207 | RM 258,121 |
| Income before taxes | −RM 3.9M | −RM 1.8M | −RM 5.3M | RM 9.0M | −RM 1.9M | RM 9.0M | RM 3.6M | RM 1.8M |
| Income taxes | RM 2.0M | RM 148,668 | −RM 464,453 | RM 2.4M | −RM 169,697 | RM 2.4M | RM 1.0M | RM 481,070 |
| Net income | −RM 5.8M | −RM 1.9M | −RM 4.8M | RM 6.6M | −RM 1.7M | RM 6.6M | RM 2.8M | RM 1.3M |
| EBITDA | −RM 459,309 | RM 2.8M | −RM 2.8M | RM 10.4M | −RM 916,633 | RM 10.4M | RM 4.4M | RM 2.1M |
| Gross margin | 12.4% | 10.6% | 19.4% | 40.5% | 6.8% | 12.1% | 12.1% | 11.7% |
| Operating margin | −2.5% | −0.9% | −17.8% | 25.8% | −4.2% | 7.7% | 6.1% | 5.8% |
| Net margin | −8.9% | −3.5% | −16.0% | 16.5% | −5.6% | 4.9% | 4.0% | 3.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in MYR as reported in FGL's financial statements (latest annual report filed April 28, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FGL financial results
In fiscal year 2025 (ended December 31, 2025), Founder reported revenue of RM 120.7 million, up 33.6% from the year before. It had a net loss of RM 7.8 million, a net profit margin of −6.4%. Figures are in MYR, the currency of its financial statements.
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FGL income statement FAQ
What is Founder's annual revenue?
Founder reported total revenue of RM 120.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 33.6% from RM 90.3 million the previous year.
Is Founder profitable?
No. Founder reported a net loss of RM 7.8 million in fiscal 2025, a net profit margin of −6.4%; its operating margin was −1.9%.
What is Founder's gross margin?
Founder's gross margin was 11.6% in fiscal 2025: for every $100 of revenue, Founder kept $12 after the direct cost of its products and services.
When does Founder's fiscal year end?
Founder's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 28, 2026.