Founder Group Limited (FGL) Key Metrics
FGL key metrics, 2021–2025
Fiscal year ended December 31, 2025 · MYRFGL returns How much profit the business earns on the capital it uses.
FGL financial health Debt, liquidity and how easily interest is covered.
FGL efficiency & capital use Working capital cycle and where the cash goes.
FGL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FGL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FGL key metrics in MYR
2021–2025| 2025 | 2024 | 2023 | 2021 | |
|---|---|---|---|---|
| Returns & profitability | ||||
| Return on equity (ROE) | −32.8% | −32.3% | 48.3% | 52.0% |
| Return on invested capital (ROIC) | −3.1% | −12.1% | 23.9% | 65.2% |
| Return on assets (ROA) | −5.1% | −5.2% | 8.5% | 19.2% |
| Return on tangible assets | −4.1% | −4.5% | 8.5% | 19.2% |
| Free cash flow margin | −34.7% | −8.2% | −12.8% | 18.5% |
| Income quality (OCF / net income) | — | — | −2.40 | 2.89 |
| Financial health | ||||
| Total debt | RM 128.2M | RM 35.8M | RM 24.9M | RM 238,007 |
| Cash & short-term investments | RM 80.2M | RM 13.9M | RM 5.6M | RM 1.3M |
| Net debt | RM 48.0M | RM 21.9M | RM 19.3M | −RM 1.1M |
| Debt / equity | 4.24 | 2.09 | 1.69 | 0.06 |
| Debt / assets | 0.68 | 0.31 | 0.30 | 0.02 |
| Net debt / EBITDA | 20.50 | — | 1.70 | −0.35 |
| Current ratio | 1.16 | 0.89 | 1.16 | 1.51 |
| Quick ratio | 1.14 | 0.86 | 1.13 | 1.41 |
| Interest coverage | -0.4 | -2.7 | 7.4 | 404.7 |
| Working capital | RM 21.9M | −RM 10.2M | RM 11.1M | RM 3.1M |
| Invested capital | RM 78.2M | RM 39.0M | RM 34.1M | RM 2.6M |
| Tangible asset value | RM 30.3M | RM 17.1M | RM 14.8M | RM 3.7M |
| Net current asset value | RM 3.9M | −RM 12.8M | RM 10.2M | RM 2.9M |
| Capital allocation | ||||
| Dividends paid | RM 0 | RM 0 | RM 0 | RM 0 |
| Dividend payout ratio | — | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | — | — | — | 0.0% |
| Capex / revenue | 0.7% | 1.4% | 1.0% | 3.5% |
| Capex / operating cash flow | — | — | — | 16.0% |
| Capex / depreciation | 0.32 | 1.64 | 4.50 | 2.46 |
| SG&A / revenue | 12.4% | 7.9% | 3.7% | 3.1% |
| Efficiency | ||||
| Days sales outstanding | 178.6 | 248.5 | 168.3 | 104.1 |
| Days of inventory on hand | 9.4 | 10.7 | 5.2 | 10.4 |
| Days payables outstanding | 78.2 | 142.8 | 107.7 | 86.0 |
| Cash conversion cycle (days) | 109.9 | 116.3 | 65.8 | 28.5 |
| Receivables turnover | 2.04 | 1.47 | 2.17 | 3.51 |
| Payables turnover | 4.67 | 2.56 | 3.39 | 4.24 |
| Inventory turnover | 38.76 | 34.23 | 69.85 | 35.23 |
| Asset turnover | 0.79 | 0.91 | 1.77 | 2.53 |
| Average receivables | RM 59.1M | RM 61.5M | RM 68.2M | RM 7.2M |
| Average payables | RM 22.9M | RM 32.9M | RM 38.4M | RM 5.2M |
| Average inventory | RM 2.8M | RM 2.5M | RM 1.9M | RM 624,786 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from FGL's annual financial statements (latest annual report filed April 28, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in MYR; data from EODHD. Averages use the opening and closing balance of each year.
FGL valuation and financial ratios
Founder earned a return on equity of −32.8% and a return on invested capital of −3.1% in fiscal 2025. It ended the year with RM 128.2 million of debt and RM 80.2 million in cash and short-term investments, net debt of RM 48.0 million.
See the FGL income statement, the FGL chart for price history, or the FGL stock overview for the latest quote and news.
FGL key metrics FAQ
What is Founder's return on equity?
Founder's return on equity (ROE) was −32.8% in fiscal 2025: net income of -RM 7.8 million on average shareholders' equity of RM 23.7 million.
What is Founder's ROIC?
Founder's return on invested capital was −3.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Founder have?
Founder had total debt of RM 128.2 million at the end of fiscal 2025, a debt-to-equity ratio of 4.24 and RM 48.0 million of net debt (20.50 times EBITDA).
Does Founder pay a dividend?
Founder did not pay a dividend in fiscal 2025.
What is Founder's current ratio?
Founder's current ratio was 1.16 at the end of fiscal 2025: current assets were 1.16 times current liabilities.