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Megan Holdings Limited ( (MGN) ) just unveiled an update.
On January 15, 2026, Megan Holdings Limited reported unaudited interim results for the six months ended June 30, 2025, showing revenue of MYR 13.9 million (US$3.3 million), down from MYR 29.3 million a year earlier, as major projects for the development of new aquaculture and agriculture farms were completed in 2024. Despite the sharp top-line decline and a shift in its revenue mix to almost entirely farm-upgrading services, the company remained profitable, posting net income of MYR 1.88 million (US$0.45 million) versus MYR 2.73 million in the prior-year period, aided in part by a reversal of expected credit loss allowances; the results highlight a transition from new-build contracts to upgrade work, with implications for the scale and trajectory of future growth.
More about Megan Holdings Limited
Megan Holdings Limited, based in Kuala Lumpur, Malaysia, operates in the aquaculture and agriculture infrastructure sector, focusing on designing, developing and upgrading aquaculture and agriculture farms, as well as limited sales of related industrial supplies. The company typically wins projects via tenders or corporate negotiations in Malaysia and delivers turnkey farm solutions that integrate irrigation, earthwork, water discharge and electrical systems over development periods of six to 18 months, recognizing revenue primarily on a percentage-of-completion basis.
Average Trading Volume: 248,836
Current Market Cap: $29.9M
Find detailed analytics on MGN stock on TipRanks’ Stock Analysis page.