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FGL · NASDAQ · Engineering & Construction

Founder Group

Builds utility-scale and commercial rooftop solar systems in Malaysia.

$0.1390
After-hours close−0.01 (−8.49%)
At close$0.1519(−14.66%)
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Profile

Founder Group Limited Ordinary SharesFGLIndustrials

Sells solar-PV EPCC services and mounting components across Malaysian utility-scale and commercial rooftop projects, earning mainly contract revenue. An owned solar plant adds a small recurring power-sales model, while operations remain concentrated in Malaysia and governed through dual-class shares.

Provides end-to-end solar photovoltaic engineering, procurement, construction, and commissioning services in Malaysia. Large-scale solar projects, usually performed for project awarders or main contractors, sit alongside commercial and industrial rooftop systems where it generally contracts directly with owners. Contract services drive most revenue, while mounting structures and accessories are also sold.

Coordinates design, engineering, procurement, civil, mechanical, and electrical work, installation, grid integration, testing, commissioning, and handover, supported by in-house engineers and external contractors. A completed owned solar plant provides a small power-purchase-agreement income stream, while residential solar and a minority EV-charging holding remain outside reported segments. Operations depend on Malaysian solar policy, licenses and grid programs, project timing and customer concentration, contractor and supplier availability, financing, and the dual-class governance structure.

Company facts

CEOLee Seng Chi
ListedOct 23, 2024
ExchangeNASDAQ
HeadquartersKlang, Malaysia
CountryMalaysia
Employees76
CIK0001989930
ISINVGG3662E1218

Key statistics

Market cap$161.4K
EPS (ttm)−$6.17
P/E (ttm)−0.0249
ROE-32.8%
P/B0.0064
P/S0.0054
Dividend yield
Beta1.32vs XLI −1.04

Year to date −99.1% · Average volume (30d) 6.0M

Analysts

No analyst consensus on record.

Earnings

Not reported.

Financial highlights

6 quartersQ4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q4 FY25
Revenue$8.5M$17.1M$9.9M$7.5M$7.4M$16.2M
Gross profit$1.0M$2.1M$4.0M$511.6K$1.4M$2.0M
Operating income$499.4K$1.0M$2.5M−$318.2K−$1.3M−$408.7K
Net income$328.1K$686.6K$1.6M−$424.3K−$1.2M−$1.4M
Diluted EPS$0.02$4.06$9.63−$2.51−$6.85−$0.02
Gross margin11.7%12.1%40.5%6.8%19.4%12.4%
Operating margin5.8%6.1%25.8%-4.2%-17.8%-2.5%

Balance sheet, Dec 31, 2025Cash & short-term investments $19.9M · Total debt $31.9M · Total assets $47.2M · Shareholders' equity $7.5M

Dividends

No dividends on record.

Ownership

Institutions 0.40%4.2K sharesInsiders 18.43%194.0K sharesOther 81.17%854.2K shares

Shares outstanding 1.05M · Float 854.1K · 81.2% free float

A split settled inside the quarter being compared, so quarter-on-quarter change is not shown.

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
HRT Financial LP · 10 percent owner355.5K33.78%Form 4Aug 28, 2026
Seng Chi Lee · director, officer: CHIEF EXECUTIVE OFFICER138.2K13.13%Form 4Aug 24, 2026
Marex Financial54.4K5.20%13GAug 27, 2026
Chiet Chai Thien · director54.2K5.15%Form 4Aug 24, 2026
UBS Group AG4.2K0.40%13FMay 5, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 27, 2026HRT Financial LP10 percent owner+93,151$0.1710
Aug 26, 2026HRT Financial LP10 percent owner−15,788$0.2240
Aug 25, 2026HRT Financial LP10 percent owner+232,055$0.2250
Aug 24, 2026HRT Financial LP10 percent owner−71,987$0.2780
Aug 21, 2026HRT Financial LP10 percent owner+76,711$0.2650
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Peers

Not reported.