Founder Group
Builds utility-scale and commercial rooftop solar systems in Malaysia.
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Profile
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
Categories
Key statistics
Year to date −99.1% · Average volume (30d) 6.0M
Analysts
No analyst consensus on record.
Earnings
Not reported.
Financial highlights
| 6 quarters | Q4 FY22 | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q4 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 margin | 11.7% | 12.1% | 40.5% | 6.8% | 19.4% | 12.4% | |
| Operating margin | 5.8% | 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
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
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| HRT Financial LP · 10 percent owner | 355.5K | 33.78% | Form 4 | Aug 28, 2026 |
| Seng Chi Lee · director, officer: CHIEF EXECUTIVE OFFICER | 138.2K | 13.13% | Form 4 | Aug 24, 2026 |
| Marex Financial | 54.4K | 5.20% | 13G | Aug 27, 2026 |
| Chiet Chai Thien · director | 54.2K | 5.15% | Form 4 | Aug 24, 2026 |
| UBS Group AG | 4.2K | 0.40% | 13F | May 5, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | HRT Financial LP | 10 percent owner | +93,151 | $0.1710 |
| Aug 26, 2026 | HRT Financial LP | 10 percent owner | −15,788 | $0.2240 |
| Aug 25, 2026 | HRT Financial LP | 10 percent owner | +232,055 | $0.2250 |
| Aug 24, 2026 | HRT Financial LP | 10 percent owner | −71,987 | $0.2780 |
| Aug 21, 2026 | HRT Financial LP | 10 percent owner | +76,711 | $0.2650 |
Peers
Not reported.


