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    Regulated Electric
Mega First Corporation Berhad

Mega First Corporation Berhad

3069.KL
Mega First Corporation BerhadMY flagMalaysian Stock Exchange
3.00
MYR
-0.14
- -
2.83BMarket Cap
Mega First Corporation Berhad
3069.KL
(Malaysian Stock Exchange)

Recent

price

3.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1
1.18
1.24
1.24
1.32
1.02
0.85
1.08
1.12
0.87
0.84
0.97
1.42
1.4
1.85
1.51
1.47
Revenue per Share
0.12
0.14
0.11
0.15
0.14
0.13
0.17
0.18
0.17
0.19
0.35
0.49
0.42
0.41
0.49
0.41
0.41
Basic EPS, GAAP
0.09
0.15
0.2
0.14
0.19
0.15
0.11
0.11
-0.01
0.02
0.26
0.38
0.44
0.39
-0.27
0.59
0.58
Free Cash Flow per Basic Share
0.02
0.03
0.03
0.03
0.03
0.03
0.04
0.03
0.02
0.01
0.06
0.07
0.07
0.08
0.09
0.09
0.05
Dividend per Share
0.46
0.47
0.47
0.48
0.48
0.42
0.57
0.68
0.69
0.74
0.82
2.48
2.83
3.13
3.53
3.85
3.84
Book Value per Share
1.27
1.4
1.37
1.48
1.57
1.46
1.34
0.52
-0.18
-0.43
0.25
0.8
1.19
1.09
1.03
1.36
1.43
Tangible Book Value per Share
523
519
512
508
508
580
706
768
783
805
910
947
945
944
943
942
942
Basic Weighted Avg Shares
523
611
635
629
672
589
601
833
874
702
767
915
1,340
1,318
1,742
1,420
1,385
Sales/Revenue/Turnover
24.25
23.92
21
25.01
23.47
25.98
23.91
23.05
23.47
28.04
53.66
47.94
39.63
42.65
37.2
38.72
39.25
Operating Margin (%)
25
27
29
31
32
37
52
47
16
21
103
111
127
132
144
137
- -
Depreciation Expense
65
75
58
74
70
74
121
138
129
154
321
462
397
384
459
387
387
Net Income, GAAP
18.08
20.36
27.45
30.8
29.88
27.03
16
18
19.2
6.36
2.85
1.65
3.03
5.27
3.59
4.84
5.27
Effective Tax Rate (%)
12.46
12.3
9.12
11.78
10.39
12.62
20.1
16.61
14.79
21.89
41.88
50.55
29.62
29.12
26.36
27.26
27.9
Profit Margin (%)
134
230
188
221
283
321
441
41
-111
-804
191
397
603
540
14
52
172
Working Capital
9
9
7
7
22
29
24
119
495
38
543
520
410
476
539
382
390
LT Debt
676
738
746
823
886
987
1,343
1,369
1,526
1,712
2,166
2,740
3,191
3,224
3,544
3,554
3,592
Total Equity
13.6
14.18
11.82
12.78
11.76
10.5
9.38
10.38
8.91
8.04
15.16
13.62
13.93
13.42
14.27
11.26
11.29
Return on Invested Capital (%)
6.92
8.03
5.31
9.52
7.42
8.65
14.93
14.91
10.7
9.68
17.69
16.05
9.4
8.93
11.12
8.65
12.18
Return on Capital (%)
27.08
31
23.91
30.55
28.8
30.54
37.42
29.88
24.28
27.1
48.07
29.89
15.78
13.63
14.62
11.11
17.73
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
608
658
555
LT Borrowings
477
375
382
LT Finance Leases
8
7
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
942
942
942
Market Capitalization
3,581
3,176
2,695

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
917
938
947
Cash, Cash Equivalents & STI
444
438
495
Accounts Receivable, Net
312
205
242
Inventories
161
169
178
Total Current Liabilities
929
886
774
Payables & Accruals
- -
- -
- -
ST Debt
608
658
555
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.24%
10.85%
0.28%
Free Cash Flow
78.01%
-85.32%
-317.37%
Net Income, GAAP
22.89%
6.08%
-15.72%
Sales/Revenue/Turnover
11.3%
15.55%
-18.5%
Total Cash Common Dividend
60.95%
8.95%
5.68%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
313
332
372
724
1,742
2025
340
340
384
356
1,420
2026
305
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.11
0.12
0.15
0.49
2025
0.07
0.09
0.13
0.13
0.41
2026
0.07
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.05
0.09
2025
- -
- -
- -
0.05
0.09
2026
- -
- -
- -
- -
- -
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Business
Mega First Corporation Berhad, an investment holding company listed on Bursa Malaysia's Main Market (ticker: 3069), engages primarily in renewable energy, packaging, and resources businesses through its subsidiaries. The company operates three core divisions: Renewable Energy builds, owns, and operates power plants, including the 325 MW run-of-river Don Sahong Hydropower Project (DSHP) in Laos with five 65 MW turbines generating approximately 2,300 GWh annually mainly for export to Cambodia, and solar photovoltaic (PV) projects via MFP Solar Sdn Bhd offering CAPEX-free commercial and industrial solutions with 31.3 MWp installed capacity and 63.2 MWp under development in Malaysia and the Maldives; Resources quarries limestone and manufactures high-purity quicklime, hydrated lime, calcium carbonate powder, and bricks through subsidiaries like RCI Lime Sdn Bhd, Cheng Sun Industries Sdn Bhd, and Anting Sendirian Berhad, exporting two-thirds of production across Asia-Pacific; Packaging produces printed labels, stickers, paper bags, flexible packaging materials, biaxially oriented polypropylene (BOPP) films, and linear low-density polyethylene (LLDPE) films via Hexachase Group (Hexachase Labels, Packaging, Flexipack) and Stenta Films, serving food and beverages, FMCG, electronics, and retail industries in over 20 countries. Additional activities encompass food security through farming and wholesaling fruits and vegetables; property development and investment; and other ventures including medical centres and automotive components. Incorporated in 1966 and headquartered in Petaling Jaya, Selangor, Malaysia, the group maintains primary operations in Malaysia and Lao PDR, with presence in Cambodia, Maldives, China, India, Australia, and New Zealand. Recent developments include the July 2024 commissioning of DSHP's fifth turbine; December 2024 signing of a 25-year Supplemental Concession Agreement with Lao PDR government and Supplemental Power Purchase Agreement with Electricité Du Laos extending to 2049 with revised tariff and take-or-pay terms; May 2024 acquisition of 40% effective stake in CSC Agriculture Holdings Sdn Bhd group adding over 1,100 acres of farmland in Johor and Pahang; 2024 expansions at Stenta completing a new LLDPE factory boosting capacity to 35,000 tonnes annually, Hexachase Packaging adding high-speed machines and warehouse space, and Hexachase Flexipack inaugurating a facility to double output to 20,000 tonnes; plus initiation of 51 MWp and 11.4 MWp solar projects slated for 2025 completion.