Research analysts covering Founder Group.
Recent press releases and 8-K filings for FGL.
FGL Secures Convertible Note Financing
FGL
Debt Issuance
Convertible Preferred Issuance
New Projects/Investments
- Founder Group Limited (FGL) entered into a Securities Purchase Agreement with Streeterville Capital, LLC on December 11, 2025, for a secured convertible promissory note.
- The key financial terms of the note are detailed below: | Metric | Q3 2025 | |---|---| | Original Principal Amount ($USD) | $16,070,000.00 | | Original Issue Discount ($USD) | $1,050,000.00 | | Transaction Expense Amount ($USD) | $20,000.00 | | Purchase Price ($USD) | $15,000,000.00 | | Payment to Company ($USD) | $3,000,000.00 | | Payment to Deposit Account ($USD) | $12,000,000.00 | | Interest Rate (%) | 6% | | Class A Ordinary Shares to be Registered (Shares) | 230,000,000 |
- The note is secured by a Deposit Account Control Agreement (DACA) for funds held by FGL's subsidiary, Founder Capital, LLC, a guaranty from Founder Capital, LLC, and a pledge of equity interests in Founder Capital.
- FGL is obligated to file a registration statement on Form F-1 within 30 days of December 11, 2025, to register the Class A Ordinary Shares for the investor's resale.
Dec 18, 2025, 9:01 PM
Founder Group Limited Reports H1 2025 Financial Results
FGL
Earnings
Revenue Acceleration/Inflection
Debt Issuance
- Founder Group Limited reported a significant 82% increase in total revenue to RM55,465,994 (USD13,167,002) for the six months ended June 30, 2025, primarily driven by a 76% rise in contract services revenue.
- Despite revenue growth, the company recorded a net loss of RM1,929,598 (USD458,063) for the six months ended June 30, 2025, mainly due to higher administrative expenses, including one-off legal and professional fees related to corporate exercises and fund-raising activities.
- The company experienced negative net cash used in operating activities of RM15,595,665 (USD3,702,233) for the six months ended June 30, 2025, primarily due to the settlement of other payables related to solar PV assets.
- The debt-to-equity ratio increased to 2.50 as of June 30, 2025, up from 1.78 as of December 31, 2024, with total debts reaching RM43,276,878 (USD10,273,443).
- Founder Group Limited operates as an EPCC solutions provider for solar photovoltaic (PV) facilities in Malaysia, focusing on large-scale solar (LSS) and commercial and industrial (C&I) projects, with a strategy to expand into Southeast Asian markets like Vietnam and the Philippines.
Nov 21, 2025, 9:15 PM
Founder Group Limited Announces Landmark Solar-Plus-Storage Project and Green Data Centre Park in Sarawak
FGL
New Projects/Investments
- Founder Group Limited (FGL) announced on September 26, 2025, the execution of a Heads of Agreement with PLANET QEOS SDN. BHD. for the joint development of a large-scale renewable energy facility and a Green Data Centre Park in Sarawak, Malaysia.
- The project has an estimated value of up to RM1.16 billion [USD276 million] and includes a 310 MWp ground-mounted solar photovoltaic (PV) power plant and a 620 MWh Battery Energy Storage System (BESS).
- FGL expects to hold 45% equity interests in the special purpose vehicle (SPV) to be jointly established for the project, which also involves the development of a 200 MW Tier-4 Green Data Centre Park.
Oct 16, 2025, 8:01 PM
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