Malaysian Resources Corporation (1651) - Net Assets

Latest as of December 2025: RM4.72 Billion MYR ≈ $1.18 Billion USD

Based on the latest financial reports, Malaysian Resources Corporation (1651) has net assets worth RM4.72 Billion MYR (≈ $1.18 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM9.46 Billion ≈ $2.37 Billion USD) and total liabilities (RM4.74 Billion ≈ $1.19 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore 1651 current and non-current assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM4.72 Billion
% of Total Assets	49.9%
Annual Growth Rate	9.97%
5-Year Change	12.36%
10-Year Change	74.44%
Growth Volatility	17.95

Malaysian Resources Corporation - Net Assets Trend (2012–2025)

This chart illustrates how Malaysian Resources Corporation's net assets have evolved over time, based on quarterly financial data. Check Malaysian Resources Corporation tangible book value ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Malaysian Resources Corporation (2012–2025)

The table below shows the annual net assets of Malaysian Resources Corporation from 2012 to 2025. For live valuation and market cap data, see market value of Malaysian Resources Corporation.

Year	Net Assets	Change
2025-12-31	RM5.10 Billion ≈ $1.28 Billion	+10.42%
2024-12-31	RM4.62 Billion ≈ $1.16 Billion	+0.45%
2023-12-31	RM4.60 Billion ≈ $1.15 Billion	+1.39%
2022-12-31	RM4.54 Billion ≈ $1.14 Billion	-0.08%
2021-12-31	RM4.54 Billion ≈ $1.14 Billion	-0.44%
2020-12-31	RM4.56 Billion ≈ $1.15 Billion	-4.91%
2019-12-31	RM4.80 Billion ≈ $1.20 Billion	-0.75%
2018-12-31	RM4.83 Billion ≈ $1.21 Billion	+0.32%
2017-12-31	RM4.82 Billion ≈ $1.21 Billion	+64.71%
2016-12-31	RM2.92 Billion ≈ $734.27 Million	+26.44%
2015-12-31	RM2.31 Billion ≈ $580.72 Million	+12.01%
2014-12-31	RM2.06 Billion ≈ $518.45 Million	+18.88%
2013-12-31	RM1.74 Billion ≈ $436.10 Million	+17.13%
2012-12-31	RM1.48 Billion ≈ $372.33 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Malaysian Resources Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 216.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM262.74 Million	5.69%
Common Stock	RM4.36 Billion	94.31%
Other Comprehensive Income	RM-51.00K	0.00%
Total Equity	RM4.62 Billion	100.00%

Malaysian Resources Corporation Competitors by Market Cap

The table below lists competitors of Malaysian Resources Corporation ranked by their market capitalization.

Company	Market Cap
Tianjin Saixiang Technology Co Ltd SHE:002337	$381.57 Million
Vinh Son Song Hinh Hydropower JSC VN:VSH	$381.92 Million
Lets Holding Group Co Ltd SHE:002398	$382.01 Million
Shanghai Xujiahui Commercial Co Ltd SHE:002561	$382.07 Million
Beijing Jingxi Culture&Tourism Co Ltd SHE:000802	$381.32 Million
Lumina Gold Corp V:LUM	$381.31 Million
Miwon Commerci KO:002840	$381.25 Million
Shape Australia Corporation Ltd AU:SHA	$381.16 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Malaysian Resources Corporation's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,614,698,000 to 4,618,792,000, a change of 4,094,000 (0.1%).
Net income of 47,319,000 contributed positively to equity growth.
Dividend payments of 44,675,000 reduced retained earnings.
Other comprehensive income decreased equity by 51,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM47.32 Million	+1.02%
Dividends Paid	RM44.67 Million	-0.97%
Other Comprehensive Income	RM-51.00K	-0.0%
Other Changes	RM1.50 Million	+0.03%
Total Change	RM-	0.09%

Book Value vs Market Value Analysis

This analysis compares Malaysian Resources Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.33x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	RM1.36	RM0.34	x
2017-12-31	RM1.10	RM0.34	x
2018-12-31	RM1.10	RM0.34	x
2019-12-31	RM1.08	RM0.34	x
2020-12-31	RM1.03	RM0.34	x
2021-12-31	RM1.01	RM0.34	x
2022-12-31	RM1.01	RM0.34	x
2023-12-31	RM1.03	RM0.34	x
2024-12-31	RM1.03	RM0.34	x
2025-12-31	RM1.03	RM0.34	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Malaysian Resources Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 1.02%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.95%
• Asset Turnover: 0.13x
• Equity Multiplier: 2.05x
Recent ROE (1.02%) is below the historical average (2.93%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	14.60%	19.45%	0.24x	3.14x	RM103.99 Million
2016	9.14%	11.10%	0.32x	2.57x	RM-25.10 Million
2017	3.36%	6.13%	0.26x	2.14x	RM-319.81 Million
2018	2.09%	5.41%	0.22x	1.73x	RM-382.08 Million
2019	0.50%	1.80%	0.16x	1.77x	RM-452.80 Million
2020	-3.90%	-14.79%	0.14x	1.83x	RM-632.44 Million
2021	0.35%	1.09%	0.16x	2.04x	RM-435.43 Million
2022	1.43%	2.02%	0.35x	2.04x	RM-388.27 Million
2023	2.20%	3.98%	0.29x	1.93x	RM-358.38 Million
2024	1.38%	3.87%	0.18x	2.01x	RM-397.80 Million
2025	1.02%	3.95%	0.13x	2.05x	RM-414.56 Million

Industry Comparison

This section compares Malaysian Resources Corporation's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $118,475,176
Average return on equity (ROE) among peers: -16.20%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Malaysian Resources Corporation (1651)	RM4.72 Billion	14.60%	1.00x	$381.36 Million
Southern Score Builders Berhad (0045)	$148.98 Million	16.99%	0.33x	$305.26 Million
Ecobuilt Holdings Bhd (0059)	$109.90 Million	-11.02%	1.00x	$4.23 Million
Mega Sun City Holdings Bhd (0081)	$56.55 Million	-19.31%	0.04x	$2.97 Million
Waja Konsortium Bhd (0102)	$36.86 Million	-117.43%	0.45x	$14.00 Million
Kelington Group Bhd (0151)	$338.39 Million	30.77%	2.17x	$1.51 Billion
Widad Group Bhd (0162)	$27.35 Million	5.83%	1.21x	$11.75 Million
Pasukhas Group Bhd (0177)	$63.49 Million	-17.20%	1.27x	$3.59 Million
HSS Engineers Bhd (0185)	$212.92 Million	-48.30%	0.77x	$56.17 Million
Cabnet Holdings Bhd (0191)	$43.50 Million	-10.37%	0.51x	$9.20 Million
Inta Bina Group Bhd (0192)	$146.80 Million	8.03%	1.63x	$59.42 Million

About Malaysian Resources Corporation

KLSE:1651 Malaysia Engineering & Construction

Market Cap

$381.36 Million

RM1.52 Billion MYR

Market Cap Rank

#13657 Global

#151 in Malaysia

Share Price

RM0.34

Change (1 day)

+0.00%

52-Week Range

RM0.27 - RM0.57

All Time High

RM1.27