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- Quarterly revenue inched up 1.6% to RM284.28 million from RM279.72 million, supported by continued demand for residential and commercial properties, particularly its Levia Residence project in Kuala Lumpur.
KUALA LUMPUR (Aug 21): Seremban-based property developer Matrix Concepts Holdings Bhd’s (KL:MATRIX) net profit rose 3.7% year-on-year in the first financial quarter from last year, boosted by stronger property sales and lower selling and marketing expenses.
Net profit for the three months ended June 30, 2025 (1QFY2026) was RM62.94 million, compared with RM60.69 million in the same quarter a year ago, Matrix said in a filing with Bursa Malaysia on Thursday.
Quarterly revenue inched up 1.6% to RM284.28 million from RM279.72 million, supported by continued demand for residential and commercial properties, particularly its Levia Residence project in Kuala Lumpur.
The group's flagship Sendayan developments in Seremban, Negeri Sembilan remained the main revenue contributor, generating RM226.4 million or 79.7% of total revenue during the quarter.
Matrix declared an interim dividend of 1.75 sen per share for 1QFY2026—down from 2.50 sen per share it declared in the same quarter last year—to be paid on Oct 9, with an ex-date of Sept 18.
The group’s unbilled sales stood at RM1.5 billion at end-June, providing earnings visibility for the next 15 to 18 months, the group noted.
“Looking ahead, the group is well positioned to deliver continued growth, supported by resilient demand—particularly for its flagship Sendayan developments,” it said.
“The group is also poised to unlock long-term value through its next catalytic development: Malaysia Vision Valley City (MVV City) in Negeri Sembilan,” it noted.
MVV City, a 2,382-acre development with an estimated RM15 billion gross development value, is scheduled for launch by the end of FY2026.
The group recently completed the acquisition of three companies to expand its footprint in the Sepang and Banting corridors of Selangor, aiming to boost revenue contribution from outside Negeri Sembilan to over 30%.
Internationally, Matrix said it is progressing with its mixed-use development in Melbourne (M333 St Kilda), following the successful completion of its M.Greenvale project.
The group has also completed its maiden project in Indonesia—Menara Syariah in Pantai Indah Kapuk 2 in Jakarta—and is preparing for its next launch in the market.
“Overall, the group’s multi-pronged growth strategy is expected to contribute positively to its financial performance for the year ending March 31, 2026,” it added.
At Thursday's noon break, shares in Matrix were traded one sen or 0.76% lower at RM1.30, valuing the group at RM2.44 billion.
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