SEREMBAN-based property developer Matrix Concepts Holdings Berhad reported a 18.8% growth in new property sales to RM381.5 million for the first quarter ended 30 June 2025 (1Q26), from RM321.3 million in the corresponding quarter last year.
This was driven by solid contribution from its flagship Sendayan Developments and its next growth catalyst, Malaysia Vision Valley (MVV) City project.
The Group’s flagship Sendayan Developments, a consistent bedrock of its growth, maintained sturdy traction with a mix of residential and commercial properties accounting for RM174.4 million, or 45.7% of total new 1Q26 new sales.
This was complemented by the MVV City project, which made a significant contribution with RM142.4 million in industrial land sales, being the first stage of its long-term strategy.
The remaining RM64.7 million in new sales originated from other key projects, including its high-rise development, Levia Residence in Cheras, and its township development in Johor, Bandar Seri Impian.
Overall, property development constituted 94.4% of group revenue for 1Q26. Contribution from residential projects remained steady at RM248.0 million, a slight increase from RM247.3 million, while commercial projects rose 79.5% to RM20.3 million from RM11.3 million previously.
In addition, the higher group revenue was supported by stable contribution from the Group’s other business units, encompassing education, hospitality, and healthcare.
Together, the business units made up 5.6% of group revenue, generated RM16.0 million in 1Q26, a 1.3% decrease from RM16.2 million previously.
Datuk Mohamad Haslah Mohamad Amin, who is the Chairman of MCHB said the Group’s robust performance has translated into a strong outlook, supported by unbilled
sales totalling RM1.49 billion as at 31 March 2025, providing healthy earnings visibility for the next 15 to 18 months.
Reaffirming its dedication to shareholders, the Group has declared a first interim dividend of 1.75 sen per share for the year ending 31 March 2026, with an ex-dividend date of 19 September 2025 and payment on 9 October 2025.
This distribution totals RM32.8 million, equivalent to 51.1% of the Group’s 1Q26 net profit after tax. – August 27, 2025
