PROPERTY developer Matrix Concepts Holdings Berhad began the financial year ending 31 March 2027 on a strong footing, delivering an 11.0% growth in revenue to RM315.6m for the first quarter ended, from RM284.3m in the corresponding quarter last year.
Profit after tax and minority interests (PATMI) stood at RM60.2 million, easing slightly from RM62.9 million last year due to the absence of a one-off RM6.1 million investment gain, alongside planned marketing expenses incurred for new developments.
These investments successfully translated into robust operational momentum.
The Group launched RM586.4 million worth of new projects during the quarter, as well as recorded a 9.2% increase in new property sales to RM416.7 million. Property development remained the primary engine, contributing RM296.0 million or 93.8% of total Group revenue. Within Negeri Sembilan, the core township Sendayan Developments drove overall performance with RM235.3 million in new sales and RM176.7 million in revenue.
Concurrently, Malaysia Vision Valley (MVV) City emerged as the Group’s next major growth catalyst, capturing RM96.8 million in sales and RM21.3 million in revenue.
Driven by strong market uptake for its initial industrial offerings, MVV City’s 2,382-acre integrated masterplan is expected to broaden the Group’s earnings base, supported by its strategic proximity to Kuala Lumpur and the Kuala Lumpur International Airport (KLIA).
The Group Chairman, Datuk Mohamad Haslah bin Mohamad Amin, said the company’s geographic diversification beyond Negeri Sembilan accelerated during the quarter, driven by strong performances across its expanded central and southern footprint.
Founder and Group Executive Deputy Chairman Datuk Seri Lee Tian Hock, Mohamad Haslah and Group Managing Director Kelvin Lee Chin Chuan
“In the Klang Valley, Levia Residence generated RM37.4 million in sales, lifting its quarterly revenue by 98.0% to RM52.7 million.
“Furthermore, as the Group expands its presence in Selangor, the newly integrated Horizon developments within the Sepang and Banting growth corridors contributed RM15.2 million in sales and RM18.3 million in revenue,” he said.
In Johor, Bandar Seri Impian captured RM32.0 million in sales and boosted its revenue by 42.2% to RM21.8 million, benefiting directly from enhanced ETS rail connectivity, which has revitalised southern buyer demand.
Moving beyond property development, the Group is also actively expanding its recurring income base.
The education, hospitality, healthcare, and newly introduced building materials divisions contributed a combined RM19.6 million in quarterly revenue. – August 24, 2026
