Matrix Concepts posts 4Q net profit of RM42.7m, declares 1.35 sen dividend

• On its outlook, Matrix expects strong long-term growth, supported by continued demand for Sendayan Developments; the launch of Malaysia Vision Valley City (MVV City), a 2,382-acre, RM15 billion integrated project near the planned High-Speed Rail, and ongoing success of Levia Residences in Cheras with a gross development value of RM523 million.

KUALA LUMPUR (May 28): Matrix Concepts Holdings Bhd (KL:MATRIX) reported a 30% drop in net profit to RM42.7 million for the fourth quarter ended March 31, 2025 (4QFY2025), down from RM60.6 million a year ago. The decline was due to lower revenue and higher expenses, including staff and operating costs. The company's net profit margin fell to 13.7% from 18.3%.

In a filing with Bursa Malaysia, the group said despite the lower revenue, Matrix maintained strong sales momentum with RM360.6 million in new property sales for the quarter. Sendayan contributed 88.1% (RM317.6 million). Unbilled sales stood at RM1.46 billion, supporting earnings over the next 15 to 18 months.

The company declared a 1.35 sen final dividend, bringing the full-year payout to 7.95 sen.

Quarterly revenue was down nearly 14% to RM305.2 million, from RM353.1 million.

The group’s flagship Sendayan Developments remained the main revenue contributor at RM265.4 million, but this was an 18.8% drop from 4QFY2024.

This was partly offset by Levia Residences in Kuala Lumpur, which brought in RM18.7 million, pushing Klang Valley revenue up 938.9%, thanks to strong demand and the early launch of Phase 2.

Residential and commercial properties made up 95.7% of total revenue but declined 7.9% to RM292 million.

The hospitality and education and healthcare segments showed growth, with revenue rising 6.5% to RM12.1 million for the hospitality segment, and education jumping 53.3% to RM7 million due to more student enrolment.

Healthcare, led by Mawar Medical Centre, contributed RM1 million after beginning operations in the second half of FY2024.

For the full year, net profit fell 12% to RM214.1 million, while revenue was RM1.2 billion, down from the previous year.

On its outlook, Matrix expects strong long-term growth, supported by continued demand for Sendayan Developments; the launch of Malaysia Vision Valley City (MVV City), a 2,382-acre, RM15 billion integrated project near the planned High-Speed Rail, and ongoing success of Levia Residences in Cheras with a gross development value of RM523 million.

The company's expansion into Selangor through RM77.9 million in acquisitions, targeting Sepang and Banting, is also expected to help increase revenue outside Negeri Sembilan to over 30%.

Matrix is also strengthening its land bank and township infrastructure for future growth.

It is also making progress internationally with the M Greenvale project in Australia sold out and development of M333 St Kilda underway. In Indonesia, the group completed Menara Syariah in Jakarta and is planning its next project there.

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