Matrix Concepts' 3Q profit climbs 15.5% on stronger revenue recognition, take-ups

KUALA LUMPUR (Feb 27): Matrix Concepts Holdings Bhd (KL:MATRIX) logged a 15.5% rise in net profit for the third quarter from a year earlier, thanks to stronger revenue recognition and project take-up.

Net profit for the three months ended Dec 31, 2025 (3QFY2026) rose to RM50.04 million or from RM43.32 million a year earlier, according to the property developer’s bourse filing on Thursday.

Earnings growth was driven by the Levia Residence, its second high-rise project in KL, which saw a surge in contribution thanks to strong take-up rates. Further help came from higher contributions from its flagship township, Sendayan Developments, and the Bandar Seri Impian development. 

It declared a third interim dividend of 1.35 sen per share, payable on April 9. Quarterly revenue climbed 31.8% to RM370.14 million from RM280.93 million previously.

For the nine months ended Dec 31, 2025 (9MFY2026), net profit rose 5.4% to RM180.62 million from RM171.43 million in the same period a year earlier as revenue jumped 19.2% to RM1.05 billion from RM881.69 million previously.

Anchored by resilient demand for its flagship Sendayan Developments, Matrix said it is well-positioned to sustain its growth trajectory.

Meanwhile, the group anticipates a “healthy uplift” in unbilled sales recognition over the next 15 months following its entry into Selangor with the acquisition of Horizon L&L Sdn Bhd, Horizon L&L (SEL) Sdn Bhd and Exoland Property Management Sdn Bhd.

This will be supported by planned launches exceeding RM800 million over the next two years, it noted.

Shares in Matrix ended unchanged at RM1.41, valuing the group at RM2.65 billion.

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