Matrix Concepts Holdings BHD Reports Strong First Quarter Performance
KUALA LUMPUR (Aug 21) — Matrix Concepts Holdings Bhd, a property developer based in Seremban, reported a 3.7% increase in net profit for the first financial quarter of 2026 compared to the same period last year. The company’s net profit rose to RM62.94 million from RM60.69 million, as disclosed in a filing with Bursa Malaysia.
The improvement in profitability was primarily driven by stronger property sales and a reduction in selling and marketing expenses. Quarterly revenue saw a modest increase of 1.6%, reaching RM284.28 million from RM279.72 million, supported by sustained demand for residential and commercial properties. Notably, the Levia Residence project in Kuala Lumpur contributed significantly to this growth.
Matrix Concepts’ flagship Sendayan Developments in Seremban remained a major revenue contributor, accounting for RM268.3 million, or 94.4% of the total revenue. This project alone generated RM226.4 million, representing 79.7% of the total revenue for the quarter.
Looking ahead, Matrix Concepts is poised for continued growth, backed by strong demand for its flagship projects. The company is also preparing to launch its next major development, MVV City in Negeri Sembilan, which spans 2,382 acres and is expected to have a gross development value of RM15 billion. The project is slated for completion by the end of the 2026 financial year.
In addition to its property ventures, Matrix Concepts Holdings Bhd is expanding its business footprint. The company recently acquired three firms to enhance its presence in the Subang Jaya and Wangsa Maju corridors, aiming to increase revenue contributions from outside Negeri Sembilan to over 30%.
Despite the positive financial performance, the company announced a lower interim dividend of 1.75 sen per share, compared to 2.50 sen in the previous year. The ex-dividend date is set for September 18, with payment scheduled for October 9.
With RM150 billion in unbooked sales as of June 30, Matrix Concepts Holdings Bhd has a clear path for profitability over the next 15 to 18 months, ensuring a stable outlook for the company’s future endeavors.