Resilient revenue buoys Matrix 1Q26 net profit

All smiles: Mohamad Haslah (right) and Matrix group executive deputy chairman Datuk Seri Lee Tian Hock. The property developer’s revenue rose to RM284.28mil in 2Q25 from RM279.72mil previously.

KUALA LUMPUR: Matrix Concepts Holdings Bhd posted higher net profit of RM62.94mil for its first quarter ended June 30 (1Q26), versus RM60.7mil a year ago, driven by resilient revenue, reduction in selling and marketing expenses and a lower effective tax rate due to previously non-recognised deferred tax assets.

The property developer continued to deliver above industry net margin of 22.1% in 1Q26, compared to previous year’s 21.7% as it remained focused on streamlined cost management and operational efficiency.