Strategic pillars: Matrix Concepts founder and group executive deputy chairman Datuk Seri Lee Tian Hock (left) and Mohamad Haslah. The company reported net profit of RM67.5mil in 2Q26.
PETALING JAYA: Property developer Matrix Concepts Holdings Bhd
’s new property sales grew by a robust 19.1% to RM406.9mil for the second quarter ended Sept 30, 2025 (2Q26), compared to the same quarter a year ago, underpinned by sales in its flagship Sendayan Developments township in Negri Sembilan and industrial land sales in Malaysia Vision Valley City (MVV City).
The company reported net profit of RM67.5mil in 2Q26, compared to RM67.4mil previously, while revenue surged 23.4% to RM396.3mil in tandem with the sales momentum.
This was supported by broadened revenue streams spearheaded by Levia Residences in the Klang Valley, where revenue surged 521.6% to RM45.1mil.
The company also declared a second interim dividend of 1.75 sen per share for the financial year ending March 31, 2026 (FY26), with the distribution totalling RM32.8mil, equivalent to 48.7% of the company’s 2Q26 net profit.
The dividend goes ex on Dec 18, with payment on Jan 8, 2026.
Matrix Concepts chairman Datuk Mohamad Haslah Mohamad Amin said in a statement that the company’s performance validated its multipronged growth strategy.
He pointed out that the company’s business model continues to evolve to unlock new horizons of growth, with MVV City fast emerging as its next major growth catalyst.
“We are witnessing the convergence of our strategic pillars, where the accelerating momentum of MVV City’s industrial segment is complemented by the sustained resilience of our flagship Sendayan township and meaningful contributions from our international and Klang Valley portfolios,” he said.
The company’s industrial sales from MVV City reached RM310.8mil for the first half of FY26 (1H26), surpassing its RM250mil target on the back of strong and sustained demand for industrial land in the region, supported by MVV City’s strategic location and established infrastructure network.
Mohamad Haslah said the introduction of new revenue streams through the company’s Klang Valley expansion marks a significant milestone, as the integration of the Horizon L&L Sdn Bhd acquisition and the maximisation of landbank build a resilient engine of value creation poised to enhance profitability in the coming years.
For 1H26, the company recorded a 1.9% rise in net profit to RM130.6mil compared to the same period a year ago, while revenue grew 13.3% to RM680.6mil.
The company launched properties with a total gross development value of RM978.6mil in 1H26, keeping it on track to meet the FY26 launch target of RM1.7bil.
The company’s unbilled sales grew 19.9% year-on-year to RM1.59bil as at Sept 30, 2025, providing strong visibility for earnings recognition over the next 15 to 18 months.
