PETALING JAYA: Matrix Concepts Holdings Bhd
delivered a solid performance for the third quarter ended Dec 31, 2025 (3Q26), with net profit rising 15.5% year-on-year to RM50mil from RM43.3mil previously, underpinned by a diversified development portfolio and optimised operating expenditures.
Revenue for the quarter increased 31.8% to RM370.1mil compared to RM280.9mil in 3Q25, following accelerated recognition across the group’s property developments, which grew 34.5% to RM355.8mil.
For the nine months ended Dec 31, 2025 (9M26), revenue rose 19.2% to RM1.05bil, while net profit increased 5.4% to RM180.6mil.
Revenue for the quarter was further boosted by Horizon L&L following its acquisition in August 2025, adding RM25.4mil in revenue and strengthening the group’s presence in the Sepang and Banting corridor.
“Meanwhile, the recently-completed M333 St Kilda in Australia contributed RM6.6 million during the quarter,” it said in a statement.
Complementing its core property developments, the group’s other business units, spanning education, hospitality, and healthcare, collectively generated revenue of RM14.3mil, moderating from RM16.4mil previously.
The education segment improved 2.8% to RM6.7mil on higher student enrollment, while the healthcare and hospitality divisions experienced temporary revenue reduction due to ongoing capacity expansion at Mawar Medical Centre and seasonal softness in the hospitality division.
For 9M26, the group recorded net profit of RM180.6mil, rising 5.4% from RM171.4mil previously. The growth was achieved on a revenue of RM1.05bil, higher by 19.2% from RM881.7mil previously.
The group’s new property sales in 9M26 rose 13.3% to RM1.15bil, fuelled by industrial land demand at the MVV City industrial land and sustained residential take-up across its developments.
The group is on track to meet its full-year launch target of more than RM2bil, having successfully launched projects worth RM1.6bil in 9M26.
As at Dec 31, 2025, unbilled sales stood RM1.52bil, providing strong earnings visibility for the next 15 to 18 months.
Meanwhile, chairman Datuk Mohamad Haslah Mohamad Amin said the group’s improved performance reflects the cumulative efforts undertaken in recent years to strengthen the group’s foundation and diversify its earnings base.
“The continued success of Sendayan Developments provides us with a solid platform, and we shall unlock greater value from this flagship township. At the same time, we are seeing new revenue streams emerge following the acquisition of Horizon L&L, which enables us to penetrate the attractive Sepang and Banting markets.”
The company also declared a third interim dividend of 1.35 sen per share in respect of the financial year ending March 31, 2026, with dividend ex-date on March 19, 2026 and payment date on April 9, 2026.
The cumulative 9M26 dividend per share stands at 4.85 sen, representing a total payout of RM91mil or 49.7% of 9M26 profit after tax.
