KUALA LUMPUR: Matrix Concepts Holdings Bhd
recorded a 9.2% increase in new property sales to RM416.7mil in the first quarter of its 2027 financial year (1QFY27), with Sendayan Developments anchoring its portfolio and Malaysia Vision Valley (MVV) City as the next major growth catalyst.
During the quarter under review, MVV City contributed RM96.8mil in sales and RM21.3mil in revenue, while in Negeri Sembilan, the core township Sendayan Developments drove overall performance with RM235.3mil in new sales and RM176.7mil in revenue.
Meanwhile, Levia resident in the Klang Valley generated RM37.4mil in sales, which nearly doubled its quarterly revenue to RM52.7mil. Horizon developments within the Sepang and Banting growth corridors contributed RM15.2mil in sales and RM18.3mil in revenue, while Bandar Seri Impian in Johor registered RM32mil in sales and 42.2% revenue growth to RM21.8mil.
According to a filing with the stock exchange, Matrix Concepts posted quarterly revenue of RM315.58mil, an increase of 11% year-on-year (y-o-y) from RM284.28m in the year-ago quarter.
However, the group's net profit eased to RM60.19mil from RM62.94mil in the year-ago quarter due to the absence of a one-off RM6.1mil investment gains, alongside planned marketing expenses for new developments.
The board of directors declared a first interim dividend of 1.4 sen per share with entitlement date on Sept 18, 2026, and payment on Oct 8, 2026.
"Our first-quarter performance reflects the resilience and maturing scale of our expanded footprint. Sendayan Developments remains the mainstay of our portfolio, providing a highly stable foundation.
"This is now complemented by our accelerating momentum across Johor, the Klang Valley, and our industrial rollout at MVV City, which strategically positions us to capture high-value commercial investments," said chairman Datuk Mohamad Haslah Mohamad Amin in a statement.
Meanwhile, the group said the education, hospitality, healthcare, and newly introduced building materials divisions contributed a combined RM19.6mil in quarterly revenue.
Internationally, the completed M333 St Kilda Build-to-Rent asset in Australia recorded RM5.2mil in revenue and is projected to deliver steady profit contributions.
"By securing reliable yields from our Australian Build-to-Rent operations and domestic healthcare divisions, alongside our established segments, we remain cautiously optimistic about our prospects for FY2027 and our ability to create robust, long-term value for our shareholders,” said Mohamad Haslah.
As at June 30, 2026, unbilled sales stood at RM1.5bil, providing clear earnings visibility over the next 15 to 18 months.
