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 (2Q) compared to the same quarter a year ago underpinned by sales in the flagship Sendayan Developments township and industrial land sales in Malaysia Vision Valley City (MVV City).

The company reported net profit of RM67.5mil in 2Q compared to RM67.4mil while revenue surged 23.4% to RM396.3mil in tandem with the sales momentum, which saw 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 2Q net profit. The dividend goes ex on Dec 18 and payment on Jan 8, 2026.

Matrix Concepts chairman Datuk Haji Mohamad Haslah Mohamad Amin said in a statement that the company’s performance validated its multiprong 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 (1HFY26), surpassing its target of RM250mil on strong and sustained demand for industrial land in the region supported by MVV City’s strategic locality and established infrastructure network.

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 acquisition and the maximisation of landbank builds a resilient engine of value creation poised to enhance profitability in the coming years”.

For 1HFY26, 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. During the same period, the company launched properties with a total gross development value of RM978.6mil, 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, which provides strong visibility for earnings recognition over the next 15 to 18 months.