Latest news with #BandarSeriImpian
The Star
3 days ago
- Business
- The Star
Matrix Concepts FY25 sales up 10.4%
PETALING JAYA: Property developer Matrix Concepts Holdings Bhd recorded a 10.4% increase in new property sales to RM1.38bil for the financial year ended March 31, 2025 (FY25) compared to RM1.25bil reported in the previous financial year. The company said this achievement was driven by robust market demand and increased new launches across its diversified development portfolio. 'In FY25, new property sales substantially exceeded the sales target of RM1.3bil, propelled by strong performance across its core township developments Sendayan Developments and Bandar Seri Impian, alongside its Klang Valley high-rise project, Levia Residences. 'The sales also notably included maiden industrial land sales from the highly anticipated Malaysia Vision Valley City (MVV City).' Sendayan Developments, its flagship township, recorded RM1.04bil in sales, marking a 3.5% increase from RM1.01bil previously, as demand for its affordable-premium properties remained a mainstay. Meanwhile, sales from Bandar Seri Impian rose 36.2% to RM71.9mil from RM52.8mil previously, while Klang Valley sales expanded 7.8% to RM151.2mil, propelled by Levia Residences. Concurrently, the industrial segment recorded sales rising 134.2% to RM112.4mil compared to RM48mil previously, with RM90.9mil contributed by industrial land sales in MVV City. 'Of these launches, Sendayan Developments comprised 76.3% of new offerings, with the remaining 23.7% coming from Bandar Seri Impian, Levia Residences – Phase 2, and other developments. 'The collective take-up rate for FY25 launches stood at 73% as at March 31, 2025, reflecting robust buyer confidence,' said the company. Group revenue for FY25 amounted to RM1.19bil, 11.2% lower from RM1.34bil previously, with the variance primarily due to the timing of launches and revenue recognition for properties sold in Sendayan Developments and Bandar Seri Impian. This was partially mitigated by higher revenue from the Klang Valley, rising 182% to RM41mil from RM14.6mil previously. The group's unbilled sales totalled RM1.46bil as at March 31, 2025, providing significant earnings visibility for the next 15 to 18 months. In the fourth quarter ended March 31, 2025 (4Q25), the group recorded a dip of 13.6% in revenue to RM305.2mil from RM353.1mil previously due to delayed sales conversion, with deferred revenue recognition expected to normalise in the next three to six months. The group's 4Q25 revenue performance was partially mitigated by strong recognition of RM18.7mil from its second high-rise development, Levia Residence in Cheras, Kuala Lumpur. Matrix Concepts chairman Datuk Mohamad Haslah Mohamad Amin said: 'Matrix Concepts' FY25 performance definitively demonstrates the efficacy of our strategy, affirming our capability to consistently deliver value and enhance shareholder returns through sustained operational performance and growth.' Looking ahead, Matrix Concepts said FY26 is positioned for transformative growth, supported by a launch target of RM1.6bil in gross development value (GDV) of new projects. 'These upcoming launches include the first phase of the MVV City's industrial land, a key catalyst for our next growth phase. Spanning 2,382 acres with a projected GDV of RM15bil, the MVV City development is poised to provide a clear earnings trajectory in the near term and reinforce our long-term confidence.' The group also declared a fourth-quarter interim dividend of 1.35 sen per share in respect of FY25, representing 60.8% of 4Q25 profit after tax, with the dividend ex-date of June 20, 2025, to be paid on July 10, 2025.
The Star
4 days ago
- Business
- The Star
Matrix Concepts registers RM1.38bil new property sales in FY25
KUALA LUMPUR: Matrix Concepts Holdings Bhd recorded new property sales of RM1.38bil in the financial year ended March 31, 2025 (FY25), a 10.4% increase over sales of RM1.25bil in the previous year. In a statement, the property developer said the new property sales was underpinned by a strong performance across its core township developments Sendayan Developments and Bandar Seri Impian, alongside its Klang Valley high-rise project, Levia Residences. There was also maiden contribution from industrial land sales at Malaysia Vision Valley City (MVV City). In FY25, Matrix Concepts posted a net profit of RM214.1mil, down from RM244.31mil in the previous year, on revenue that was also lower at RM1.19bil against RM1.34bil in FY24. The group's earnings per share dipped to 16.37 from 19.52 sen previously. In the fourth quarter alone, Matrix Concept's net profit was RM42.67mil, down from RM60.6mil in 4QFY24, while revenue fell to RM305.17mil from RM353.14mil in the comparative quarter. It said the weaker set of figures was primarily due to the timing of launches and revenue recognition for properties sold in Sendayan Developments and Bandar Seri Impian. "Despite the impact of the timing differences on topline, the group achieved a significant improvement in gross profit margin at 51% in FY25 compared to 46.4% for FY2024. "The margin expansion was primarily driven by a favourable mix, including accelerated recognition from industrial and commercial property developments," it said. In FY25, Matrix Concepts launched projects with a total gross development value (GDV) of RM1.45bil, a 9.8% increase from RM1.32bil previously. "The collective take-up rate for FY25 launches stood at 73% as at March 31, 2025, reflecting robust buyer confidence," it said. Moving forward, chairman Datuk Mohamad Haslah Mohamad Amin said the group is positioned for transformative growth in FY26, supported by a launch target of RM1.6bil GDV in new projects. "These upcoming launches include the first phase of the MVV City's industrial land, a key catalyst for our next growth phase. "Spanning 2,382 acres with a projected GDV of RM15bil, the MVV City development is poised to provide a clear earnings trajectory in the near term and reinforce our long-term confidence," he said.
New Straits Times
4 days ago
- Business
- New Straits Times
Matrix Concepts beats FY25 sales target, eyes RM1.6bil launches in FY26
KUALA LUMPUR: Matrix Concepts Holdings Bhd recorded a 10.4 per cent increase in new property sales to RM1.38 billion for the financial year ended March 31, 2025 (FY25) from RM1.25 billion a year earlier. The growth was driven by strong market demand and an increase in new launches across its diverse development portfolio. The new property sales significantly surpassed the the property developer's sales target of RM1.3 billion, bolstered by strong performances from its projects. This includes its core township developments, Sendayan Developments and Bandar Seri Impian, as well as the Klang Valley high-rise project, Levia Residences. The sales also included the company's first industrial land sales from the highly anticipated Malaysia Vision Valley City (MVV City). Taking advantage of favourable market conditions, Matrix Concepts launched projects with a total gross development value (GDV) of RM1.45 billion in FY25, a 9.8 per cent rise from RM1.32 billion last year. The overall take-up rate for FY25 launches stood at 73 per cent as of March 31, 2025, indicating strong buyer confidence. Datuk Mohamad Haslah Mohamad Amin said that surpassing the FY25 sales target reflects the enduring trust and confidence of homeowners across generations. Datuk Mohamad Haslah Mohamad Amin said the FY25 surpassing our sales target for the year reflects the lasting trust of homeowners across generations. He stated that for nearly three decades, the commitment to delivering premium-quality, trend-driven homes at accessible prices has driven strong take-up across Matrix Concepts' developments in Negri Sembilan, Johor and the Klang Valley. "FY26 is positioned for transformative growth, supported by a launch target of RM1.6 billion in GDV of new projects. "These upcoming launches include the first phase of the MVV City's industrial land, a key catalyst for our next growth phase. "Spanning 964.1 hectares with a projected GDV of RM15 billion, the MVV City development is poised to provide a clear earnings trajectory in the near term and reinforce our long-term confidence," Mohamad Haslah added. In FY25, the company's revenue declined 11.2 per cent to RM1.19 billion from RM1.34 billion previously due to the timing of launches and revenue recognition for properties sold in Sendayan Developments and Bandar Seri Impian. Its net profit also fell 12 per cent to RM214.1 million from RM244.3 million previously. Matrix Concepts' unbilled sales stood at RM1.46 billion as of March 2025, providing significant earnings visibility for the next 15 to 18 months. The company declared a fourth quarter interim dividend of 1.35 sen per share that will be paid on July 10, 2025. Mohamad Haslah said the company is expanding its footprint within the high-growth Klang Valley region, particularly Selangor. He said the recent investments have established a robust platform for future developments in the Banting and Sepang areas. "Beyond our core property development activities, we are strategically expanding into high-potential sectors such as hospitality, education and healthcare. "These complementary ventures are designed to create diversified and recurring income streams, strengthening our resilience and enhancing long-term value creation," he added.
