Matrix Concepts Holdings Bhd has declared a first interim dividend of 1.4 sen per share for its financial year ending March 31, 2027, despite profit after tax (PAT) easing 4.8% to RM61.1 million in the first quarter ended June 30, 2026.
The property developer said the dividend will be paid on Oct 8 to shareholders whose names appear in the Record of Depositors on Sept 18.
For the quarter, revenue rose 11% to RM315.6 million from RM284.3 million a year earlier, driven primarily by its property development business, which contributed RM296 million or 93.8% of group revenue.
Its flagship Sendayan Developments remained the largest contributor with RM176.7 million in revenue, while Levia Residence in Kuala Lumpur nearly doubled its contribution to RM52.7 million from RM26.6 million previously.
The group also booked RM21.3 million from industrial property sales at Malaysia Vision Valley City (MVV City), which Matrix Concepts expects to emerge as a major long-term earnings driver as subsequent phases are rolled out.
Despite stronger revenue, PAT slipped to RM61.1 million from RM64.2 million as gross profit margin narrowed to 40.7% from 44.1%, while selling and marketing expenses rose 43%. The previous corresponding quarter had also benefitted from RM6.1 million in one-off other income.
As at June 30, the group had RM1.5 billion in unbilled sales, providing earnings visibility for the next 15 to 18 months.
Looking ahead, Matrix Concepts said it remained optimistic on its prospects, supported by sustained demand at Sendayan, the progressive rollout of the RM15 billion MVV City township, the integration of Horizon developments and further expansion in the Klang Valley.
The group has a pipeline of about RM2 billion across its Klang Valley and Horizon developments and expects markets outside Negeri Sembilan to eventually contribute more than 30% of total revenue, further diversifying its earnings base.
