INTEGRATED ANNUAL REPORT 2025 PULSE OF THE FUTURE
Evolving Together. Pulse of the Future. These words embody Matrix Concepts Holdings Berhad’s forward momentum—anchored in collaboraঞon, resilience, and a clear vision of what lies ahead. The cover design reflects a year of recalibraঞon and renewed focus. It illustrates how Matrix has progressed in close collaboraঞon with its stakeholders, viewing change not as a disrupঞon, but as a catalyst for opportunity and growth. “Evolving Together” underscores the strength we draw from unity—listening, adapঞng, and growing with the communiঞes we serve. “Pulse of the Future” signals our readiness to lead with purpose, embedding sustainability, innovaঞon, and futureoriented thinking into every endeavour. Clean lines and a rhythmic visual language mimic the cadence of a digital pulse—steady, intenঞonal, and charged with energy. The result is a design that reflects progress with clarity, confidence, and a shared rhythm for tomorrow. FTSE Russell (the trading name of FTSE Internaঞonal Limited and Frank Russell Company) confirms that Matrix Concepts Holdings Berhad has been independently assessed according to the FTSE4Good criteria and has saঞsfied the requirements to become a consঞtuent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstraঞng strong Environmental, Social and Governance pracঞces. Abbreviaঞon: Matrix or the Group refers to Matrix Concepts Holdings Berhad and its subsidiaries. You can access the Matrix Concepts Holdings Berhad Integrated Annual Report 2025 by scanning the QR code or visit: www.mchb.com.my. COVER RATIONALE
About This Report 02 OVERVIEW Vision and Mission Corporate Informaঞon Corporate Structure Key Corporate Milestones Group Corporate Profile 08 09 10 12 14 PERFORMANCE Five-Year Group Financial Highlights Group Quarterly Performance Dividend Highlights Share Price Performance Statement of Value Added Distribuঞon and Simplified Financial Statement Accolades 17 18 19 20 21 22 KEY MESSAGES Chairman’s Statement Management Discussion and Analysis 24 32 OUR LEADERSHIP Board of Directors’ Profiles Group Advisor’s Profile Chief Execuঞve Officers’ Profiles Execuঞve Director Cum Chief Financial Officer’s Profile Management Team 50 59 60 62 63 VALUE CREATION STRATEGIC REVIEW Value Creaঞon and Performance Our Operaঞng Environment Responding Proacঞvely Through Our Business Model Value Chain and Business Processes Maers Material to Value Creaঞon - Governance - Risk Management - Strategies Employed - Risks and Oppurtunities Identification Climate Risks Assessment Forward Focus - Our Strategic Prioriঞes Value Creaঞon Model 68 69 76 78 82 83 84 85 102 109 112 INSIDE THIS REPORT OUR GOVERNANCE Corporate Governance Overview Statement Audit Commiee Report Statement on Risk Management and Internal Control Statement of Responsibility by Directors 114 127 132 139 FINANCIAL STATEMENTS Directors’ Report Statement by Directors Statutory Declaraঞon Independent Auditors’ Report Statement of Comprehensive Income Consolidated Statement of Financial Posiঞon Statement of Financial Posiঞon Statements of Changes in Equity Statements of Cash Flows Notes to the Financial Statements 141 147 147 148 153 154 156 157 159 163 ADDITIONAL INFORMATION Addiঞonal Informaঞon List of Properঞes Recurrent Related Party Transacঞons Analysis of Shareholdings Top Thirty (30) Largest Shareholders 217 218 221 222 224 NOTICE OF ANNUAL GENERAL MEETING Noঞce of Annual General Meeঞng Statement Accompanying Noঞce of Annual General Meeঞng Proxy Form 226 230 01 06 07 08 09 02 03 04 05
ABOUT THIS REPORT INTRODUCTION Matrix Concepts Holdings Berhad (“Matrix” or “the Group”) is pleased to present its Integrated Annual Report for the financial year ended 31 March 2025 (“IAR2025” or this “Report”). IAR2025 provides financial and non-financial disclosures for the period of 1 April 2024 to 31 March 2025, which is for the period of financial year ended 31 March 2025. IAR2025 has been developed in accordance with the Main Market Lisঞng Requirements as well as the requirements of the regulator, Bursa Malaysia Securiঞes Berhad and applied the Integrated Reporঞng principles-based framework in determining the broad scope and boundary for inclusion of content. 6 CAPITALS FINANCIAL MANUFACTURED INTELLECTUAL HUMAN SOCIAL NATURAL 7 GUIDING PRINCIPLES Strategic Focus and Future Orientaঞon Connecঞvity of Informaঞon Conciseness Reliability and Completeness Consistency and Comparability Materiality Stakeholder Relaঞonships 8 CONTENT ELEMENTS Organisaঞonal Overview and External Environment Governance Business Model Risks and Opportuniঞes Strategy and Resource Allocaঞon Performance Outlook Basis of Preparaঞon and Presentaঞon 01 02 04 03 05 06 07 01 02 03 04 06 05 07 08 Consistent with the introduction of the National Sustainability Reporting Framework (“NSRF”), IAR2025 also provides preliminary disclosures on IFRS S1-General Requirements for Disclosure of Sustainability-related Financial Information (“S1”)1 and IFRS S2-Climate Related Disclosures (“S2”)1. The determination of materiality for selection and inclusion of content is based on the principle of financial materiality; that is leveraging the concept of integrated thinking to establish linkages between the extent of materiality of a sustainability topic or agenda in relation to its ability to impact or influence Financial, Business and Operational (“FBO”) performance over the short, medium and long-term perspectives. REPORTING SCOPE AND BOUNDARY IAR2025 reports on the capitals/inputs, strategies, processes, operaঞons and acঞviঞes of Matrix and on all subsidiaries in which the holding company retains equity control. Excluded are disclosures on associate companies’ that Matrix neither has a majority equity stake and/or operaঞonal control of. Kindly refer to the corporate structure secঞon of IAR2025 for the full list of subsidiaries. Going forward, Matrix intends to stay consistent with the requirements of S2, Matrix shall also disclose on the performance of associate companies, notably in relaঞon to Scope 1, Scope 2 and Scope 3 emissions profiles. 1 S1 and S2 adopts a materiality perspective driven by matters significant to enterprise value creation, which complements existing material perspectives that focus on matters material to financial and sustainability risk and opportunities that could reasonably be expected to affect Matrix’s cash flows, its access to finance or cost of capital over the short, medium or long-term. 02 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025
about this report IAR2025 REPORTING JOURNEY (BASIS OF PREPARATION) The development of IAR2025 commenced with a comprehensive and detailed gap analysis of IAR2024 (published in respect of the previous financial year) towards idenঞfying opportuniঞes for improvement. The gap analysis exercise was conducted referencing the disclosure requirements of the integrated reporঞng framework, mulঞple sustainability reporঞng frameworks and standards as well as the NSRF and S1 and S2 disclosure requirements. Following the gap analysis, S1 and S2 seminar and workshop was conducted for senior level management, to strengthen integrated thinking and to determine Sustainability Related Risks and Opportuniঞes (“SRROs”) as well as Climate Related Risks and Opportuniঞes (“CRROs”). The workshop was designed to solicit the collecঞve perspecঞve of senior and middle Management with regard to how SRROs and CRROs may/would have an impact on value creaঞon. This entailed considering in depth what impacts could/would arise, and where would these impacts be felt i.e. on the business model itself or in terms of access to markets or resources, or across the value chain; the severity and likelihood of these impacts and whether such impacts could/would occur in the short, medium, and long-term. Suria Heights - Link Homes 03 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025
about this report INTEGRATED THINKING APPROACH IN DETERMINATION OF MATERIAL SRROS AND CRROS Raw and strategic information to develop disclosures What do we have: Data and disclosures Integrated Thinking (scenario analysis, tools, cross-functional knowledge tapping) Identify the gaps against the Integrated Reporting framework Establishing base of material topics Development of final, refined universe of topics for materiality assessment Enables a thorough integrated understanding of how risks develop and its impacts on the business model Development of SRRO and CRRO disclosures to progressively align and to be developed accordingly Usage of the following ঞme horizons for CRROs: Short term: 0-2 years Medium term: 2-10 years Long term: >10 years SRROs and CRROs determined by considering risk severity and likelihood levels, nature of risks (acute or chronic) and risk in the context of short, medium and long-term horizons Understanding of risks is further developed based on a staঞc approach; that is how risks evolve, and progress over short, medium and long-term horizons Selecঞon of topics a[er referencing Bursa Securiঞes, GRI, ISSB and SASB frameworks as well as industry peers and consultaঞon with Matrix Management Impact considerations Use of time durations Approach Based on the pillars of Governance, Strategy, Risk Management and Metrics and Targets 04 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025
about this report EXCLUSIONS AND LIMITATIONS Given this is the first year of alignment to the NSRF and S1 and S2 standards, Matrix has selected to adopt a progressive approach in its disclosures; preferring to focus on establishing a list of financially material SRROs and CRROs and in determining the specific risk and opportunity impacts over the short, medium and long-term ঞmeframes with financial quanঞficaঞon of SRROs and CRROs to be progressively developed and established in subsequent reporঞng. This is consistent with the principle of proporঞonality provided in both the NSRF and IFRS disclosure requirements which permit Matrix to limit informaঞon to what is reasonable, supportable, and available without undue cost and effort; and the use of qualitaঞve as opposed to quanঞtaঞve approaches in developing disclosures. Matrix shall progressively strengthen its reporঞng in accordance with both frameworks going forward. This includes developing more comprehensive and strategic perspecঞves in SRROs and CRROs by working with external parঞes, in further involving internal and external stakeholders, notably in soliciঞng views and perspecঞves on emerging and exisঞng SRROs and CRROs and in developing data collecঞon and informaঞon systems that would enable financial quanঞficaঞon of SRROs and CRROs. Other aspiraঞons are as follows: Due to insignificant operaঞons and data limitaঞons, operaঞons from Australia have been largely omied. Areas for Improvement Consider possibility of site specific climate and biodiversity assessments. Integraঞng SRROs and CRROs into the risk management framework and thus into the mainstream strategic thinking and business planning of the Group. Aside from ISSB and SASB disclosures, to also consider requirement for developing company specific metrics to ascertain financial impacts from SRROs and CRROs. Use of Life Cycle Assessment, Spend Based or hybrid approaches to determine upstream and downstream Scope 3 emissions. COMPLIANCE TO AND REFERENCED FRAMEWORKS As previously menঞoned, IAR2025 has been developed in accordance with or references to the following reporঞng frameworks and standards: • Main Market Lisঞng Requirements (“MMLR”) of Bursa Malaysia Securiঞes Berhad (“Bursa Securiঞes”) • Malaysian Financial Reporঞng Standards (“MFRS”) • Bursa Malaysia Sustainability Reporঞng Guide, 3rd Ediঞon 2022 • FTSE4Good Index Disclosures (FTSE Russell’s ESG Data Model) • Sustainability Accounঞng Standards Board (“SASB”) • Global Reporঞng Iniঞaঞve 2021 (“GRI”) • Internaঞonal Sustainability Standard Board (“ISSB”) • Malaysian Code on Corporate Governance (“MCCG”) • Companies Act 2016 (“Act”) • ISO 31000 Risk Management – Principles and Guidelines • IFRS S1 - General Requirements for Disclosure of Sustainabilityrelated Financial Informaঞon • IFRS S2 - Climate related Disclosures Financial data has been assured by the Group’s external auditors, Messrs Ernst & Young PLT. 05 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025
OUR REPORTING SUITE In addiঞon to IAR2025, Matrix also annually publishes the following reports to provide accompanying disclosures that are aimed towards ensuring regulatory compliance and also in meeঞng the informaঞon needs of Matrix’s diverse stakeholders: Sustainability Report 2025 (“SR2025”) Corporate Governance Report 2025 (“CG Report 2025”) SR2025 provides comprehensive sustainability performance disclosures, largely driven by impact materiality perspecঞves. Determinaঞon of content for inclusion is based on the Bursa Malaysia Sustainability Reporঞng Guide as well as the GRI Reporঞng Standards and FTSE4Good Bursa Malaysia Index (F4GBM). For more informaঞon, scan the QR code or visit: www.mchb.com.my. The CG Report 2025 provides detailed disclosures in accordance with how Matrix has applied the corporate governance pracঞces sঞpulated by the MCCG which cover maers pertaining to Board independence, role of the Chairman, risk management frameworks, audit pracঞces, remuneraঞon and parঞcipaঞon of Board members throughout FY2025 as well as interacঞon and engagement with shareholders. For more informaঞon, scan the QR code or visit: www.mchb.com.my. about this report ICONS FOR EASIER NAVIGATION AND LINKAGE OF STRATEGIC INFORMATION For the ease and convenience of readers, IAR2025 uses icons that enable readers to move seamlessly between secঞons of related or relevant informaঞon. This cross-referencing approach is designed to enable a higher degree of conciseness and clarity for readers by enabling a higher degree of connecঞvity of informaঞon while providing the necessary comprehensive of disclosures. The following icons have been judiciously used across IAR2025: BUSINESS DIVISION ICONS Property Development Construction Hospitality Education Healthcare SECTIONAL ICONS Our Business Model An integrated perspecঞve of the Group’s business model and its operaঞons, including subsidiary companies. Management Discussion and Analysis Management’s perspecঞve of the Group’s business and financial performance for FY2025. Values Created Provision of financial year ended 31 March 2025 (“FY2025”) financial and non-financial values created from a mulঞ-capital perspecঞve. How We Create and Sustain Value The Group’s key macro strategic approach to sustain value creaঞon over the medium and long-term perspecঞves. Matters Material to Value Creation Topics, issues, and concerns that have and can conঞnue to impact value creaঞon for Matrix. Risks and Mitigations Significant risks and provision of miঞgaঞon plans and strategies. Sustainability Details on Environmental, Social and Governance (“ESG”) topics and indicators. Strategic Priorities Matrix’s future plans and aspiraঞons as well as focus areas going forward. 06 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025
about this report CAPITAL ICONS Financial Capital Encompasses all financial resources including cash and cash equivalents and bank balances, retained and reinvested earnings, shareholders’ equity and investments as well as, internally generated funds, capital injecঞons and borrowings and reserves. Manufactured Capital Refers to all asset, machinery and equipment including property and plant owned or leased and deployed through the business model to convert/transform all inputs into products and services i.e. the generaঞon of outputs and outcomes for stakeholders. Intellectual Capital Refers to inherent and acquired proprietary company knowledge, systems, processes, strategies, standard operaঞng procedures. This includes industry experience aained over the years since the incepঞon of Matrix and the commencement of operaঞons. Human Capital Comprising the individual and collecঞve abiliঞes of the Group’s workforce, which includes professional skills and competences, job experiences, organisaঞonal culture and morale and more. This includes the capabiliঞes and corporate experience of the Board of Directors and Senior Management personnel. Social Capital Pertains to the awareness, appeal and equity of the Matrix brand as well as product brands and also encompasses, the nature and intangible yet significant of stakeholders relaঞonships and percepঞons of Matrix. This includes public opinion, profile of the Group and the interest expressed by insঞtuঞonal investors and the overall percepঞon and image of Matrix among regulators and among local communiঞes as a responsible corporate ciঞzen. Natural Capital Comprises all natural resources consumed by the business model such as energy, water, land, building materials and others; and in the process the producঞon of waste products such as building wastes, emissions and effluents. RELATED INFORMATION This Report is supplemented with addiঞonal online disclosures for our stakeholders. These include consolidated and separate financial statements, policies and structures of governance, organisaঞonal policies, and other perঞnent informaঞon. The Group’s latest corporate announcements and corporate policies are accessible at our Investor Relaঞons page: hps:/ www.mchb. com.my/investor-relaঞons. Sustainability-related disclosures and updates can be found at our dedicated sustainability secঞon: hps://www.mchb. com.my/sustainability. Details of the Group’s corporate governance policies, including the Board Charter, Terms of Reference, Code of Conduct and Whistle Blowing Policy are available at: hps:/ www. mchb.com.my/investor-relaঞons/corporategovernance. FORWARD LOOKING DISCLAIMER IAR2025 provides informaঞon or may allude to future based performance such as aspiraঞons and targets, FBO plans going forward and expected external trends and developments and other informaঞon that is yet to occur. Such informaঞon presented including conclusions, expectaঞons and possible strategies that the Group will implement have been developed based on strategic informaঞon available prior to the publishing of IAR2025 and reasonable assumpঞons made on the possibility of future events occurring. While Management has taken all precauঞonary measures and due diligence to ensure that forward-looking informaঞon are as accurate and relevant as possible, such informaঞon may not be conclusive due to factors beyond the control or influence of Matrix. These include changes in the external operaঞng environment that may necessitate changes in the Group’s future plans. Hence, forward-looking statements do not serve as guarantees of future operaঞonal or financial results or any other kind of outcome. Actual plans and results may differ from those expressed in this Report. Readers are advised to conduct their own research and due diligence prior to making any decisions including investment decisions based on the disclosures provided in IAR2025. Matrix shall not be liable or responsible for any outcome or impact arising from decisions made based on informaঞon presented in IAR2025. Readers are encouraged to contact Matrix should they have any enquiries or require further clarificaঞon or addiঞonal informaঞon. DISTRIBUTION AND AVAILABILITY A digital version of this Report and archived reports are available for download at our Investor Relaঞons page: hps:/ www.mchb. com.my/investor-relaঞons and also on the website of Bursa Malaysia Securiঞes Berhad: hps://www.bursamalaysia.com. DIRECTORS’ STATEMENT OF RESPONSIBILITY The Board of Directors of Matrix acknowledges its responsibility in ensuring the integrity of this Report and has applied its collecঞve mind to present a balanced and comprehensive Integrated Report based on good governance pracঞces and guided by the principles-based framework of Integrated Reporঞng. The Board also provides assurance that the financial statements audited by Messrs Ernst & Young PLT were prepared according to the relevant standards and frameworks, including the MFRS, Internaঞonal Financial Reporঞng Standards (“IFRS”) and the Companies Act 2016. MANAGEMENT RESPONSIBILITY STATEMENT The Management of Matrix have reviewed IAR2025 and have applied their collecঞve skills, competencies and have arrived at a consensual view that this Report presents an accurate value creaঞon narraঞve of the Group at the ঞme of its publicaঞon. ONLINE VERSION AND FEEDBACK Feedback on this Report may be channelled to: Ms. Carmen Loo/Encik Fadzli Suhaimi Tel : 606-764 2688 Email : carmen@mchb.com.my mohdfadzli@mchb.com.my 07 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025
VISION AND MISSION OUR VISION OUR MISSION The creaঞon of a benchmark “Nurturing Environments, Enriching Lives” by being a caring and community developer. Providing premier and quality educaঞon for our future generaঞon and diversify into sustainable property investment. Strive to consistently exceed our customers’ expectaঞons through delivering par excellence products and professional services for unparalleled customer experience. Conঞnuously develop our highly valued human capital based on meritocracy to ensure conঞnuous growth for both the business and stakeholders. Creaঞon and enhancing shareholders’ value and fulfilment of our corporate social responsibility. 08 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 01 OVERVIEW
CORPORATE INFORMATION BOARD OF DIRECTORS DATO’ HAJI MOHAMAD HASLAH BIN MOHAMAD AMIN Chairman Non-Independent Non-Executive Director Mazhairul Bin Jamaludin Senior Independent Non-Executive Director Vijayam A/P Nadarajah Independent Non-Executive Director DATO’ SERI LEE TIAN HOCK Group Executive Deputy Chairman Non-Independent Executive Director Chua See Hua Independent Non-Executive Director Datuk Seri Kamaludin Bin Md Said Independent Non-Executive Director Kelvin Lee Chin Chuan Group Executive Director Non-Independent Executive Director Loo See Mun Independent Non-Executive Director Harry Lee Chin Yeow Alternate Director to Kelvin Lee Chin Chuan AUDIT COMMITTEE MAZHAIRUL BIN JAMALUDIN Chairman Chua See Hua Loo See Mun VijaYam A/P Nadarajah DatuK Seri Kamaludin Bin Md Said REMUNERATION COMMITTEE Loo See Mun Chairperson Mazhairul Bin Jamaludin DatuK Seri Kamaludin Bin Md Said NOMINATION COMMITTEE Chua See Hua Chairperson Loo See Mun DatuK Seri Kamaludin Bin Md Said RISK MANAGEMENT COMMITTEE VijaYam A/P Nadarajah Chairperson Mazhairul Bin Jamaludin Chua See Hua Kelvin Lee Chin Chuan SUSTAINABILITY COMMITTEE DATO’ HAJI MOHAMAD HASLAH BIN MOHAMAD AMIN Chairman Dato’ Seri Lee Tian HocK Kelvin Lee Chin ChuaN VijaYam A/P Nadarajah Chai Keng Wai COMPANY SECRETARY CARMEN LOO KAH BOON (MAICSA 0784630) (SSM Pracঞcing Cerঞficate No. 201908001700) REGISTERED OFFICE WISMA MATRIX No. 57, Jalan Tun Dr. Ismail, 70200 Seremban, Negeri Sembilan. Tel : +606-7642 688 Fax : +606-7646 288 Website : www.mchb.com.my Email : matrixcorp@mchb.com.my STOCK EXCHANGE LISTING BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET PROPERTY SECTOR STOCK NAME AND CODE MATRIX (5236) AUDITORS Ernst & Young PLT 202006000003 (LLP0022760-LCA) & AF0039 Level 23A Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, 50490 Kuala Lumpur. Tel : +603-7495 8000 Fax : +603-2095 5332 REGISTRAR BINA MANAGEMENT (M) Sdn Bhd Lot 10, The Highway Centre, Jalan 51/205, 46050 Petaling Jaya, Selangor. Tel : +603-7784 3922 Fax : +603-7784 1988 Email : binawin@binamg168.com BANKERS AMBANK ISLAMIC BERHAD AMBANK (M) BERHAD PUBLIC BANK BERHAD MAYBANK ISLAMIC BERHAD HONG LEONG BANK BERHAD 09 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 01 OVERVIEW
CORPORATE STRUCTURE HOSPITALITY 100% MATRIX PROJECT MANAGEMENT SDN BHD 100% MATRIX HOTELS MANAGEMENT SDN BHD 100% MATRIX EXCELTRADING SDN BHD 100% MATRIX COUNTRY CLUB SDN BHD 100% MATRIX EXCELCON SDN BHD 100% BSS DEVELOPMENT SDN BHD 100% MATRIX SINO DEVELOPMENT SDN BHD 100% MATRIX REALTY MANAGEMENT SDN BHD 100% MATRIX EXCELBUILDER SDN BHD 100% MATRIX PROPERTIES SDN BHD 100% MASUDA CORPORATION SDN BHD 100% MATRIX CONCEPTS (NS) SDN BHD 100% MATRIX CONCEPTS SDN BHD PROPERTY DEVELOPMENT/ INVESTMENT PROPERTY MANAGEMENT CONSTRUCTION 10 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 01 OVERVIEW
corporate structure Direct subsidiaries Indirect subsidiaries Associated Company 100% MATRIX PROPERTY MANAGEMENT (AUSTRALIA) PTY LTD 100% MATRIX 333 ST KILDA (AUSTRALIA) PTY LTD 100% MATRIX GREENVALE (AUSTRALIA) PTY LTD 30% PT FIN CENTERINDO SATU 85% N9 MATRIX DEVELOPMENT SDN BHD 100% MATRIX CONCEPTS (CHERAS) SDN BHD 51% MATRIX EDUCARE SDN BHD 85% MEGAH SEDAYA SDN BHD 100% MCHB DEVELOPMENT (KV) SDN BHD 100% MCHB NATRO’ GREEN SDN BHD 100% PT MATRIX PERKASA INDONESIA 100% MCHB DEVELOPMENT (SOUTHERN) SDN BHD 100% MGE DEVELOPMENT SDN BHD 100% MATRIX CONCEPTS (DAMANSARA) SDN BHD 100% MCHB DEVELOPMENT (NS) SDN BHD 100% MATRIX CONCEPTS (SOUTHERN) SDN BHD 100% MATRIX DEVELOPMENT (AUSTRALIA) PTY LTD 100% MATRIX IBS SDN BHD 100% MATRIX CONCEPTS (CENTRAL) SDN BHD HEALTHCARE EDUCATION 70% MATRIX MEDICARE SDN BHD 100% MATRIX HEALTHCARE SDN BHD 11 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 01 OVERVIEW
KEY CORPORATE MILESTONES � 1996 Incorporaঞon of Matrix Concepts Holdings Berhad (“Matrix”). � 1997 Maiden project at Taman Bahau in Negeri Sembilan comprising 595 units of mixed residenঞal and commercial development. � 1999 Joint-Venture with Menteri Besar Incorporated of Negeri Sembilan to develop Taman Andalas on 39–acres of land. 2005 � The first joint-venture township development at Bandar Seri Impian, Kluang, Johor followed by Bandar Sri Sendayan as the Group’s flagship project. 2013 � Matrix listed on the Main Market of Bursa Malaysia Securiঞes Berhad on 28 May 2013. � 2014 Compleঞon of lisঞng of Bonus Issue of 152,167,146 new ordinary shares of RM1.00 each in the Company, on the basis of one (1) bonus share for every two (2) exisঞng shares in the Company. � 2015 Compleঞon of lisঞng of 77,325,585 new ordinary shares of RM1.00 each in the Company on the basis of one (1) bonus share for every six (6) exisঞng shares and 77,325,585 warrants in the Company on the basis of one (1) warrant for every six (6) exisঞng shares on Main Market of Bursa Malaysia Securiঞes Berhad. � 2016 Launched its first oversea project, M.Carnegie Bouঞque Apartment in Melbourne, Australia. � 2017 Maiden issuance of Sukuk Wakalah under the Sukuk Wakalah Programme, comprising RM50.0 million in nominal value of Islamic Commercial Papers and RM100.0 million in nominal value of Islamic Medium Term Notes. Compleঞon of lisঞng of 147,778,258 new ordinary shares in the Company on the basis of one (1) bonus share for every four (4) exisঞng shares in the Company and 12,872,798 addiঞonal Warrants arising from the adjustments made in relaঞon to the Bonus Issue. Educaঞon Joint Collaboraঞon Agreement entered into between MGE Development Sdn Bhd and Hengshui Yizhong Educaঞon Group Sdn Bhd for advancement of educaঞon for students from China. u u u u u u u u u u 12 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 01 OVERVIEW
� 2024/2025 Strategic Joint-Venture Agreement between MCHB NS, Megah Sedaya Sdn Bhd (“MSSB”) and NS Corp; and Development Rights Agreement between NS Corp and MSSB on 19 June 2024 for the development of 1,000 acres of MVV 2.0 lands. Compleঞon of Bonus Issue of 625,672,809 new ordinary shares on the basis of one (1) bonus share for every two (2) exisঞng ordinary shares held in the Company on 26 February 2025. key corporate milestones � 2018 Memorandum of Understanding entered into between the Company and PT Bangun Kosambi Sukses and PT Nikko Sekuritas Indonesia for the joint development of an Islamic Financial District in Pantai Indah Kapuk 2, Jakarta. Joint-Venture Agreement entered into between the Company and PT Bangun Kosambi Sukses and PT Nikko Sekuritas Indonesia to jointly venture into the construcঞon and development of an Islamic Financial District in Indonesia. Subsequent issuance of Islamic Medium Term Notes of RM100.0 million in nominal value under the Sukuk Wakalah Programme. � 2019 Management Agreement entered into between Matrix Medicare Sdn Bhd (“MMSB”) and Pusat Hemodialisis Mawar wherein MMSB was appointed as the exclusive service provider in respect of the management of Mawar Medical Centre. Compleঞon of lisঞng of a total of 70.0 million placement shares which were placed out in four (4) tranches in relaঞon to the Private Placement. Joint-Venture cum Shareholders Agreement entered into between MGE Development Sdn Bhd and Bonanza Educare Sdn Bhd with a mutual objecঞve to provide efficient operaঞons and management of Matrix Global Schools based on an agreed business plan. Joint-Venture Agreement entered into between Matrix Concepts (Southern) Sdn Bhd and Koperasi Kemajuan Tanah Negeri Johor Berhad (“KKTNJB”) with a mutual objecঞve and purpose of carrying out mixed development projects on part of the land owned by KKTNJB. 2022 � Memorandum of Understanding entered into between NS Corporaঞon (“NS Corp”) and MCHB Development (NS) Sdn Bhd (“MCHB NS”) on 28 April 2022 to record both parঞes’ intenঞons to collaborate and carry out development on certain part of the lands in Malaysia Vision Valley (“MVV”) 2.0. Sale and Purchase Agreement entered into between NS Corp and N9 Matrix Development Sdn Bhd (“N9 Matrix”) on 24 August 2022 on the purchase of the 1,382–acres of the MVV 2.0 lands in Mukim Labu, Daerah Seremban, Negeri Sembilan. Compleঞon of Bonus Issue of 417,115,361 new ordinary shares on the basis of one (1) bonus share for every two (2) exisঞng ordinary shares held in the Company. 2023 � Memorandum of Collaboraঞon entered into between N9 Matrix and China Malaysia (Anhui) Industrial Investment Co., Ltd (“Anhui”) for sale by N9 Matrix to Anhui of a plot of land of approximately 193 acres of industrial land which is part of the 1,382 acres of the MVV 2.0 lands in Mukim Labu, Daerah Seremban, Negeri Sembilan that was acquired by N9 Matrix for development purposes. Strategic Collaboraঞon Agreement entered into between Matrix Educare Sdn Bhd and Adcote Internaঞonal Educaঞon Management Sdn Bhd (“AIEM”) and Ray Internaঞonal Educaঞon Management Limited (“Ray Group”) for collaboraঞon with AIEM and Ray Group for management and operaঞons of Matrix Global Schools. u u u u u u u u u 13 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 01 OVERVIEW
GROUP CORPORATE PROFILE “Nurturing Environments, Enriching Lives” Established in 1996 and listed on the Main Market of Bursa Malaysia since 28 May 2013, Matrix is a leading Malaysian property developer, dedicated to creating sustainable, community-driven environments that enhance quality of life. Our business is built on five core pillars—Property Development, Construction, Education, Hospitality, and Healthcare—enabling us to create synergies across our operations and strengthen the value of our developments. Notably, our flagship project, Bandar Sri Sendayan in Negeri Sembilan, exemplifies our commitment to quality and community development. Guided by our vision to be a caring community developer and our mission to deliver premier-quality developments, we integrate innovaঞon, sustainability, and a people-centric approach into every project. Beyond construcঞng buildings, we focus on shaping holisঞc living environments that foster connecঞvity, growth, and well-being. With a steadfast commitment to quality, sustainability, and long-term expansion, Matrix has extended its presence beyond Malaysia, with strategic ventures in Indonesia and Australia. As we conঞnue to grow, we remain dedicated to elevaঞng living standards and delivering developments that leave a lasঞng, posiঞve impact on society. At Matrix, we remain commied to fostering sustainable townships, elevaঞng lifestyles, and shaping a brighter future for the communiঞes we serve. 14 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 01 OVERVIEW
group corporate profile PROPERTY DEVELOPMENT • The Group is recognised as a Top 10 developer in Malaysia. • We have won mulঞple awards for our property development as a sustainable developer. • From land acquisiঞon, planning to construcঞon and delivery, we provide the best quality homes and experience to the purchasers. • We provide a conducive living environment and vibrant communiঞes to our home buyers. CONSTRUCTION • Our construcঞon arm, Matrix Excelcon Sdn Bhd serves as a key enabler to our developments, and brings vast experience in undertaking infrastructure, residenঞal and commercial projects. • Backed by the dedicated management team, all of our developments are delivered in ঞmely manner with utmost efficiency and compeঞঞve pricing which will exceed our customers’ expectaঞons of quality and services. EDUCATION • Adcote Matrix Schools (previously known as Matrix Global Schools), comprise of Matrix Private School, Matrix Internaঞonal School and Matrix Internaঞonal Pre-school located in one campus, focus with one vision and one mission. • We are a leading internaঞonal and private educaঞon provider in Negeri Sembilan in creaঞng new fronঞers where we live up to our tagline “Nulli Secunda” which is “second to none” in terms of our quality of educaঞon. • Our philosophy is to challenge our students to be intellectually curious, responsive and persistent; to be commied to and expressive of their ideas. HOSPITALITY • d’Tempat Country Club, designed to be a top-notch club in Negeri Sembilan, caters to the ever increasing needs of residents and guests for leisure, sporঞng and excellent dining faciliঞes. The Club also offers a perfect venue for all corporate funcঞons, meeঞngs, weddings and conferences. • d’Sora Bouঞque Business Hotel, a 3-Star contemporary business hotel, offers a complete range of faciliঞes that meet business needs and travellers’ comforts. HEALTHCARE • Through its 30-year management agreement with Pusat Hemodialisis Mawar (“PHM”), Matrix has now penetrated into the healthcare sector. Matrix Medicare Sdn Bhd, the Group’s subsidiary company, manages PHM’s non-clinical operaঞons of Mawar Medical Centre such as finance, administraঞon and human resources. • The partnership with PHM is a first step in realising the Group’s longheld ambiঞons towards establishing a full-fledged medical centre, while tapping on the potenঞal synergisঞc benefits of integraঞng its property development and healthcare businesses. MALAYSIA INDONESIA AUSTRALIA 15 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 01 OVERVIEW
ROBUST PERFORMANCE 16 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 02 PERFORMANCE
2021 2025 2022 2023 2024 2021 2025 2022 2023 2024 2021 2025 2022 2023 2024 2021 2022 2023 2024 2,225,274 2,136,381 2,003,625 1,910,379 1,807,735 1,150,731 1,344,073 1,113,058 892,396 1,127,599 274,923 332,406 260,662 268,396 340,808 214,845 245,844 202,805 200,866 253,082 2021 2025 2022 2023 2024 2021 2025 2022 2023 2024 2021 2025 2022 2023 2024 2021 20 2022 2023 2024 2,225,274 2,136,381 2,003,625 1,910,379 1,807,735 1,150,731 1,344,073 1,113,058 892,396 1,127,599 274,923 332,406 260,662 268,396 340,808 214,845 245,844 202,805 200,866 253,082 2021 2025 2022 2023 2024 2021 2025 2022 2023 2024 2021 2025 2022 2023 2024 2021 2025 2022 2023 2024 2,225,274 2,136,381 2,003,625 1,910,379 1,807,735 1,150,731 1,344,073 1,113,058 892,396 1,127,599 274,923 332,406 260,662 268,396 340,808 214,845 245,844 202,805 200,866 253,082 2025 2022 2023 2024 2021 2025 2022 2023 2024 2021 2025 2022 2023 2024 2021 2025 2022 2023 2024 2,225,274 2,136,381 2,003,625 1,910,379 1,150,731 1,344,073 1,113,058 892,396 1,127,599 274,923 332,406 260,662 268,396 340,808 214,845 245,844 202,805 200,866 253,082 FIVE-YEAR GROUP FINANCIAL HIGHLIGHTS SHAREHOLDERS’ EQUITY (RM’000) REVENUE (RM’000) PROFIT BEFORE TAXATION (RM’000) PROFIT AFTER TAXATION (RM’000) In RM’000 12 Months Audited 2025 12 Months Audited 2024 12 Months Audited 2023 12 Months Audited 2022 12 Months Audited 2021 Revenue 1,150,731 1,344,073 1,113,058 892,396 1,127,599 Cost of sales (647,627) (720,790) (624,272) (401,967) (562,354) Operaঞng expenses (242,789) (320,705) (250,244) (241,159) (242,879) Operaঞng profit 260,315 302,578 238,542 249,270 322,366 Other income 30,105 35,560 26,550 27,169 39,520 Finance cost (12,692) (5,082) (6,246) (11,452) (26,244) Share of net results of joint venture (2,805) (650) 1,816 3,409 5,166 Profit before taxaঞon 274,923 332,406 260,662 268,396 340,808 Taxaঞon (60,078) (86,562) (57,857) (67,530) (87,726) Profit a[er taxaঞon 214,845 245,844 202,805 200,866 253,082 Profit aributable to owners of the Company 214,026 244,308 207,220 205,198 262,223 Shareholders’ equity 2,225,274 2,136,381 2,003,625 1,910,379 1,807,735 Earnings per share (sen) 16.3 19.5 19.7 19.5 21.0 Return on equity 9.6% 11.4% 10.3% 10.7% 14.5% 17 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 02 PERFORMANCE
GROUP QUARTERLY PERFORMANCE In RM’000 First Quarter Second Quarter Third Quarter Fourth Quarter Year Ended 31.03.2025 Revenue 279,715 321,040 280,930 269,046 1,150,731 Cost of sales (139,327) (161,145) (134,796) (212,359) (647,627) Selling & markeঞng expenses (23,989) (37,776) (32,508) 21,168 (73,105) Administraঞve expenses (39,395) (40,897) (61,529) (27,863) (169,684) Other income 5,266 14,162 6,618 4,059 30,105 Operaঞng profit (include other income) 82,270 95,384 58,715 54,051 290,420 Finance cost (996) (4,546) (3,082) (4,068) (12,692) Share of net results in joint venture (191) (756) (853) (1,005) (2,805) Profit before taxaঞon 81,083 90,082 54,780 48,978 274,923 Taxaঞon (19,584) (21,719) (11,416) (7,359) (60,078) Profit a[er taxaঞon 61,499 68,363 43,364 41,619 214,845 Profit a[er taxaঞon aributable to owners of the Company 60,691 67,419 43,319 42,597 214,026 Earnings per share (sen) 4.85 5.39 3.46 2.60 16.3 Dividend per share (sen) 2.50 2.75 1.35 1.35 7.95 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 0 1 2 3 4 5 6 279,715 321,040 280,930 269,046 82,270 95,384 58,715 54,051 81,083 90,082 54,780 48,978 61,499 68,363 43,364 41,619 60,691 67,419 43,319 42,597 4.85 5.39 3.46 2.60 2.50 2.75 1.35 1.35 Revenue Operaঞng Profit Profit Before Taxaঞon Profit A[er Taxaঞon Profit A[er Taxaঞon Aributable to Owners of the Company Earnings per share Dividend per share Q1 Q2 Q4 Q3 (sen) (RM’000) 18 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 02 PERFORMANCE
DIVIDEND HIGHLIGHTS Financial Year Financial Period Date Of Payment Type Of Dividend Net Dividend (Sen) Dividend Paid (RM’ Million) Total Dividend Payout (RM’ Million) Dividend Payout Ratio (%) 2025 4Q25 10 July 2025 Interim Dividend 1.35 25.3 116.4 54.2 3Q25 10 April 2025 Interim Dividend 1.35 25.3 2Q25 09 January 2025 Interim Dividend 2.75 34.5 1Q25 10 October 2024 Interim Dividend 2.50 31.3 2024 4Q24 11 July 2024 Interim Dividend 2.50 31.3 125.2 50.9 3Q24 03 April 2024 Interim Dividend 2.50 31.3 2Q24 10 January 2024 Interim Dividend 2.50 31.3 1Q24 05 October 2023 Interim Dividend 2.50 31.3 2023 4Q23 06 July 2023 Interim Dividend 2.25 28.2 103.2 50.9 3Q23 06 April 2023 Interim Dividend 2.00 25.0 2Q23 12 January 2023 Interim Dividend 2.00 25.0 1Q23 06 October 2022 Interim Dividend 2.00 25.0 2022 4Q22 07 July 2022 Interim Dividend 3.75 31.3 104.3 52.0 3Q22 07 April 2022 Interim Dividend 3.75 31.3 2Q22 06 January 2022 Interim Dividend 3.00 25.0 1Q22 07 October 2021 Interim Dividend 2.00 16.7 2021 4Q21 08 July 2021 Interim Dividend 4.00 33.4 100.1 39.9 3Q21 08 April 2021 Interim Dividend 3.00 25.0 2Q21 08 January 2021 Interim Dividend 3.00 25.0 1Q21 08 October 2020 Interim Dividend 2.00 16.7 DIVIDEND PAYMENT PER ORDINARY SHARE FOR THE LAST 4 QUARTERS 2.50sen OCTOBER 2024 1.35sen APRIL 2025 2.75sen JANUARY 2025 1.35sen JULY 2025 SUMMARY OF DIVIDEND PAYOUT FOR FY2021 TO FY2025 Total Dividend Payout (RM’ million) Dividend Payout Raঞo (%) Total Dividend Payout (RM’ Million) Dividend Payout Raঞo (%) FY2021 FY2022 FY2023 FY2024 FY2025 120– 150– 90– 60– 30– 0 0 –10 –20 –30 –40 –50 –60 19 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 02 PERFORMANCE
MATRIX SHARE PRICE INDEX 1 April 2024 - 30 June 2025 SHARE PRICE PERFORMANCE SUMMARY OF BENCHMARK INDEX MOVEMENT Matrix Share 1 April 2023 - 30 June 2024 (RM) Matrix Share 1 April 2024 - 30 June 2025 (RM) Variance (%) KLSE Composite Index 1 April 2024 - 30 June 2025 KLSE Property Index 1 April 2024 - 30 June 2025 Opening 0.97 1.21 25.17 1,544.02 1,006.32 Closing 1.19 1.34 12.61 1,532.96 1,007.28 Movement 0.22 0.13 -11.06 0.96 Average 1.06 1.35 27.22 1,588.41 1,056.88 Lowest 0.92 1.17 27.17 1,400.59 890.23 Highest 1.22 1.61 31.97 1,678.80 1,160.74 Range 0.92 - 1.22 1.17 - 1.61 1,400.59 - 1,678.80 890.23 - 1,160.74 Median 1.03 1.34 1,599.69 1,066.78 (Source: Financial Times) Matrix Share 1 April 2023 - 30 June 2024 (units) Matrix Share 1 April 2024 - 30 June 2025 (units) Variance (%) KLSE Composite Index 1 April 2024 - 30 June 2025 (units) KLSE Property Index 1 April 2024 - 30 June 2025 (units) Average volume 2,809,458 2,678,084 -4.7 219,351,294 229,192,810 Volume median 2,014,724 1,956,150 -2.9 201,221,950 197,435,350 Notes: Opening : Value on 1 April Average : Average value for the whole period (Total/no. of days) Closing : Value on 30 June Range : The gap between lowest and highest value Movement : Difference of value between opening and closing Median : Middle value for the period 0.8 1.0 1.2 1.4 1.6 1 April 2023-30 June 2024 1 April 2024-30 June 2025 KLSE Composite Index 1 April 2024-30 June 2025 KLSE Property Index 1 April 2024-30 June 2025 20 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 02 PERFORMANCE
STATEMENT OF VALUE ADDED DISTRIBUTION AND SIMPLIFIED FINANCIAL STATEMENT Payments to Employees Total Borrowings Property, Plant and Equipment Right-of-use Assets Investment Properties Deferred Tax Assets Trade and Other Receivables Deposits, Cash and Bank Balances Inventories Payments to Suppliers and Partners Share Capital Government (Income Tax) Trade and Other Payables Repayment to Providers of Capital Long-Term and Deferred Payables Monies Distributed for Community Development (CSR) Retained Earnings Economic Value Retained Other Reservers Beyond direct financial values such as revenues and earnings, Matrix conঞnues to focus on the creaঞon of indirect financial values as per the following: Further explanaঞon on the Group’s financial performance for FY2025 is provided for in the Management Discussion and Analysis in this Report. FY2023 FY2024 FY2025 VALUE DISTRIBUTION STATEMENT (RM’000) SIMPLIFIED STATEMENT OF ASSETS (RM’000) SIMPLIFIED STATEMENT OF LIABILITIES AND SHAREHOLDERS’ EQUITY (RM’000) 92,564 104,717 112,577 511,040 587,758 471,912 153,132 414,482 345,618 5,220 167,522 ,259,229 714 3,068 2,759 315 315 315 04 0 541,919 210,693 203,810 188,506 466,970 410,474 420,541 250,232 378,119 186,953 1,171,150 1,114,147 1,828,832 36,976 39,852 53,591 2,743 4,769 3,668 30 15 0 0 57,753 86,550 60,078 197,832 226,558 175,051 8,263 10,321 15,280 92,564 104,717 112,577 511,040 587,758 471,912 153,132 414,482 345,618 1,045,220 1,167,522 1,259,229 341,714 393,068 382,759 961,315 961,315 961,315 243,604 145,370 541,919 210,693 203,810 188,506 466,970 410,474 420,541 250,232 378,119 186,953 1,171,150 1,114,147 1,828,832 36,976 39,852 53,591 2,743 4,769 3,668 30 15 0 24,510 0 0 (2,910) 7,544 4,730 57,753 86,550 60,078 197,832 226,558 175,051 8,263 10,321 15,280 92,564 104,717 112,577 511,040 587,758 471,912 153,132 414,482 345,618 1,045,220 1,167,522 1,259,229 341,714 393,068 382,759 961,315 961,315 961,315 243,604 145,370 541,919 210,693 203,810 188,506 466,970 410,474 420,541 250,232 378,119 186,953 1,171,150 1,114,147 1,828,832 36,976 39,852 53,591 2,743 4,769 3,668 30 15 0 24,510 2,910) 7,544 4,730 57,753 86,550 60,078 197,832 226,558 175,051 8,263 10,321 15,280 92,564 104,717 112,577 511,040 587,758 471,912 153,132 414,482 345,618 1,045,220 1,167,522 1,259,229 341,714 393,068 382,759 961,315 961,315 961,315 243,604 145,370 541,919 210,693 203,810 188,506 466,970 410,474 420,541 250,232 378,119 186,953 1,171,150 1,114,147 1,828,832 36,976 39,852 53,591 2,743 4,769 3,668 30 15 0 24,510 0 0 (2,910) 7,544 4,730 57,753 86,550 60,078 197,832 226,558 175,051 8,263 10,321 15,280 92,564 104,717 112,577 511,040 587,758 471,912 153,132 414,482 345,618 1,045,220 1,167,522 1,259,229 341,714 393,068 382,759 961,315 961,315 961,315 243,604 145,370 541,919 210,693 203,810 188,506 466,970 410,474 420,541 250,232 378,119 186,953 1,171,150 1,114,147 1,828,832 36,976 39,852 53,591 2,743 4,769 3,668 30 15 0 24,510 0 0 (2,910) 7,544 4,730 57,753 86,550 60,078 197,832 226,558 175,051 8,263 10,321 15,280 21 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 02 PERFORMANCE
ACCOLADES For Financial Year Ended 31 March 2025 1. The Edge Property Excellence Award 2024 • Top 10 Property Developers Award • No. 10 – Matrix Concepts Holdings Berhad 2. The Edge Billion Ringgit Club & Sustainability Award 2024 • Highest Return on Equity Over Three Years in the Property Below RM3 Billion Market Capitalisaঞon Matrix Concepts Holdings Berhad 3. Malaysia Developer Award 2024 • Rank No. 5 in Top 10 for Market Capitalisaঞon of RM1 Billion and above. 22 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 02 PERFORMANCE
accolades For Financial Year Ended 31 March 2025 4. StarProperty Award 2024 • The Cornerstone Award (Best Landed Development) - Bayu Sutera (Excellence) • The Skyline Award (Best High-Rise Residenঞal Development) - Levia Residence (Honors) • Reader’s Choice Awards – Most Heartwarming CSR • All Star Awards Top 10 Listed Company – 4th Placing 5. Sustainability & CSR Malaysia Awards 2024 • Company of The Year (Real Estate) - Best in Sustainability Iniঞaঞves 6. PropertyGuru Asia Awards Malaysia with iPropErty • People’s Choice Award - Top 10 Developers • Best Community Developer • Best Lifestyle Landed Development – Bayu Sutera, Bandar Sri Sendayan • Best High-End Landed Development (Central) – Resort Villa, Bandar Sri Sendayan 23 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 02 PERFORMANCE
CHAIRMAN’S STATEMENT To Our Esteemed Shareholders, As I reflect on the journey of Matrix Concepts Holdings Berhad (“Matrix” or “the Group”) over the past financial year, I am filled with a profound sense of gratitude and pride. On behalf of the Board of Directors, it is mY honour to present our Integrated Annual Report for the financial year ended 31 March 2025 (“FY2025”). This year marks our 12th Year of growth since our listing on the Main Board of Bursa MalaYsia, and I am delighted to share that Matrix has once again delivered a Year of STRONG performance, showcasing our resilience, adaptabilitY, and unwavering commitment to excellence. NAVIGATING A CHALLENGING ENVIRONMENT The FY2025 was one of contrasts - a year where global challenges tested our resolve, yet also presented opportuniঞes for growth and innovaঞon. Geopoliঞcal tensions, including the ongoing Ukraine-Russia conflict and instability in the Middle East, cast long shadows over the global economy. Supply chain disrupঞons, rising inflaঞon, and ঞghter monetary policies created a complex operaঞng environment, impacঞng industries and economies worldwide. Fluctuaঞons in interest rates worldwide have impacted borrowing costs and consumer spending paerns. Changes in regulatory frameworks, parঞcularly in sustainability and investment regulaঞons, have posed significant compliance challenges. Above all, climate change risks, such as flooding and increasing global temperature, threaten vital economic and environmental infrastructure. REVENUE RM1,150.7 MILLION PROFIT BEFORE TAX RM274.9 MILLION 24 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 03 KEY MESSAGES
chairman’s statement In Malaysia, these global headwinds were felt acutely. Rising inflaঞon, shrinking incomes, and increased costs of raw materials placed pressure on households and businesses alike. Notwithstanding the external pressures, Malaysia’s economy proved its business agility, recording a stronger growth in 2024, expanding by 5.1% (2023: 3.6%) on the back of robust domesঞc demand with strong investments, as well as a rebound in exports. The country’s sound financial system also provided a strong buffer against the effects of volaঞle global financial markets. Likewise, the Malaysia property market demonstrated remarkable resilience, with a total of 420,545 property transacঞons worth RM232.30 billion recorded in 2024, reflecঞng a 5.4% increase in volume and a 18.0% increase in value compared to 2023 (399,008 transacঞons worth RM196.83 billion). Government iniঞaঞves such as the MADANI Economy Framework, the Twel[h Malaysia Plan, and targeted measures like stamp duty exempঞons for first-ঞme homebuyers conঞnue to provide a lifeline to the sector. Addiঞonally, Bank Negara Malaysia’s decision to maintain the Overnight Policy Rate (“OPR”) at 3.00% further bolstered market confidence, creaঞng a stable foundaঞon for growth. Such factors above provide added assurance to the posiঞve growth of the property sector in Malaysia. DATO’ HAJI MOHAMAD HASLAH BIN MOHAMAD AMIN Non-Independent Non-Executive Chairman “The Malaysian property market demonstrated remarkable resilience, with a total of 420,545 property transactions worth RM232.30 billion recorded in 2024, reflecting a 5.4% increase in volume and a 18.0% increase in value compared to 2023.” 25 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 03 KEY MESSAGES
chairman’s statement As a homegrown developer, we take pride in our mission to cra[ tailored homeownership soluঞons. Our goal is to deliver spacious, affordable luxury homes in thriving townships -bringing the dream of homeownership to aspiring owners and making it a reality. PROPERTY DEVELOPMENT: BUILDING LEGACIES, CREATING VALUE The property development landscape in FY2025 was one of both challenges and triumphs. At Matrix, we have always believed that business forঞtude is not just about weathering storms but about emerging stronger, wiser, and more determined. Our REVIEW OF PERFORMANCE Against this challenging backdrop, Matrix achieved a total revenue of RM1,150.7 million in FY2025, a 14.4% decrease from RM1,344.1 million in FY2024. The decline was due to lower revenue recogniঞon. Our property development segment remained the cornerstone of our success. In FY2025, residenঞal properঞes contributed RM993.2 million in revenue, a 19.0% decrease from the previous year, while commercial and industrial properঞes generated RM93.1 million, 27.1% growth. These achievements were supported by our other business units, which brought in RM64.5 million in revenue in FY2025, 44.5% increase over FY2024. These figures are testament to the strength of our diversified porolio and our ability to adapt to market demands. The rapid adopঞon and growing dependence on digitalisaঞon in today’s business landscape have solidified our digital plaorms as integral components of our standard office operaঞons. We remain commied to pushing technological boundaries - enhancing efficiency, adapঞng our products to cater to the fast-evolving market trends and ulঞmately, ensuring saঞsfacঞon of our customers. unwavering commitment to excellence, coupled with decades of strategic foresight and business acumen, has enabled us to navigate the complexiঞes of the market in FY2025 and deliver a strong performance. During the year, we successfully launched over 10 projects at Sendayan Developments, with a Gross Development Value (“GDV”) of RM1,451.9 million. While this represented a 10.0% increase from the previous year’s GDV of RM1,320.1 million, the average take-up rate of 76.2% speaks volumes about the growing trust and acceptance of our developments, parঞcularly among homebuyers from the Klang Valley. “The group’s diversificaton drive is gradually showing encouraging signs. In fy2025 revenue from other business units grew by 44.5%, underpinning the group’s efforts in Diversifying its revenue Stream” Resort Villa, Bandar Sri Sendayan TOTAL ASSETS RM3,245.0 MILLION NET ASSETS PER SHARE RM1.19 26 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 03 KEY MESSAGES
RkJQdWJsaXNoZXIy NDgzMzc=