MATRIX INTEGRATED ANNUAL REPORT 2025

notes to the financial statements 31 march 2025 (cont’d.) 33. Operating segments (cont’d.) 33.2 Major customers There is no single customer that contributed more than 10% to the Group’s revenue. 34. Capital commitments GROUP COMPANY 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 Approved and contracted for: Purchase of land held for property development 7,749 455,032 – – Acquisiঞon of development right 446,043 59,003 – – 453,792 514,035 – – 35. Financial instruments Capital risk The objecঞve of the Group’s capital management is to safeguard the Group’s ability to conঞnue as a going concern while maximising the return to shareholders through the opঞmisaঞon of debt and equity balances. The Group’s overall strategy remains unchanged since previous financial years. The capital structure of the Group consists of debts and equity of the Group. The Group reviews the capital structure on a regular basis. As part of this review, the Group considers the cost of capital and the risks associated. Gearing ratio Debts are defined as loans and borrowings and lease liabiliঞes as disclosed in Notes 27 and 28, respecঞvely. Equity includes share capital, reserves, retained earnings and non-controlling interests. The gearing raঞo at end of the reporঞng period is as follows: GROUP 2025 RM’000 2024 RM’000 Loans and borrowings (Note 27) 541,919 145,370 Lease liabiliঞes (Note 28) 4,278 5,036 Debt 546,197 150,406 Equity 2,225,274 2,136,381 Total capital and debt 2,771,471 2,286,787 Debt to equity raঞo 25% 7% 212 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 07 FINANCIAL STATEMENTS

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