management discussion and analysis Matrix’s strategic expansion into Melbourne, Australia and Jakarta, Indonesia has succeeded in diversifying its porolio while building internaঞonal brand credibility. These ventures demonstrate the Group’s ability to adapt its township experঞse to different markets, miঞgaঞng domesঞc risks while gaining valuable cross-border insights. Matrix remains commied to diversifying its business porolio through strategic expansion in healthcare, hospitality, and educaঞon sectors. These non-core operaঞons, along with the Group’s internaঞonal ventures, are being culঞvated as complementary revenue streams that will enhance long-term growth stability. With a view to strategically align with our direcঞon for cost efficient and streamlined operaঞons, we concluded the disposal of a factory previously owned by our subsidiary, Matrix IBS Sdn Bhd in July 2024. This allowed the Group to progress forward effecঞvely without having to navigate logisঞcs and procurement issues. Matrix strives to deliver on modern lifestyle needs through quality housing offerings with strategic pricing ঞers and adaptable financing soluঞons. In FY2025, 66.9% of its properঞes were priced at RM600,000 or below, catering specifically to middle-income buyers, including first-ঞme homeowners and upgraders, while ensuring affordability aligns with high standards of quality and design. In FY2025, Matrix conঞnued to capitalise on the established and sought a[er products in Sendayan, mainly capturing buyers from Kuala Lumpur, enঞced by the excellent road networks, safe and vibrant township environment, and mainly value of our products. Addiঞonally, the Group conঞnues to strengthen the sustainability of its property development operaঞons by securing the 1,000-acre MVV City land, to complement the 1,382-acre land purchased in the financial year before. The development of this diverse business porolio further enhances Matrix’s reputaঞon as a developer with global capabiliঞes, strengthening investor confidence, creaঞng new revenue streams and essenঞally, forming a more resilient, future-ready business model. For specific details of the Group’s diverse business segment, do review the relevant sub-segments in this Management Discussion and Analysis. REVIEW OF FINANCIAL PERFORMANCE INDICATOR FY2025 (RM’000) FY2024 (RM’000) DIFFERENCE (%) Group revenue 1,150,731 1,344,073 (14.4) Cost of sales 647,627 720,790 (10.2) Group operaঞng expenses 242,789 320,705 (24.3) Finance cost 12,692 5,082 149.7 Group profit before taxaঞon 274,923 332,406 (17.3) Group profit a[er taxaঞon 214,845 245,844 (12.6) Shareholders’ equity 2,225,274 2,136,381 4.2 Total assets 3,245,049 2,706,226 19.9 Total liabiliঞes 1,033,190 584,079 76.9 Capital expenditure 4,340 1,778 144.1 Borrowings 541,919 145,370 272.8 Cash and cash equivalents 119,921 328,285 (63.5) Debt to equity raঞo 46.4% 27.3% 70.4 Earnings per share (sen) 16.32 19.52 (16.4) Net assets per share (RM) 1.19 1.71 (30.6) Market capitalisaঞon 2,515,209 2,252,425 11.7 Dividends 116,375 125,200 (7.0) Dividend pay-out raঞo to profits 54.2% 50.9% 6.7 35 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 03 KEY MESSAGES
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