management discussion and analysis NEW PROPERTY SALES Despite the revenue decline, the Group maintained strong sales momentum, securing new property sales of RM1,377.9 million for FY2025. The performance was largely driven by Sendayan Developments, which contributed RM1,041.7 million or 75.6% of total new sales. As of 31 March 2025, the Group’s unbilled sales stood at RM1,464.3 million, providing solid earnings visibility for the next 15 to 18 months. In the financial year under review, Matrix recorded an average take-up rate of 76.2% with 2,500 units launched at a total value of RM1,451.9 million, compared to FY2024 with total value of RM1,320.1 million. This performance underscores Matrix’s appeal, driven by its prime locaঞon, seamless connecঞvity, and family-friendly ameniঞes within a vibrant community. COSTS In FY2025, the cost of sales registered RM647.6 million, a decrease of 10.2% compared to RM720.8 million in FY2024. This is mainly aributable to stringent procedures in place and the result of the Group’s cost raঞonalisaঞon drive to monitor and review cost implicaঞons in every aspect of the Group’s aspiraঞons. EARNINGS In light of costs inflaঞonary pressures and challenging operaঞng condiঞons, Matrix recorded gross profit of RM503.1 million in FY2025, compared to RM623.3 million in FY2024. This effecঞvely resulted in the decrease of the Group’s gross profit margin to 43.7% from 46.4% reported in the previous year. The Group’s profit before tax (“PBT”) registered RM274.9 million, represenঞng a 17.3% decrease compared to FY2024. Similarly, the Group’s profit a[er tax (“PAT”) recorded RM214.8 million in FY2025, a decrease of 12.6% compared to FY2024. DIVIDENDS In FY2025, Matrix reinforced its commitment to shareholder returns, distribuঞng RM116.4 million in dividends, represenঞng 54.2% of a[er-tax earnings, while extending its 12-year unbroken record of quarterly payouts. The Group remains a standout dividend performer on Bursa Malaysia, having elevated its payout raঞo to 50% of annual profits since FY2022 - an increase from 40% - to deliver more substanঞal and consistent rewards to investors. “In FY2025, Matrix reinforced its commitment to shareholder returns, distributing RM116.4 million in dividends, representing 54.2% of after-tax earnings, while extending its 12-year unbroken record of quarterly payouts.” Levia Residence, Cheras 38 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 03 KEY MESSAGES
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