management discussion and analysis ASSETS AND LIABILITIES Matrix conঞnues to maintain a robust financial posiঞon, with assets comfortably exceeding liabiliঞes, thus ensuring comfortable management of financial obligaঞons. In FY2025, Group assets stood at RM3,245.0 million, reflecঞng a 19.9% increase compared to RM2,706.2 million in FY2024. The Group’s non-current assets for the financial year under review registered RM1,589.5 million, an increase of 30.8%. This is primarily aributable to robust landbanking iniঞaঞves in support of MVV strategic plans. Non-Current Assets FY2025 (RM’000) FY2024 (RM’000) DIFFERENCE (%) Property, plant and equipment 188,506 203,810 (7.5) Right-of-use assets 3,668 4,769 (23.1) Investment properঞes – 15 – Investment in joint venture company 141,186 143,991 (1.9) Inventories 1,098,307 721,223 52.3 Other receivables, deposits and prepayments 104,229 101,139 3.1 Deferred tax assets 53,591 39,852 34.5 Total non-current assets 1,589,487 1,214,799 30.8 Current Assets FY2025 (RM’000) FY2024 (RM’000) DIFFERENCE (%) Inventories 730,525 392,924 85.9 Trade and other receivables 316,312 309,335 2.3 Contract assets and contract cost assets 396,511 397,257 (0.2) Tax recoverable 25,261 13,792 83.2 Deposits, cash and bank balance 186,953 378,119 (50.6) Total current assets 1,655,562 1,491,427 11.0 TOTAL ASSETS 3,245,049 2,706,226 19.9 Non-Current Liabilities FY2025 (RM’000) FY2024 (RM’000) DIFFERENCE (%) Borrowings 444,397 85,069 422.4 Lease liabiliঞes 2,837 3,417 (17.0) Deferred tax liabiliঞes 48 48 0 Total non-current liabilities 447,282 88,534 405.2 Current Liabilities FY2025 (RM’000) FY2024 (RM,000) DIFFERENCE (%) Trade and other payables 382,759 393,068 (2.6) Borrowings 97,522 60,301 61.7 Lease liabiliঞes 1,441 1,619 (11.0) Contract liabiliঞes 97,545 24,260 302.1 Tax payable 6,641 16,297 (59.3) Total current liabilities 585,908 495,545 18.2 TOTAL LIABILITIES 1,033,190 584,079 76.9 39 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 03 KEY MESSAGES
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