management discussion and analysis Looking ahead, we are excited about our next major undertaking - the MVV City project in Negeri Sembilan. The Group will be leading the joint development of MVV City Phase 1, working in close partnership with the NS Corporaঞon, the state body of the Negeri Sembilan State Government. This ambiঞous 2,382-acre project, with a GDV of RM15 billion over 12 years, will encompass 1,000 acres of industrial space, 15,000 residenঞal units, and a 174-acre commercial lot. Its proximity to the planned High-Speed Rail project significantly reinforces its long-term growth potenঞal. With our first launch planned in FY2026, we are confident of boosঞng sales by an addiঞonal RM300 million in that financial year. In addiঞon to this, we are acঞvely pursuing landbanking opportunities to ensure a consistent pipeline of future projects. Various funding modes would be uঞlised, namely external funds for the acquisiঞon of MVV land, internal funds for the acquisiঞon of Horizon L&L Sdn Bhd Group of Companies, and a combinaঞon of internal and borrowings for new strategic land acquisiঞons. Our internaঞonal ventures are also progressing well. Following the complete sell-out of our M. Greenvale project in Melbourne, Australia, our focus has now shi[ed to our largest Australian project to date, M333 St Kilda. This mixed-use development, located near iconic Melbourne landmarks, is expected to generate substanঞal interest. In Indonesia, the compleঞon of our first development, Menara Syariah in Pantai Indah Kapuk 2, Jakarta, has boosted our current financial performance, paving the way for our next project launch in Indonesia. Looking strategically beyond property development, the Group is acঞvely growing our healthcare, educaঞon, and hospitality divisions. Our strategic partnership with Adcote Schools, United Kingdom, is enhancing our educaঞonal offerings and aracঞng a diverse student body and high-calibre internaঞonal educators and students alike. In the healthcare arena, our venture with MMC, under a Management Agreement, is yielding posiঞve results. Commencing FY2024, our healthcare division has begun providing a steady revenue stream, and the Group’s plans to increase paঞent beds in FY2026 to meet the local community’s growing demand for access to healthcare. The Group’s diversificaঞon strategy across mulঞple business areas, ensures our focus on expanding our revenue streams, thereby enabling our long-term sustainability and growth. Through our prudent approach and proven experience gained over the years, we are in a solid financial health, allowing the Group to explore strategic and profitable ventures moving forward. Our acঞve efforts to further diversify and strengthen our revenue streams are expected to be a key driver of our long-term sustainability and growth trajectory, hence providing value creaঞon for our esteemed stakeholders. DATO’ SERI LEE TIAN HOCK Group Executive Deputy Chairman 30 June 2025 Suria Heights - Semi-D Homes 49 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 03 KEY MESSAGES
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