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MATRIX INTEGRATED ANNUAL REPORT 2025

Annual Report 2025 1
Inside This Report 3
About This Report 4
Vision and Mission 10
Corporate Information 11
Corporate Structure 12
Key Corporate Milestones 14
Group Corporate Profile 16
Five-Year Group Financial Highlights 19
Group Quarterly Performance 20
Dividend Highlights 21
Share Price Performance 22
Statement of Value Added Distribution and Simplified Financial Statement 23
Accolades 24
Chairman's Statement 26
Management Discussion and Analysis 34
Board of Directors' Profiles 52
Group Advisor's Profile 61
Chief Executive Officers' Profiles 62
Executive Director Cum Chief Financial Officer's Profile 64
Management Team 65
Value Creation and Performance 70
Our Operating Environment 71
Responding Proactively Through Our Business Model 78
Value Chain and Business Processes 80
Matters Material to Value Creation 84
Governance 85
Risk Management 86
Strategies Employed - Risks and Opportunities Identification 87
Climate Risks Assessment 104
Forward Focus - Our Strategic Priorities 111
Value Creation Model 114
Corporate Governance Overview Statement 116
Audit Committee report 129
Statement on Risk Management And Internal Control 134
Statement of Responsibility by Directors 141
Directors' Report 143
Statement by Directors 149
Independent Auditors' Report to the Members of Matrix Concepts Holdings Berhad 150
Statement of Comprehensive Income 155
Consolidated Statement of Financial Position 156
Statement of Financial Position 158
Statements of Changes in Equity 159
Statements of Cash Flows 161
Notes to the Financial Statments 165
Corporate Information 165
Summary of Material Accounting Policies 165
Significant Accounting Judgements, Estimates and Assumptions 176
Revenue 178
Cost of Sales 178
Profit Before Taxation 179
Income Tax Expenses 180
Earnings Per Share 182
Dividend 183
Investment in Subsidiaries 183
Investment in Joint Venture 188
Property, Plant and Equipment 189
Investment Properties 191
Right-of-Use-Assets 191
Goodwill 192
Inventories 192
Other Receivables 194
Contract Cost Assets 195
Amount Due to From/(To) Subsidiaries 196
Deferred Tax (Assets)/Liabilites 197
Trade Receivables 198
Contract Assets/(Liabilities) 200
Cash and Bank Balances 201
Share Capital 202
Reserves 202
Retained Earnings 202
Loan and Borrowings 203
Lease Liabilities 204
Trade Payables 205
Other Payables 205
Related Party Disclosures 206
Director's Remuneration 208
Operating Segments 209
Capital Commitments 214
Financial Instruments 214
Subsequent Event 218
Additional Information 219
List of Properties 220
Recurrent Related Party Transactions 223
Analysis of Shareholdings 224
Top Thirty (30) Largest Shareholders 226
Notice of Annual General Meeting 228
Statement Accompanying Notice of Annual General Meeting 232
Proxy Form 233

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