Matrix Concepts records RM416.7m in 1Q27 sales as geographic diversification gains traction

Matrix Concepts Holdings Berhad reported a total revenue of RM416.7 million in the first quarter of 2027, marking an 11.0% increase from the previous year's quarter. The company's property development division continued to lead, accounting for 93.8% of the total revenue with RM296.0 million in sales. In Negeri Sembilan, the Sendayan Developments were the key driver, generating RM235.3 million in sales and revenue.

The Group's strategic expansion into Malaysia Vision Valley City (MVV) City, an industrial project, marked a significant growth catalyst, contributing RM96.8 million in sales and revenue. This project's success is attributed to its prime location near Kuala Lumpur and KLIA. Other divisions, including education, hospitality, healthcare, and building materials, collectively generated RM19.6 million in revenue.

Geographic diversification played a crucial role in the company's expansion, with strong performances in the Klang Valley and Selangor. In Klang Valley, Levia Residence saw a remarkable 98.0% increase in sales, reaching RM52.7 million. Meanwhile, Selangor's Horizon developments contributed RM15.2 million in sales and revenue. In Johor, Bandar Seri Impian benefited from improved rail connectivity, resulting in a 42.2% increase in sales to RM21.8 million.

Overall, Matrix Concepts Holdings Berhad demonstrated robust operational momentum, with property development remaining the primary engine of growth while actively diversifying its income base into new sectors.