KUALA LUMPUR: Matrix Concepts Holdings Bhd is targeting RM1.3 billion of new property sales in financial year ending March 31, 2025 (FY25), with a strategic launch pipeline exceeding RM1.6 billion.
The property sales will be located across key regions including Negri Sembilan, Klang Valley and Johor.
Matrix Concepts has set its sights on its next major phase of transformative growth, underscored by a robust development pipeline exceeding RM20 billion over the next decade.
For FY24, Matrix Concepts reported its second-highest net profit on record of RM246.5 million, a significant 18.9 per cent increase compared to the previous year.
This was on the back of RM1.3 billion in revenue, its highest to date.
Additionally, new property sales for FY24 grew to RM1.25 billion, driven by strong demand across its diversified property portfolio.
A major future growth catalyst for Matrix Concepts is the planned Malaysia Vision Valley City development (MVV City), a joint venture with state-owned NS Corporation in Negri Sembilan.
"MVV City offers a balanced mix of residential, commercial, industrial, institutional, recreational and retail elements.
"Its strategic locality is aimed to capitalise on the spillover demand for quality housing from Klang Valley and is expected to significantly boost Matrix Concepts' future revenue streams," it said.
MVV Ciry has an initial estimated gross development value (GDV) of RM12 billion over a 12-year period.
It will be developed in parallel with the group's flagship Sendayan Developments.
Matrix Concepts chairman Datuk Mohamad Haslah Mohamad Amin said the company has established its position as a leading developer that transformed the landscape of living experiences for communities across the country.
"The launch of MVV City, slated in financial year 2026, will serve as a major game-changer and propel Matrix to greater heights amongst the elite property developers in Malaysia.
"Leveraging on our experience, we hope to replicate and elevate the execution success at Sendayan Developments," he said.
"We are already seeing encouraging response for our industrial properties and mulling on bringing forward these launches to fulfill this demand, following the success of our fully sold industrial properties at Sendayan Tech Valley."
Haslah said it also looks forward to growing contributions from its other business units.
"In the past, we have mentioned our intent to diversify our revenue stream, and the positive outlook from Mawar Medical Centre is fair impression on the seriousness of our efforts," he said.
The restructuring of Mawar Medical Centre, is projected to contribute about five per cent to the group's earnings moving forward.