Skip to content
EXPANDING HORIZONS
TRANSCENDING BOUNDARIES

Embodies the essence of limitless exploration and innovation. It signifies a new growth commitment to pushing beyond the familiar and venturing into new realms of possibilities. This tagline reflects a desire to break barriers and surpassing expectations, driving progress and discovery. It highlights the pursuit of knowledge, technology, and human potential, striving for continuous growth and new horizons beyond conventional limits.

FOCUSED
DIRECTION
KEY MESSAGES
CHAIRMAN'S STATEMENT

TOTAL DIVIDEND
PAY-OUT

RM125.2m
50.0%

of FY24 PAT

NET PROFIT ATTRIBUTABLE
TO EQUITY HOLDERS

RM244.3m

YoY

17.0%

TO OUR
VALUED SHAREHOLDERS,

ON BEHALF OF THE BOARD OF DIRECTORS OF MATRIX CONCEPTS HOLDINGS BERHAD (“MATRIX” OR “THE GROUP”), I AM HONOURED TO PRESENT THE INTEGRATED ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 (“FY2024”).

I’M PLEASED TO INFORM THAT MATRIX CONTINUES TO DELIVER ANOTHER YEAR OF COMMENDABLE PROFITS IN OUR ELEVENTH YEAR OF PROGRESSIVE GROWTH SINCE OUR LISTING ON THE MAIN BOARD OF BURSA MALAYSIA.

DATO’ HAJI MOHAMAD HASLAH BIN MOHAMAD AMIN

Non-Independent Non-Executive Chairman

DOWNLOAD CHAIRMAN’S STATEMENT PDF
KEY MESSAGES
MANAGEMENT DISCUSSION & ANALYSIS

REVENUE

RM1,344.1m

YoY Growth

20.0%

PROFIT BEFORE TAX

RM332.4m

YoY Growth

27.0%

ABOUT MATRIX

THE UNIQUE BUSINESS MODEL OF MATRIX CONCEPTS HOLDINGS BERHAD (“MATRIX” OR “THE GROUP”) LIES IN OUR CORE OPERATION OF PROPERTY DEVELOPMENT, SUPPORTED BY THE GROUP’S OTHER BUSINESS OPERATIONS COMPRISING CONSTRUCTION, EDUCATION, HOSPITALITY AND HEALTHCARE.

ADDITIONAL INFORMATION ON THE GROUP’S CORPORATE PROFILE, ITS BUSINESS MODEL AND VALUE CREATION MAY BE FOUND IN THE ABOUT US AND STRATEGIC REVIEW SECTIONS OF THIS INTEGRATED ANNUAL REPORT 2024 (“IAR2024”).

HO KONG SOON

Group Managing Director

DOWNLOAD MANAGEMENT DISCUSSION & ANALYSIS PDF
FUTURE
FORWARD
PERFORMANCE
FIVE-YEAR GROUP FINANCIAL HIGHLIGHTS
SHAREHOLDERS’ EQUITY

(RM’000)

2020

1,605,130

2021

1,807,735

2022

1,910,379

2023

2,003,625

2024

2,136,381
REVENUE

(RM’000)

2020

1,283,406

2021

1,127,599

2022

892,396

2023

1,113,058

2024

1,344,073
PROFIT BEFORE TAXATION

(RM’000)

2020

337,610

2021

340,808

2022

268,396

2023

260,662

2024

332,406
PROFIT AFTER TAXATION

(RM’000)

2020

234,453

2021

253,082

2022

200,866

2023

202,805

2024

245,844
PERFORMANCE
DIVIDEND HIGHLIGHTS
OCT 2023
2.50 SEN
JAN 2024
2.50 SEN
APR 2024
2.50 SEN
JUL 2024
2.50 SEN
OVERVIEW
5 CORE BUSINESSES
PROPERTY DEVELOPMENT

> In Malaysia, we are within the top 10 property developers.

> We have won multiple awards for our property development by being a sustainable developer.

> From land acquisition, planning to construction and delivery, we provide the best quality homes and experience to the purchasers.

> We provide a conducive living environment and vibrant communities to our home buyers.

 

CONSTRUCTION

> Our construction arm, Matrix Excelcon Sdn Bhd serves as a key enabler to our developments, and brings vast experience in undertaking infrastructure, residential and commercial projects.

> Backed by the dedicated management team, all of our developments are delivered in timely manner with utmost efficiency and competitive pricing which will exceed our customers’ expectations of quality and services.

 

EDUCATION

> Matrix Global Schools comprise of Matrix Private School, Matrix International School and Matrix International Preschool located in one campus, focus with one vision and one mission.

> We are a leading international and private education provider in Negeri Sembilan in creating new frontiers where we live up to our tagline “Nulli Secunda” which is “second to none” in terms of our quality of education.

> Our philosophy is to challenge our students to be intellectually curious, responsive and persistent; to be committed to and expressive of their ideas.

 

HOSPITALITY

> d’Tempat Country Club, designed to be a top-notch club in Negeri Sembilan, caters to the ever increasing needs of residents and guest for leisure, sporting and excellent dining facilities. The Club also offers a perfect venue for all corporate functions, meetings, weddings and conferences.

> d’Sora Boutique Business Hotel, a 3-Star contemporary business hotel, offers a complete range of facilities that meet business needs and travellers’ comforts

 

HEALTHCARE

> Through its 30-year management agreement with Pusat Hemodialisis Mawar (“PHM”), Matrix has now penetrated into the healthcare sector. Matrix Medicare Sdn Bhd, the Group’s subsidiary company, manages PHM’s non-clinical operations of Mawar Medical Center such as finance, administration and human resources.

> The partnership with PHM is a first step in realising the Group’s longheld ambitions towards establishing a fullfledged medical centre, while tapping on the potential synergistic benefits of integrating its property development and healthcare businesses.

 

VALUE CREATION STRATEGIC REVIEW
THE BUSINESS MODEL AT WORK: OUR PROPERTY VALUE CHAIN

LANDBANKING

It is imperative that land be purchased at the right pricing and location. Where relevant, land should come with approved high plot ratios to facilitate developments that are more commercially viable and meet market demand.

MARKET RESEARCH/FEASIBILITY STUDY

A consummate understanding of market requirements is essential towards ensuring that the right product is developed at the right location for the right target market, and at the right (affordable) price range.

DESIGN & MASTERPLANNING

In masterplanning, consumer insights must be considered along with land limitations, legal requirements, feasibility studies, competitors’ products and other factors.

REGULATORY APPROVAL AND PROJECT FINANCING

Full and speedy approvals are vital. Any delays would affect project launch dates, which will impact sales and also construction works.

PROJECT LAUNCH

Consideration must be given on positioning the unique value proposition of the project. The ownership proposition developed for buyers must be attuned to present economic conditions.

CONSTRUCTION WORKS

Construction works must progress as per schedule and must be undertaken towards achieving desired quality at every stage of development. Other considerations include environmental and social impacts.

VACANT POSSESSION

Units ready for handover should have a low defect rate and should be ready on time to avoid fines for Liquidated Ascertained Damages (LAD) due to late delivery.

PROJECT/ TOWNSHIP MANAGEMENT

Customer management activities should be systemised towards forging a long-lasting, mutually beneficial relationship.
SUSTAINABILITY REPORT
DOWNLOAD LINKS

Copyright © 2025 Matrix Concepts Holdings Berhad 199601042262 (414615-U)

Back To Top