Kuala lumpur: Matrix Concepts Holdings Bhd posted a higher net profit of RM62.94 million for its fiscal first quarter ended June 30, 2025 (1Q 2026) compared to RM60.70 million in the same quarter of the preceding year. Revenue also increased to RM284.28 million from RM279.72 million previously, primarily due to higher revenue recognition from the property development segment, it said in a filing to Bursa Malaysia today.

According to BERNAMA News Agency, the property developer attributed the higher revenue to the continued encouraging performance of its second high-rise development in Kuala Lumpur, Levia Residence, which recorded revenue of RM26.6 million during the first quarter. The company noted that “following encouraging sales performance of Phase 1 and 2, Levia Residence is expected to continue contributing positively to the group’s financial performance.”

The group’s other business segments showed mixed performances as revenue remained stable at RM16 million in 1Q 2026 from RM16.2 million in the corresponding quarter, underlining a 1.3 per cent marginal decline.

On its prospects, the group stated that it is well-positioned to deliver continued growth, bolstered by resilient demand, particularly for its flagship Sendayan Developments in Seremban, Negeri Sembilan. “The development continues to attract homebuyers from the Klang Valley seeking affordable, high-quality housing outside the city centre. This demand is further bolstered by improving infrastructure, expanded road connectivity, and the wider adoption of remote and hybrid working arrangements,” it added.

The group has declared a single-tier first interim dividend of 1.75 sen per share, which will be paid on Oct 9, 2025.