PETALING JAYA: OSK Holdings Bhd
has announced that its indirect wholly-owned subsi- diary OSK Asset Management (A) Pty Ltd, holder of an Australian Financial Services licence (AFSL), intends to commence financial services activities under the AFSL with effect from March 24, 2026.
In a filing with Bursa Malaysia, OSK said the services may include general financial product advice, dealing in and issuing securities and interests in its own managed investment schemes, hedging-related derivatives and foreign exchange transactions, and providing custodial or depository services to wholesale clients only.
“The board is of the opinion that commencing financial services activities under the AFSL is in the best interests of the company and its subsidiaries and that OSK Asset Management will, barring any unforeseen circumstances, contribute positively to the group.”
For its financial year ended Dec 31, 2025 (FY25), OSK reported revenue of RM1.9bil and pre-tax profit of RM634mil, up 12% and 4% respectively from RM1.7bil and RM611.4mil achieved in FY24.
Moreover, in a statement on its financial performance – announced in February – the group said the improvement was supported by stronger contributions across most business segments.
Operating profit rose 6% year-on-year to RM327.8mil, driven by higher revenue.
Profit from investing activities increased 3% to RM364.1mil, supported by improved contributions from RHB Bank.
“Profit attributable to owners of the company improved by 7% year-on-year to RM576mil,” it said.
