KUALA LUMPUR: After an encouraging first quarter, OSK Holdings Bhd
said it continues to see steady business fundamentals across its property and financial services segments.
"While external uncertainties remain, we believe the group is well-positioned to navigate the evolving operating landscape through prudent management, operational agility, and continued investments in growth opportunities.
"We will continue building on our strong foundation to create sustainable value for our stakeholders over the long term," said executive chairman Tan Sri Ong Leong Huat in a statement.
In the first quarter ended March 31, 2026, OSK posted a net profit of RM138.05mil, up from RM124.28mil in the year-ago quarter. Earnings per share rose to 4.46 sen from 4.02 sen previously.
Quarterly revenue climbed to RM434.66mil from RM400.58mil in the previous comparative quarter.
According to the group, the porperty segment saw a 26% increase in pre-tax profit to RM39.2mil on the back of RM180mil in revenue. It said the improved performance was supported by continued sales and construction progress across the group’s ongoing township and high-rise residential developments nationwide.
As at March 31, 2026, the group’s effective unbilled sales stood at RM1.4bil with minimal unsold completed inventory.
OSK’s total land bank currently spans 2,457 acres with an estimated gross development value (GDV) of RM20bil across Malaysia and Melbourne, Australia.
The property investment division, meanwhile, remained stable with a slight improvement in the occupancy rates of the retail leasing segment.
The group said its financial services segment reported a 16% rise in pre-tax profit to RM35.7mil while revenue rose 11% to RM75.3mil.
"The stronger performance was mainly driven by the expansion of the loan portfolio across Malaysia and Australia, as well as positive contributions from the group’s newly established Singapore operations," it said.
As at March 31, 2026, the total loan portfolio stood at RM2.6bil, compared to RM2.4bil at the end of 1Q25.
Moving forward, the group said it remains cautiously optimistic amid ongoing geopolitical and economic uncertainties, including the impact of the Middle East crisis on construction, logistics, and raw material costs.
"Management will continue to focus on executing growth strategies, improving operational efficiency, pursuing disciplined procurement, and maintaining prudent management to safeguard margins and ensure sustainable long-term growth across its core business segments."
