OSK lifts first-half profit 9% as Property and Financial Services lead growth
OSK Holdings Bhd reported a 9% year-on-year rise in first-half pre-tax profit to RM323.1 million on revenue of RM997.7 million for the six months ended 30 June 2026.
Source: OSK Holdings Berhad · August 28, 2026 at 6:30 PM · AI-assisted report
Single-source
KUALA LUMPUR, KEDAH, SELANGOR, NEGERI SEMBILAN, PENANG, KUANTAN, MELBOURNE, AUSTRALIA, 29 AUGUST 2026 —
OSK Holdings Bhd reported a 9% year-on-year rise in first-half pre-tax profit to RM323.1 million on revenue of RM997.7 million for the six months ended 30 June 2026.
Market Impact
Group revenue increased 9% to RM997.7 million while pre-tax profit climbed 9% to RM323.1 million, according to the filing. Operating profit grew 16% to RM175.5 million and profit from investing activities rose 4% to RM179.2 million. Profit attributable to owners of the Company increased 6% to RM281.5 million.
All segments recorded higher profits except Industries, which remained under pressure from higher operating expenses and raw-material costs. In the second quarter alone, revenue rose 30% quarter-on-quarter to RM563.1 million and pre-tax profit increased 4% to RM164.9 million.
Tan Sri Ong Leong Huat, Executive Chairman, said the first half reflected the strength of OSK’s diversified platform. “We have seen encouraging momentum in our Property and Financial Services businesses, while Hospitality is making a recovery as our hotels benefit from stronger demand,” he told reporters.
Property was the largest growth contributor, with revenue up 9% to RM435.3 million and pre-tax profit surging 39% to RM86.7 million. Higher revenue recognition from development projects, strong sales take-up and construction milestones supported the performance.
In the second quarter, Property revenue jumped 38% to RM252.6 million and pre-tax profit rose 21% to RM47.5 million. Flagship projects included Bandar Puteri Jaya and Taman Lang Aman in Sungai Petani, Alia and Bayu at Mori Park in Shah Alam, LEA by The Hills and Hana Hills in Taman Melawati, OSK Areca in Nilai and Harbour View Residence in Butterworth.
Overseas, the Group’s Melbourne Square joint venture maintained momentum. Phase 2 (BLVD) reached 81% take-up and Phase 3 (AURA), launched in April 2026, recorded 17% take-up. First-batch BLVD units are due for handover in the fourth quarter, with profits recognised upon settlement.
The Property Investment Division benefited from higher occupancy in office and retail assets, lifting leasing revenue. As at 30 June 2026, unbilled sales stood at RM1.5 billion and the Group’s land bank totalled 2,415 acres with an estimated gross development value of RM18.2 billion across Malaysia and Melbourne.
Financial Services revenue rose 12% to RM158.5 million and profit climbed 15% to RM69.8 million. Loan portfolios expanded to RM2.8 billion from RM2.6 billion a year earlier across Malaysia, Australia and Singapore. The segment expects further growth from stronger corporate loan demand while maintaining disciplined credit assessment and operational efficiency.
Hospitality revenue increased 13% to RM55.0 million while the pre-tax loss narrowed 46% to RM1.4 million. In the second quarter, revenue rose 14% to RM29.3 million and the segment returned to pre-tax profit of RM1.0 million, up from a RM2.4 million loss in the first quarter.
Swiss-Grand Beach Resort Kuantan operated at full capacity during the period, contributing to higher occupancy and average room rates across the Group’s hotels. Demand was supported by local tourism, conventions and events.
Industries revenue grew 9% to RM348.8 million but pre-tax profit fell 71% to RM5.9 million due to higher operating expenses and raw-material costs, especially in the Cable Division. On a sequential basis, Industries revenue rose 31% to RM198.0 million and pre-tax profit increased 31% to RM3.3 million as costs moderated after elevated first-quarter spending on machinery repairs and product certification.
The Cable Division is expected to benefit from sustained capital expenditure in power, data-centre development and government-led renewable energy and infrastructure projects. The Group will continue to focus on operational efficiencies, disciplined procurement and cost optimisation while monitoring geopolitical tensions, trade uncertainties, construction cost inflation and raw-material price volatility.
Tan Sri Ong said OSK would prioritise converting its pipeline into sustainable long-term value. “Our unbilled sales and sizeable land bank give visibility for Property, while the continued expansion of Financial Services strengthens our presence across three key markets,” he said.
OSK also warned the public about fraudulent websites and agents claiming to represent the Group. The company advised investors and the public to verify information only through its official website at oskgroup.com.
Related: OSK Holdings Berhad · Tan Sri Ong Leong Huat