OSK 1Q Net Profit Rises 11 Pct To RM138.04 Mln

KUALA LUMPUR, May 29 (Bernama) -- OSK Holdings Bhd posted a higher net profit in the first quarter ended March 31, 2026 (1Q FY2026) by 11 pct to RM138.04 million, supported by a stronger operating profit from the property and financial services businesses, and higher investment income from the group’s stake in RHB Bank Bhd. 

Revenue was also higher by nine per cent to RM434.65 million from RM400.58 million in the same quarter last year, stated the conglomerate in a Bursa Malaysia filing today.

OSK has diversified business interests in property, financial services, industries, hospitality, and investment holding.

During the quarter, operating profit grew 16 per cent to RM80.8 million, while profit from associates rose 10 per cent to RM92.4 million. 

The investment holding segment contributed a 13 per cent increase in pre-tax profit to RM83.2 million in 1Q FY2026, compared with 1Q FY2025, primarily attributable to increased earnings from RHB Bank. OSK holds a 10.27 per cent equity interest in RHB Bank. 

OSK executive chairman Tan Sri Ong Leong Huat said despite ongoing geopolitical and economic uncertainties, the company continue 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," he said. 

Looking ahead, the group remained cautiously optimistic amid ongoing geopolitical and economic uncertainties, including the impact of the West Asia crisis on construction, logistics, and raw material costs. 

-- BERNAMA