Kuala lumpur: OSK Holdings Bhd reported a slightly increased net profit of RM143.41 million for the second quarter ended June 30, 2026, as compared to RM142.00 million in the same quarter last year. The company's revenue also saw growth, reaching RM563.07 million from RM510.61 million, as noted in a filing with Bursa Malaysia today.
According to BERNAMA News Agency, OSK Holdings revealed that all business segments experienced higher profits during this period, with the exception of the industries segment, which continued to face challenges due to elevated operating expenses and cost pressures. Executive Chairman Tan Sri Ong Leong Huat emphasized the strength and breadth of OSK's diversified platform, highlighting encouraging momentum in their property and financial services sectors, alongside a recovery in hospitality driven by increased hotel demand. He acknowledged the challenging operating environment but assured that the group remains focused on seizing sustainable demand opportunities through disciplined execution.
The property segment stood out as the group's largest growth contributor, with revenue increasing nine percent year-on-year to RM435.3 million and pre-tax profit rising 39 percent to RM86.7 million. This growth was attributed to higher revenue recognition from ongoing development projects, healthy sales take-up, progress billings, and construction milestones. In the second quarter, the segment's revenue surged 38 percent quarter-on-quarter to RM252.6 million, while pre-tax profit climbed 21 percent to RM47.5 million. Key contributors included projects such as 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.
The financial services segment also showed robust performance, with a 12 percent increase in revenue to RM158.5 million and a 15 percent rise in profit to RM69.8 million. Growth was driven by the expansion of the loan portfolio across Malaysia, Australia, and Singapore, with total outstanding loans reaching RM2.8 billion as of June 30, 2026, compared to RM2.6 billion a year earlier. The segment is poised to benefit from strengthening corporate loan demand and continues its strategic expansion while maintaining a focus on disciplined credit assessment, portfolio quality, and operational efficiency.
In the hospitality segment, revenue rose 13 percent year-on-year to RM55.0 million, and pre-tax losses narrowed to RM1.4 million from RM2.5 million previously. The segment experienced further turnaround momentum in the second quarter, with a 14 percent quarter-on-quarter revenue increase to RM29.3 million, returning to a pre-tax profit of RM1.0 million from a previous loss of RM2.4 million.
Looking ahead, OSK expressed optimism for its cable division, which is positioned to benefit from sustained capital expenditure in the power sector, data center development, and government-led renewable energy and infrastructure projects. The group plans to manage cost and margin pressures through operational efficiencies, disciplined procurement, and cost optimization while remaining vigilant regarding geopolitical tensions, trade uncertainties, construction cost inflation, and raw material price volatility.