Kuala lumpur: OSK Holdings Bhd reported an 11% rise in net profit for the first quarter ending March 31, 2026, reaching RM138.04 million. The increase was driven by strong operating profit in its property and financial services segments, along with higher investment income from its stake in RHB Bank Bhd.

According to BERNAMA News Agency, the conglomerate also saw a 9% increase in revenue, amounting to RM434.65 million, up from RM400.58 million in the same period last year, as disclosed in a Bursa Malaysia filing today. OSK Holdings has interests in various sectors, including property, financial services, industries, hospitality, and investment holding.

During the quarter, the company experienced a 16% growth in operating profit to RM80.8 million, while profit from associates increased by 10% to RM92.4 million. The investment holding segment also saw a 13% rise in pre-tax profit to RM83.2 million, largely due to increased earnings from RHB Bank, in which OSK holds a 10.27% equity interest.

Executive Chairman Tan Sri Ong Leong Huat commented on the results, noting that despite ongoing geopolitical and economic challenges, the company continued to observe steady business fundamentals in its property and financial services sectors. He emphasized the group's strategic focus on prudent management, operational agility, and continued investment in growth opportunities to navigate the evolving business landscape.

Looking to the future, OSK Holdings remains cautiously optimistic amid ongoing geopolitical and economic uncertainties, including potential impacts from the West Asia crisis on construction, logistics, and raw material costs.