KUALA LUMPUR: OSK Holdings Bhd

posted a slightly higher net profit of RM143.41 million in the second quarter ended June 30, 2026 (2Q 2026), compared with RM142.00 million in the corresponding quarter last year.

Revenue also increased to RM563.07 million from RM510.61 million, the group said in a Bursa Malaysia filing today.

In a separate statement, OSK Holdings said all business segments recorded higher profits during the period, except the industries segment, which remained affected by elevated operating expenses and cost pressures.

Executive chairman Tan Sri Ong Leong Huat said the first half of 2026 reflected the strength and breadth 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. Importantly, we are also seeing encouraging signs within our Industries segment on a sequential basis,” he added.

He said that while the operating environment remains challenging, the group remains focused on executing well, maintaining discipline and positioning each business to capture opportunities where it sees sustainable demand.

OSK said its property segment remains the group’s largest growth contributor, with revenue rising nine per cent year-on-year to RM435.3 million and pre-tax profit increasing 39 per cent to RM86.7 million. It said the improvement was supported by higher revenue recognition from ongoing development projects, healthy sales take-up, progress billings and construction milestones.

In the second quarter, the segment’s revenue rose 38 per cent quarter-on-quarter to RM252.6 million, while pre-tax profit advanced 21 per cent to RM47.5 million.

The group said key contributors were Bandar Puteri Jaya and Taman Lang Aman in Sungai Petani (Kedah), Alia and Bayu at Mori Park in Shah Alam (Selangor), LEA by The Hills and Hana Hills in Taman Melawati (Kuala Lumpur), OSK Areca in Nilai (Negeri Sembilan), and Harbour View Residence in Butterworth (Penang).

Meanwhile, the company’s financial services segment recorded a 12 per cent increase in revenue to RM158.5 million, while profit rose 15 per cent to RM69.8 million. 

"Growth was underpinned by the expansion of the loan portfolio across Malaysia, Australia and Singapore, with total outstanding loans reaching RM2.8 billion as at June 30, 2026, compared with RM2.6 billion a year earlier. The segment is expected to benefit from strengthening corporate loan demand as it continues its strategic expansion across these markets. At the same time, the business remains focused on disciplined credit assessment, portfolio quality and greater operational efficiency,” it said. 

For the hospitality segment, revenue increased 13 per cent year-on-year to RM55.0 million, while its pre-tax loss narrowed to RM1.4 million from RM2.5 million previously. "The turnaround gained further momentum in 2Q 2026, with revenue rising 14 per cent quarter-on-quarter to RM29.3 million, while the segment returned to a pre-tax profit of RM1.0 million from a pre-tax loss of RM2.4 million in the preceding quarter,” the group noted. 

Looking ahead, OSK said its cable division is positioned to benefit from sustained capital expenditure in the power sector, the expansion of data centre development, and government-led renewable energy and infrastructure projects. "The group will continue to manage cost and margin pressures through operational efficiencies, disciplined procurement and cost optimisation, while remaining alert to geopolitical tensions, trade uncertainties, construction cost inflation and raw material price volatility,” it added. - Bernama