OSK posts 9pct revenue growth in Q1 2025, supported by diversified segments
Group executive chairman Tan Sri Ong Leong Huat said, "Despite the challenging operating environment, our diversified business model has enabled us to sustain earnings and strengthen our fundamentals across key segments."
The financial services segment saw revenue jump 27 per cent to RM67.9 million, with pre-tax profit rising 18 per cent to RM30.9 million, driven by loan portfolio growth in Malaysia and Australia. Outstanding loans rose to RM2.4 billion from RM1.7 billion a year ago.
The investment holdings division posted a pre-tax profit of RM73.7 million, up from RM68.5 million, supported by stronger contributions from RHB Group.
Revenue in the industries segment surged 41 per cent to RM120.8 million, though pre-tax profit slipped to RM5.7 million due to costs tied to newly acquired cable factories in Johor Bahru. Excluding those, segment profit stood at RM12 million. OSK said it is upgrading its Melaka facilities to boost capacity.
The IBS division continues to generate steady revenue amid consistent demand.
The property segment recorded revenue of RM188.5 million and pre-tax profit of RM31.2 million, down from RM204.7 million and RM36.9 million, respectively, in Q1 2024, due to the absence of a high-margin project.
OSK is maintaining momentum in its property development activities, with upcoming launches on track and efforts focused on meeting construction milestones while managing costs.
As of March 31, 2025, the group's unbilled sales stood at RM1.2 billion, with a minimal level of unsold completed stock, reflecting sustained demand.
The group holds a 2,083-acre land landbank with an estimated effective gross development value (GDV) of RM17.7 billion across key regions in Malaysia and Australia.
Meanwhile, the group's property investment division continued to generate stable income from its office and retail portfolios.
The hospitality segment posted RM23.4 million in revenue for Q1 2025 with a pre-tax loss of RM1.5 million, compared to a smaller loss of RM0.7 million last year. The higher loss was attributed to ongoing refurbishments at Swiss-Garden Beach Resort Kuantan, which temporarily impacted revenue from F&B and MICE segments.
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