OSK net profit rises 10pct in Q2 on strong multi-sector boost

KUALA LUMPUR: OSK Holdings Bhd posted a 10.3 per cent increase in net profit to RM142 million for the second quarter ended June 30, 2025 (2Q25), from RM128.7 million a year earlier.

This growth was fuelled by significant contributions from its industries, financial services, and property segments.

The company’s quarterly revenue also saw a substantial jump, rising 39 per cent to RM510.6 million from RM368.4 million.

The industries segment was the top performer, with revenue soaring by 163 per cent to RM198.8 million and pre-tax profit climbing 143 per cent to RM14.1 million.

This was primarily driven by increased sales from its cable division.

The financial services division also performed well, with a 36 per cent increase in revenue to RM73.7 million, due to a larger loan portfolio in both Malaysia and Australia.

The property division’s revenue remained stable at RM212.7 million.

The hospitality segment posted revenue of RM25.4 million, down from RM26.2 million previously, as earnings were impacted by Phase 2 refurbishment works at Swiss-Garden Beach Resort Kuantan.

The upgrades, which cover the ballroom, meeting and convention facilities, restaurants and common areas, temporarily affected key revenue streams such as food and beverage operations and conference events.

OSK has declared a single-tier interim dividend of 2.5 sen per share, based on its enlarged share base following the recent one-for-two bonus issue.

The payout, amounting to about RM77.3 million, will be distributed on Oct 16, 2025, compared with RM61.9 million paid for the interim dividend on Oct 4, 2024.

OSK said it has implemented firm measures to strengthen its cybersecurity framework, underscoring its commitment to safeguarding digital assets and maintaining operational resilience.

“Central to this year’s strategy is the deployment of a cyber risk management platform. This implementation enables comprehensive monitoring of our digital footprint, helping us identify vulnerabilities, manage third-party risks, and maintain a robust security hygiene across our ecosystem,” it said in a statement.

OSK said it has integrated AI-driven threat detection into its cybersecurity framework, enabling real-time monitoring of network activity and allowing potential risks to be identified and addressed before they escalate.

Group executive chairman Tan Sri Ong Leong Huat said these measures highlight OSK’s continued commitment to safeguarding its digital infrastructure, ensuring it remains secure, resilient and in line with best practices.

© New Straits Times Press (M) Bhd

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