• Press Release

For Immediate Release

OSK Holdings Berhad Announces Improved FY2024 Performance at General Meetings

Shareholders Approved One for Two Bonus Shares and Final Dividend of 5.0 sen
Tan Sri Ong Leong Huat, Executive Chairman (fourth from right) flanked by (from left to right) Puan Farah Deba binti Mohamed Sofian, Independent Non-Executive Director; Puan Mazidah binti Abdul Malik, Independent Non-Executive Director; Mr. Ong Ju Xing, Deputy Group Managing Director;  Mr. Ong Ju Yan, Group Managing Director;  Mr. Leong Keng Yuen, Independent Non-Executive Director;  Dato’ Saiful Bahri bin Zainuddin, Executive Director;  Ms. Wong Wen Miin, Independent Non-Executive Director holding up the OSK Holdings Berhad integrated annual report 2024 after the end of the company's AGM and EGM.

Key highlights:

  • Revenue recorded at RM1.7 billion, up 3.75% from the previous year (FY2023: RM1.6 billion), Profit Before Tax at RM611.4 million, up 10% compared to previous year (FY2023: RM555.1 million); declared final dividend of 5.0 sen
  • Approved bonus issue of one bonus share for every two existing OSK shares at the Extraordinary General Meeting

Kuala Lumpur, 14 May 2025 – OSK Holdings Berhad (“OSKH” or “the Group”) concluded its 35th Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) – marking its first fully physical general meeting since 2019 – where shareholders approved the Group’s financial statements for the financial year ended 31 December 2024 (FY2024) and endorsed key corporate proposals, including the issuance of bonus shares.

The Group reported a revenue of RM1.66 billion for FY2024, marking a 3.75% increase from RM1.6 billion in the previous year. Profit before tax rose by 10% to RM611.4 million, up from RM555.1 million in FY2023.

 

The improved performance was supported by stronger contributions across most business segments. While the Industries segment recorded higher expenses, these were related to strategic investments, including the acquisition of two additional cable manufacturing plants in Johor, which is expected to enhance future production capacity once operational.

“We continue to see encouraging progress across our key segments, particularly in Property and Financial Services. The strategic investment in expanding our industrial capabilities is also expected to support long-term growth as the new facility ramps up production. As we move forward, we remain focused on operational excellence and seizing growth opportunities to deliver sustained value to our shareholders,” said OSK Holdings Berhad Executive Chairman Tan Sri Ong Leong Huat.

The Board proposed a single-tier final dividend of 5.0 sen per share for FY2024 (FY2023: 4.0 sen), bringing the total dividend for FY2024 to 8.0 sen (FY2023: 7.0 sen), which met shareholders’ approval at the AGM.

In the EGM, the shareholders approved the proposed bonus issue of one bonus share for every two existing OSK shares. This was aimed to reward shareholders by increasing their equity participation at no cost, to thank the shareholders for their continued trust and support in the Group’s vision over the years.​

Tan Sri Ong added, “We have delivered resilient results driven by our diversified portfolio and long-term growth strategy. The bonus issue and higher dividend payout demonstrate our appreciation to shareholders and our confidence in the Group’s future prospects.”

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SCAM ALERT

Impersonation is on the rise. OSK Holdings Berhad (“OSK Group” or “Company”) has been made aware of the presence of websites and agents soliciting investments from the public or offering loans, claiming to represent OSK Group, and those of its subsidiaries within the Property, Financial Services, Industries, and Hospitality sectors.

We implore the public to exercise discernment when encountering websites or individuals, and to exclusively refer to the official website at oskgroup.com, along with the web addresses and social media pages listed there, for authentic and verified information on OSK Group of Companies.