DailySpaceOSK Holdings Berhad
5053 · Main Market主板 · annual reports 2023 to 2025, 777 entries read2023 至 2025 年报，共读出 777 条
The company这家公司
OSK Holdings Berhad is a group reporting revenue from external parties in several segments, whose grouping it reorganised in 2024.OSK Holdings Berhad 是一家外部营业额来自多个分部的集团，并于 2024 年重组了分部划分。
Source: annual report 2023, page 196; annual report 2024, page 12; annual report 2025, page 109.出处：2023 年年报第 196 页；2024 年年报第 12 页；2025 年年报第 109 页。
In 2025, revenue from external parties totalled RM1,855.8 million. In addition, an associate, RHB Bank Berhad, in which the group holds a 10.27% equity stake, contributed RM345.3 million in share of profit and RM192.5 million in cash dividend income.2025 年，外部营业额合计 RM1,855.8 million。此外，集团持有 10.27% 股权的联营公司 RHB Bank Berhad 贡献了 RM345.3 million 的应占盈利及 RM192.5 million 的现金股息收入。
Source: annual report 2025, pages 31, 109.出处：2025 年年报第 31、109 页。
In the 2023 report, the division claimed unbilled sales of RM1.2 billion, whereas the note on unsatisfied performance obligations recorded RM616.2 million, down from RM897.4 million in 2022. In 2024, unbilled property sales were stated at RM1.1 billion, while the note on unsatisfied obligations showed RM550.9 million. In 2025, unbilled sales were stated at RM1.3 billion (and RM1,343 million in the property review), whereas the note recorded RM788.4 million.2023 年年报中，该部门称未入账销售额为 RM1.2 billion，而未履行履约义务附注记录为 RM616.2 million，低于 2022 年的 RM897.4 million。2024 年，未入账产业销售额列为 RM1.1 billion，而附注显示为 RM550.9 million。2025 年，未入账销售额列为 RM1.3 billion（产业回顾图表列为 RM1,343 million），而附注记录为 RM788.4 million。
Source: annual report 2023, pages 15, 21, 308; annual report 2024, pages 14, 160; annual report 2025, pages 13, 35, 174.出处：2023 年年报第 15、21、308 页；2024 年年报第 14、160 页；2025 年年报第 13、35、174 页。
Tan Sri Ong Leong Huat @ Wong Joo Hwa is the Executive Chairman and major shareholder, holding 2.63% (81,263,791 shares) directly and 53.59% (1,657,627,530 shares) deemed interest, primarily through Yellow Rock (L) Foundation which holds 50.10% (1,549,671,141 shares). His wife Puan Sri Khor Chai Moi holds 1.46% (45,152,823 shares) directly and 6.83% (211,172,274 shares) indirectly. His sons Mr. Ong Ju Yan and Mr. Ong Ju Xing serve as Group Managing Director and Deputy Group Managing Director.Tan Sri Ong Leong Huat @ Wong Joo Hwa 为执行主席兼主要股东，直接持有 2.63%（81,263,791 股），视同持有 53.59%（1,657,627,530 股），主要通过持有 50.10%（1,549,671,141 股）的 Yellow Rock (L) Foundation 持有。其妻子 Puan Sri Khor Chai Moi 直接持有 1.46%（45,152,823 股）并间接持有 6.83%（211,172,274 股）。其子 Mr. Ong Ju Yan 与 Mr. Ong Ju Xing 分别担任集团董事经理及副集团董事经理。
Source: annual report 2024, page 56; annual report 2025, pages 64, 65, 69, 206, 207, 208.出处：2024 年年报第 56 页；2025 年年报第 64、65、69、206、207、208 页。
Ong Yee Ching resigned as a director on 31 October 2024. Dato' Thanarajasingam Subramaniam did not seek re-election and was to retain office until the conclusion of the 35th Annual General Meeting. Siew Chin Kiang @ Seow Chin Kiang was appointed to the board on 1 June 2025.Ong Yee Ching 于 2024 年 10 月 31 日辞任董事。Dato' Thanarajasingam Subramaniam 不寻求连任，留任至第 35 届股东周年大会结束。Siew Chin Kiang @ Seow Chin Kiang 于 2025 年 6 月 1 日获委任加入董事会。
Source: annual report 2024, pages 68, 193; annual report 2025, page 68.出处：2024 年年报第 68、193 页；2025 年年报第 68 页。
External revenue by segment, 20252025 年各部门外部营业额
Source: annual report 2025, page 109.出处：2025 年年报第 109 页。
Major events大事记
Source: annual report 2023, pages 55, 64.出处：2023 年年报第 55、64 页。
Source: annual report 2024, pages 7, 11, 36.出处：2024 年年报第 7、11、36 页。
Source: annual report 2025, pages 47, 94, 142, 183.出处：2025 年年报第 47、94、142、183 页。
Revenue, profit before tax and profit after tax营业额、税前盈利与税后盈利
Total assets, equity and borrowings总资产、股东权益与借款
20232023 年
The group issued RM500.0 million of rated bonds (Series 4 and Series 5 Sukuk-R) and drew RM41.6 million from bank borrowings, while redeeming RM84.1 million of unrated Sukuk and MTN and repaying RM226.1 million of bank borrowings. Net disbursement for capital financing was RM327.3 million. Net cash used in operating activities was RM39.7 million. Capital spending included RM60.2 million for land acquisition and RM76.9 million for property, plant and equipment. Dividends received from RHB Bank were RM174.4 million. The narrative stated that a larger financing portfolio allows operating leverage leading to improved margins; funding costs rose from RM32.5 million to RM57.0 million while interest and profit income rose from RM100.7 million to RM151.4 million, and income less funding costs fell from 67.7% to 62.4% of income.集团发行了 RM500.0 million 评级债券（第 4 及第 5 系列 Sukuk-R）并提取了 RM41.6 million 银行借款，同时赎回 RM84.1 million 未评级 Sukuk 与 MTN，并偿还 RM226.1 million 银行借款。资本融资净放款为 RM327.3 million。营运活动所用现金净额为 RM39.7 million。资本开支包括购地支出 RM60.2 million 以及物业、厂房与设备支出 RM76.9 million。从 RHB Bank 收取股息 RM174.4 million。业务叙述称较大的融资组合带来营运杠杆从而提高利润率；而融资成本由 RM32.5 million 升至 RM57.0 million，利息与利润收入由 RM100.7 million 升至 RM151.4 million，收入扣除融资成本后的比率由收入的 67.7% 降至 62.4%。
Source: annual report 2023, pages 55, 84, 187, 188, 224, 269.出处：2023 年年报第 55、84、187、188、224、269 页。
20242024 年
Net cash used in operating activities was RM263.0 million, with RM509.0 million used in net disbursement for capital financing. The group issued RM265.0 million rated bonds (Series 2 and Series 3 MCMTN-R), drew net credit lines of RM647.6 million, and redeemed RM179.7 million of notes and sukuk. Dividends received from RHB Bank were RM176.9 million. Property, plant and equipment spending rose to RM155.7 million. One office block at Faber Towers was sold for RM65 million. The narrative stated that drawdowns of credit lines totalling RM895.7 million included funding for the acquisition of two factories in Johor Bahru, while the report stated on completion that the purchase consideration was satisfied entirely in cash through internally generated funds of the Group. The report stated RM161.9 million was spent to acquire 751.2 acres of landbank; notes showed RM133.0 million of contracted commitments for land held for property development remaining unpaid, and cash flow statements showed no purchase of land during 2024. The narrative stated the group achieved RM2.2 billion growth in the loan book; the note showed the capital financing portfolio grew RM440.7 million (25%) to RM2.18 billion. The division stated it focused on disciplined credit risk management to sustain asset quality; loans past due more than 90 days rose from RM17.6 million to RM76.7 million (1.0% to 3.5% of the book), while amounts past due 31 to 90 days rose from RM8.3 million to RM125.0 million.营运活动所用现金净额为 RM263.0 million，其中资本融资净放款支出 RM509.0 million。集团发行了 RM265.0 million 评级债券（第 2 及第 3 系列 MCMTN-R），净提取信贷额度 RM647.6 million，并赎回 RM179.7 million 的中期票据与伊斯兰债券。从 RHB Bank 收取股息 RM176.9 million。物业、厂房与设备支出增至 RM155.7 million。以 RM65 million 脱售 Faber Towers 的一座办公大楼。业务叙述称提取的 RM895.7 million 信贷额度包含用于收购新山两座工厂的资金，而年报在完成收购时说明该收购对价完全以集团内部资金通过现金支付。年报称花费 RM161.9 million 收购了 751.2 英亩地库；附注显示持作产业发展的已签约土地承诺尚有 RM133.0 million 未付，现金流量表显示 2024 年未购入土地。叙述称贷款组合取得 RM2.2 billion 增长；附注显示资本融资组合增长 RM440.7 million（25%）至 RM2.18 billion。该部门称专注严谨的信用风险管理以维持资产质量；逾期超过 90 天的贷款由 RM17.6 million 增至 RM76.7 million（占组合比例由 1.0% 升至 3.5%），逾期 31 至 90 天的贷款由 RM8.3 million 增至 RM125.0 million。
Source: annual report 2024, pages 7, 21, 26, 29, 30, 34, 36, 95, 96, 107, 139, 155, 168, 176, 181.出处：2024 年年报第 7、21、26、29、30、34、36、95、96、107、139、155、168、176、181 页。
20252025 年
The group issued RM750.0 million Sukuk-R and RM61.0 million MTN 2 Tranche 4, while fully redeeming Tranche 3 of MTN 3; net drawdowns were RM487.3 million. Net cash used in operating activities was RM160.9 million, including net disbursement of RM355.3 million for capital financing. The group spent RM212.5 million on land for property development and RM78.3 million on property, plant and equipment. Wilayah Credit was acquired for RM16.5 million cash. Cash dividends of RM192.5 million were received from RHB Bank. Dividends of RM180.4 million were paid to owners of the Company. The review stated a net cash inflow of RM204.8 million from financing activities; the statement of cash flows printed net cash from financing activities of RM206.2 million. The review stated that a few secured non-performing loans were remedied with intensified recovery efforts; the note showed loans past due more than 90 days rose from RM78.6 million to RM104.5 million, and individual impairment allowance rose from RM14.9 million to RM40.0 million. The report noted loan book growth of RM2.5 billion; the note showed the financing portfolio grew RM316 million from RM2,211.8 million to RM2,528.2 million. The review stated the Financing Division registered a total portfolio size of RM2.5 billion; the note showed a financing portfolio of RM2,528.2 million. The report stated access to up to an additional RM4.3 billion in committed credit facilities citing Note 3.18; the notes gave RM857.7 million undrawn committed borrowing facilities, while RM4.3 billion is total borrowings.集团发行了 RM750.0 million 的 Sukuk-R 及 RM61.0 million 的 MTN 2 第 4 档，同时悉数赎回 MTN 3 第 3 档；净提取借款 RM487.3 million。营运活动所用现金净额为 RM160.9 million，其中包括资本融资净放款支出 RM355.3 million。集团在产业发展用地上支出 RM212.5 million，在物业、厂房与设备上支出 RM78.3 million。以 RM16.5 million 现金收购 Wilayah Credit。从 RHB Bank 收取现金股息 RM192.5 million。向公司股东支付股息 RM180.4 million。管理层回顾称融资活动现金净流入为 RM204.8 million；现金流量表印出的融资活动所得现金净额为 RM206.2 million。回顾称数笔有抵押的不良贷款已通过加紧追讨得以化解；附注显示逾期超过 90 天的贷款由 RM78.6 million 增至 RM104.5 million，个别减值拨备由 RM14.9 million 增至 RM40.0 million。年报提及贷款组合取得 RM2.5 billion 增长；附注显示融资组合增长 RM316 million，由 RM2,211.8 million 增至 RM2,528.2 million。回顾称融资部门录得 RM2.5 billion 的总组合规模；附注显示融资组合为 RM2,528.2 million。年报引用附注 3.18 称可动用高达额外 RM4.3 billion 的已承诺信贷额度；附注给出的未提取已承诺借款额度为 RM857.7 million，而 RM4.3 billion 为总借款。
Source: annual report 2025, pages 7, 22, 31, 32, 52, 104, 105, 142, 165, 168, 177, 180, 181, 183.出处：2025 年年报第 7、22、31、32、52、104、105、142、165、168、177、180、181、183 页。
Across the three years三年合看
Borrowings rose across the period: RM3,024.7 million in 2022, RM3,260.0 million in 2023, RM3,864.1 million in 2024, and RM4,341.5 million in 2025. The bond and MTN programme limit was upsized from RM2.0 billion to RM3.5 billion in 2024. Pledged investment properties were RM438.1 million in 2023, RM458.7 million in 2024, and RM458.8 million in 2025. Total dividend payout was RM144.3 million for FY2023 and RM165.0 million for FY2024; dividends paid to owners were RM144.3 million in 2024 and RM180.4 million in 2025. In 2025, the company completed a bonus issue of 1,047,647,409 new shares on the basis of one bonus share for every two existing shares.借款在此期间持续增加：2022 年为 RM3,024.7 million，2023 年为 RM3,260.0 million，2024 年为 RM3,864.1 million，2025 年为 RM4,341.5 million。债券及中期票据计划上限于 2024 年由 RM2.0 billion 扩大至 RM3.5 billion。已抵押投资产业在 2023 年为 RM438.1 million，2024 年为 RM458.7 million，2025 年为 RM458.8 million。2023 财政年度股息派发总额为 RM144.3 million，2024 财政年度为 RM165.0 million；支付予股东的股息在 2024 年为 RM144.3 million，2025 年为 RM180.4 million。2025 年，公司按每 2 股配 1 股红股的比例完成了 1,047,647,409 股新红股的发行。
Source: annual report 2023, pages 35, 247, 322; annual report 2024, pages 20, 29, 129, 169; annual report 2025, pages 94, 105, 139, 183.出处：2023 年年报第 35、247、322 页；2024 年年报第 20、29、129、169 页；2025 年年报第 94、105、139、183 页。
Still to be spent尚未支出的承诺
Undrawn committed borrowing facilities available were RM735.8 million at end-2023, RM537.0 million at end-2024, and RM857.7 million at end-2025. Undrawn loan commitments to borrowers were RM127.1 million at end-2024 and RM413.3 million at end-2025.未提取的已承诺借款额度在 2023 年底为 RM735.8 million，2024 年底为 RM537.0 million，2025 年底为 RM857.7 million。向借款人提供的未提取贷款承诺在 2024 年底为 RM127.1 million，2025 年底为 RM413.3 million。
Source: annual report 2023, pages 313, 344; annual report 2024, pages 154, 163, 181; annual report 2025, pages 167, 177, 197.出处：2023 年年报第 313、344 页；2024 年年报第 154、163、181 页；2025 年年报第 167、177、197 页。
Four years of figures四年数字
Group figures, in RM thousand (×1,000), as printed in the statements.集团数字，单位千令吉（×1,000），照财务报表所印。
| Group集团 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 1,320,894 | 1,587,817 | 1,657,788 | 1,855,840 |
| Profit before tax税前盈利 | 485,061 | 555,116 | 611,396 | 634,025 |
| Profit after tax税后盈利 | 426,825 | 470,216 | 538,622 | 577,354 |
| Net cash (used in)/from operating activities营运活动（所用）/所得现金净额 | (288,804) | (39,715) | (262,982) | (160,890) |
| Dividends paid to Owners of the Company已付公司股东股息 | (123,726) | (144,347) | (144,347) | (180,434) |
| Borrowings借款 | 3,024,709 | 3,259,978 | 3,864,080 | 4,341,465 |
| Cash and cash equivalents at end of the year期末现金与现金等价物 | 712,653 | 743,579 | 876,146 | 846,042 |
| Total assets总资产 | 9,681,397 | 10,435,189 | 11,413,904 | 12,343,251 |
| Total liabilities总负债 | 3,925,056 | 4,239,785 | 4,912,369 | 5,448,553 |
| Total equity总权益 | 5,756,341 | 6,195,404 | 6,501,535 | 6,894,698 |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| Olympic Cables expected newly invested machines to be commissioned "this year" (2023 report), and acquired two factories in Johor Bahru scheduled to be operational in mid-2025 to nearly double capacity (2024 report)Olympic Cables 预期新投资的机器将于“今年”投产（2023 年年报），并在新山收购两座工厂，计划于 2025 年中投产以使产能接近翻倍（2024 年年报） | The Johor Bahru plants were commissioned in early 2025, but required remedial work, upgrades and certifications, and revenue generated was not sufficient to support operating costs.新山工厂于 2025 年初投产，但需要修复工程、升级及认证，且产生的收入不足以支撑营运成本。 Source: annual report 2023, page 17; annual report 2024, page 27; annual report 2025, pages 7, 29, 31.出处：2023 年年报第 17 页；2024 年年报第 27 页；2025 年年报第 7、29、31 页。 | Commissioned; revenue not covering operating costs已投产；收入未覆盖营运成本 |
| A significant portion of the upgrading of hospitality assets was expected to be completed in FY2024 (2023 report), and full refurbishment of SGBR Kuantan was targeted by 2025 (2024 report)酒店资产升级的大部分预期于 2024 财政年度完成（2023 年年报），关丹 SGBR 的全面翻新目标于 2025 年完成（2024 年年报） | Renovation delays extended operational disruption by six months until September 2025, with final renovations completed in October 2025 and five-star certification obtained.翻新延误使营运中断延长六个月至 2025 年 9 月，最终翻新工程于 2025 年 10 月完成，并获得五星级认证。 Source: annual report 2023, page 17; annual report 2024, page 9; annual report 2025, pages 7, 30, 44.出处：2023 年年报第 17 页；2024 年年报第 9 页；2025 年年报第 7、30、44 页。 | Completed in October 2025, after delays2025 年 10 月完成，曾有延误 |
| Partnered with PeopleUp to establish a 60,000 sq ft family entertainment centre at Atria Shopping Gallery, set to open in the fourth quarter of 2025 (2024 report)与 PeopleUp 合作在 Atria Shopping Gallery 建立 60,000 平方英尺的家庭娱乐中心，定于 2025 年第四季度开业（2024 年年报） | The transformation encountered delays and the 60,000-square-foot centre was rescheduled to open in the first half of 2026.转型改造遭遇延误，该 60,000 平方英尺的中心改定于 2026 年上半年开业。 Source: annual report 2024, pages 14, 36; annual report 2025, pages 7, 38.出处：2024 年年报第 14、36 页；2025 年年报第 7、38 页。 | Delayed to first half of 2026推迟至2026年上半年 |
| In Australia, Capital Financing expected a more challenging year as interest rates begin to normalise but expected the portfolio to grow; plans included broadening its capital base and evaluating the consumer credit market (2024 report)资本融资业务预期随着利率开始正常化，澳大利亚将面临更具挑战的一年，但组合规模仍将增长；计划包括扩大资本基础及评估进军消费信贷市场（2024 年年报） | OSK Capital Australia received the Australian Financial Services Licence in April 2025 to manage third-party capital, preparing to raise a wholesale fund in 2026.OSK Capital Australia 于 2025 年 4 月取得澳大利亚金融服务牌照以管理第三方资本，并筹备于 2026 年设立批发基金。 Source: annual report 2024, pages 9, 38; annual report 2025, pages 13, 40.出处：2024 年年报第 9、38 页；2025 年年报第 13、40 页。 | Licence obtained; fund planned for 2026已获牌照；计划2026年设立基金 |
| Announced a joint venture with GURNER and Qualitas to develop a Build-to-Rent property at Melbourne Square (2023 report), with plans advancing in 2024宣布与 GURNER 及 Qualitas 成立合资企业在墨尔本广场开发建设出租（Build-to-Rent）物业（2023 年年报），计划于 2024 年推进 | Tower 4 is at the planning stage with a revised unit count, and the time granted to commence construction has been extended to April 2026.第 4 座处于规划阶段并调整了单位数量，获准开工建设的时间已延长至 2026 年 4 月。 Source: annual report 2023, page 15; annual report 2024, pages 7, 33; annual report 2025, pages 27, 35.出处：2023 年年报第 15 页；2024 年年报第 7、33 页；2025 年年报第 27、35 页。 | Start extended to April 2026开工推迟至2026年4月 |
| OCC expected to commence manufacturing fibre optic cables in FY2024 (2023 report), receiving its first order in the fourth quarter of 2024OCC 预期于 2024 财政年度开始制造光纤电缆（2023 年年报），并在 2024 年第四季度获得首份订单 | Olympic Cable produced and delivered its first fibre optic cables in 2025.Olympic Cable 于 2025 年生产并交付了首批光纤电缆。 Source: annual report 2023, page 78; annual report 2024, page 27; annual report 2025, page 7.出处：2023 年年报第 78 页；2024 年年报第 27 页；2025 年年报第 7 页。 | Carried out已执行 |
What the reports leave open年报留下待看的事
- Whether the newly commissioned Johor Bahru cable plants achieve sufficient revenue to support their operating costs; once fully online they are to double capacity to about 62,000 km a year.新投产的新山电缆厂能否取得足以支撑其营运成本的收入；全面投产后产能将翻倍至每年约 62,000 公里。
Source: annual report 2025, pages 8, 31.出处：2025 年年报第 8、31 页。
- Financing portfolio asset quality, where loans past due more than 90 days reached RM104.5 million, loans 31 to 90 days past due rose to RM447.8 million, and individual impairment allowance rose to RM40.0 million.融资组合的资产质量，其中逾期超过 90 天的贷款达到 RM104.5 million，逾期 31 至 90 天的贷款增至 RM447.8 million，个别减值拨备增至 RM40.0 million。
Source: annual report 2025, pages 165, 168.出处：2025 年年报第 165、168 页。
- Commencement of Melbourne Square Build-to-Rent Tower 4 by the extended April 2026 deadline, and the sales launch of Tower 6 targeted for 2026.墨尔本广场建设出租（Build-to-Rent）第 4 座能否在延长后的 2026 年 4 月期限前动工，以及定于 2026 年推介销售的第 6 座进展。
Source: annual report 2025, pages 27, 35.出处：2025 年年报第 27、35 页。
- Opening of the delayed 60,000-square-foot family entertainment centre at Atria Shopping Gallery, scheduled for the first half of 2026.Atria Shopping Gallery 延误的 60,000 平方英尺家庭娱乐中心能否如期于 2026 年上半年开业。
Source: annual report 2025, pages 7, 38.出处：2025 年年报第 7、38 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-11-11.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-11-11。