OCR Group Berhad (“OCR” or the “Group”), an integrated real estate company specialising in property development and project management, announced its unaudited financial results for the first quarter ended 31 March 2026 (“Q1 FY2026”), recording revenue of RM68.0 million and profit before tax (“PBT”) of RM5.0 million, reflecting a substantial improvement in operational performance driven by stronger construction progress and higher development billings.
For the current quarter, the Group recorded revenue of RM68.0 million, representing a 107.5% increase from RM32.8 million in Q1 FY2025. PBT surged significantly to RM5.0 million compared to RM0.37 million in the corresponding quarter last year, supported by accelerated progress recognition from key ongoing projects, particularly Residensi Akasia in Shah Alam under the Rumah Selangorku scheme, alongside continued contributions from Stellar Damansara.
Group Managing Director of OCR Group Berhad, Billy Ong Kah Hoe commented,
“The strong start to FY2026 reflects the steady execution progress across our core developments and improving operational momentum within the Group. The significant uplift in both revenue and profitability demonstrates the strength of our project pipeline and our ability to convert construction progress into earnings growth.
Moving forward, we remain focused on execution efficiency, disciplined cost management and sustaining sales momentum across our ongoing and upcoming developments.”
OCR’s Property Development segment remained the primary earnings contributor during the quarter, supported by active construction progress and healthy billings from ongoing projects namely Residensi Akasia and Stellar Damansara.
The Group also continues to strengthen its liquidity position, with cash and short-term deposits increasing to RM48.9 million as at 31 March 2026, compared to RM32.1 million as at 31 December 2025, providing additional financial flexibility to support ongoing development activities and future launches.
Looking ahead, OCR remains encouraged by supportive domestic property market conditions supported by Budget 2026 initiatives, including the RM20 billion Housing Credit Guarantee Scheme aimed at supporting first-time homebuyers. Coupled with Malaysia’s projected GDP growth of between 4.0% and 5.0%, the Group expects demand for strategically located affordable and mid-market housing developments to remain resilient.
Building on this momentum, OCR is also planning to launch Residensi Begonia, Phase 2 of the Kyra development in Shah Alam consisting of 1,085 units of affordable housing measuring 1,022 square feet per unit and 23 shops, and an upcoming contemporary high-rise lifestyle development in Jalan Alor in the second half of 2026.
For more information, visit https://ocrbhd.com/.
