IHH Healthcare’s Q3 net profit rises 15% to RM616 million

Revenue is up 16% at RM6.6 billion, on the back of strong performances from key markets Malaysia and India

IHH Healthcare on Wednesday (Nov 26) posted a net profit of RM616 million (S$194.3 million) for its third quarter ended Sep 30, a 15 per cent increase from RM534 million in the prior year.

Earnings per share stood at RM0.0697, up from RM0.0606 in the year-ago quarter.

Q3 revenue was up 16 per cent on the year at RM6.6 billion, from RM5.6 billion, on the back of strong performances in the company’s key markets – particularly Malaysia and India.

“Malaysia made significant headway in containing payor pressure, cost inflation and transitioning to a more capital-efficient, daycare-focused model,” IHH Healthcare noted in a bourse filing.

“It also increased its medical tourism share on contribution from Island Hospital.”

In India, an operations and maintenance services agreement between Fortis Healthcare and Gleneagles India led to greater efficiency and growth opportunities.

Meanwhile, the Singapore segment posted a 6 per cent fall in earnings before interest, taxes, depreciation and amortisation to RM422 million, compared with RM449 million in Q3 FY2024.

IHH Healthcare attributed the decline to headwinds from cost inflation and Mount Elizabeth Orchard’s phased opening during the period.

It added that Singapore operations expected to progressively improve “as contributions from Mount Elizabeth Orchard ramp up, and as the pivot to extend ambulatory care services bears fruit”.

The company declared an interim single-tier cash dividend for the financial year ending Dec 31 of RM0.05 per share, which was paid out on Oct 30.

Cash and cash equivalents stood at about RM1.47 billion for Q3 FY2025, down slightly from RM1.51 billion the year before.

The group has a “confident” growth outlook amid rising healthcare demands across its key markets of Malaysia, India and Singapore.

It also noted: “As the first private healthcare group to be fully participative in (Singapore’s National Electronic Health Record system), IHH will also benefit from faster, better-informed decisions and more seamless operations, for its patients’ benefits.”

IHH Healthcare added that contributions from Mount Elizabeth in Singapore should stabilise by the second quarter of 2026.

Shares of IHH Healthcare closed flat at S$2.51 on Wednesday, prior to the results release.

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