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IHH Healthcare Berhad (IHH) investor relations material
IHH Healthcare Berhad Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue and EBITDA grew 16% year-over-year on a constant currency basis, led by strong performances in Malaysia, India, and Turkey, while Singapore is stabilizing and expected to recover by H2 2026.
Margins remained healthy and within guidance, with EBITDA (ex-MFRS 129) at 22% and PATMI (ex-EI, ex-MFRS 129) at 8%.
Transformation initiatives focus on system harmonization, digitalization, and unified data platforms to improve productivity and cost efficiency.
Diversified portfolio provides resilience against regional volatility, with minimal direct impact from Middle East tensions.
Financial highlights
Q1 2026 revenue reached RM6.5 billion (+3-4% YoY), EBITDA at RM1.4 billion (+5-7% YoY); both up 16% YoY on constant currency basis.
PATMI (ex-EI, ex-MFRS 129) was RM545 million (+16% YoY constant currency); reported PATMI at RM528 million (+3% YoY).
EBITDA and PATMI margins remained within guided ranges.
Strong cash conversion and healthy gearing, with net debt/EBITDA at 2.4x and net debt/equity at 0.4x.
Outlook and guidance
EBITDA margin guidance reaffirmed at 22%-24% for 2026.
Revenue growth guidance for 2026 is 10%-12%, with mid-teens EBITDA growth expected if costs are well managed.
Double-digit ROE targeted by 2028, supported by strategic execution, cost discipline, and capital management.
Singapore recovery expected in H2 2026, with stable margins anticipated.
- Record FY2025 growth, higher dividends, and resilient margins despite inflation and FX headwinds.IHH
Q4 20259 Mar 2026 - Q2 2024 revenue up 30%, EBITDA up 34%, and interim dividend raised to 4.5 sen per share.IHH
Q2 202422 Jan 2026 - Acquisition boosts medical tourism, delivers MYR 200m synergies, and is earnings accretive by year two.IHH
M&A Announcement22 Jan 2026 - Strong revenue and EBITDA growth, strategic expansion, and resilient margins despite cost pressures.IHH
Q3 202412 Jan 2026 - Double-digit growth, higher dividends, and major expansion plans amid inflationary pressures.IHH
Q4 20247 Jan 2026 - Q3 2025 revenue and EBITDA up 18% constant currency, but adjusted PATMI declined on higher costs.IHH
Q3 202529 Dec 2025 - Q1 2025 revenue up 6%-7%, but profit and margins pressured by FX and cost headwinds.IHH
Q1 202518 Nov 2025 - Q2 2025: Revenue and EBITDA up, profit pressured by FX, costs, and hyperinflation.IHH
Q2 202516 Sep 2025
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Next IHH Healthcare Berhad earnings date
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