PT Mitra Keluarga Karyasehat (MIKA) Q1 2025 earnings summary

Executive summary

• Leading Indonesian hospital group with 30+ years of operational excellence and a strong presence in Greater Jakarta and Surabaya.

• Net revenue for Q1 2025 reached Rp1.27 trillion, up 2.3% year-over-year.

• Net profit attributable to owners was Rp310.96 billion, a 7.6% increase from Q1 2024.

• Management team averages 22 years of healthcare experience, ensuring stability and growth.

• Consistently awarded for service quality and corporate excellence.

Financial highlights

• 3M25 revenue grew 2.3% year-over-year to IDR 1.27 trillion; net income rose 6.5% to IDR 332 billion.

• EBITDA increased 3.8% to IDR 482 billion, with margin stable at 37.9%.

• Gross profit margin improved to 54.2% from 53.5% year-over-year.

• Cash and cash equivalents at period end: IDR 1.75 trillion, up 63.6% from year-end 2024.

• Basic and diluted EPS for Q1 2025 was Rp22.36, compared to Rp20.77 in Q1 2024.

Outlook and guidance

• Ongoing capacity expansion with 8 new hospitals in the pipeline, targeting 1,500 new beds.

• Additional 857 beds planned for existing hospitals by March 2025.

• 2025 projected operational bed growth of 3.0–5.0% from greenfield and brownfield expansion.

• Focus on high-intensity specialty areas and integrated oncology services.

• Management continues to focus on expanding hospital operations and maintaining strong liquidity.