Kuala Lumpur: IHH Healthcare Bhd has reported a decrease in net profit to RM514 million for the first quarter of its financial year ending December 31, 2025 (1Q FY2025), compared to RM768 million in the same period last year.

According to BERNAMA News Agency, the company experienced an increase in revenue for the quarter to RM6.29 billion, up from RM5.96 billion the previous year. This growth was attributed to gains in the hospital and healthcare segments as well as Parkway Life REIT (PLife REIT). The company’s filing with Bursa Malaysia highlighted a 7.0 percent increase in hospital and healthcare revenue for 1Q FY2025, reaching RM6.05 billion. This was driven by sustained demand for healthcare services, a mix of more acute patient cases, and price adjustments to address inflation. Additionally, the acquisition of Island Hospital in November 2024 contributed to the revenue increase.

IHH Healthcare also noted that PLife REIT’s external revenue rose 15 percent to RM45 million in 1Q FY2025, supported by contributions from 11 newly acquired nursing home properties in France as of December 2024. The company emphasized its strong position in delivering cost-effective healthcare, leveraging operational synergies across its international network to maintain cost efficiency and uphold its commitment to value-based healthcare.

Despite facing global economic and geopolitical challenges, IHH Healthcare remains optimistic about navigating uncertainties. The company’s confidence is grounded in strong fundamentals, strategic growth initiatives, and long-term healthcare megatrends.