Bumrungrad Hospital
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Bumrungrad Hospital (BH) investor relations material

Bumrungrad Hospital Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary25 Feb, 2026

Executive summary

  • Achieved double-digit Q4 revenue growth in Qatar, Myanmar, USA, and UAE, with Middle East revenue intensity up 16.4% year-over-year.

  • Full-year 2025 revenue declined 2% year-over-year, mainly due to shortfalls in Cambodia, China, Kuwait, and Thailand.

  • Strong recovery in the second half of 2025, with 2H25 EBITDA up 5.7% and net profit up 5.4% compared to 2H24.

  • Consolidated financial statements for the year ended 31 December 2025 were audited and present fairly in accordance with Thai Financial Reporting Standards.

  • The Group operates primarily in the hospital and healthcare center business, with Thailand as the main geographical area.

Financial highlights

  • Q4 2025 total revenue increased 0.5% year-over-year to THB 6,559 million; full-year revenue decreased 1.6% to THB 25,449 million.

  • Net profit attributable to equity holders was Baht 7,511.8 million, down from Baht 7,774.7 million year-over-year.

  • Q4 EBITDA rose 5.9% to THB 2,543 million; full-year EBITDA declined 0.9% to THB 10,149 million.

  • Basic earnings per share were Baht 9.45 (2024: Baht 9.78); diluted EPS was Baht 8.66 (2024: Baht 8.96).

  • Total assets increased to Baht 36,458.5 million from Baht 32,653.0 million at year-end 2024.

Outlook and guidance

  • Q1 2026 guidance provided, with continued focus on international patient growth and operational excellence.

  • Strategic initiatives for 2026 include expanding AI in imaging, digitizing international patient services, and strengthening cyber protection.

  • The Group expects to pay a total dividend of Baht 11 per share for 2025, including a special dividend, subject to AGM approval.

  • The Group continues to invest in new hospital projects and technology, with significant capital commitments for construction and equipment.

Future returns from BIHP/BHN capital commitments
Reasons for 2025 hospital revenue decline
Managing complex counterparty discounts
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Frequently asked questions

Bumrungrad Hospital Public Company Limited is a Thai healthcare provider known for offering a comprehensive range of medical services and treatments. The hospital operates a large, internationally accredited medical facility in Bangkok, catering to both local and international patients. Bumrungrad provides specialized healthcare services across multiple disciplines, including cardiology, oncology, orthopedics, and neurology, and is equipped with advanced diagnostic and treatment technologies. The company is headquartered in Bangkok, Thailand, and its shares are listed on the Stock Exchange of Thailand.

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