)
IHH Healthcare Berhad (IHH) investor relations material
IHH Healthcare Berhad Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 delivered resilient financial performance, with revenue and EBITDA up 16%-18% year-over-year on a constant currency basis, despite macroeconomic challenges and significant FX volatility.
Growth was driven by increased inpatient admissions, higher revenue intensity, strategic shift towards daycare and ambulatory services, and contributions from recent acquisitions including Fortis and Bayindir.
PATMI rose 15% to RM616 million in Q3, but PATMI excluding exceptional items declined 13% due to higher costs, depreciation, and FX impacts.
Robust balance sheet supported by RM2.35 billion AAA-rated sukuk issuance in October 2025, refinancing debt and reducing interest costs by 30bps.
Inpatient admissions rose 5% to 243,350 and lab tests increased 6% to 28 million in Q3 2025.
Financial highlights
Q3 2025 revenue reached RM6.6 billion (+16% reported, +18% constant currency); EBITDA was RM1.5 billion (+16% reported, +18% constant currency).
Year-to-date, revenue was RM19.2 billion (+8% reported, +18% constant currency); EBITDA RM4.2 billion (+5% reported, +13% constant currency).
Q3 EBITDA margin at 23% (guidance: 22%-24%); core PATMI margin at 9%.
Net debt as of September 2025 at INR 14 billion (INR 11.1 billion excluding P-Life REIT); net debt/EBITDA at 2x, net debt/equity at 0.3x.
Free cash flow for YTD 2025 was RM1.8 billion; cash balance at RM1.4 billion as of 30 September 2025.
Outlook and guidance
Cautiously optimistic for the remainder of 2025, with continued growth expected in daycare, medical tourism, and digital health.
Margins expected to remain within the 22%-24% range.
CapEx guidance for 2026-2027 revised to low RM2 billion, reflecting a shift towards daycare and ambulatory care centers.
Ongoing integration of recent acquisitions and expansion of hospital capacity to drive future growth.
Group remains agile to adapt to evolving healthcare trends and payor dynamics.
Next IHH Healthcare Berhad earnings date
Next IHH Healthcare Berhad earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage