Bangkok Dusit Medical Services (BDMS) Q4 2024 earnings summary

Executive summary

• Auditor issued an unqualified opinion, confirming fair presentation of financial statements as of 31 December 2024 in accordance with Thai Financial Reporting Standards.

• Key audit matters included revenue recognition (95% of total revenues) and goodwill impairment, both requiring significant management judgment.

Financial highlights

• Total revenues reached THB 109.4 billion for 2024, with hospital operations contributing THB 103.7 billion.

• Net profit attributable to owners was THB 15.99 billion, up from THB 14.36 billion in 2023.

• Basic EPS was THB 1.01, compared to THB 0.90 in the prior year.

• Total assets increased to THB 151.5 billion from THB 143.8 billion year-over-year.

• Total equity attributable to owners rose to THB 100.0 billion from THB 95.4 billion.

Segment performance

• Hospital operations accounted for 95% of consolidated revenues, with the remainder from sales of goods and other income.