MLP Saglik Hizmetleri (MPARK) Q1 2026 earnings summary

Executive summary

• Revenue grew by 6% year-over-year in Q1 2026, reaching TL 16,252 million, supported by private medical insurance.

• EBITDA increased by 25% year-over-year to TL 4,810 million, driven by a favorable revenue mix and efficiency initiatives.

• Net profit rose 11.5% year-over-year to TL 1,862 million, aided by monetary gains and deferred tax income.

• The hospital network expanded to 34 hospitals across 13 cities in Türkiye.

• Total assets stood at TRY 89,936.2 million as of March 31, 2026.

Financial highlights

• Outpatient and inpatient revenues grew by 6.9% and 4.4% year-over-year, respectively.

• EBITDA margin improved to 29.6% from 25.0% in Q1 2025.

• Gross profit increased to TRY 4,473.3 million from TRY 4,230.1 million year-over-year.

• Operating profit was TRY 2,516.8 million, down from TRY 2,953.5 million in Q1 2025.

• Finance expenses rose to TRY 1,371.6 million from TRY 1,248.3 million year-over-year.

Outlook and guidance

• Management expects continued growth, supported by network expansion and efficiency measures.

• The Group continues to evaluate the effects of new and revised Turkish Financial Reporting Standards effective from 2026 and 2027.