Q & M Dental Group (Singapore) (QC7) H2 2024 earnings summary

Executive summary

• Net profit after tax attributable to parent rose 27% year-over-year to S$14.6 million on S$180.7 million revenue for FY2024.

• Core dental business profit after tax increased 10% to S$27.8 million, driven by strong performance in Singapore and Malaysia.

• Strategic focus on quality, innovation, and regional expansion, including new acquisitions and AI dental solutions.

Financial highlights

• Total revenue for FY2024 was S$180.7 million, down 1% year-over-year; core dental revenue grew 0.5% to S$173.8 million.

• Net profit after tax attributable to owners (excluding other losses) increased 28% to S$17.3 million.

• Earnings per share rose 27% to 1.55 SG cents; annual dividend per share increased 59% to 1.1 SG cents, with a payout ratio of 71%.

• Net cash flow from operating activities was S$40.1 million; cash and cash equivalents stood at S$34.3 million.

Outlook and guidance

• Plans to strengthen presence in Singapore through organic growth and strategic acquisitions.

• Expansion targeted in Southeast Asia, starting with Malaysia, and exploring opportunities in China.

• No significant changes in industry trends or competitive conditions anticipated in the next 12 months.