IHH earnings edge higher in Q1 despite currency headwinds

Core revenue rose 16% on a constant currency basis.

IHH Healthcare's profit after tax and minority interests (PATMI), excluding exceptional items, increased 5% year on year (YoY) to $137m (RM545m) for the first quarter (Q1) ended 31 March 2026, according to its financial results.

Core revenue rose 16% YoY to $1.6b (RM6.5b) on a constant currency basis, whilst earnings before interest, taxes, depreciation, and amortisation increased 16% to $353m (RM1.4b) over the same period.

On a reported basis, revenue was up 4% year on year to $1.6b (RM6.6b), with reported PATMI rising 3% to $133m (RM528m), as the strength of the group's diversified portfolio partially offset translation impact from a stronger Ringgit.

Growth was driven by higher inpatient and daycase volumes, as well as an increase in complex case mix across the group's markets.