IHH Healthcare posted a 3% year-on-year increase in net profit to RM528 million for the quarter ending March 31, 2026, the company announced on May 26 after market close [1, 2, 3]. Core net profit after tax and minority interest rose 5% to between RM545 million and RM548 million in the same period [1, 2, 3].

Revenue grew 4% year on year to about RM6.55 billion to RM6.6 billion, boosted by strong contributions from Malaysia, Turkey, Europe, and the July 2025 acquisition of Bayindir Healthcare [1, 2, 3]. IHH operates across 10 countries including Malaysia, Singapore, India, Turkey, and Europe [2, 3].

Dr Prem Kumar Nair, IHH Healthcare CEO, said the group’s "steady growth during the quarter came on the back of strong performances in Malaysia, Turkey and Europe, and India" [3]. He added Malaysia was a "key growth driver in Q1, as the group continued to increase medical tourism share and improve revenue intensity, while expanding its capital-efficient daycare model in the country" [3].

Turkey and Europe saw strong growth despite the month-long Eid festival, with "strong local and foreign demand and strong growth across all key metrics," Nair said [3]. Singapore operations faced challenges from structural shifts toward public healthcare use but the group expects a recovery in the second half of 2026 after taking stabilizing measures. The focus will remain on higher-value services at Mount Elizabeth and Gleneagles Hospitals alongside expanded outpatient and daycare offerings [2, 3].

Foreign currency translation caused a RM796 million loss in Q1 2026, reversing from a RM53 million gain a year earlier. This was mainly due to net asset translation effects in Singapore, India, Turkey, and Europe, with the Malaysian Ringgit strengthening against the Singapore dollar and Turkish lira during the quarter [2, 3].

No dividend was declared for the first quarter, matching the prior year [1, 2, 3]. Shares rose 0.2% to close at RM8.98 on Bursa Malaysia, giving IHH a market capitalization of RM79.3 billion [1].

The group plans to expand daycare and medical tourism in Malaysia, deepen payor relationships in Singapore, accelerate brownfield expansions and mergers and acquisitions in India, and maintain capital-light operations in Turkey and Europe [1].