- Raffles Medical (SGX:BSL) reported net profit rose 13.4% y-o-y to S$70.6m in 2025, supported by one-off items including a S$4.7m fair value gain on investment properties. Excluding the one-off items, core net profit of S$67.3m (+2.8% y-o-y), was in line with our expectations, at 100% of our full-year forecast.
Overall lacklustre 2H25 core performance.
- - Read this at SGinvestors.io -
Performance of key business divisions - a mixed bag.
Hospital service:
- - Read this at SGinvestors.io -
- price escalation done in 2H25 to pass through more cost inflation to end-customers, and
- more specialist services introduced.
- Its China hospital portfolio also recorded a modest low single-digit revenue growth, driven by increasing patient volume.
Healthcare service:
- Read more at SGinvestors.io.
