Foundation Healthcare H1 profit drops 67.6% to S$1.2 million on higher operating expenses
These are the company’s first financial results since being listed on SGX’s mainboard
Foundation Healthcare Holdings (FHH) reported a significant 67.6% decline in its net profit for the first half of FY2026, reaching S$1.2 million, down from S$3.8 million in the same period last year. The decrease was primarily due to higher operating expenses, including S$4.8 million added for acquisition-related and capital raising expenses, and a 29.9% rise in other operating expenses to S$9.9 million.
Despite this, the specialist segment contributed S$125.7 million to the H1 revenue, driven by organic growth and acquired practices. FHH's IPO on the Singapore Exchange on Jul 8 was the company's first release of financial results. CEO Liaw Yit Ming emphasized the need for ambulatory healthcare facilities, such as day surgical centers, to complement hospitals and highlighted the potential for cost-effectiveness.
The company plans to expand its medical center footprint globally, with Malaysia as an imminent focus, while actively exploring opportunities to acquire or build new medical centers in other regional markets.
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