Ratchaphruek Hospital Public Company Limited

The earnings season for Thai listed companies in Q2/2026 has come to a close, with overall profits of 678 companies rising 13%, but the hospital group showed signs of a weak pulse. BDMS reported a net profit of 3,248 million baht, down 7% from the previous year, while BH's profit increased only 1.7% to 1,889 million baht, and BCH's profit fell 11.6% to 343 million baht. Meanwhile, PR9's profit rose 1.3% to 184 million baht, LPH fell 17.86% to 46 million baht, RPH dropped 27.79% to 26 million baht, and WPH declined 62.1% to 19 million baht. PRINC still posted a loss of 138 million baht, but the loss narrowed from the previous year. On the other hand, RJH's profit surged 89% to 113.72 million baht, and EKH increased 27.88% to 60 million baht. It is expected that Q3/2026 will recover as the rainy season is the peak season.

Ratchaphruek Hospital, or RPH, reported a second-quarter 2026 net profit of 26.29 million baht, down 27.81% from the same period last year when it earned 36.42 million baht. Total revenue came in at 269.60 million baht, a decline of 4.01% from a year earlier. The main reasons were a drop in inpatient numbers and bed occupancy rates, while hospital operating costs rose due to higher drug and medical supply expenses stemming from the Middle East situation. This pushed the cost-to-revenue ratio up to 71.18% from 68.71% a year ago. For the first six months, net profit stood at 55.64 million baht, a decrease of 30.41% from the previous year. The board approved a cash dividend of 0.08 baht per share, with the ex-dividend date set for August 24, 2026, and payment on September 7, 2026.