Alliance Healthcare 1H FY2026 profit jumps to S$1.5m on 12% revenue growth and stronger managed care, GP, digital health
Summary:
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Group revenue rose 11.6% to S$42.3m, driven mainly by managed healthcare solutions (+24% to S$10.4m), specialist care (+13% to S$9.4m), GP clinic services (+11% to S$10.2m) and mobile/digital health (+32% to S$3.7m).
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Net profit attributable to shareholders surged to S$1.52m from S$0.29m a year earlier, lifting basic EPS to 0.74 cents (HY2025: 0.14 cents), as higher volumes and mix improvements offset increased staff and operating costs.
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EBITDA rose to S$4.61m from S$3.14m, while pre‑tax profit climbed more than 6x to S$1.84m, despite higher employee benefits, depreciation and other expenses tied to growth initiatives and new specialist clinics.
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Cash and cash equivalents increased to S$19.0m (30 June 2025: S$16.4m) on S$6.8m operating cash inflow; net debt was about S$8.8m of bank borrowings plus S$0.6m of finance leases, largely secured on leasehold properties and equipment.
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NAV per share improved to 12.47 cents from 11.81 cents, and management cites continued momentum from Healthier SG, telemedicine, MIC@Home and the HPB youth clinic‑management system contract as key growth drivers, while noting margin pressure in pharmaceutical services after one‑off orders ended.