Chiang Mai Ram Medical Business Public Company Limited

Ramkhamhaeng Hospital Public Company Limited, or RAM, reported second-quarter net profit for 2026 of 344.58 million baht, up 28.55% from 268.05 million baht in the same period last year. Total revenue was 5.6866 billion baht, up 110.7%, and EBITDA was 1.2331 billion baht, up 77.4%. The significant increase came from raising its investment stakes in Thonburi Healthcare Group Public Company Limited, or THG, and Chiang Mai Ram Medical Business Public Company Limited, or CMH, changing their status from associates to subsidiaries, with consolidation of their operating results beginning in August 2025 and December 2025 respectively. However, costs and expenses rose at a faster pace than revenue, causing profitability to decline. For the first six months of 2026, RAM posted net profit of 589.77 million baht, down 3.68% from 612.33 million baht in the same period last year.