Ekachai Medical Care Public Company Limited

Dr. Amnuay Ua-areemitr, Director and Hospital Director of Ekachai Medical Care Public Company Limited (EKH), revealed during an Opportunity Day that the company's Q2 2026 net profit was 60.18 million baht, up 27.88% from the same period last year. For Q3 2026, revenue is expected to continue growing due to full-quarter recognition of new projects. The company aims to become a specialized hospital under the JUMP+ Business Plan, targeting 2028 revenue of 1.94 billion baht through the development of Khun Hospital, BLUM Hospital, and the expansion of W Center in the Wellness & Longevity segment, which is expected to open fully in September 2026. Meanwhile, Khun Hospital's Rama 2 branch has a bed occupancy rate of 95-99%, with plans to add 10-15 more beds in early to mid-2027. The Ao Nang branch, which recently opened about two months ago, has a bed occupancy rate of 10-20% and is expected to turn profitable when occupancy reaches 30%.

Ekachai Medical Care Public Company Limited (EKH) reported its Q2/2026 operating results with total revenue of 342.88 million baht, up 22.35%, and net profit of 60.18 million baht, an increase of 13 million baht from the same period last year, driven by continuous growth in service users across all business segments, especially Khun Pha Ram 2 Hospital, the Heart and Vascular Center, Ekachai Hospital, and the infertility treatment center, EKI-IVF. For the second half outlook, the company expects to maintain good growth momentum, supporting total revenue for 2026 to grow in line with the target of no less than 20%.

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.

Nine listed hospital companies reported standout profit growth in the second quarter of 2026 compared with a year earlier. RJH posted net profit of 112.85 million baht, up 79.63%, while RAM recorded net profit of 344.58 million baht, up 28.55%, and EKH posted net profit of 60.18 million baht, up 27.87%, helped by more Thai and foreign patients, branch expansion, and revenue from specialised medical centres. CGSI said earnings at the six hospital companies it covers appear to have passed their trough, with combined normalised profit down 2% from a year earlier and down 8% from the previous quarter. Excluding RAM, combined normalised profit fell 4% from a year earlier and 10% from the previous quarter. CGSI maintained an Overweight rating on the hospital sector and selected BH and PR9 as top picks because they have a high proportion of foreign patients and are likely to recover better than peers.

Ekchai Medical Care Public Company Limited, or EKH, announced the establishment of Koon Bangna Company Limited together with Narai Property Company Limited and a group of medical personnel to operate a 45 to 50 bed palliative care specialty hospital with a project value of 270 million baht. Full service is expected to open by 2028. The shareholding structure consists of Ekchai Nursing Home Company Limited, a wholly owned subsidiary of EKH, holding 75 to 80 percent, Narai Property holding 15 percent, and the medical personnel group holding 5 to 10 percent. Registered capital is 300 million baht, with initial registered capital of 30 million baht. Dr. Amnat Eua-areemit, director and hospital director, said the project will help expand the revenue base and support stable long-term growth.

Ekachai Medical Care Public Company Limited, or EKH, reported second-quarter net profit for 2026 of 60.18 million baht, up 27.88 percent from the same period last year. Total revenue came in at 342.88 million baht, up 22.35 percent, supported by higher patient volumes at Khun Hospital Rama 2, the Heart and Vascular Center, and the EKI-IVF fertility center, which benefited from the return of Chinese clients. The company expects performance to keep growing in the second half of the year, driven by a full quarter of operations at Bloom Hospital and growth at the existing fertility and heart and vascular centers. It is also moving ahead with three new projects: Khun Wattanapat Hospital, a 36-bed facility specializing in elderly care; Bloom Hospital, a 50-bed facility specializing in mental health and psychiatry; and a Premium Wellness and anti-aging medicine center in Building C, a 60-bed extension of Ekachai Hospital. Revenue recognition from these projects is expected to begin from the third quarter of 2026 onward, and the company maintains its full-year revenue growth target of at least 20 percent.