Overview Of Performance
KPJ Healthcare Berhad’s financial performance for the financial year ended 31 December 2024 (FY2024) demonstrated sustainable growth across key metrics, driven by the effectiveness of its cost optimisation and operational efficiency strategies as well as its patient-centric investments.
Revenue Growth: The Group recorded a 15% increase in revenue, reaching RM3.92 billion, compared to RM3.42 billion in the previous year.
Stronger Overall Profitability: The Group’s net profit after tax increased to RM407 million, an improvement from RM270 million. This was supported by a 20% growth in profit from continuing operations to RM365 million, up from RM303 million, along with a net gain from the divestment of the aged care business in Australia, recorded under discontinued operations.
PATAMI Growth: The Group reported an increase in PATAMI, rising from RM263 million to RM354 million, reflecting sustained growth and solid financial performance.
Capital Expenditure (CAPEX) Investment: The Group invested RM406 million in CAPEX in 2024, a 66% increase from RM244 million in 2023. This strategic investment supports infrastructure development, digital transformation and service enhancements across KPJ’s network, strengthening long-term resilience and advancing healthcare delivery.
Key Financial Results
For the Financial Year ended 31 December 2024 (FY2024)
REVENUE – up 15%
FY2024 : RM3.92 billion
FY2023 : RM3.42 billion
EBITDA – up 18%
FY2024 : RM987.80 million
FY2023 : RM838.01 million
PROFIT BEFORE TAX (PBT) - up 40%
FY2024 : RM530.96 million
FY2023 : RM377.94 million
PATAMI - up 34%
FY2024 : RM353.82 million
FY2023 : RM263.41 million
PATAMI MARGIN - up 1%
FY2024 : 9%
FY2023 : 8%
DIVIDEND
Interim : 1.05 sen per share
Special : 0.10 sen per share
totalling RM50.19 million | payable on 18 April 2025
Key Operational Highlights
Bed Occupancy Rate (BOR)
FY2024: 69% (+2%)
FY2023: 67%
Inpatient Admissions
FY2024 : 388,101 (+7%)
FY2023: 361,987
Outpatient Visits
FY2024 : 3,002,621 (+2%)
FY2023: 2,958,134
2025 Outlook
KPJ Healthcare is positive on the prospects for the financial year 2025, underpinned by a robust capacity expansion plan and the development of centres of excellence across the group. KPJ will also further strengthen its value creation plan in 2025 through assets optimisation and prudent financial management to deliver quality and sustainable healthcare services.
"To our patients, shareholders, Board of Directors and Team KPJ - your trust, dedication and strong support inspire everything we do. Thank you for being part of this journey that has led to another year of strong performance for KPJ Healthcare.
“Building on the transformation journey that began in 2023, we have strengthened our patient-centric approach in 2024 through five key pillars - Patients, Physicians, People, Partners and Planet. The launch of KPJ Health System last year marked a defining milestone, reinforcing our Care for Life commitment by integrating clinical care, education and research to drive excellence in patient care.
“Looking ahead, KPJ remains focused on long-term sustainable growth, leveraging technology, strategic partnerships and patient-centric innovations to strengthen patient experience, expand health tourism and create greater value for shareholders.
“Managing staff costs, a prevalent challenge in the industry, will remain a priority for us in 2025. Concurrently, we will enhance our efforts in cost optimisation and operational efficiency. Our collaborations with key stakeholders including the government and industry partners will continue to generate strategic value.
“This year, we are advancing our digital-first vision with AI playing a key role in improving patient experience and healthcare delivery. Though still in its early stages, this transformation is essential. As we continue to push boundaries, sustainability, innovation and excellence will remain at our core - driving our commitment to delivering the best for our patients while shaping the future of healthcare.”
Chin Keat Chyuan
President and Managing Director,
KPJ Healthcare
This content is provided by KPJ Healthcare Berhad.
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