Back 13 Jan 2026

HC Surgical lifts HY profit 18% on stronger investment gains and JV/associate contributions, keeps dividend flowing despite flat revenue

Summary:

  • Group revenue dipped 1.6% year-on-year to S$9.78 million for the six months ended 30 November 2025, reflecting stable underlying medical services demand amid a softer case mix

  • Profit before tax climbed 17.4% to S$4.47 million and net profit rose 11.7% to S$4.05 million, boosted by a S$906,000 fair value gain on financial assets at FVTPL and higher share of profits from associates, partly offset by a S$429,000 fair value loss on derivatives and lower other income

  • Earnings attributable to shareholders increased 17.5% to S$3.97 million, driving basic EPS up to 2.59 cents from 2.20 cents a year ago

  • Net asset value per share improved to 15.07 cents from 13.66 cents as total equity expanded to S$22.8 million, with the balance sheet remaining ungeared and cash and bank balances rising to S$6.0 million

  • The Group paid a higher final dividend of 1.18 cents per share for FY2025 (vs 0.70 cents previously) during the half-year, underscoring confidence in cash generation even as operating expenses, notably staff costs and depreciation, continued to edge higher

  1. https://links.sgx.com/1.0.0/corporate-announcements/VWO21K8VYGFUGUPN/63aa2538cd2e555005ea0968953a33f7a59f3f8fbe33f2867d1589ab6c21d33b
  2. https://links.sgx.com/1.0.0/corporate-announcements/KTBHASY5RI4CND4D/72b646444aaab1e5cae062077a1442b0335c71b63a7bb950011594e6fd5b23fd