PRINC confident revenue this year will grow over 10%, supported by high season

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Principal Capital Public Company Limited, or PRINC Group, expects revenue this year to grow more than 10% after second-half performance is likely to be better than the first half, as the company enters the high season and books a full year of revenue from Thanakan Hospital. In the second quarter of 2026, the company posted medical service revenue of 1.56 billion baht, up 11.03% from the same period last year, and operating EBITDA of 106.7 million baht, up 93.39% from the same period last year. Growth was supported by continued network expansion, including the acquisition of Thanakan Hospital, Por Paet Hospital 1, and Por Paet Hospital 2, as well as the opening of Phitsanuvej Kamphaeng Phet Hospital in June, bringing the total to 19 operating hospitals across 15 provinces. The company plans to open a new building at Phitsanuvej Phichit Hospital this October and a full-scale cancer centre with radiation therapy services at Phitsanuvej Hospital in January 2027. However, geopolitical risks that could affect oil prices, inflation, and consumer purchasing power still need to be monitored, but the company believes momentum this year is positive and next year should grow at a similar pace to this year if no severe situation emerges to pressure performance.

Impact on assets 1

Aging Population▲ · 1 stocks

Off-coverage companies 6

P.Phaet Hospital 1 (Nakhon Ratchasima)Private± Mixed
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P.Phaet Hospital 2 (Nakhon Ratchasima)Private± Mixed
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Phitsanuwej HospitalPrivate± Mixed
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Pitsanuvej Hospital Kamphaeng Phet (PKPP)Private± Mixed
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Pitsanuvej Hospital PhichitPrivate± Mixed
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Thanakan Hospital (PKAN)Private± Mixed
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