[SINGAPORE] Q&M Dental’s net profit fell 60 per cent to S$3.9 million for its first half ended Jun 30, 2025, from S$9.7 million in the year-ago period.
This translated to an earnings per share of S$0.0041, compared with S$0.0102 in H1 2024.
Ng Chin Siau, group chief executive of Q&M Dental, noted that the company faced “significant challenges” due to economic headwinds in H1 2025.
Revenue for the six months stood at S$88.4 million, compared with S$88.8 million in the year-ago period. This came amid lower revenue for its other businesses segment, although revenue for its core dental business rose.
The revenue contribution for the other businesses segment fell 74 per cent on the year to S$1.2 million from S$4.6 million, mainly due to the cessation of the group’s medical laboratory in September 2024 as its licence expired.
Its core dental business’ revenue grew 4 per cent year on year to S$87.2 million, from S$84.2 million.
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The improvements were due to the consolidation of Aoxin Q&M from an associate to a subsidiary in the six months, as well as higher contributions from its equipment and supplies distribution companies in Singapore and Malaysia. However, they were offset by marginally lower contributions from the group’s Singapore dental clinics.
For the period, Q&M Dental recorded S$4.4 million of net other losses, due to the deemed disposal of Aoxin Q&M and EM2AI, when the company gained control of these entities and reclassified them from equity-accounted associates to subsidiaries in H1 2025.
The group declared an interim cash dividend of S$0.004 per ordinary share for the period, unchanged from the prior corresponding period. The dividend will be paid on Sep 4 after book closure on Aug 22.
The group said that it is exploring opportunities to expand its dental business beyond Singapore, particularly in the Johor-Singapore Special Economic Zone with the upcoming Rapid Transit System (RTS).
“The company is considering various strategies to mitigate the potential outflow of patients to Johor, who may seek to capitalise on the financial advantages of the currency exchange rate once the RTS becomes operational around December 2026,” Q&M Dental said.
Shares of Q&M Dental closed on Wednesday 2.4 per cent or S$0.01 higher at S$0.43.
