Techno Medical Public Company Limited

Technomedical Public Company Limited, or TM, is targeting revenue from its elderly care centre business, the The Parents project, of approximately 35-50 million baht in 2026, growing from around 22-23 million baht last year, and expects to turn profitable within the fourth quarter of this year. Dr. Suntaree Jaroongboot, Chief Executive Officer, told Than Hoon that news about service standards at some elderly care centres has not affected the company's business, but has instead been a positive factor prompting families to pay more attention to choosing quality, standards-compliant services. Currently the company's elderly care centre has capacity for about 65 beds, with an average of about 45-50 beds occupied, or an occupancy rate of roughly 70-85%. Service fees start at about 45,000 baht per month and go up to about 120,000 baht per month. This business is now in its fourth year, and revenue from operations can already cover management expenses as well as loan repayments to financial institutions. Meanwhile, the outlook for the third quarter continues to improve, with gross margin rising significantly, helped by a stable US dollar, price increases in line with costs, and a shift in strategy for sourcing and OEM production, with most orders now placed in China, which has effectively reduced production costs.

Techno Medical Public Company Limited, or TM, reported first-half net profit of 14.10 million baht, up 33.3% from the same period last year, with total revenue of 354.45 million baht, up 3.4%, as sales of medical equipment and consumables rose to 336.62 million baht after shifting strategy to focus on low-cost imports from China and raising prices in the second quarter of 2026, lifting gross profit margin from sales to 40.5%. Service revenue under The Parents project reached 14.21 million baht, up 34.6% year-on-year, with an average of 45 to 50 nursing home users per month and an occupancy rate of about 80%, or an average of 50 beds. The company is confident The Parents will reach break-even by the end of this year, targeting service revenue of about 4 million baht per month, while also expanding into wellness with hormone therapy services that use AI to calculate individual hormone levels, plus home care services sending nurses and medical assistants to care for the elderly. The TPTC training center has just produced its latest class of 25 assistants, ready to work immediately.