management discussion and analysis HEALTHCARE The Group healthcare insঞtuঞon, MMC, offering high-quality yet affordable medical care, has established itself as a preferred healthcare provider for the local community it serves. The hospital has steadily expanded its range of therapeuঞc fields based on the needs of the community. Its acceptance as a healthcare provider is evident in the increased paঞent load to 88,243 in FY2025, a substanঞal 8.6% increase from the 81,289 paঞents in FY2024. To accommodate this increase, we expanded our capacity to accommodate 97 paঞent beds in FY2025, compared to 57 paঞent beds in FY2024. This healthcare iniঞaঞve augments well the Group’s strategy to diversify our revenue streams. In FY2025, the Group further intensified efforts to strengthen MMC’s brand posiঞoning, operaঞonal efficiency, and financial performance through its restructuring and expansion. This has resulted in the healthcare division’s contribuঞon to the Group, totalling RM13.2 million in management fees enঞtlement in FY2025, a significant increase of 164.0% when compared to contribuঞon of RM5.0 million in FY2024. MMC stands as a beacon of the Group’s firm commitment to give back to the community in which it works and lives in. FORWARD LOOKING GLOBAL AND LOCAL ECONOMIC PROSPECTS The global economy remains on track to grow in 2025, but the outlook has deteriorated significantly in recent months. Major policy shi[s in the United States - parঞcularly the introducঞon of new tariffs - are weighing on acঞvity and fuelling a high level of uncertainty across economies. Real global GDP is now projected to increase by just 2.7% in 2025 and 2.8% in 2026, down from a 3.2% gain last year. US tariffs are raising prices, disrupঞng supply chains, and eroding real incomes. These direct effects are being compounded by a volaঞle and unpredictable policy environment, as frequent changes to announced tariffs have made it harder for businesses to plan and invest. Inflaঞon is projected to be higher than previously expected, although sঞll moderaঞng as economic growth so[ens. Services price inflaঞon is sঞll elevated amidst ঞght labour markets, and goods price inflaঞon has begun picking up in some countries, although from low levels. Further headwinds which could worsen the situaঞon are geopoliঞcal tensions, persistent inflaঞon, and climate-related natural disasters. REAL GLOBAL GDP 2.7% GDP EXPANSION GROWTH 4.5%-5.5% 47 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 03 KEY MESSAGES
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