Alpha IVF Considers Acquisitions,Targets Main Market Listing in Early 2026
KUALA LUMPUR (Nov 19,2025) – Alpha IVF Group Berhad is maintaining an open stance toward mergers and acquisitions (M&A) while concurrently preparing for a transfer of its listing to the Main Market of Bursa Malaysia by early next year,according to corporate adviser Datuk Amos Siew.
The group, wich operates three IVF centres in Malaysia (Kuala Lumpur and Penang) and one in Singapore, alongside two sales offices in China and a satellite clinic in Indonesia, reported a 6.3% year-on-year increase in net profit to RM15.28 million for its first quarter ended Aug 31,2025 (1QFY2026),up from RM14.38 million. Revenue climbed 21.2% to RM52.1 million, driven by stronger sales and improved margins. The group’s gross profit margin for the quarter was 60.4%, with a net margin of 29.3%.
Siew acknowledged that startup costs associated with new IVF centres may slightly reduce the group’s gross profit margin, but emphasized that absolute net profit is expected to continue increasing. “Margins can decline slightly, but the key is that our absolute net profit continues to increase,” he said. The group anticipates further topline expansion fueled by the medical tourism boom in Southeast Asia and growing demand for assisted reproductive services, linked to declining global sperm counts and delayed family planning.
Alpha IVF has met the Securities Commission malaysia’s requirements for an accelerated transfer to the Main Market, including maintaining a daily market capitalisation above RM1 billion over the past six months. As of Tuesday, the ACE Market-listed group was valued at RM1.63 billion, with its share price closing at 33.5 sen - down half a sen or 1.47% from the previous day. The stock initially listed at 32 sen apiece in March of last year.
As at Aug 31, 2025, Alpha IVF’s shareholders’ equity stood at RM188.69 million, with RM30.14 million in cash and bank balances, RM4.05 million in fixed deposits, and RM106.21 million in short-term investments. The group reported no borrowings,with total assets amounting to RM166.02 million against RM55.25 million in total liabilities.
Lee, the group’s largest shareholder, holds a direct 35.11% stake and an indirect 9.3% stake.
