LYC HEALTHCARE BERHAD

Additional Information

LYC Healthcare Berhad is a listed company on Bursa Malaysia (ACE Market). It has diversified its operation into specialized divisions, including LYC Mother & Child Centre, LYC Child Specialist & Family Clinic, LYC Senior Living and LYC Fertility Centre. LYC Healthcare Berhad provides health care services primarily in Malaysia and Singapore. The company operates through three segments: Healthcare Services, Computing and Electronic Services, and Other segments. The company was formerly known as Mexter Technology Berhad and changed its name to LYC Healthcare Berhad in January 2019. The company was founded in 1992 and is headquartered in Kuala Lumpur, Malaysia. LYC Healthcare was loss making in the past nine financial years. For the nine months ending Dec 31, 2024 (9MFY2025), the group posted a total net loss of RM8.69 million compared with a net loss of RM10.26 million a year ago, while its revenue increased 28% to RM121.71 million from RM94.97 million in 9MFY2024. As of end 2024, its total cash and bank balances stood at RM20.18 million, compared to total borrowings of RM74.66 million. The company has been served with a winding-up petition by SOG Mummy & Baby Centre Pte Ltd for allegedly failing to settle an outstanding amount of RM600,000, but stated that it has fully settled the payment as of April 24 and engaged legal counsel to negotiate the withdrawal of the petition.