Ayala Income Statement

Financials in millions PHP. Fiscal year is January - December.

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	331,468	325,744	289,905	263,820	225,592	193,622
Other Revenue	44,831	44,308	51,993	42,824	30,186	26,219
Revenue	376,300	370,052	341,898	306,644	255,778	219,841
Revenue Growth (YoY)	3.10%	8.24%	11.50%	19.89%	16.35%	-25.54%
Cost of Revenue	242,700	239,296	220,715	211,403	176,808	144,885
Gross Profit	133,600	130,756	121,183	95,241	78,970	74,956
Selling, General & Admin	40,507	47,265	35,822	33,481	29,120	30,122
Operating Expenses	40,507	47,265	35,822	33,481	29,120	30,122
Operating Income	93,092	83,491	85,361	61,760	49,849	44,834
Interest Expense	-36,102	-32,827	-28,218	-25,884	-22,954	-24,150
Interest & Investment Income	13,967	14,090	11,827	9,106	5,078	3,184
Currency Exchange Gain (Loss)	1,340	1,340	127	584.67	440.26	-52.31
Other Non Operating Income (Expenses)	-3,898	1,959	-392.87	1,813	-430.63	682.13
EBT Excluding Unusual Items	68,399	68,053	68,704	47,380	31,983	24,497
Impairment of Goodwill	-2,410	-2,410	-3,115	-	-	-27.1
Gain (Loss) on Sale of Investments	17,205	6,548	826.44	11,143	6,239	1,089
Gain (Loss) on Sale of Assets	-64.89	464.44	1,157	-6,274	117.23	113.84
Asset Writedown	-805.35	-805.35	-2,826	-311.35	-267.65	-1,099
Other Unusual Items	-	-	-	-	4,528	49.97
Pretax Income	82,325	71,851	64,756	52,088	42,762	24,713
Income Tax Expense	9,371	10,388	9,580	6,214	4,912	5,239
Earnings From Continuing Operations	72,954	61,462	55,176	45,874	37,850	19,473
Earnings From Discontinued Operations	-	-	-	-	-1,814	9,797
Net Income to Company	72,954	61,462	55,176	45,874	36,036	29,270
Minority Interest in Earnings	-18,627	-19,436	-17,103	-18,476	-8,262	-12,129
Net Income	54,327	42,026	38,073	27,398	27,774	17,142
Preferred Dividends & Other Adjustments	2,247	1,794	1,675	1,260	1,260	1,260
Net Income to Common	52,081	40,233	36,398	26,138	26,514	15,882
Net Income Growth	36.76%	10.38%	38.96%	-1.35%	62.03%	-51.41%
Shares Outstanding (Basic)	624	621	620	619	623	627
Shares Outstanding (Diluted)	624	621	620	620	624	628
Shares Change (YoY)	0.52%	0.27%	-0.09%	-0.56%	-0.63%	-0.36%
EPS (Basic)	83.53	64.77	58.75	42.20	42.58	25.33
EPS (Diluted)	83.45	64.68	58.64	42.02	42.42	25.24
EPS Growth	35.89%	10.31%	39.55%	-0.95%	68.08%	-53.20%
Free Cash Flow	-12,645	-37,720	-26,826	-14,270	-7,936	-21,261
Free Cash Flow Per Share	-20.28	-60.72	-43.30	-23.01	-12.73	-33.88
Dividend Per Share	8.792	8.373	7.612	6.920	6.920	6.920
Dividend Growth	10.05%	10.00%	10.00%	-	-	-16.63%
Gross Margin	35.50%	35.34%	35.44%	31.06%	30.87%	34.10%
Operating Margin	24.74%	22.56%	24.97%	20.14%	19.49%	20.39%
Profit Margin	13.84%	10.87%	10.65%	8.52%	10.37%	7.22%
Free Cash Flow Margin	-3.36%	-10.19%	-7.85%	-4.65%	-3.10%	-9.67%
EBITDA	108,327	97,896	97,555	77,432	65,279	64,706
EBITDA Margin	28.79%	26.45%	28.53%	25.25%	25.52%	29.43%
D&A For EBITDA	15,235	14,405	12,194	15,672	15,430	19,872
EBIT	93,092	83,491	85,361	61,760	49,849	44,834
EBIT Margin	24.74%	22.56%	24.97%	20.14%	19.49%	20.39%
Effective Tax Rate	11.38%	14.46%	14.79%	11.93%	11.49%	21.20%
Revenue as Reported	6,248	-	-	-	-	-
Advertising Expenses	-	1,961	1,343	841.55	810.54	827.36

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.