Ayala Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	353,422	336,886	325,744	289,905	263,820	225,592
Other Revenue	44,296	46,750	44,308	51,993	42,824	30,186
Revenue	397,719	383,636	370,052	341,898	306,644	255,778
Revenue Growth	5.69%	3.67%	8.24%	11.50%	19.89%	16.35%
Cost of Revenue	257,107	243,545	239,296	220,715	211,403	176,808
Gross Profit	140,611	140,091	130,756	121,183	95,241	78,970
Selling, General & Admin	47,839	46,020	47,265	35,822	33,481	29,120
Operating Expenses	47,839	46,020	47,265	35,822	33,481	29,120
Operating Income	92,773	94,070	83,491	85,361	61,760	49,849
Interest Expense	-38,314	-36,551	-32,827	-28,218	-25,884	-22,954
Interest & Investment Income	18,945	18,287	14,090	11,827	9,106	5,078
Currency Exchange Gain (Loss)	427.63	427.63	1,340	127	584.67	440.26
Other Non Operating Income (Expenses)	-5,470	2,048	1,959	-392.87	1,813	-430.63
EBT Excluding Unusual Items	68,360	78,282	68,053	68,704	47,380	31,983
Impairment of Goodwill	-38.7	-	-2,410	-3,115	-	-
Gain (Loss) on Sale of Investments	21,970	22,172	6,548	826.44	11,143	6,239
Gain (Loss) on Sale of Assets	121.04	121.04	464.44	1,157	-6,274	117.23
Asset Writedown	-2,166	-2,010	-805.35	-2,826	-311.35	-267.65
Other Unusual Items	-	-	-	-	-	4,528
Pretax Income	88,273	98,592	71,851	64,756	52,088	42,762
Income Tax Expense	11,522	11,723	10,388	9,580	6,214	4,912
Earnings From Continuing Operations	76,750	86,869	61,462	55,176	45,874	37,850
Earnings From Discontinued Operations	-	-	-	-	-	-1,814
Net Income to Company	76,750	86,869	61,462	55,176	45,874	36,036
Minority Interest in Earnings	-25,314	-25,441	-19,436	-17,103	-18,476	-8,262
Net Income	51,437	61,428	42,026	38,073	27,398	27,774
Preferred Dividends & Other Adjustments	3,011	2,380	1,794	1,675	1,260	1,260
Net Income to Common	48,425	59,047	40,233	36,398	26,138	26,514
Net Income Growth	-7.02%	46.76%	10.54%	39.26%	-1.42%	66.95%
Shares Outstanding (Basic)	620	623	621	620	619	623
Shares Outstanding (Diluted)	620	623	621	620	620	624
Shares Change	-0.53%	0.25%	0.27%	-0.09%	-0.56%	-0.63%
EPS (Basic)	78.08	94.82	64.77	58.75	42.20	42.58
EPS (Diluted)	78.00	94.72	64.68	58.64	42.02	42.42
EPS Growth	-6.54%	46.43%	10.31%	39.55%	-0.95%	68.08%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	-30,562	-17,502	-37,720	-26,826	-14,270	-7,936
Free Cash Flow Per Share	-49.28	-28.11	-60.72	-43.30	-23.01	-12.73
Dividend Per Share	9.605	9.210	8.373	7.612	6.920	6.920
Dividend Growth	9.25%	9.99%	10.00%	10.00%	0%	0%
Gross Margin	35.35%	36.52%	35.34%	35.44%	31.06%	30.87%
Operating Margin	23.33%	24.52%	22.56%	24.97%	20.14%	19.49%
Profit Margin	12.18%	15.39%	10.87%	10.65%	8.52%	10.37%
Free Cash Flow Margin	-7.68%	-4.56%	-10.19%	-7.85%	-4.65%	-3.10%
EBITDA	110,095	110,036	97,896	99,841	77,432	65,279
EBITDA Margin	27.68%	28.68%	26.45%	29.20%	25.25%	25.52%
D&A For EBITDA	17,322	15,966	14,405	14,481	15,672	15,430
EBIT	92,773	94,070	83,491	85,361	61,760	49,849
EBIT Margin	23.33%	24.52%	22.56%	24.97%	20.14%	19.49%
Effective Tax Rate	13.05%	11.89%	14.46%	14.79%	11.93%	11.49%
Revenue as Reported	397,719	383,636	370,052	341,898	-	-
Advertising Expenses	-	2,956	1,961	1,343	841.55	810.54