Benguet 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	Mar '26 Mar 31, 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
Revenue	3,944	3,259	2,354	2,531	4,025	3,842
Revenue Growth (YoY)	35.50%	38.43%	-7.00%	-37.11%	4.77%	137.19%
Cost of Revenue	1,593	1,410	1,053	963.47	1,344	1,284
Gross Profit	2,351	1,849	1,301	1,568	2,681	2,558
Selling, General & Admin	1,256	1,184	851.92	889.5	1,066	989.46
Other Operating Expenses	51.03	2.95	2.59	2.18	1.75	2.45
Operating Expenses	1,307	1,187	854.52	891.67	1,067	1,008
Operating Income	1,044	662.12	446.83	676.21	1,614	1,550
Interest Expense	-0.78	-0.78	-7.36	-2.78	-1.1	-3.89
Interest & Investment Income	71.86	69.55	41.7	10.59	2.09	3.29
Currency Exchange Gain (Loss)	25.8	-1.54	10.11	8.06	39.68	-9.56
Other Non Operating Income (Expenses)	-22.6	-7.13	-2.9	-11.49	0.79	-25.05
EBT Excluding Unusual Items	1,118	722.22	488.38	680.6	1,655	1,515
Gain (Loss) on Sale of Investments	25.85	25.85	55.5	51.89	18.21	2.39
Gain (Loss) on Sale of Assets	0.02	0.02	-	0.26	0.78	-
Asset Writedown	201.84	201.84	314.49	-0.14	85.33	276.99
Other Unusual Items	-	-	-309.4	-	-	-
Pretax Income	1,346	949.94	548.97	732.61	1,759	1,794
Income Tax Expense	284.64	190.09	113.3	178.47	428.23	372.4
Net Income	1,062	759.84	435.67	554.14	1,331	1,422
Preferred Dividends & Other Adjustments	0.06	0.06	0.06	0.06	0.06	0.06
Net Income to Common	1,061	759.79	435.61	554.08	1,331	1,422
Net Income Growth	66.82%	74.41%	-21.38%	-58.37%	-6.37%	272.75%
Shares Outstanding (Basic)	715	714	713	623	623	621
Shares Outstanding (Diluted)	718	718	719	629	628	626
Shares Change (YoY)	-3.14%	-0.17%	14.33%	0.14%	0.33%	0.69%
EPS (Basic)	1.49	1.06	0.61	0.89	2.14	2.29
EPS (Diluted)	1.47	1.06	0.61	0.88	2.12	2.27
EPS Growth	70.02%	73.77%	-30.68%	-58.49%	-6.61%	272.13%
Free Cash Flow	464	658.88	359.67	469.21	960.15	1,118
Free Cash Flow Per Share	0.65	0.92	0.50	0.75	1.53	1.79
Dividend Per Share	0.150	0.150	0.200	-	-	-
Dividend Growth	-25.00%	-25.00%	-	-	-	-
Gross Margin	59.60%	56.73%	55.28%	61.94%	66.60%	66.59%
Operating Margin	26.47%	20.32%	18.98%	26.71%	40.09%	40.34%
Profit Margin	26.91%	23.31%	18.50%	21.89%	33.07%	37.00%
Free Cash Flow Margin	11.76%	20.22%	15.28%	18.54%	23.85%	29.11%
EBITDA	1,129	726.81	501.32	724.08	1,688	1,708
EBITDA Margin	28.64%	22.30%	21.29%	28.60%	41.93%	44.47%
D&A For EBITDA	85.29	64.69	54.49	47.87	74.13	158.55
EBIT	1,044	662.12	446.83	676.21	1,614	1,550
EBIT Margin	26.47%	20.32%	18.98%	26.71%	40.09%	40.34%
Effective Tax Rate	21.14%	20.01%	20.64%	24.36%	24.34%	20.76%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.