Belle Corporation (PSE:BEL)

Belle Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	5,170	5,686	5,465	5,209	3,302
Other Revenue	8.97	5.23	23.22	17.95	24.99
Revenue	5,179	5,691	5,488	5,227	3,327
Revenue Growth (YoY)	-9.00%	3.69%	5.01%	57.10%	-17.78%
Cost of Revenue	1,953	1,879	1,895	2,133	2,056
Gross Profit	3,226	3,812	3,593	3,094	1,271
Selling, General & Admin	688.48	728.42	770.35	766.55	685.95
Other Operating Expenses	42.28	-19.34	61.35	-17.83	79.82
Operating Expenses	730.76	709.08	831.7	748.72	765.77
Operating Income	2,496	3,103	2,762	2,345	505.61
Interest Expense	-653.77	-774.28	-536.97	-516.34	-603.83
Interest & Investment Income	162.45	166.12	74.3	29.13	30.26
Earnings From Equity Investments	10.73	-2.34	2.73	-0.42	-1.67
Currency Exchange Gain (Loss)	-0.12	0.2	-2.3	-1.66	0.75
Other Non Operating Income (Expenses)	31.41	23.55	18.98	11.03	308.91
EBT Excluding Unusual Items	2,046	2,516	2,318	1,867	240.02
Gain (Loss) on Sale of Investments	0.72	-0.06	200.62	-0.37	-23.62
Gain (Loss) on Sale of Assets	0.75	0.31	26.83	0.94	0.18
Other Unusual Items	-	-	20.82	-	-
Pretax Income	2,048	2,516	2,567	1,867	216.57
Income Tax Expense	-62.23	90.45	143.48	156.7	-528.63
Earnings From Continuing Operations	2,110	2,426	2,423	1,710	745.2
Minority Interest in Earnings	-13.99	-91.23	-539.63	-314.71	-168.22
Net Income	2,096	2,334	1,884	1,396	576.98
Net Income to Common	2,096	2,334	1,884	1,396	576.98
Net Income Growth	-10.21%	23.93%	34.95%	141.91%	-42.38%
Shares Outstanding (Basic)	9,444	9,444	9,444	9,444	9,445
Shares Outstanding (Diluted)	9,444	9,444	9,444	9,444	9,445
Shares Change (YoY)	-	-	-	-0.01%	0.01%
EPS (Basic)	0.22	0.25	0.20	0.15	0.06
EPS (Diluted)	0.22	0.25	0.20	0.15	0.06
EPS Growth	-10.21%	23.93%	34.95%	141.92%	-42.38%
Free Cash Flow	4,463	4,554	3,516	2,319	1,132
Free Cash Flow Per Share	0.47	0.48	0.37	0.25	0.12
Dividend Per Share	0.060	0.060	-	0.060	-
Gross Margin	62.30%	66.97%	65.47%	59.19%	38.21%
Operating Margin	48.19%	54.52%	50.32%	44.86%	15.20%
Profit Margin	40.47%	41.02%	34.32%	26.71%	17.34%
Free Cash Flow Margin	86.17%	80.02%	64.07%	44.36%	34.02%
EBITDA	3,284	3,806	4,079	3,624	1,770
EBITDA Margin	63.42%	66.88%	74.32%	69.34%	53.22%
D&A For EBITDA	788.73	703.67	1,317	1,279	1,265
EBIT	2,496	3,103	2,762	2,345	505.61
EBIT Margin	48.19%	54.52%	50.32%	44.86%	15.20%
Effective Tax Rate	-	3.60%	5.59%	8.39%	-
Revenue as Reported	5,291	5,891	5,601	5,419	3,421

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.