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Belle Corporation (PSE:BEL)
Philippines flag Philippines · Delayed Price · Currency is PHP
1.100
+0.010 (0.92%)
At close: Nov 13, 2026

Belle Financials Overview

Millions PHP. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,6165,1795,6915,4885,2273,327
Revenue Growth
2.43%-9.00%3.69%5.01%57.10%-17.78%
Gross Profit
3,4893,2263,8123,5933,0941,271
Operating Income
2,7262,4963,1032,7622,345505.61
Net Income
2,3892,0962,3341,8841,396576.98
Earnings Per Share
0.240.220.250.200.150.06
EPS Growth
6.90%-10.21%23.93%34.95%141.92%-42.38%

Revenue by Segment
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Real Estate Development and Property Management
2,9262,9263,1362,7143,3931,748
Gaming and Gaming Related Activities
2,7452,4192,8082,9412,0801,727
Eliminations/Adjustments
57.4-54-54-54-54-54
Total
5,7285,2915,8915,6015,4193,421

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
2,7032,6492,4002,2721,9472,155
Total Debt
7,95610,50513,15711,66711,63413,422
Net Cash (Debt)
-5,253-7,856-10,757-9,395-9,687-11,267
Net Cash Growth
------
Net Cash Per Share
-0.53-0.83-1.14-0.99-1.03-1.19

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
4,6614,5134,6884,0812,3411,159
Capital Expenditures
-50.58-50.58-134.23-564.38-22.66-26.82
Free Cash Flow
4,6114,4634,5543,5162,3191,132
Free Cash Flow Growth
-4.53%-2.00%29.50%51.66%104.85%-

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
62.14%62.30%66.97%65.47%59.19%38.21%
Operating Margin
48.54%48.19%54.52%50.32%44.86%15.20%
Pretax Margin
43.41%39.54%44.21%46.77%35.72%6.51%
Profit Margin
42.54%40.47%41.02%34.32%26.71%17.34%
FCF Margin
82.10%86.17%80.02%64.07%44.36%34.02%

Dividends
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22
Dividend Per Share
0.0600.0600.060-0.060
Dividend Per Share Growth
0%0%---
Dividend Yield
5.46%4.54%3.61%-4.92%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
4.566.116.906.028.4822.84
Forward PE
-7.057.057.057.057.94
P/FCF Ratio
2.362.873.543.235.1011.65
PS Ratio
1.942.472.832.072.263.96