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Belle Corporation (PSE:BEL)
Philippines flag Philippines · Delayed Price · Currency is PHP
1.230
+0.020 (1.65%)
At close: Jul 31, 2026

Belle Financials Overview

Millions PHP. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,4345,1795,6915,4885,2273,327
Revenue Growth
0.40%-9.00%3.69%5.01%57.10%-17.78%
Gross Profit
3,3943,2263,8123,5933,0941,271
Operating Income
2,6142,4963,1032,7622,345505.61
Net Income
2,2882,0962,3341,8841,396576.98
Earnings Per Share
-0.220.250.200.150.06
EPS Growth
--10.21%23.93%34.95%141.92%-42.38%

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

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
2,8932,6492,4002,2721,9472,155
Total Debt
9,18710,50513,15711,66711,63413,422
Net Cash (Debt)
-6,293-7,856-10,757-9,395-9,687-11,267
Net Cash Growth
------
Net Cash Per Share
--0.83-1.14-0.99-1.03-1.19

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
4,7264,5134,6884,0812,3411,159
Capital Expenditures
-50.58-50.58-134.23-564.38-22.66-26.82
Free Cash Flow
4,6754,4634,5543,5162,3191,132
Free Cash Flow Growth
-3.12%-2.00%29.50%51.66%104.85%-

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
62.45%62.30%66.97%65.47%59.19%38.21%
Operating Margin
48.10%48.19%54.52%50.32%44.86%15.20%
Pretax Margin
41.09%39.54%44.21%46.77%35.72%6.51%
Profit Margin
42.10%40.47%41.02%34.32%26.71%17.34%
FCF Margin
86.03%86.17%80.02%64.07%44.36%34.02%

Dividends
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022
Period EndingAug '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
4.88%4.75%3.93%-5.59%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
5.326.116.906.028.4822.84
Forward PE
-7.057.057.057.057.94
P/FCF Ratio
2.602.873.543.235.1011.65
PS Ratio
2.242.472.832.072.263.96