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Belle Corporation (PSE:BEL)
Philippines flag Philippines · Delayed Price · Currency is PHP
1.160
-0.020 (-1.69%)
At close: Aug 20, 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
0.230.220.250.200.150.06
EPS Growth
-2.78%-10.21%23.93%34.95%141.92%-42.38%

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Eliminations/Adjustments
14.68-54-54-54-54-54
Gaming and Gaming Related Activities
2,5582,4192,8082,9412,0801,727
Real Estate Development and Property Management
2,9742,9263,1362,7143,3931,748
Total
5,5475,2915,8915,6015,4193,421

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
-0.64-0.83-1.14-0.99-1.03-1.19

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
5.17%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
5.026.116.906.028.4822.84
Forward PE
-7.057.057.057.057.94
P/FCF Ratio
2.462.873.543.235.1011.65
PS Ratio
2.112.472.832.072.263.96