Cityland Development Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,076	1,862	2,398	2,745	1,475	1,134
Other Revenue	493.63	457.95	416.24	375.87	418.4	467.5
Revenue	2,569	2,320	2,814	3,121	1,894	1,601
Revenue Growth (YoY)	26.41%	-17.54%	-9.83%	64.78%	18.28%	-28.53%
Cost of Revenue	981.39	763.12	1,204	1,200	661.17	574.45
Gross Profit	1,588	1,557	1,610	1,920	1,233	1,027
Selling, General & Admin	698.45	691.44	585.22	565.75	478.56	417.76
Operating Expenses	698.45	691.44	585.22	565.75	478.56	417.76
Operating Income	889.65	865.84	1,025	1,355	754.15	608.96
Interest Expense	-15.62	-14.7	-2.39	-1.86	-1.87	-1.91
Interest & Investment Income	236.7	257.59	223.27	109.44	84.26	105.31
Other Non Operating Income (Expenses)	-22.6	-23.86	-1.21	-1.35	-0.54	-0.8
EBT Excluding Unusual Items	1,088	1,085	1,245	1,461	836	711.57
Gain (Loss) on Sale of Assets	-	-	-	155.56	-	-
Pretax Income	1,088	1,085	1,245	1,616	836	711.57
Income Tax Expense	283.92	244.31	280.5	378.19	162.85	168.74
Earnings From Continuing Operations	804.22	840.56	964.24	1,238	673.15	542.82
Minority Interest in Earnings	-76.65	-57.42	-81.68	-207.82	-88.1	-53.24
Net Income	727.57	783.14	882.56	1,030	585.05	489.58
Net Income to Common	727.57	783.14	882.56	1,030	585.05	489.58
Net Income Growth	2.28%	-11.27%	-14.35%	76.12%	19.50%	-24.06%
Shares Outstanding (Basic)	4,976	4,976	4,976	4,976	4,976	4,976
Shares Outstanding (Diluted)	4,976	4,976	4,976	4,976	4,976	4,976
EPS (Basic)	0.15	0.16	0.18	0.21	0.12	0.10
EPS (Diluted)	0.15	0.16	0.18	0.21	0.12	0.10
EPS Growth	4.43%	-11.27%	-14.35%	76.12%	19.50%	-24.06%
Free Cash Flow	137.48	488.74	481.61	670.66	468.47	365.11
Free Cash Flow Per Share	0.03	0.10	0.10	0.14	0.09	0.07
Dividend Per Share	0.037	0.037	0.048	0.029	0.022	0.020
Dividend Growth	-21.38%	-21.38%	61.70%	35.95%	10.15%	-25.94%
Gross Margin	61.81%	67.11%	57.23%	61.53%	65.09%	64.12%
Operating Margin	34.62%	37.31%	36.43%	43.41%	39.82%	38.03%
Profit Margin	28.32%	33.75%	31.36%	33.02%	30.89%	30.58%
Free Cash Flow Margin	5.35%	21.06%	17.11%	21.49%	24.74%	22.80%
EBITDA	944.05	920.3	1,079	1,408	810.08	665.07
EBITDA Margin	36.74%	39.66%	38.34%	45.13%	42.77%	41.54%
D&A For EBITDA	54.4	54.46	53.79	53.64	55.93	56.11
EBIT	889.65	865.84	1,025	1,355	754.15	608.96
EBIT Margin	34.62%	37.31%	36.43%	43.41%	39.82%	38.03%
Effective Tax Rate	26.09%	22.52%	22.54%	23.40%	19.48%	23.71%
Revenue as Reported	2,806	2,578	3,037	3,386	1,978	1,706
Advertising Expenses	-	2.16	1.57	1.28	2.15	2.72

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