First Philippine Holdings Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	105,119	84,719	78,627	74,977	170,338	125,159
Revenue Growth	218.58%	7.75%	4.87%	-55.98%	36.10%	16.66%
Selling, General & Admin	20,117	18,427	14,867	13,491	18,206	15,495
Other Operating Expenses	63,522	50,512	43,400	41,417	120,827	84,575
Total Operating Expenses	83,639	68,939	58,267	54,908	139,033	100,070
Operating Income	21,480	15,780	20,360	20,069	31,305	25,089
Interest Expense	-10,274	-9,226	-7,749	-6,007	-6,328	-5,757
Interest Income	3,797	2,934	2,750	4,874	2,767	2,322
Net Interest Expense	-6,477	-6,292	-4,999	-1,133	-3,561	-3,435
Income (Loss) on Equity Investments	4,886	1,005	303	356	433	342
Currency Exchange Gain (Loss)	379	54	918	-101	93	89
Other Non-Operating Income (Expenses)	1,601	1,233	1,779	1,249	1,122	745
EBT Excluding Unusual Items	21,869	11,780	18,361	20,440	29,392	22,830
Impairment of Goodwill	-	-	-	-86	-	-
Gain (Loss) on Sale of Investments	9,394	9,394	-	-	-	-
Gain (Loss) on Sale of Assets	220	220	-330	51	58	14
Asset Writedown	128	128	-72	-4	-	-
Insurance Settlements	678	766	326	633	773	1,336
Legal Settlements	-8	-8	-8	-8	-8	-8
Other Unusual Items	494	675	-	-	-	-
Pretax Income	32,775	22,955	18,277	21,026	30,215	24,172
Income Tax Expense	3,308	2,939	3,124	2,850	6,341	4,271
Earnings From Continuing Ops.	29,467	20,016	15,153	18,176	23,874	19,901
Earnings From Discontinued Ops.	4,152	11,650	9,592	10,880	-	-
Net Income to Company	33,619	31,666	24,745	29,056	23,874	19,901
Minority Interest in Earnings	-13,550	-11,861	-10,429	-13,990	-11,198	-9,880
Net Income	20,069	19,805	14,316	15,066	12,676	10,021
Preferred Dividends & Other Adjustments	-	-	-	-	-	50
Net Income to Common	20,069	19,805	14,316	15,066	12,676	9,971
Net Income Growth	32.55%	38.34%	-4.98%	18.86%	27.13%	2.15%
Shares Outstanding (Basic)	434	444	463	468	484	501
Shares Outstanding (Diluted)	434	444	463	468	484	501
Shares Change	-4.28%	-4.25%	-0.92%	-3.35%	-3.33%	-1.36%
EPS (Basic)	46.24	44.64	30.89	32.21	26.20	19.92
EPS (Diluted)	46.24	44.64	30.89	32.21	26.20	19.92
EPS Growth	38.49%	44.49%	-4.10%	22.97%	31.51%	3.56%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	6,182	8,762	-4,878	29,092	18,957	22,096
Free Cash Flow Per Share	14.24	19.75	-10.53	62.20	39.18	44.15
Dividend Per Share	2.200	2.200	2.200	2.200	2.200	2.200
Dividend Growth	0%	0%	0%	0%	0%	10.00%
Profit Margin	19.09%	23.38%	18.21%	20.09%	7.44%	7.97%
Free Cash Flow Margin	5.88%	10.34%	-6.20%	38.80%	11.13%	17.65%
EBITDA	34,497	27,215	30,232	29,116	44,740	37,698
EBITDA Margin	32.82%	32.12%	38.45%	38.83%	26.27%	30.12%
D&A For EBITDA	13,017	11,435	9,872	9,047	13,435	12,609
EBIT	21,480	15,780	20,360	20,069	31,305	25,089
EBIT Margin	20.43%	18.63%	25.89%	26.77%	18.38%	20.05%
Effective Tax Rate	10.09%	12.80%	17.09%	13.55%	20.99%	17.67%
Revenue as Reported	105,119	84,719	78,627	74,977	170,338	125,159