GMA Network Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	18,115	17,565	18,637	21,564	22,450
Revenue Growth (YoY)	3.13%	-5.75%	-13.57%	-3.95%	16.11%
Cost of Revenue	9,033	8,592	8,665	7,999	6,632
Gross Profit	9,082	8,972	9,973	13,565	15,818
Selling, General & Admin	5,747	5,507	5,276	5,665	5,177
Research & Development	124.68	118.6	113.9	99.52	87.96
Amortization of Goodwill & Intangibles	17.36	27.21	40.5	58.26	49.71
Other Operating Expenses	238.88	312.1	235.74	395.26	235.51
Operating Expenses	6,509	6,243	5,927	6,426	5,924
Operating Income	2,574	2,729	4,046	7,139	9,895
Interest Expense	-143.41	-185.53	-131.13	-25.13	-48.69
Interest & Investment Income	31.54	16.99	34.24	20.55	16.24
Earnings From Equity Investments	-3.96	-1.56	-10.34	-9.03	-1.05
Currency Exchange Gain (Loss)	79.1	3.34	-1.2	39.93	-51.86
Other Non Operating Income (Expenses)	366.04	206.88	199	123.24	87.34
EBT Excluding Unusual Items	2,903	2,769	4,136	7,288	9,897
Gain (Loss) on Sale of Assets	43.25	19.9	40.46	31.76	50.52
Pretax Income	2,946	2,789	4,177	7,320	9,947
Income Tax Expense	749.11	723.83	1,015	1,863	2,378
Earnings From Continuing Operations	2,197	2,065	3,162	5,457	7,569
Minority Interest in Earnings	4.77	4.45	8.33	-14.17	-39.03
Net Income	2,202	2,069	3,170	5,442	7,530
Preferred Dividends & Other Adjustments	678.91	638.09	977.51	1,678	2,323
Net Income to Common	1,523	1,431	2,193	3,764	5,207
Net Income Growth	6.40%	-34.72%	-41.75%	-27.73%	25.82%
Shares Outstanding (Basic)	3,365	3,365	3,365	3,365	3,365
Shares Outstanding (Diluted)	4,865	4,865	4,865	4,865	4,862
Shares Change (YoY)	-	-	-	0.05%	0.05%
EPS (Basic)	0.45	0.43	0.65	1.12	1.55
EPS (Diluted)	0.45	0.43	0.65	1.12	1.55
EPS Growth	6.40%	-34.72%	-41.75%	-27.71%	25.68%
Free Cash Flow	4,146	1,880	2,594	6,012	8,363
Free Cash Flow Per Share	0.85	0.39	0.53	1.24	1.72
Dividend Per Share	0.400	0.500	0.600	1.100	1.450
Dividend Growth	-20.00%	-16.67%	-45.45%	-24.14%	7.41%
Gross Margin	50.14%	51.08%	53.51%	62.90%	70.46%
Operating Margin	14.21%	15.54%	21.71%	33.10%	44.07%
Profit Margin	8.41%	8.15%	11.77%	17.46%	23.19%
Free Cash Flow Margin	22.88%	10.70%	13.92%	27.88%	37.25%
EBITDA	3,408	3,575	4,837	7,806	10,475
EBITDA Margin	18.81%	20.35%	25.95%	36.20%	46.66%
D&A For EBITDA	834.4	845.95	791.36	667.42	580.66
EBIT	2,574	2,729	4,046	7,139	9,895
EBIT Margin	14.21%	15.54%	21.71%	33.10%	44.07%
Effective Tax Rate	25.43%	25.96%	24.30%	25.46%	23.91%
Advertising Expenses	144.78	162.94	187.55	170.05	117.27

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