Ginebra San Miguel Inc. (PSE:GSMI)

Ginebra San Miguel Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	67,812	67,354	62,505	53,639	47,341	42,534
Revenue Growth (YoY)	6.53%	7.76%	16.53%	13.30%	11.30%	17.49%
Cost of Revenue	50,156	50,127	47,503	41,059	36,005	31,886
Gross Profit	17,656	17,227	15,002	12,580	11,336	10,648
Selling, General & Admin	6,971	6,906	6,462	5,786	5,377	5,370
Operating Expenses	6,971	6,906	6,462	5,786	5,377	5,370
Operating Income	10,685	10,320	8,540	6,794	5,959	5,278
Interest Expense	-5.62	-4.23	-9.54	-10.73	-19.14	-27.61
Interest & Investment Income	846.49	834.22	854.11	552.35	130.54	38.47
Currency Exchange Gain (Loss)	-25.26	-25.26	-6.29	31.57	-28.13	2.66
Other Non Operating Income (Expenses)	268.2	410.69	254.04	1,989	17.33	263.82
EBT Excluding Unusual Items	11,769	11,536	9,633	9,356	6,059	5,555
Gain (Loss) on Sale of Assets	0.01	0.01	0.35	0.78	-1.04	5.58
Other Unusual Items	3.95	3.95	0.02	8.01	-	-
Pretax Income	11,773	11,540	9,633	9,365	6,058	5,561
Income Tax Expense	2,916	2,863	2,376	2,319	1,511	1,382
Earnings From Continuing Operations	8,856	8,677	7,257	7,046	4,547	4,179
Net Income	8,856	8,677	7,257	7,046	4,547	4,179
Preferred Dividends & Other Adjustments	-	-	-	-	-	0.55
Net Income to Common	8,856	8,677	7,257	7,046	4,547	4,178
Net Income Growth	18.69%	19.57%	3.00%	54.95%	8.81%	51.60%
Shares Outstanding (Basic)	286	286	286	286	286	286
Shares Outstanding (Diluted)	286	286	286	286	286	286
EPS (Basic)	30.92	30.30	25.34	24.61	15.88	14.59
EPS (Diluted)	30.92	30.30	25.34	24.61	15.88	14.59
EPS Growth	18.65%	19.57%	2.98%	54.96%	8.82%	54.34%
Free Cash Flow	6,975	7,486	5,150	5,861	6,267	1,903
Free Cash Flow Per Share	24.36	26.14	17.99	20.47	21.89	6.65
Dividend Per Share	10.000	10.000	6.250	3.000	1.500	1.000
Dividend Growth	5.26%	60.00%	108.33%	100.00%	50.00%	-
Gross Margin	26.04%	25.58%	24.00%	23.45%	23.95%	25.04%
Operating Margin	15.76%	15.32%	13.66%	12.67%	12.59%	12.41%
Profit Margin	13.06%	12.88%	11.61%	13.14%	9.61%	9.82%
Free Cash Flow Margin	10.29%	11.12%	8.24%	10.93%	13.24%	4.47%
EBITDA	11,433	11,045	9,202	7,409	6,523	5,855
EBITDA Margin	16.86%	16.40%	14.72%	13.81%	13.78%	13.77%
D&A For EBITDA	747.87	724.51	661.36	615.44	564.59	577.58
EBIT	10,685	10,320	8,540	6,794	5,959	5,278
EBIT Margin	15.76%	15.32%	13.66%	12.67%	12.59%	12.41%
Effective Tax Rate	24.77%	24.81%	24.67%	24.76%	24.94%	24.85%
Advertising Expenses	-	1,844	1,732	1,559	1,480	1,382

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