Ginebra San Miguel 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	67,354	62,505	53,639	47,341	42,534
Revenue Growth (YoY)	7.76%	16.53%	13.30%	11.30%	17.49%
Cost of Revenue	49,847	47,503	41,059	36,005	31,886
Gross Profit	17,507	15,002	12,580	11,336	10,648
Selling, General & Admin	7,127	6,462	5,786	5,377	5,370
Operating Expenses	7,127	6,462	5,786	5,377	5,370
Operating Income	10,380	8,540	6,794	5,959	5,278
Interest Expense	-85.58	-9.54	-17.21	-19.14	-27.61
Interest & Investment Income	834.22	854.11	552.35	130.54	38.47
Currency Exchange Gain (Loss)	-	-6.29	31.57	-28.13	2.66
Other Non Operating Income (Expenses)	411.38	254.06	2,003	17.33	263.82
EBT Excluding Unusual Items	11,540	9,633	9,364	6,059	5,555
Gain (Loss) on Sale of Assets	0.01	0.35	0.78	-1.04	5.58
Pretax Income	11,540	9,633	9,365	6,058	5,561
Income Tax Expense	2,863	2,376	2,319	1,511	1,382
Earnings From Continuing Operations	8,677	7,257	7,046	4,547	4,179
Net Income	8,677	7,257	7,046	4,547	4,179
Preferred Dividends & Other Adjustments	-	-	-	-	0.55
Net Income to Common	8,677	7,257	7,046	4,547	4,178
Net Income Growth	19.57%	3.00%	54.95%	8.81%	51.60%
Shares Outstanding (Basic)	286	286	286	286	286
Shares Outstanding (Diluted)	286	286	286	286	286
Shares Change (YoY)	0.01%	-	-	-	-
EPS (Basic)	30.30	25.34	24.61	15.88	14.59
EPS (Diluted)	30.30	25.34	24.61	15.88	14.59
EPS Growth	19.57%	2.98%	54.96%	8.82%	54.34%
Free Cash Flow	7,446	5,150	5,862	6,267	1,903
Free Cash Flow Per Share	26.00	17.99	20.47	21.89	6.65
Dividend Per Share	-	6.250	3.000	1.500	1.000
Dividend Growth	-	108.33%	100.00%	50.00%	-
Gross Margin	25.99%	24.00%	23.45%	23.95%	25.04%
Operating Margin	15.41%	13.66%	12.67%	12.59%	12.41%
Profit Margin	12.88%	11.61%	13.14%	9.61%	9.82%
Free Cash Flow Margin	11.05%	8.24%	10.93%	13.24%	4.47%
EBITDA	11,151	9,202	7,409	6,523	5,855
EBITDA Margin	16.56%	14.72%	13.81%	13.78%	13.77%
D&A For EBITDA	771.45	661.36	615.44	564.59	577.58
EBIT	10,380	8,540	6,794	5,959	5,278
EBIT Margin	15.41%	13.66%	12.67%	12.59%	12.41%
Effective Tax Rate	24.81%	24.67%	24.76%	24.94%	24.85%
Advertising Expenses	-	1,732	1,559	1,480	1,382

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