Italpinas Development 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	784.68	604.24	301.93	190.78	186.13
Revenue Growth (YoY)	29.86%	100.13%	58.26%	2.50%	-19.66%
Cost of Revenue	399.21	291.31	123.64	91.98	80.25
Gross Profit	385.48	312.92	178.29	98.8	105.88
Selling, General & Admin	109.27	121.29	126.71	86.37	94.07
Other Operating Expenses	39.57	25.96	27.77	-25.88	6.53
Operating Expenses	154.96	151.78	158.69	65.86	106.29
Operating Income	230.52	161.14	19.6	32.94	-0.41
Interest Expense	-72.39	-40.62	-	-16.96	-23.7
Interest & Investment Income	2.45	1.51	0.55	0.49	0.04
Earnings From Equity Investments	-2.12	2.4	-1.39	-1.13	-1.21
Other Non Operating Income (Expenses)	-1.54	-0.32	-52.46	-4.35	-4.44
EBT Excluding Unusual Items	156.91	124.11	-33.7	11	-29.71
Gain (Loss) on Sale of Assets	16.29	3.06	13.72	47.76	-18.24
Asset Writedown	166.97	342.93	236.27	101.79	165.77
Pretax Income	340.17	470.1	216.29	160.54	117.82
Income Tax Expense	89.3	124.74	51.02	41.66	1.39
Net Income	250.87	345.35	165.27	118.89	116.43
Net Income to Common	250.87	345.35	165.27	118.89	116.43
Net Income Growth	-27.36%	108.96%	39.02%	2.11%	8.84%
Shares Outstanding (Basic)	724	637	630	630	630
Shares Outstanding (Diluted)	724	637	630	630	630
Shares Change (YoY)	13.58%	1.25%	-	-	45.00%
EPS (Basic)	0.35	0.54	0.26	0.19	0.18
EPS (Diluted)	0.35	0.54	0.26	0.19	0.18
EPS Growth	-35.83%	107.69%	37.69%	4.91%	-26.94%
Free Cash Flow	-145.26	14.86	-266.24	56.22	-40.84
Free Cash Flow Per Share	-0.20	0.02	-0.42	0.09	-0.07
Gross Margin	49.13%	51.79%	59.05%	51.79%	56.88%
Operating Margin	29.38%	26.67%	6.49%	17.27%	-0.22%
Profit Margin	31.97%	57.16%	54.74%	62.32%	62.56%
Free Cash Flow Margin	-18.51%	2.46%	-88.18%	29.47%	-21.94%
EBITDA	236.64	165.67	23.81	36.65	3.2
EBITDA Margin	30.16%	27.42%	7.89%	19.21%	1.72%
D&A For EBITDA	6.12	4.53	4.21	3.71	3.61
EBIT	230.52	161.14	19.6	32.94	-0.41
EBIT Margin	29.38%	26.67%	6.49%	17.27%	-0.22%
Effective Tax Rate	26.25%	26.54%	23.59%	25.95%	1.18%
Advertising Expenses	-	-	-	9.4	3.71

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