IPM Holdings Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	249.01	208.25	193.76	307.7	275.34	258.65
Other Revenue	1.21	1.21	91.79	54.08	55.08	37.57
Revenue	250.21	209.46	285.55	361.78	330.42	296.22
Revenue Growth (YoY)	-11.29%	-26.65%	-21.07%	9.49%	11.55%	16.84%
Cost of Revenue	148.82	119.84	110	223.92	206.89	181.18
Gross Profit	101.4	89.63	175.56	137.86	123.53	115.04
Selling, General & Admin	97.03	83.88	78.31	84.78	53.61	54.63
Other Operating Expenses	-1.28	-1.28	-2.18	-	-	-
Operating Expenses	143.67	130.51	78.68	84.78	53.61	54.63
Operating Income	-42.27	-40.89	96.88	53.08	69.92	60.41
Interest Expense	-5.68	-3.56	-7.3	-7.28	-5.19	-8.09
Earnings From Equity Investments	-16.66	-16.66	-	-	-	-
Pretax Income	-64.61	-61.11	89.58	45.8	64.73	52.32
Income Tax Expense	-3.32	-5.33	8.43	4.25	4.74	8.17
Earnings From Continuing Operations	-61.29	-55.78	81.15	41.55	59.99	44.15
Minority Interest in Earnings	14.28	12.95	-21.34	-11.27	-15.88	-11.83
Net Income	-47.01	-42.83	59.81	30.28	44.11	32.32
Net Income to Common	-47.01	-42.83	59.81	30.28	44.11	32.32
Net Income Growth	-	-	97.50%	-31.35%	36.50%	-46.20%
Shares Outstanding (Basic)	805	690	690	690	690	690
Shares Outstanding (Diluted)	805	690	690	690	690	690
EPS (Basic)	-0.06	-0.06	0.09	0.04	0.06	0.05
EPS (Diluted)	-0.06	-0.06	0.09	0.04	0.06	0.05
EPS Growth	-	-	97.50%	-26.85%	28.11%	-46.20%
Free Cash Flow	219.69	175.33	25.46	12.6	-20.91	30.1
Free Cash Flow Per Share	0.27	0.25	0.04	0.02	-0.03	0.04
Gross Margin	40.52%	42.79%	61.48%	38.11%	37.39%	38.84%
Operating Margin	-16.89%	-19.52%	33.93%	14.67%	21.16%	20.39%
Profit Margin	-18.79%	-20.45%	20.95%	8.37%	13.35%	10.91%
Free Cash Flow Margin	87.80%	83.71%	8.92%	3.48%	-6.33%	10.16%
EBITDA	-10.49	-15.25	133.91	90.67	98.05	102.28
EBITDA Margin	-4.19%	-7.28%	46.90%	25.06%	29.67%	34.53%
D&A For EBITDA	31.78	25.63	37.03	37.58	28.13	41.87
EBIT	-42.27	-40.89	96.88	53.08	69.92	60.41
EBIT Margin	-16.89%	-19.52%	33.93%	14.67%	21.16%	20.39%
Effective Tax Rate	-	-	9.41%	9.29%	7.32%	15.61%
Revenue as Reported	251.49	210.74	287.73	361.78	330.42	296.22
Advertising Expenses	-	2.65	1.57	0.22	0.82	0.63

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.