LBC Express Holdings 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	14,026	14,296	14,514	15,190	16,250
Revenue Growth (YoY)	-1.89%	-1.50%	-4.45%	-6.52%	15.11%
Cost of Revenue	10,277	10,727	11,087	12,337	12,651
Gross Profit	3,749	3,569	3,427	2,853	3,598
Selling, General & Admin	2,721	2,569	2,567	2,060	2,472
Other Operating Expenses	153.9	195.13	143.15	276.53	363.52
Operating Expenses	3,031	2,915	2,879	2,454	3,260
Operating Income	717.96	653.54	547.67	398.49	338.78
Interest Expense	-549.07	-624.02	-541.52	-525.21	-452.74
Interest & Investment Income	12.88	14.7	15.29	8.97	8.13
Earnings From Equity Investments	31.63	45.38	16.16	52.62	69.2
Currency Exchange Gain (Loss)	79.61	-9.25	59.87	-75.55	40.16
Other Non Operating Income (Expenses)	-14.88	-192.59	171.68	-234.2	-693.56
EBT Excluding Unusual Items	278.12	-112.24	269.16	-374.87	-690.03
Gain (Loss) on Sale of Investments	0.11	0.1	0.1	0.04	0.02
Gain (Loss) on Sale of Assets	-	-	-	2.85	-1.35
Other Unusual Items	-	44.18	18.23	7.58	-
Pretax Income	278.23	-67.96	287.49	-364.4	-691.36
Income Tax Expense	17.56	77.33	119.31	178.84	162.21
Earnings From Continuing Operations	260.66	-145.3	168.19	-543.24	-853.57
Minority Interest in Earnings	-14.61	-6.55	8.11	1.26	-12.67
Net Income	246.06	-151.84	176.29	-541.97	-866.23
Net Income to Common	246.06	-151.84	176.29	-541.97	-866.23
Shares Outstanding (Basic)	1,426	1,426	1,426	1,426	1,426
Shares Outstanding (Diluted)	1,426	1,426	1,426	1,426	1,426
EPS (Basic)	0.17	-0.11	0.12	-0.38	-0.61
EPS (Diluted)	0.17	-0.11	0.12	-0.38	-0.61
Free Cash Flow	1,167	2,011	802.93	1,097	-790.02
Free Cash Flow Per Share	0.82	1.41	0.56	0.77	-0.55
Gross Margin	26.73%	24.96%	23.61%	18.78%	22.14%
Operating Margin	5.12%	4.57%	3.77%	2.62%	2.08%
Profit Margin	1.75%	-1.06%	1.21%	-3.57%	-5.33%
Free Cash Flow Margin	8.32%	14.07%	5.53%	7.22%	-4.86%
EBITDA	863.89	870.64	1,783	775.2	807.25
EBITDA Margin	6.16%	6.09%	12.29%	5.10%	4.97%
D&A For EBITDA	145.93	217.1	1,235	376.71	468.47
EBIT	717.96	653.54	547.67	398.49	338.78
EBIT Margin	5.12%	4.57%	3.77%	2.62%	2.08%
Effective Tax Rate	6.31%	-	41.50%	-	-
Advertising Expenses	179.13	183.85	203.75	252.55	381.26

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