Lopez Holdings Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Revenue	165,659	164,952	170,338	125,159	107,281	133,594	Upgrade
Revenue Growth (YoY)	-5.89%	-3.16%	36.10%	16.66%	-19.70%	6.54%	Upgrade
Selling, General & Admin	19,828	19,055	18,446	16,234	15,259	17,437	Upgrade
Other Operating Expenses	113,367	112,253	120,735	84,489	65,744	85,760	Upgrade
Total Operating Expenses	133,195	131,308	139,181	100,723	81,003	103,197	Upgrade
Operating Income	32,464	33,644	31,157	24,436	26,278	30,397	Upgrade
Interest Expense	-8,640	-7,841	-6,328	-5,758	-6,952	-8,084	Upgrade
Interest Income	4,463	5,193	2,783	2,332	2,927	3,570	Upgrade
Net Interest Expense	-4,177	-2,648	-3,545	-3,426	-4,025	-4,514	Upgrade
Income (Loss) on Equity Investments	-4,974	-5,128	-935	-2,848	-7,163	-977	Upgrade
Currency Exchange Gain (Loss)	572	-17	103	95	351	41	Upgrade
Other Non-Operating Income (Expenses)	1,712	1,179	1,136	828	738	1,096	Upgrade
EBT Excluding Unusual Items	25,597	27,030	27,916	19,085	16,179	26,043	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-	59	Upgrade
Gain (Loss) on Sale of Assets	52	52	58	14	62	46	Upgrade
Insurance Settlements	2,155	2,155	773	1,336	1,831	2,264	Upgrade
Legal Settlements	-8	-8	-8	-8	-8	-8	Upgrade
Other Unusual Items	-	-	-	-	5	76	Upgrade
Pretax Income	27,796	29,229	28,739	20,427	18,069	28,480	Upgrade
Income Tax Expense	6,183	5,694	6,347	4,282	4,887	4,886	Upgrade
Earnings From Continuing Ops.	21,613	23,535	22,392	16,145	13,182	23,594	Upgrade
Net Income to Company	21,613	23,535	22,392	16,145	13,182	23,594	Upgrade
Minority Interest in Earnings	-18,601	-20,685	-16,953	-14,607	-15,807	-18,272	Upgrade
Net Income	3,012	2,850	5,439	1,538	-2,625	5,322	Upgrade
Net Income to Common	3,012	2,850	5,439	1,538	-2,625	5,322	Upgrade
Net Income Growth	-51.55%	-47.60%	253.64%	-	-	-9.69%	Upgrade
Shares Outstanding (Basic)	3,830	3,830	3,830	4,008	4,544	4,592	Upgrade
Shares Outstanding (Diluted)	3,830	3,830	3,830	4,008	4,544	4,592	Upgrade
Shares Change (YoY)	-	-	-4.44%	-11.80%	-1.04%	-0.78%	Upgrade
EPS (Basic)	0.79	0.74	1.42	0.38	-0.58	1.16	Upgrade
EPS (Diluted)	0.78	0.74	1.42	0.38	-0.58	1.16	Upgrade
EPS Growth	-51.85%	-47.89%	270.06%	-	-	-8.74%	Upgrade
Free Cash Flow	1,381	30,930	19,244	21,472	29,165	36,436	Upgrade
Free Cash Flow Per Share	0.36	8.08	5.02	5.36	6.42	7.94	Upgrade
Dividend Per Share	0.100	0.100	0.100	0.050	0.100	0.100	Upgrade
Dividend Growth	0%	0%	100.00%	-50.00%	0%	0%	Upgrade
Profit Margin	1.82%	1.73%	3.19%	1.23%	-2.45%	3.98%	Upgrade
Free Cash Flow Margin	0.83%	18.75%	11.30%	17.16%	27.19%	27.27%	Upgrade
EBITDA	51,785	47,706	44,599	37,052	39,814	43,996	Upgrade
EBITDA Margin	31.26%	28.92%	26.18%	29.60%	37.11%	32.93%	Upgrade
D&A For EBITDA	19,321	14,062	13,442	12,616	13,536	13,599	Upgrade
EBIT	32,464	33,644	31,157	24,436	26,278	30,397	Upgrade
EBIT Margin	19.60%	20.40%	18.29%	19.52%	24.49%	22.75%	Upgrade
Effective Tax Rate	22.24%	19.48%	22.08%	20.96%	27.05%	17.16%	Upgrade
Revenue as Reported	165,659	164,952	170,338	125,159	107,281	133,594	Upgrade

Source: S&P Capital IQ. Utility template. Financial Sources.