Makati Finance Corporation (PSE:MFIN)

Makati Finance Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest and Dividend Income	177.48	183.66	175.17	158.98	174.72
Total Interest Expense	36.94	38.12	34.65	33.13	35.88
Net Interest Income	140.54	145.54	140.52	125.85	138.83
Gain (Loss) on Sale of Investments	-	21.57	-	-	-
Revenue Before Loan Losses	153.78	176.14	148.95	130.54	144.94
Provision for Loan Losses	18.6	19.35	32.18	18.84	16.32
Revenue	135.18	156.79	116.77	111.69	128.62
Revenue Growth (YoY)	-13.78%	34.27%	4.55%	-13.16%	15.39%
Salaries & Employee Benefits	63.42	64.27	56.75	60.61	59.46
Cost of Services Provided	24.47	38.84	20.57	25.65	26.4
Other Operating Expenses	26.7	36.33	10.13	14.32	27.57
Total Operating Expenses	129.11	156.05	104.33	112.89	125.46
Operating Income	6.07	0.74	12.44	-1.2	3.16
EBT Excluding Unusual Items	8.79	19.87	12.44	-1.2	20.57
Pretax Income	14.74	24.32	17.26	23.41	25
Income Tax Expense	4.42	9.86	4.34	5.55	15.29
Net Income	10.32	14.46	12.92	17.85	9.7
Net Income to Common	10.32	14.46	12.92	17.85	9.7
Net Income Growth	-28.66%	11.91%	-27.61%	83.97%	-10.37%
Shares Outstanding (Basic)	276	276	276	271	275
Shares Outstanding (Diluted)	276	276	276	271	275
Shares Change (YoY)	-	-	1.71%	-1.24%	0.47%
EPS (Basic)	0.04	0.05	0.05	0.07	0.04
EPS (Diluted)	0.04	0.05	0.05	0.07	0.04
EPS Growth	-24.66%	5.95%	-28.83%	86.27%	-10.79%
Free Cash Flow	131.05	-66.19	-42.18	77.47	132.15
Free Cash Flow Per Share	0.47	-0.24	-0.15	0.28	0.48
Dividend Per Share	-	0.008	0.007	0.010	0.005
Dividend Growth	-	12.86%	-27.83%	83.02%	-10.17%
Operating Margin	4.49%	0.47%	10.66%	-1.07%	2.46%
Profit Margin	7.63%	9.22%	11.07%	15.98%	7.54%
Free Cash Flow Margin	96.94%	-42.22%	-36.12%	69.36%	102.74%
Effective Tax Rate	30.02%	40.53%	25.13%	23.72%	61.18%

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