Mabuhay Vinyl 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	3,340	3,074	3,074	3,201	2,187
Revenue Growth (YoY)	8.67%	0.01%	-3.98%	46.34%	5.67%
Cost of Revenue	2,251	2,019	1,878	2,025	1,314
Gross Profit	1,089	1,055	1,196	1,176	873.83
Selling, General & Admin	662.66	602.92	604.43	574.24	434.45
Other Operating Expenses	36.18	36.4	50.34	35.8	27.97
Operating Expenses	752.6	712.73	711.89	651.15	512.59
Operating Income	336.89	342.27	484.18	525.01	361.23
Interest Expense	-9.27	-9.45	-7.18	-3.9	-2.56
Interest & Investment Income	52.31	49.28	46.57	20.08	11.84
Currency Exchange Gain (Loss)	-1.84	-4.64	1.79	-9.88	-1.46
Other Non Operating Income (Expenses)	68.36	50.9	19.22	2.41	1.53
EBT Excluding Unusual Items	446.44	428.37	544.58	533.72	370.59
Gain (Loss) on Sale of Assets	0.22	0.12	0.12	0.2	-0.33
Pretax Income	446.67	428.49	544.7	533.92	370.26
Income Tax Expense	91.35	97.17	135.62	134.49	94.03
Earnings From Continuing Operations	355.32	331.31	409.08	399.43	276.23
Minority Interest in Earnings	-	-0.69	-0.64	-0.36	-0.36
Net Income	355.32	330.63	408.44	399.07	275.87
Net Income to Common	355.32	330.63	408.44	399.07	275.87
Net Income Growth	7.47%	-19.05%	2.35%	44.66%	-17.17%
Shares Outstanding (Basic)	661	661	661	661	661
Shares Outstanding (Diluted)	661	661	661	661	661
EPS (Basic)	0.54	0.50	0.62	0.60	0.42
EPS (Diluted)	0.54	0.50	0.62	0.60	0.42
EPS Growth	7.41%	-19.05%	2.35%	44.66%	-17.17%
Free Cash Flow	297.62	48.95	117.87	14.97	-27.69
Free Cash Flow Per Share	0.45	0.07	0.18	0.02	-0.04
Dividend Per Share	-	0.100	0.100	0.100	0.100
Gross Margin	32.62%	34.32%	38.91%	36.74%	39.95%
Operating Margin	10.08%	11.13%	15.75%	16.40%	16.51%
Profit Margin	10.64%	10.76%	13.29%	12.47%	12.61%
Free Cash Flow Margin	8.91%	1.59%	3.84%	0.47%	-1.27%
EBITDA	476.36	482.69	589.71	619.01	457.82
EBITDA Margin	14.26%	15.70%	19.18%	19.34%	20.93%
D&A For EBITDA	139.47	140.42	105.53	94	96.59
EBIT	336.89	342.27	484.18	525.01	361.23
EBIT Margin	10.08%	11.13%	15.75%	16.40%	16.51%
Effective Tax Rate	20.45%	22.68%	24.90%	25.19%	25.39%

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