PAL Holdings Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Revenue	171,255	166,424	164,104	167,523	127,941	52,277
Other Revenue	18,054	17,409	13,901	11,598	11,297	6,424
Revenue	189,309	183,833	178,006	179,121	139,238	58,701
Revenue Growth (YoY)	5.67%	3.27%	-0.62%	28.64%	137.20%	6.22%
Cost of Revenue	153,043	149,000	142,517	131,503	107,716	53,452
Gross Profit	36,266	34,833	35,489	47,618	31,522	5,248
Selling, General & Admin	20,404	20,668	17,525	19,534	14,219	9,346
Operating Expenses	20,404	20,668	17,525	19,534	14,219	9,346
Operating Income	15,862	14,166	17,964	28,084	17,303	-4,097
Interest Expense	-6,452	-6,109	-7,022	-8,562	-7,346	-6,575
Interest & Investment Income	900.02	900.02	1,805	2,160	517.88	461.04
Currency Exchange Gain (Loss)	-0	-420.23	-1,854	-30.93	-936.94	875.54
Other Non Operating Income (Expenses)	84.5	2,577	-1,678	-230.18	579.46	-14,307
EBT Excluding Unusual Items	10,421	11,113	9,215	21,420	10,118	-23,642
Gain (Loss) on Sale of Assets	-56.4	-56.4	30.67	31.09	42.91	-
Asset Writedown	264.14	264.14	192.45	324.68	411.38	3,806
Other Unusual Items	-	-	-	-	-	73,550
Pretax Income	10,628	11,321	9,438	21,776	10,572	53,713
Income Tax Expense	662.6	1,256	1,320	483.11	213.44	-6,898
Earnings From Continuing Operations	9,966	10,065	8,118	21,293	10,359	60,611
Minority Interest in Earnings	-387.33	-445.56	-1,100	-4,481	-2,194	-1,522
Net Income	9,578	9,620	7,019	16,812	8,164	59,090
Net Income to Common	9,578	9,620	7,019	16,812	8,164	59,090
Net Income Growth	23.71%	37.06%	-58.25%	105.92%	-86.18%	-
Shares Outstanding (Basic)	26,852	26,852	22,407	11,611	11,610	11,611
Shares Outstanding (Diluted)	26,852	26,852	22,407	11,611	11,610	11,611
Shares Change (YoY)	2.42%	19.84%	92.98%	0.01%	-0.01%	0.00%
EPS (Basic)	0.36	0.36	0.31	1.45	0.70	5.09
EPS (Diluted)	0.36	0.36	0.31	1.45	0.70	5.09
EPS Growth	20.80%	14.37%	-78.37%	105.91%	-86.18%	-
Free Cash Flow	13,266	2,422	6,107	40,489	24,390	-3,926
Free Cash Flow Per Share	0.49	0.09	0.27	3.49	2.10	-0.34
Gross Margin	19.16%	18.95%	19.94%	26.58%	22.64%	8.94%
Operating Margin	8.38%	7.71%	10.09%	15.68%	12.43%	-6.98%
Profit Margin	5.06%	5.23%	3.94%	9.39%	5.86%	100.66%
Free Cash Flow Margin	7.01%	1.32%	3.43%	22.60%	17.52%	-6.69%
EBITDA	19,945	17,242	35,434	42,618	29,822	16,167
EBITDA Margin	10.54%	9.38%	19.91%	23.79%	21.42%	27.54%
D&A For EBITDA	4,084	3,076	17,470	14,534	12,519	20,264
EBIT	15,862	14,166	17,964	28,084	17,303	-4,097
EBIT Margin	8.38%	7.71%	10.09%	15.68%	12.43%	-6.98%
Effective Tax Rate	6.23%	11.09%	13.98%	2.22%	2.02%	-
Revenue as Reported	189,309	183,833	178,006	179,121	139,238	58,701

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