SBS Philippines Corporation (PSE:SBS)

SBS Philippines Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,036	1,119	1,035	1,188	818.89	953.95
Revenue Growth (YoY)	-4.65%	8.16%	-12.90%	45.08%	-14.16%	-24.35%
Cost of Revenue	652.66	703.1	668.68	723.98	533.03	663.62
Gross Profit	383.64	416.1	366.08	464.09	285.86	290.33
Selling, General & Admin	73.38	73.04	88.89	94.83	86.71	22.28
Other Operating Expenses	45.1	57.83	41.28	41.83	13.58	80.47
Operating Expenses	179.39	185.37	179.11	171.15	131.4	102.75
Operating Income	204.25	230.73	186.98	292.95	154.46	187.58
Interest Expense	-	-	-	-	-89.24	-123.55
Interest & Investment Income	82.94	41.84	58.28	5.83	0.24	0.52
Earnings From Equity Investments	-36.6	-39.38	-18.07	-38.19	-91.86	674.81
Currency Exchange Gain (Loss)	-	-	0.86	-	8.6	6.23
Other Non Operating Income (Expenses)	-194.51	-194.51	-149.06	-93.22	-43.56	-
EBT Excluding Unusual Items	56.09	38.69	78.99	167.36	-61.38	745.59
Gain (Loss) on Sale of Assets	-	-	-	-	311.97	-
Pretax Income	56.09	38.69	78.99	167.36	250.59	745.59
Income Tax Expense	31.67	25.24	18.95	63.69	59.96	30.06
Earnings From Continuing Operations	24.41	13.46	60.04	103.67	190.63	715.53
Earnings From Discontinued Operations	-	-	-	-	-10.19	-15.36
Net Income to Company	24.41	13.46	60.04	103.67	180.43	700.17
Minority Interest in Earnings	13.47	13.22	-13.76	18.5	6.3	8.5
Net Income	37.89	26.67	46.28	122.17	186.74	708.68
Net Income to Common	37.89	26.67	46.28	122.17	186.74	708.68
Net Income Growth	1.89%	-42.37%	-62.12%	-34.58%	-73.65%	3678.05%
Shares Outstanding (Basic)	1,550	1,550	1,550	1,550	1,550	1,550
Shares Outstanding (Diluted)	1,550	1,550	1,550	1,550	1,550	1,550
EPS (Basic)	0.02	0.02	0.03	0.08	0.12	0.46
EPS (Diluted)	0.02	0.02	0.03	0.08	0.12	0.46
EPS Growth	0.91%	-42.37%	-62.12%	-34.58%	-73.65%	3678.28%
Free Cash Flow	284.71	904.91	178.34	374.8	558.87	496.31
Free Cash Flow Per Share	0.18	0.58	0.12	0.24	0.36	0.32
Dividend Per Share	0.005	0.005	0.005	-	0.025	0.022
Dividend Growth	-9.09%	-9.09%	-	-	13.64%	-
Gross Margin	37.02%	37.18%	35.38%	39.06%	34.91%	30.44%
Operating Margin	19.71%	20.62%	18.07%	24.66%	18.86%	19.66%
Profit Margin	3.66%	2.38%	4.47%	10.28%	22.80%	74.29%
Free Cash Flow Margin	27.47%	80.85%	17.23%	31.55%	68.25%	52.03%
EBITDA	196.52	243.03	195.01	301.5	159.27	192.86
EBITDA Margin	18.96%	21.71%	18.85%	25.38%	19.45%	20.22%
D&A For EBITDA	-7.73	12.3	8.04	8.55	4.81	5.28
EBIT	204.25	230.73	186.98	292.95	154.46	187.58
EBIT Margin	19.71%	20.62%	18.07%	24.66%	18.86%	19.66%
Effective Tax Rate	56.47%	65.22%	23.99%	38.06%	23.93%	4.03%
Revenue as Reported	1,119	1,119	1,035	1,188	818.89	953.95
Advertising Expenses	-	1	1.57	1.25	0.94	3.36

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.