SBS Philippines Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,038	1,119	1,035	1,188	818.89	953.95
Revenue Growth (YoY)	-4.80%	8.16%	-12.90%	45.08%	-14.16%	-24.35%
Cost of Revenue	663.63	703.1	668.68	723.98	533.03	663.62
Gross Profit	374.62	416.1	366.08	464.09	285.86	290.33
Selling, General & Admin	75.98	73.04	88.89	94.83	86.71	22.28
Other Operating Expenses	48.37	57.83	41.28	41.83	13.58	80.47
Operating Expenses	178.85	185.37	179.11	171.15	131.4	102.75
Operating Income	195.76	230.73	186.98	292.95	154.46	187.58
Interest Expense	-	-	-	-	-89.24	-123.55
Interest & Investment Income	84.51	41.84	58.28	5.83	0.24	0.52
Earnings From Equity Investments	-34.88	-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	50.88	38.69	78.99	167.36	-61.38	745.59
Gain (Loss) on Sale of Assets	-	-	-	-	311.97	-
Pretax Income	50.88	38.69	78.99	167.36	250.59	745.59
Income Tax Expense	29.48	25.24	18.95	63.69	59.96	30.06
Earnings From Continuing Operations	21.4	13.46	60.04	103.67	190.63	715.53
Earnings From Discontinued Operations	-	-	-	-	-10.19	-15.36
Net Income to Company	21.4	13.46	60.04	103.67	180.43	700.17
Minority Interest in Earnings	12.76	13.22	-13.76	18.5	6.3	8.5
Net Income	34.16	26.67	46.28	122.17	186.74	708.68
Net Income to Common	34.16	26.67	46.28	122.17	186.74	708.68
Net Income Growth	-15.49%	-42.37%	-62.12%	-34.58%	-73.65%	3678.05%
Shares Outstanding (Basic)	1,891	1,891	1,891	1,891	1,891	1,891
Shares Outstanding (Diluted)	1,891	1,891	1,891	1,891	1,891	1,891
EPS (Basic)	0.02	0.01	0.02	0.06	0.10	0.37
EPS (Diluted)	0.02	0.01	0.02	0.06	0.10	0.37
EPS Growth	-15.09%	-42.37%	-62.12%	-34.58%	-73.65%	3678.22%
Free Cash Flow	328.01	904.91	178.34	374.8	558.87	496.31
Free Cash Flow Per Share	0.17	0.48	0.09	0.20	0.30	0.26
Dividend Per Share	0.004	0.004	0.004	-	0.021	0.018
Dividend Growth	-8.89%	-8.89%	-	-	13.89%	-
Gross Margin	36.08%	37.18%	35.38%	39.06%	34.91%	30.44%
Operating Margin	18.86%	20.62%	18.07%	24.66%	18.86%	19.66%
Profit Margin	3.29%	2.38%	4.47%	10.28%	22.80%	74.29%
Free Cash Flow Margin	31.59%	80.85%	17.23%	31.55%	68.25%	52.03%
EBITDA	175.19	241.29	193.25	299.37	159.27	192.86
EBITDA Margin	16.87%	21.56%	18.68%	25.20%	19.45%	20.22%
D&A For EBITDA	-20.57	10.56	6.28	6.42	4.81	5.28
EBIT	195.76	230.73	186.98	292.95	154.46	187.58
EBIT Margin	18.86%	20.62%	18.07%	24.66%	18.86%	19.66%
Effective Tax Rate	57.94%	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 Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.