SBS Philippines 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
Revenue	1,041	967.2	1,119	1,035	1,188	818.89
Revenue Growth (YoY)	-2.47%	-13.58%	8.16%	-12.90%	45.08%	-14.16%
Cost of Revenue	668.6	617.68	703.1	668.68	723.98	533.03
Gross Profit	372.57	349.52	416.1	366.08	464.09	285.86
Selling, General & Admin	81.36	79.55	73.74	89.52	94.83	86.71
Other Operating Expenses	43.13	43.48	57.83	41.28	41.83	13.58
Operating Expenses	186.84	181.85	186.07	179.73	171.15	131.4
Operating Income	185.73	167.66	230.03	186.35	292.95	154.46
Interest Expense	-156.64	-154.34	-188.18	-148.43	-	-89.24
Interest & Investment Income	39.4	45.11	41.84	58.28	5.83	0.24
Earnings From Equity Investments	-34.54	-34.06	-39.38	-18.07	-38.19	-91.86
Currency Exchange Gain (Loss)	1.01	1.01	-5.63	0.86	-	8.6
Other Non Operating Income (Expenses)	-	-	-	-	-93.22	-43.56
EBT Excluding Unusual Items	34.96	25.39	38.69	78.99	167.36	-61.38
Gain (Loss) on Sale of Assets	-	-	-	-	-	311.97
Pretax Income	34.96	25.39	38.69	78.99	167.36	250.59
Income Tax Expense	26.76	19.11	25.24	18.95	63.69	59.96
Earnings From Continuing Operations	8.2	6.27	13.46	60.04	103.67	190.63
Earnings From Discontinued Operations	-	-	-	-	-	-10.19
Net Income to Company	8.2	6.27	13.46	60.04	103.67	180.43
Minority Interest in Earnings	11.07	14.57	13.22	-13.76	18.5	6.3
Net Income	19.27	20.84	26.67	46.28	122.17	186.74
Net Income to Common	19.27	20.84	26.67	46.28	122.17	186.74
Net Income Growth	-30.17%	-21.87%	-42.37%	-62.12%	-34.58%	-73.65%
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)	0.01	0.01	0.01	0.02	0.06	0.10
EPS (Diluted)	0.01	0.01	0.01	0.02	0.06	0.10
EPS Growth	-34.22%	-21.43%	-42.79%	-62.12%	-34.58%	-73.65%
Free Cash Flow	376.35	407.47	904.91	178.34	374.8	558.87
Free Cash Flow Per Share	0.20	0.21	0.48	0.09	0.20	0.30
Dividend Per Share	-	-	0.004	0.004	-	0.021
Dividend Growth	-	-	-8.89%	-	-	13.89%
Gross Margin	35.78%	36.14%	37.18%	35.38%	39.06%	34.91%
Operating Margin	17.84%	17.34%	20.55%	18.01%	24.66%	18.86%
Profit Margin	1.85%	2.15%	2.38%	4.47%	10.28%	22.80%
Free Cash Flow Margin	36.15%	42.13%	80.85%	17.23%	31.55%	68.25%
EBITDA	198.97	180.92	240.59	192.63	299.37	159.27
EBITDA Margin	19.11%	18.71%	21.50%	18.62%	25.20%	19.45%
D&A For EBITDA	13.24	13.26	10.56	6.28	6.42	4.81
EBIT	185.73	167.66	230.03	186.35	292.95	154.46
EBIT Margin	17.84%	17.34%	20.55%	18.01%	24.66%	18.86%
Effective Tax Rate	76.55%	75.28%	65.22%	23.99%	38.06%	23.93%
Revenue as Reported	1,041	967.2	1,119	1,035	1,188	818.89
Advertising Expenses	-	0.81	1	1.57	1.25	0.94

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