Shell Pilipinas 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	236,430	231,133	243,566	253,316	291,483	177,157
Revenue Growth (YoY)	-2.14%	-5.10%	-3.85%	-13.09%	64.53%	12.87%
Cost of Revenue	184,381	179,703	191,664	203,277	236,197	127,255
Gross Profit	52,049	51,430	51,902	50,039	55,286	49,901
Selling, General & Admin	17,209	17,024	16,725	16,892	15,685	13,667
Other Operating Expenses	26,307	27,563	28,569	29,278	31,096	27,028
Operating Expenses	43,516	44,587	45,294	46,170	46,781	40,695
Operating Income	8,534	6,843	6,608	3,869	8,504	9,206
Interest Expense	-3,363	-3,463	-3,675	-3,591	-1,966	-1,496
Interest & Investment Income	7.08	7.08	2.9	2.45	0.53	3.07
Earnings From Equity Investments	106.69	106.69	108.34	90.98	105.19	16.37
Currency Exchange Gain (Loss)	-116.89	-116.89	-339.33	83.57	-1,146	-676.58
Other Non Operating Income (Expenses)	-158.27	76.84	21.24	-3.01	-0.4	-20.3
EBT Excluding Unusual Items	5,009	3,454	2,727	451.85	5,497	7,033
Gain (Loss) on Sale of Assets	-235.7	-235.7	24.8	-52.81	-30.6	41.59
Asset Writedown	-983.37	-573.93	-1,129	997.01	-0.26	-308.84
Legal Settlements	-	-	-	218.09	-	-
Other Unusual Items	134.33	134.33	285.61	-	-	-
Pretax Income	3,924	2,779	1,908	1,614	5,466	6,766
Income Tax Expense	941	668.99	657.81	431.24	1,391	2,910
Net Income	2,983	2,110	1,250	1,183	4,076	3,856
Net Income to Common	2,983	2,110	1,250	1,183	4,076	3,856
Net Income Growth	407.01%	68.75%	5.69%	-70.98%	5.71%	-
Shares Outstanding (Basic)	1,614	1,613	1,613	1,613	1,613	1,613
Shares Outstanding (Diluted)	1,614	1,613	1,613	1,613	1,613	1,613
Shares Change (YoY)	-0.04%	-	-	-	-	-
EPS (Basic)	1.85	1.31	0.77	0.73	2.53	2.39
EPS (Diluted)	1.85	1.31	0.77	0.73	2.53	2.39
EPS Growth	407.20%	68.75%	5.69%	-70.98%	5.71%	-
Free Cash Flow	16,712	8,245	5,021	-1,164	-3,128	-2,341
Free Cash Flow Per Share	10.36	5.11	3.11	-0.72	-1.94	-1.45
Dividend Per Share	0.300	0.300	-	-	1.000	-
Gross Margin	22.02%	22.25%	21.31%	19.75%	18.97%	28.17%
Operating Margin	3.61%	2.96%	2.71%	1.53%	2.92%	5.20%
Profit Margin	1.26%	0.91%	0.51%	0.47%	1.40%	2.18%
Free Cash Flow Margin	7.07%	3.57%	2.06%	-0.46%	-1.07%	-1.32%
EBITDA	10,647	8,970	8,728	5,961	10,288	10,860
EBITDA Margin	4.50%	3.88%	3.58%	2.35%	3.53%	6.13%
D&A For EBITDA	2,113	2,127	2,120	2,092	1,784	1,654
EBIT	8,534	6,843	6,608	3,869	8,504	9,206
EBIT Margin	3.61%	2.96%	2.71%	1.53%	2.92%	5.20%
Effective Tax Rate	23.98%	24.08%	34.48%	26.72%	25.44%	43.01%
Revenue as Reported	231,133	231,133	243,566	253,316	291,483	177,157
Advertising Expenses	-	751.18	844.95	637.93	849.48	904.23

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