PSE:TOP 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
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
Revenue	4,011	3,354	2,794	2,168	1,292
Revenue Growth (YoY)	31.21%	20.05%	28.90%	67.72%	-
Cost of Revenue	3,673	3,084	2,571	1,986	1,135
Gross Profit	337.72	270.37	223.17	182.18	156.98
Selling, General & Admin	81.79	56.61	32.5	30.49	30.05
Other Operating Expenses	-88.83	-62.62	-4.29	2.47	-0.88
Operating Expenses	8.61	15.69	33.88	39.54	33.11
Operating Income	329.11	254.68	189.28	142.63	123.88
Interest Expense	-162.21	-121.21	-85.08	-55.49	-33.36
Interest & Investment Income	0.29	0.14	0.13	0.07	0.02
Other Non Operating Income (Expenses)	-2.62	-1.2	-2.22	-4.63	-3.69
EBT Excluding Unusual Items	164.58	132.41	102.12	82.59	86.85
Gain (Loss) on Sale of Assets	13.67	20.6	0.75	-	-
Asset Writedown	-	-	-	-	-0.37
Pretax Income	178.25	153.01	102.87	82.59	86.48
Income Tax Expense	44.98	38.79	25.7	20.66	21.77
Earnings From Continuing Operations	133.27	114.21	77.17	61.93	64.71
Minority Interest in Earnings	-0.15	-	-	-0.09	-3.4
Net Income	133.13	114.21	77.17	61.84	61.31
Net Income to Common	133.13	114.21	77.17	61.84	61.31
Net Income Growth	0.38%	48.01%	24.79%	0.86%	-
Shares Outstanding (Basic)	11,035	8,594	2,500	2,500	1,580
Shares Outstanding (Diluted)	11,035	8,594	2,500	2,500	1,580
Shares Change (YoY)	110.82%	243.75%	-	58.23%	-
EPS (Basic)	0.01	0.01	0.03	0.02	0.04
EPS (Diluted)	0.01	0.01	0.03	0.02	0.04
EPS Growth	-42.45%	-56.94%	24.79%	-36.26%	-
Free Cash Flow	-618.24	-165.22	-971.47	-82.23	-424.29
Free Cash Flow Per Share	-0.06	-0.02	-0.39	-0.03	-0.27
Dividend Per Share	0.003	0.003	-	-	-
Gross Margin	8.42%	8.06%	7.99%	8.40%	12.15%
Operating Margin	8.21%	7.59%	6.77%	6.58%	9.59%
Profit Margin	3.32%	3.40%	2.76%	2.85%	4.74%
Free Cash Flow Margin	-15.41%	-4.92%	-34.77%	-3.79%	-32.83%
EBITDA	363.42	283.38	199.1	154.35	129.81
EBITDA Margin	9.06%	8.45%	7.12%	7.12%	10.04%
D&A For EBITDA	34.31	28.7	9.81	11.72	5.93
EBIT	329.11	254.68	189.28	142.63	123.88
EBIT Margin	8.21%	7.59%	6.77%	6.58%	9.59%
Effective Tax Rate	25.23%	25.35%	24.98%	25.01%	25.17%
Revenue as Reported	4,011	3,354	2,794	2,168	1,292
Advertising Expenses	-	0.95	0.23	0.08	0.11

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