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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,764	3,354	2,794	2,168	1,292
Revenue Growth (YoY)	25.53%	20.05%	28.90%	67.72%	-
Cost of Revenue	3,446	3,084	2,571	1,986	1,135
Gross Profit	318.25	270.37	223.17	182.18	156.98
Selling, General & Admin	70.28	56.61	32.5	30.49	30.05
Other Operating Expenses	-80.34	-62.62	-4.29	2.47	-0.88
Operating Expenses	11.2	15.69	33.88	39.54	33.11
Operating Income	307.05	254.68	189.28	142.63	123.88
Interest Expense	-144.69	-121.21	-85.08	-55.49	-33.36
Interest & Investment Income	0.26	0.14	0.13	0.07	0.02
Other Non Operating Income (Expenses)	-2.39	-1.2	-2.22	-4.63	-3.69
EBT Excluding Unusual Items	160.22	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	173.89	153.01	102.87	82.59	86.48
Income Tax Expense	43.98	38.79	25.7	20.66	21.77
Earnings From Continuing Operations	129.92	114.21	77.17	61.93	64.71
Minority Interest in Earnings	-0.09	-	-	-0.09	-3.4
Net Income	129.82	114.21	77.17	61.84	61.31
Net Income to Common	129.82	114.21	77.17	61.84	61.31
Net Income Growth	10.98%	48.01%	24.79%	0.86%	-
Shares Outstanding (Basic)	11,182	8,594	2,500	2,500	1,580
Shares Outstanding (Diluted)	11,182	8,594	2,500	2,500	1,580
Shares Change (YoY)	251.23%	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	-63.51%	-56.94%	24.79%	-36.26%	-
Free Cash Flow	-506.01	-165.22	-971.47	-82.23	-424.29
Free Cash Flow Per Share	-0.04	-0.02	-0.39	-0.03	-0.27
Dividend Per Share	0.003	0.003	-	-	-
Gross Margin	8.45%	8.06%	7.99%	8.40%	12.15%
Operating Margin	8.16%	7.59%	6.77%	6.58%	9.59%
Profit Margin	3.45%	3.40%	2.76%	2.85%	4.74%
Free Cash Flow Margin	-13.44%	-4.92%	-34.77%	-3.79%	-32.83%
EBITDA	343.21	283.38	199.1	154.35	129.81
EBITDA Margin	9.12%	8.45%	7.12%	7.12%	10.04%
D&A For EBITDA	36.17	28.7	9.81	11.72	5.93
EBIT	307.05	254.68	189.28	142.63	123.88
EBIT Margin	8.16%	7.59%	6.77%	6.58%	9.59%
Effective Tax Rate	25.29%	25.35%	24.98%	25.01%	25.17%
Revenue as Reported	3,764	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.