KKR, a leading global investment firm, and PHINMA Education Holdings, Inc. (‘PHINMA Education’ or the ‘Company’), a leading private higher education group and the education arm of Filipino conglomerate PHINMA Corporation, today announced the signing of definitive agreements under which funds managed by KKR will invest in PHINMA Education, with participation from existing shareholder Kaizenvest.
PHINMA Corporation’s (“PHN”) subsidiary, Philcement Corporation (“Philcement”) signed today a Share Purchase Agreement with Petra Cement, Inc. (“Petra”). Philcement Mindanao Corporation, a subsidiary of Philcement, will pay a consideration of Php 500 million in exchange for 100% of the outstanding shares of Petra. The transaction is expected to be closed by December 31, 2024. This
PHINMA Corporation gathered its top executives and stakeholders to celebrate the Group’s 2023 successes and discuss its plans and projections for 2024 at this year’s Annual Shareholders’ Meeting, held last April 23, 2024, Tuesday, at The Fifth at Rockwell Events Hall, Makati City. “PHINMA reported consolidated revenues of 21.27 billion pesos, climbing 20% from the
PHINMA Corporation has brought back the Service Awards after eight years to honor individuals who have impacted their communities outside of work. “The PHINMA Service Awards not only honor our employees, but also celebrate the spirit of service that defines our Company,” says Ramon R. del Rosario, Jr., PHINMA Chairman and CEO. He emphasized
PHINMA Corporation and De La Salle University (DLSU) have launched a pioneering research center aiming to harness the transformative power of businesses to address social challenges and create lasting impact. The PHINMA-DLSU Center for Business and Society (PDCBS) was formally launched on March 8, 2024, Friday, at The Fifth at Rockwell Events Hall in
PHINMA Corporation (PHN) ended 2023 strongly with consolidated revenues of ₱21.27 billion, up by 20% from the previous year. Driven by its businesses committed to making Filipino lives better, PHN also reported its consolidated core net income rose by 40% year-on-year to ₱1.67 billion. Consolidated net income reached ₱1.63 billion, up from ₱1.53 billion in
PHINMA Vice Chairman Dr. Magdaleno B. Albarracin Jr. has been recognized by the University of the Philippines Engineering Research and Development Foundation (UPERDFI) for his unwavering commitment for the organization’s activities supporting the UP College of Engineering (UP CoE) in the past five decades. Dr. Albarracin, a former UPERDFI chairman, was among the institution’s
PHINMA placed 21st in the Philippines Growth Champions 2024 list by the Philippine Daily Inquirer and Statista, which features thirty firms with the highest percentage growth in revenues from 2019 to 2022. From P11.32 billion in 2019, the Company’s revenues rose to P17.66 billion in 2022. These led to an annual growth rate (AGR) of
PHINMA Corporation consolidated revenues rose to ₱15.46 billion for the nine months ended September 30, 2023, following record enrollment in the Education business and consolidation of revenues of strategic business units beginning July 2023. The reported consolidated revenue surpassed the ₱13.43 billion of the same period last year. PHINMA’s core net income also rose by
PHINMA Corporation achieved consolidated revenues of ₱8.89 billion for the 6-month period ended June 30, 2023, a 3% increase over the same period last year, keeping the company on track to grow its businesses in education, construction materials, property development, and hospitality. Due to strong performance of core business units and efficient operations, core net
Young and brilliant entrepreneurs were celebrated and honored at the Ramon V. del Rosario Siklab Awards, a joint initiative organized by PHINMA and the De La Salle University (DLSU) RVR College of Business. The awarding ceremony was held on July 25, Tuesday, at The Fifth at Rockwell in Makati City. The honorees of this year’s
In SY 22-23, PHINMA Education gained the trust of 124,501 students. This is the highest number of enrollees logged in the network’s 19-year history. Board passing results remain high and campus improvements continue in order to accommodate an even bigger number of students. “We believe that the success of our students is much more meaningful