PHINMA Corporation revenues climb to P6.6B, income rises to P562.6M in Q1 2025
PHINMA Corporation (“PHN” or the “Company”) registered a stronger topline and higher earnings in the first quarter, as strategic business units (SBUs) drove steady growth through improved sales and streamlined cost management. The Company’s consolidated revenues hit ₱6.60 billion during the period, a 21% increase from ₱5.45 billion last year, while consolidated net income rose by 27% to ₱562.62 million. PHN’s net income attributable to equity holders of the parent was at ₱191.27 million.
PHINMA Education Holdings, Inc. (PHINMA Education) reported revenues and net income of ₱2.1 billion and ₱907.35 million, respectively, during the quarter. Second semester enrollment for School Year 2024-2025 rose to 137,498 students, a 5% rise from the prior school year, whereas retention rate stayed strong at 89%. The increase in revenue, combined with operational efficiency and reduced interest expenses, led to higher profitability for the segment.
The PHINMA Construction Materials Group (PHINMA CMG), comprised of Union Galvasteel Corporation (UGC), Philcement Corporation (Philcement), Union Insulated Panels Corporation (UIPC) and PHINMA Solar Energy Corporation (PHINMA Solar), reported combined revenues of ₱3.87 billion due to higher sales volumes resulting from strategic efforts to expand market share. To support the sales volume growth and in anticipation of future expansion, higher operational costs and interest expenses were incurred, leading to a net combined loss of ₱69.71 million. PHINMA CMG continues to optimize production efficiencies in its facilities while also negotiating better terms with suppliers to improve margins.
PHINMA Property Holdings Corp.’s (PHINMA Properties) revenues rose to ₱411.96 million for the quarter, reflecting both new sales as well as the carry-over sales from 2024. Unbooked revenues from these developments will be recognized as construction progresses, whereas net loss for the period was at ₱100.61 million. PHINMA Properties continues to prioritize growing demand outside Metro Manila through its ongoing developments such as Saludad, its 21-hectare master-planned township in Bacolod, along with projects in Cebu, Davao and Batangas. Meanwhile, PHINMA Corp. approved a ₱250-million investment in PHINMA Community Housing Corp., the Group’s direct response to the country’s huge housing backlog.
Coral Way City Hotel Corporation (Coral Way), PHINMA Hospitality, Inc., and PHINMA Microtel Hotels, Inc. recognized combined revenues of ₱136.34 million and a combined net income of ₱5.23 million for the first quarter of 2025. The Hospitality segment sustained its chainwide occupancy, while average room rates rose compared to the previous year. Leisure, corporate, and events segments mainly accounted for hotel and venue bookings for the period.
“Our business units continue to aggressively pursue the PHINMA Group’s mission of providing the underserved sectors better access to the essentials of a dignified life. We are optimistic for sustained growth with the expected higher enrollment for Education, the accelerated implementation and completion of PHINMA Properties’ projects, the strategic launch of our community housing business unit, and the continued implementation of our growth initiatives. The PHINMA Group has set a capital expenditure of ₱3.8 billion for 2025 to better support its business initiatives to uplift underserved families and communities,” said PHINMA Chairman and Chief Executive Officer Ramon R. del Rosario, Jr.
As of the end of the first quarter, PHINMA Corporation’s consolidated financial position included cash and cash equivalents of ₱4.83 billion, total assets of ₱53.63 billion and a total stockholders’ equity of ₱16.29 billion.
“The first quarter results demonstrate the effectiveness of PHINMA’s strategic direction and the benefits of a diversified portfolio, with revenues increasing by 21% and net income growing by 27%. Our strong balance sheet and commitment to operational excellence position us favorably to seize opportunities and provide innovative solutions,” said PHINMA Chief Financial Officer EJ A. Qua Hiansen.