PHINMA posts P5.45-B revenues, P892.28-M income in first quarter of 2026
PHINMA Corporation (“PHN” or the “Company”) began the year with consolidated revenues of ₱5.45 billion, net income of ₱892.28 million, and net income attributable to the parent of ₱407.43 million from January to March. PHINMA Education’s strong performance, as well as higher earnings from PHINMA Solar Energy Corp. and PHINMA’s Hospitality segment, shaped the Company’s first-quarter results. Across the Group, our businesses also improved sales execution, drove cost reduction and maintained disciplined capital management.
PHINMA Education Holdings Inc. (PHINMA Education) reported a 12% increase in enrollment figures for the second semester of School Year (SY) 2025-2026. This growth, supported by enhanced student completion and success initiatives, led to consolidated revenues of ₱2.34 billion and consolidated net income of ₱1.13 billion. To further expand access to affordable quality education for underserved first-generation college students, PHINMA Education acquired Southeastern College—its 12th institution in the Philippines and 14th in Southeast Asia. The Pasay campus provides another growth area in the National Capital Region for the PHINMA Saint Jude College network, joining campuses in Manila and Quezon City.
The PHINMA Construction Materials segment — comprised of Union Galvasteel Corp. (UGC), Philcement Corp., Union Insulated Panel Corp. (UIPC), and PHINMA Solar Energy Corp. (PSEC) — reported combined revenues of ₱2.56 billion and a net loss of ₱23.78 million. For the quarter, Philcement Corp. welcomed an equity investment from Sumitomo Osaka Cement Corporation, reflecting confidence in the industry’s long‑term fundamentals despite continued near‑term weakness. Supported by this investment, Philcement Corp. and its subsidiary, Philcement Mindanao Corp., advanced the construction of the Davao manufacturing and terminal facility. Across the segment, operations focused on efficiency and selective execution: UGC prioritized higher‑margin prime steel products to capture project‑driven demand, UIPC secured large‑scale cold chain and temperature-sensitive logistical contracts, and PSEC maximized rising demand for solar energy solutions amid elevated power costs.
With the persistent slowdown in Metro Manila’s real estate market, PHINMA Property Holdings Corp. (PHINMA Properties) recorded revenues of ₱337.52 million and a net loss of ₱230.04 million. PHINMA’s Property segment continued focusing on regional developments, primarily the Saludad Township in Bacolod, while expanding access to affordable housing through PHINMA CoHo Corporation (PHINMA Community Housing) which is preparing to start construction in Davao.
PHINMA’s Hospitality segment, which includes Coral Way City Hotel Corp., PHINMA Hospitality, Inc., PHINMA Hospitality Management Corp., and PHINMA Microtel Hotels, Inc., reported revenues of ₱144.06 million and a combined net income of ₱12.80 million. Occupancy and room rates improved across several hotel properties due to increased domestic business and leisure activity.
“Our Strategic Business Units continue to focus on execution, stronger revenue generation, cost management, and the strategic use of capital. These initiatives across the Group will further bolster our financial position and support our long-term growth plans, allowing us to better create sustainable impacts in the communities that we seek to uplift and the markets we serve,” said PHINMA Corp. President and Chief Operating Officer Dr. Chito B. Salazar.
As of March 31, 2026, PHINMA Corporation had cash and cash equivalents of ₱4.29 billion, total assets of ₱61.10 billion and total stockholders’ equity of ₱18.61 billion.