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PHINMA expects sustained growth backed by education, property businesses

Published May 13, 2025 02:50 pm

PHINMA Corporation of the Del Rosario family expects to sustain its growth this year on the strength of its education and property businesses

"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," said PHINMA Chairman and CEO Ramon R. del Rosario, Jr.

He added that, “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.” This is 16 percent lower than the ₱4.5 billion allotted last year.

PHINMA 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 net income rose by 27 percent to ₱562.62 million in the first quarter of 2025 as consolidated revenues hit ₱6.6 billion during the period, a 21 percent increase from ₱5.45 billion in the same period last year.

“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 percent.

“Our strong balance sheet and commitment to operational excellence position us favorably to seize opportunities and provide innovative solutions," said PHINMA Chief Financial Officer Edmund Alan A. Qua Hiansen.

PHINMA Education Holdings, Inc. reported revenues and net income of ₱2.1 billion and ₱907.35 million, respectively, during the quarter. Second-semester enrollment for the 2024-2025 school year rose to 137,498 students, a five percent increase from the prior school year, while the retention rate remained strong at 89 percent.

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 (UPC), and PHINMA Solar Energy Corporation (PHINMA Solar), reported combined revenues of ₱3 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 Corporation's 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 in Bacolod, Cebu, Davao, and Batangas.

Coral Way City Hotel Corporation, 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.

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PHINMA Corporation Ramon R. Del Rosario Jr. Edmund Alan A. Qua Hiansen
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