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Manila Bulletin devider Business devider The Stock Market devider PDS acquisition drives 5.1% growth in PSE's first-quarter net income

PDS acquisition drives 5.1% growth in PSE's first-quarter net income

Published May 16, 2025 02:18 pm
The acquisition of the fixed-income bourse boosted the earnings of the Philippine Stock Exchange, Inc. (PSE), which reported a 5.1 percent uptick in its net income for the first quarter of 2025 to ₱254.67 million from ₱242.38 million in the same period last year.
The PSE said financial performance this quarter takes into account its acquisition of additional shares in Philippine Dealing System Holdings Corporation (PDS) which brings the total interest to 79.9 percent at the end of the quarter from its original 20.98 percent stake and up to 91.6 percent as of May 15, 2025.
The PDS acquisition forms part of PSE’s three-year strategic agenda that seeks to provide investors with an integrated facility to trade fixed income, equities and other products under a unified marketplace.
“The acquisition of PDS gives us another stable revenue source. But more than the consolidation of PDS numbers into PSE’s financial performance, this integration has always been intended to introduce synergies between the two exchanges to enhance the domestic capital market infrastructure,” PSE President and Chief Executive Officer Ramon S. Monzon said.
Because of the acquisition, the PSE’s operating revenues surged by 82.7 percent to ₱645.49 million from ₱353.34 million, driven by an increase in trading- and listing-related revenues of 83.8 percent to ₱222.60 million and 49.2 percent to ₱171.19 million, respectively.
Trading-related revenues were boosted by the consolidation of transaction revenues from the Philippine Dealing & Exchange Corp and the Philippine Depository & Trust Corp. (PDTC) as well as the 5.1 percent increase in trading value in the equities market.
Meanwhile, revenues from additional listings and a higher cap on listing maintenance contributed to gains in listing-related revenues. Additionally, depository securities account fees from PDTC contributed ₱139.28 million to the overall increase in revenues.
Total operating expenses went up by 93.8 percent to ₱339.14 million from ₱174.99 million on the consolidation of PDS costs. Despite the increase in expenses, operating income rose by 71.8 percent to ₱306.35 million from ₱178.35 million in the same quarter last year.
The PSE’s net income was curbed by a decline in other income which registered a decrease of 73.2 percent to ₱32.23 million from ₱120.17 million on lower returns from financial assets amid market volatility.
This month, PSE is set to introduce the new version of the PSE EASy mobile app. Aside from share subscription during initial public offerings and follow-on offerings, payment for subscribed shares can also be done through the platform via online payment channels.
Account registration in PSE EASy is free but the Local Small Investor creating an account should already have a stock market account with a PSE-accredited stock brokerage firm. Both PSE EASy and PSE EQUIP mobile applications can be downloaded through AppStore and Google Play.

Related Tags

Philippine Stock Exchange Ramon S. Monzon Philippine Dealing System Holdings Corporation Philippine Dealing & Exchange Corporation Philippine Depository & Trust Corporation
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