PSE profits soar 25% driven by PDS Holdings acquisition
The acquisition of over 90 percent of the Philippine Dealing System Holdings Corporation (PDSHC) has boosted the net income of the Philippine Stock Exchange by 25 percent, ₱495.7 million for the first six months of 2025 from ₱398 million in the same period last year.
In a disclosure, the bourse said the growth was primarily driven by the consolidation of the PDSHC following the acquisition of the controlling interest.
Operating revenues rose by 82 percent, which is mainly due to the significant increase in trading-related fees and listing-related fees, which grew by ₱233.9 million and ₱36.7 million, respectively.
The surge in revenue from trading-related fees was largely attributed to transaction fees from the subsidiaries of PDSHC, while the increase in revenue from listing-related fees was driven by the additional listing fees and listing maintenance fees, which grew by 57 percent and 43 percent, respectively.
Furthermore, depository securities account fees from the Philippine Depository & Trust Corporation (PDTC) contributed an additional ₱282.4 million, boosting total revenues.
These increases were partially offset by the combined effect of a 70 percent increase in total expenses and a 58 percent decline in other income.
The decrease in other income was mainly due to foreign exchange losses driven by prevailing market volatility and interest expense from loans payable.
In the same period last year, the PSE recorded income from PDSHC as an associate company. Since the Group acquired additional interests from Dec. 27, 2024, to June 30, 2025, it is now treated as a subsidiary.
As a result, the Group no longer recorded equity income from PDHSC, which contributed to the decline in other income this year.