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Pryce's 2025 profit surges 30% on industrial gas expansion

Business | Trade & Industry

Pryce's 2025 profit surges 30% on industrial gas expansion

By Gabriell Christel Galang

Listed firm Pryce Corp. (PPC) reported a 30-percent growth in its full-year 2025 performance, buoyed by continued expansion in its industrial gas segment.

In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Jan. 30, Pryce said its consolidated net income last year grew to ₱4.01 billion from the previous year’s ₱3.09 billion.

Its industrial gas operations posted a 32.3-percent year-on-year increase to ₱1.21 billion as the company expanded its air separation plants and benefited from growing market demand.

PPC is looking to further scale up its industrial gas footprint to maintain profitability and operational efficiency, as it plans to develop a new air separation plant in Davao. The project is currently in the preliminary stages of construction and is expected to be completed by the first quarter of 2027. Once operational, it is expected to strengthen the company’s industrial gas business.

Apart from the Davao development, the company is also planning to build new facilities in Pangasinan province and Bacolod City, each valued at around ₱2 billion.

In 2024, the existing air separation plant posted an output of 8,900 equivalent standard cylinders (ESC) of oxygen, nitrogen, and argon, raising total industrial gas volume to 2.03 million cylinders.

Total revenues likewise increased by 9.6 percent to ₱22.72 billion in 2025 from ₱20.72 billion in 2024, driven largely by strong contributions from its liquefied petroleum gas (LPG) products.

In 2025, LPG accounted for ₱19.64 billion of total revenues, up 2.6 percent from the previous year.

Other contributors to Pryce’s overall growth included an 11.7-percent increase in real estate and memorial park operations, as well as a 10.4-percent improvement in pharmaceutical sales.

Total costs and expenses rose by 6.1 percent to ₱18.7 billion last year.

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