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Manila Bulletin devider Business devider The Stock Market devider PHINMA suffers losses as construction, property, hotel businesses face challenges

PHINMA suffers losses as construction, property, hotel businesses face challenges

Published Mar 11, 2026 10:49 am

Del Rosario-led PHINMA Corp. reported an attributable net loss of ₱308.83 million in 2025 after a 66-percent drop in attributable net income to ₱279.55 million in 2024, due to losses in its construction materials, property, and hotel businesses.

In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, March 11, the firm said consolidated revenues improved 7.4 percent to ₱22.84 billion last year from ₱21.27 billion in 2024 due to the strong performance of PHINMA Education Holdings Inc.

PHINMA Education booked revenues of ₱7.19 billion, up 12.5 percent from ₱6.39 billion in 2024, while consolidated net income grew 35 percent to ₱1.61 billion for the calendar year ended December 2025 from ₱1.19 billion in the previous year.

Performance was driven by a record enrollment of 177,851 students in the Philippines and Indonesia for school year (SY) 2025-2026, supported by sustained improvements in student retention and completion.

To widen its reach to underserved students in Southeast Asia, PHINMA Education inaugurated new buildings at Southwestern University PHINMA, PHINMA Saint Jude College, and Horizon University Indonesia.

PHINMA Construction Materials Group (CMG), PHINMA Properties, and PHINMA Hospitality accelerated investments during the year to expand capacity and strengthen operational capabilities.

This was reflected in higher capital expenditures, with consolidated capex increasing from ₱3.14 billion in 2024 to ₱5 billion in 2025.

These investments were undertaken amid a volatile macroeconomic and industry environment and were directed toward projects intended to support future operating capacity across the group’s businesses.

During the year, the group also refinanced portions of its borrowings by converting certain short-term obligations into longer-term debt, extending maturities and strengthening the group’s liquidity profile.

“While 2025 presented a challenging operating environment, the group continued to invest in initiatives that strengthen our long-term growth platform," said Ramon R. del Rosario Jr., chairman and chief executive officer (CEO) of PHINMA.

The expansion of PHINMA Education, the regional development of PHINMA Properties, strategic partnerships in construction materials, and new hospitality and community housing projects are building additional operating capacity across PHINMA’s businesses.

“These investments position PHINMA to participate more fully in the country’s long-term growth while continuing our mission of serving underserved families and communities,” del Rosario added.

PHINMA CMG, composed of Union Galvasteel Corp., Philcement Corp., Union Insulated Panel Corp., and PHINMA Solar Energy Corp., posted combined revenues of ₱13.33 billion and a net loss of ₱265.38 million.

Macroeconomic pressures amid the fallout from the flood control corruption issue, combined with industry-related challenges, weighed on the group’s performance. While PHINMA CMG had no direct exposure to the flood control projects, it proactively tightened credit controls in response to heightened market uncertainty.

PHINMA Property Holdings Corp. recognized ₱1.44 billion in revenues and a net loss of ₱646.56 million amid a broad slowdown in the Metro Manila real estate market.

Meanwhile, PHINMA’s hospitality segment, which includes Coral Way City Hotel Corp., PHINMA Hospitality Inc., and PHINMA Microtel Hotels Inc., posted revenues of ₱527.33 million and a net loss of ₱17.94 million.

Slight growth in leisure, corporate, meetings, and conventions bookings partially offset softened demand due to weak tourist arrivals and the hospitality segment’s ongoing expansion efforts.

Related Tags

PHINMA Corporation PHINMA Education Holdings Inc. Phinma Properties Phinma Hospitality Ramon R. Del Rosario Jr.
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