PHINMA Corp. saw consolidated net income surge to P1.16 billion in the first nine months of 2026 from P376.04 million a year earlier as stronger earnings from its education business helped cushion continued losses in construction materials and property.
Consolidated revenues, meanwhile, declined by 6.9 percent to P15.18 billion from P16.31 billion in the same period last year, the listed holding company said in a disclosure on Monday.
Phinma Chairman and CEO Ramon del Rosario Jr. said the group was shifting its focus toward translating its investments into stronger business performance.
“As these investments come to fruition, our focus is increasingly on execution — ensuring that the capacity we have built translates into stronger performance and greater impact,” he said.
Net income attributable to the parent company turned positive at P306.19 million from a net loss of P216.45 million in the previous year.
Phinma Education Holdings Inc. remained the group’s biggest earnings contributor, reporting revenues of P6.07 billion and consolidated net income of P1.94 billion during the nine-month period.
Enrollment for the first semester of school year 2026-2027 exceeded 190,000 learners across the Philippines and Indonesia, up from 177,851 last year.
The education arm also pursued operational efficiencies and cost management measures to mitigate inflationary pressures while continuing investments in academic quality and student success.
The group’s construction materials segment, comprising Union Galvasteel Corp., Philcement Corp., Union Insulated Panel Corp. and Phinma Solar Energy Corp., generated combined revenues of P7.66 billion but incurred a net loss of P105.35 million.
The company attributed the segment’s challenges to subdued construction activity and weather-related disruptions, prompting operational improvements and strategic capacity investments.
Phinma Property Holdings Corp. posted a net loss of P525.44 million on revenues of P782.94 million as it navigated the property sector slowdown.
The company continued developing its Saludad township in Bacolod City while pursuing operational improvements.
Meanwhile, Phinma’s hospitality business recorded combined revenues of P483.10 million and net income of P25.08 million, supported by domestic tourism and corporate demand.
As of end-September, Phinma had cash and cash equivalents of P3.76 billion, total assets of P63.85 billion and total stockholders’ equity of P19.21 billion.
Phinma shares last traded on Nov. 6 at P14.02 each.
