PHINMA Corp. on Wednesday reported a consolidated net income of P326.65 million for 2025, sharply lower than the P936.87 million recorded in 2024, as its construction materials and property segments both incurred substantial losses.
In a disclosure, Phinma said the bottom line was driven by the performance of its education segment.
Full-year revenues were lower at P22.84 billion from P23.76 billion, while consolidated earnings before interest, taxes, depreciation and amortization totaled P3.48 billion
Net loss attributable to equity holders of the parent stood at P308.83 million.
For the fourth quarter, Phinma posted revenues of P6.54 billion and a consolidated net loss of P49.39 million.
Its education arm, Phinma Education Holdings Inc., generated P7.19 billion in revenues and a consolidated net income of P1.61 billion, driven by the record enrollment of 177,851 students in the Philippines and Indonesia and supported by improved retention and completion rates.
The construction materials group, which includes Union Galvasteel Corp. and Philcement Corp., posted combined revenues of P13.33 billion but incurred a net loss of P265.38 million amid macroeconomic pressures and industry challenges.
The company’s property unit, Phinma Property Holdings Corp., generated P1.44 billion in revenues but recorded a net loss of P646.56 million, reflecting a slowdown in the Metro Manila real estate market.
Its hospitality segment posted revenues of P527.33 million and a net loss of P17.94 million as weaker tourist arrivals tempered demand despite growth in leisure and corporate bookings.
Capital expenditures rose to P5 billion from P3.14 billion in 2024 as the group accelerated investments to expand capacity and strengthen operations.
“While 2025 presented a challenging operating environment, the group continued to invest in initiatives that strengthen our long-term growth platform,” Phinma Chairman and CEO Ramon del Rosario Jr. said.
“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,” he added.
Phinma shares rose P0.20, or 1.40 percent, to close at P14.50 each on Wednesday.
