PHINMA Corp. reported a consolidated net income of PHP 1.16 billion for the first nine months of 2026, driven by continued growth in its education arm and steady demand across its hospitality portfolio despite inflationary pressures and higher interest rates. For the period ending 30 September 2026, the company posted consolidated revenues of PHP 15.18 billion, while net income attributable to the parent company reached PHP 306.19 million. PHINMA Education Holdings Inc. was the largest contributor to the group’s results, generating PHP 6.07 billion in revenue and PHP 1.94 billion in consolidated net income. Enrollment for the first semester of school year 2026‑2027 exceeded 190,000 students across the Philippines and Indonesia. The construction materials segment, which includes Union Galvasteel Corp., Philcement Corp., Union Insulated Panel Corp. and PHINMA Solar Energy Corp., recorded combined revenues of PHP 7.66 billion but incurred a net loss of PHP 105.35 million, citing subdued construction activity and weather‑related disruptions. The group continued capacity investments, preparing for the commissioning of Philcement’s 2‑million‑metric‑ton cement facility in Panabo, Davao del Norte, and inaugurating Union Insulated Panel’s manufacturing facility in Porac, Pampanga. PHINMA Property Holdings Corp. reported revenue of PHP 782.94 million and a net loss of PHP 525.44 million. PHINMA’s hospitality businesses generated combined revenues of PHP 483.10 million and net income of PHP 25.08 million. Chairman and CEO Ramon R. del Rosario Jr. said the group’s focus is shifting toward translating 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. As of 30 September 2026, PHINMA had cash and cash equivalents of PHP 3.76 billion, total assets of PHP 63.85 billion and stockholders’ equity of PHP 19.21 billion.
Article source: The Daily Tribune | Image credit: The Daily Tribune