SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Mar 31, 2022

2. SEC Identification Number

AS93005277

3. BIR Tax Identification No.

002-648-099-000

4. Exact name of issuer as specified in its charter

LBC EXPRESS HOLDINGS, INC. (formerly FEDERAL RESOURCES INVESTMENT GROUP INC.)

5. Province, country or other jurisdiction of incorporation or organization

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

LBC Hangar, General Aviation Center, Domestic Airport Road, Pasay City Postal Code 1300

8. Issuer's telephone number, including area code

(632) 8856 8510

9. Former name or former address, and former fiscal year, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	1,425,865,471

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

Philippine Stock Exchange / Common Shares

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

LBC Express Holdings, Inc.LBC

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Mar 31, 2022
Currency (indicate units, if applicable)	PHP

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2022	Dec 31, 2021
Current Assets	9,925,655,803	9,614,443,772
Total Assets	16,206,004,336	15,917,830,041
Current Liabilities	11,036,327,189	10,717,066,630
Total Liabilities	14,032,611,946	13,846,344,646
Retained Earnings/(Deficit)	719,115,080	670,248,037
Stockholders' Equity	2,173,392,390	2,071,485,395
Stockholders' Equity - Parent	2,155,594,436	2,050,620,200
Book Value per Share	1.51	1.44

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	3,957,483,529	4,356,312,609	3,957,483,529	4,356,312,609
Gross Expense	3,679,416,179	3,878,441,895	3,679,416,179	3,878,441,895
Non-Operating Income	29,228,950	19,850,488	29,228,950	19,850,488
Non-Operating Expense	247,406,119	215,427,845	247,406,119	215,427,845
Income/(Loss) Before Tax	59,890,181	282,293,357	59,890,181	282,293,357
Income Tax Expense	16,127,634	140,414,679	16,127,634	140,414,679
Net Income/(Loss) After Tax	43,762,547	141,878,678	43,762,547	141,878,678
Net Income Attributable to Parent Equity Holder	48,867,043	139,733,091	48,867,043	139,733,091
Earnings/(Loss) Per Share (Basic)	0.03	0.1	0.03	0.1
Earnings/(Loss) Per Share (Diluted)	0.03	0.1	0.03	0.1

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	-0.67	0.11
Earnings/(Loss) Per Share (Diluted)	-0.67	0.11

Other Relevant Information
None.