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

Jun 30, 2022

2. SEC Identification Number

CS200321240

3. BIR Tax Identification No.

227-599-320-000

4. Exact name of issuer as specified in its charter

CEBU LANDMASTERS, INC

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

CEBU CITY, CEBU, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10TH FLOOR, PARK CENTRALE, B2 L3, JOSE MA. DEL MAR ST., CEBU IT PARK, APAS, CEBU CITY Postal Code 6000

8. Issuer's telephone number, including area code

(032) 2314914

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	3,465,201,467

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.

Cebu Landmasters, Inc.CLI

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	Jun 30, 2022
Currency (indicate units, if applicable)	PHP

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Jun 30, 2022	Dec 31, 2021
Current Assets	44,946,734,219	37,002,075,676
Total Assets	74,729,714,532	66,652,105,433
Current Liabilities	27,487,089,464	22,163,706,708
Total Liabilities	55,727,259,729	48,719,923,909
Retained Earnings/(Deficit)	7,399,872,155	6,369,153,605
Stockholders' Equity	19,002,454,807	17,932,181,524
Stockholders' Equity - Parent	11,892,261,665	10,839,874,203
Book Value per Share	3.43	3.13

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	3,908,262,217	2,820,520,451	7,555,740,014	5,191,950,433
Gross Expense	2,750,083,477	2,085,578,364	5,213,480,240	3,690,968,209
Non-Operating Income	632,659	2,551,665	1,220,465	3,225,033
Non-Operating Expense	127,442,120	46,812,127	240,529,928	97,566,063
Income/(Loss) Before Tax	1,031,369,279	690,681,625	2,102,950,311	1,406,641,194
Income Tax Expense	252,123,166	51,955,327	503,506,729	42,729,791
Net Income/(Loss) After Tax	779,246,113	638,726,298	1,599,443,582	1,363,911,403
Net Income Attributable to Parent Equity Holder	739,862,204	604,123,398	1,550,498,771	1,317,955,685
Earnings/(Loss) Per Share (Basic)	0.21	0.17	0.45	1.04
Earnings/(Loss) Per Share (Diluted)	0.21	0.17	0.45	1.04

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	0.55	0.85
Earnings/(Loss) Per Share (Diluted)	0.55	0.85

Other Relevant Information

The EPS reflected in the Financial statements are in accordance to accounting standards to use the weighted average shares of the period. The weighted average shares in 2022 uses post-stock dividend shares of 3,463,526,732 while pre-stock dividend shares were used in 2021 of 1,555,814,333. This caused the decline in EPS using this method despite the 18% growth in earnings to parent in 2022. There was also no real additional capital infused into the company and every shareholder still earned their proportionate share of net income pre- and post- stock dividends. To reflect the actual performance of the company, EPS may be computed using the current outstanding shares as of June 30, 2022 totaling 3,465,201,467. This will result to an EPS in H12022 of 0.45 and H12021 of 0.38 , an increase of 27%.