CR07262-2022

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
Sep 30, 2022
2. SEC Identification Number
CS201013282
3. BIR Tax Identification No.
007-851-927-000
4. Exact name of issuer as specified in its charter
AXELUM RESOURCES CORP.
5. Province, country or other jurisdiction of incorporation or organization
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
ICS Bldg. Tiano-Montalvan Sts., Cagayan de Oro City Postal Code 9000
8. Issuer's telephone number, including area code
02-88510715
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 3,798,405,500
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.

Axelum Resources Corp.AXLM

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 Sep 30, 2022
Currency (indicate units, if applicable) PHP in thousands
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Sep 30, 2022 Dec 31, 2021
Current Assets 5,957,634 4,559,113
Total Assets 11,559,607 10,081,581
Current Liabilities 1,367,539 775,012
Total Liabilities 1,549,771 887,732
Retained
Earnings/(Deficit)
3,468,133 2,750,855
Stockholders' Equity 10,009,836 9,193,849
Stockholders' Equity - Parent 9,485,821 8,868,113
Book Value per Share 2.65 2.37
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Gross Revenue 1,937,098 1,685,517 5,312,471 4,789,250
Gross Expense 1,630,014 1,444,661 4,642,775 4,161,014
Non-Operating Income 113,951 93,258 272,176 133,882
Non-Operating Expense 10,763 13,059 24,125 28,151
Income/(Loss) Before Tax 410,272 321,055 917,747 733,967
Income Tax Expense 113,840 60,787 200,469 155,281
Net Income/(Loss) After Tax 296,432 260,268 717,278 578,686
Net Income Attributable to
Parent Equity Holder
296,432 260,268 717,278 578,686
Earnings/(Loss) Per Share
(Basic)
0.08 0.07 0.19 0.15
Earnings/(Loss) Per Share
(Diluted)
0.08 0.07 0.19 0.15
Current Year (Trailing 12 months)
Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic) 0.21 0.17
Earnings/(Loss) Per Share (Diluted) 0.21 0.17
Other Relevant Information

See attached SEC Form 17-Q and unaudited condensed consolidated interim financial statements for the Third Quarter ended September 30, 2022.

Filed on behalf by:
Name Maria Theresa Paguirigan
Designation Treasurer, Chief Financial Officer and Asst. Corporate Secretary