CR07288-2022

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
152897
3. BIR Tax Identification No.
201-128-653-000
4. Exact name of issuer as specified in its charter
Harbor Star Shipping Services, Inc.
5. Province, country or other jurisdiction of incorporation or organization
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
2224 A. Bonifacio St., cor. Pres. Sergio Osmeña Highway, Brgy. Bangkal, Makati City Postal Code 1233
8. Issuer's telephone number, including area code
(+632) 886-3703
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 894,586,870
Treasury 13,271,000
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 Stock
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.

Harbor Star Shipping Services, Inc. TUGS

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 2,049,675 1,528,923
Total Assets 6,646,550 6,209,246
Current Liabilities 1,547,524 1,435,904
Total Liabilities 4,952,583 4,950,326
Retained
Earnings/(Deficit)
382,781 -32,195
Stockholders' Equity 1,693,967 1,258,920
Stockholders' Equity - Parent 1,656,855 1,238,390
Book Value per Share 1.85 1.39
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Gross Revenue 699,592 421,910 2,250,633 1,349,796
Gross Expense 595,885 423,861 1,616,384 1,302,789
Non-Operating Income 562 13,817 8,940 35,540
Non-Operating Expense 92,896 74,733 207,197 210,298
Income/(Loss) Before Tax 11,373 -62,867 435,992 -127,751
Income Tax Expense 4,625 -1,354 8,758 -2,696
Net Income/(Loss) After Tax 6,748 -64,222 427,235 -130,447
Net Income Attributable to
Parent Equity Holder
5,813 -72,008 415,054 -141,090
Earnings/(Loss) Per Share
(Basic)
0.01 -0.08 0.46 -0.16
Earnings/(Loss) Per Share
(Diluted)
0.01 -0.08 0.46 -0.16
Current Year (Trailing 12 months)
Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic) 0.44 -0.26
Earnings/(Loss) Per Share (Diluted) 0.44 -0.26
Other Relevant Information

N/A

Filed on behalf by:
Name Ignatius Rodriguez
Designation Chief of Staff/CIO/Director