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, 2023

2. SEC Identification Number

PW-94

3. BIR Tax Identification No.

000-707-922-000

4. Exact name of issuer as specified in its charter

PAL Holdings, Inc

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

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

8th Floor, PNB Financial Center, Pres. Diosdado Macapagal Ave., CCP Complec, Pasay City Postal Code 1300

8. Issuer's telephone number, including area code

(632) 8816-3451

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

Not Applicable

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 Stock	11,610,978,242

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 - 10,514,618,996 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.

PAL Holdings, Inc.PAL

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, 2023
Currency (indicate units, if applicable)	In Thousand Php

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2023	Dec 31, 2022
Current Assets	79,284,332	72,376,268
Total Assets	209,011,397	206,036,923
Current Liabilities	83,886,982	82,628,617
Total Liabilities	190,721,648	193,214,040
Retained Earnings/(Deficit)	-16,868,681	-21,551,143
Stockholders' Equity	18,289,749	12,822,883
Stockholders' Equity - Parent	6,263,056	1,748,585
Book Value per Share	1.87	1.31

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	42,208,179	23,624,932	42,208,179	23,624,932
Gross Expense	34,684,613	21,830,448	34,684,613	21,830,448
Non-Operating Income	538,199	1,054,722	538,199	1,054,722
Non-Operating Expense	2,118,636	1,542,312	2,118,636	1,542,312
Income/(Loss) Before Tax	5,943,129	1,306,894	5,943,129	1,306,894
Income Tax Expense	48,248	19,580	48,248	19,580
Net Income/(Loss) After Tax	5,894,881	1,287,314	5,894,881	1,287,314
Net Income Attributable to Parent Equity Holder	4,653,494	1,083,637	4,653,494	1,083,637
Earnings/(Loss) Per Share (Basic)	0.4	0.09	0.4	0.09
Earnings/(Loss) Per Share (Diluted)	0.4	0.09	0.4	0.09

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	1.01	5.92
Earnings/(Loss) Per Share (Diluted)	1.01	5.92

Other Relevant Information
None.