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, 2024

2. SEC Identification Number

CS200900917

3. BIR Tax Identification No.

007-213-353-000

4. Exact name of issuer as specified in its charter

ITALPINAS DEVELOPMENT CORPORATION

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

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Unit 28C BPI Philamlife Building, 6811 Ayala Ave., Makati Postal Code 1226

8. Issuer's telephone number, including area code

(+63 2) 8893 0328

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 Shares	629,568,795

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:

The Philippine Stock Exchange, Inc. / 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.

Italpinas Development CorporationIDC

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, 2024
Currency (indicate units, if applicable)	PHP

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2024	Dec 31, 2023
Current Assets	2,634,008,656	2,552,656,426
Total Assets	3,807,816,917	3,721,211,106
Current Liabilities	1,717,869,457	1,634,157,979
Total Liabilities	2,554,191,148	2,470,479,670
Retained Earnings/(Deficit)	780,890,372	777,996,040
Stockholders' Equity	1,253,625,768	1,250,731,436
Stockholders' Equity - Parent	1,253,625,768	1,250,731,436
Book Value per Share	1.99	1.99

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	54,760,939	85,889,573	54,760,939	85,889,573
Gross Expense	47,125,621	78,128,981	47,125,621	78,128,981
Non-Operating Income	1,823,548	1,160,676	1,823,548	1,160,676
Non-Operating Expense	4,993,679	5,140,540	4,993,679	5,140,540
Income/(Loss) Before Tax	4,465,188	3,780,728	4,465,188	3,780,728
Income Tax Expense	1,570,856	1,864,903	1,570,856	1,864,903
Net Income/(Loss) After Tax	2,894,332	1,915,825	2,894,332	1,915,825
Net Income Attributable to Parent Equity Holder	2,894,332	1,915,825	2,894,332	1,915,825
Earnings/(Loss) Per Share (Basic)	0	0	0	0
Earnings/(Loss) Per Share (Diluted)	0	0	0	0

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	0	0
Earnings/(Loss) Per Share (Diluted)	0	0

Other Relevant Information
Please see attached Quarterly Report for the period ended March 31, 2024