C02427-2025 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common shares | 336,325,265 |
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Subject of the Disclosure |
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PHINMA Corporation revenues rise to P23.8B in 2024 |
Background/Description of the Disclosure |
PHINMA Corporation (“PHN” or the “Company”) reported consolidated revenues of ₱23.76 billion for the period ending December 31, 2024, higher than ₱21.27 billion in the previous year as strategic business units (SBUs) sustained their topline growth amid challenging market conditions. The Company’s consolidated net income and net income attributable to equity holders of the parent were at ₱936.87 million and ₱279.55 million, compared to the restated 2023 figures of ₱1.50 billion and ₱831.27 million respectively. Following a self-initiated review by the Company’s subsidiary Union Galvasteel Corporation (UGC), the Securities and Exchange Commission granted PHN’s request to restate its 2023 financial statement resulting to lower retained earnings. |
Other Relevant Information |
Please see attached Press Release. |
Name | Rolando Soliven |
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Designation | Vice President Corporate Governance and Chief Compliance Officer |