SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Apr 25, 2025

2. SEC Identification Number

34001

3. BIR Tax Identification No.

000-708-174-000

4. Exact name of issuer as specified in its charter

BDO Unibank, Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

BDO Corporate Center, 7899 Makati Ave., Makati City Postal Code 0726

8. Issuer's telephone number, including area code

(632)8840-7000 / 8702-6000

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

--

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	5,272,738,089
Preferred	618,000,000

11. Indicate the item numbers reported herein

Item 9 - Other Events

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.

BDO Unibank, Inc.BDO

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Results of Board Meeting
Background/Description of the Disclosure
Ladies and Gentlemen: Please be informed that the Board of Directors of BDO Unibank, Inc. (BDO), at its regular meeting held today, April 25, 2025, approved the following: 1. The Financial Statements of BDO for the First Quarter of 2025, 2. Increase in the regular quarterly cash dividends on common shares of BDO to Php1.10 per share beginning second quarter of 2025, which shall be the new Dividend Policy of BDO going forward, and 3. Increase in BDO’s Peso Bond Program to Php500 billion. Moreover, BDO will be releasing to the press the attached statement entitled “BDO earns P19.7 billion in Q1 2025.” BDO recorded a net income of Php19.7 billion in Q1 2025, vs. Php18.5 billion for the comparable period a year ago, driven by sustained performance across its core businesses. Return on average common equity was at 13.8% for the period. Gross customer loans grew by 12% to Php3.3 trillion, reflecting broad-based growth across all market segments. Deposits expanded by 6% to Php3.8 trillion, with a current account/savings account ratio of 70%. Asset quality improved, with non-performing loan (NPL) ratio decreasing to 1.77%, and NPL coverage at 143%, according to the updated BSP guidelines which exclude provisions appropriated in retained earnings. Using the old reporting standard, NPL coverage would have been 179% in Q1 2025. Shareholders’ equity increased by 12% on continued profitable operations, with book value per share up by 12% to Php111.13. The Bank’s CET1 ratio was higher at 14.4%, from 13.6% in the same period last year. Thank you.
Other Relevant Information
Please see attachment.