C03471-2025

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)
May 15, 2025
2. SEC Identification Number
CS200315877
3. BIR Tax Identification No.
226-527-915
4. Exact name of issuer as specified in its charter
METRO RETAIL STORES GROUP, INC.
5. Province, country or other jurisdiction of incorporation
CEBU, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
VICSAL BUILDING, CORNER OF C.D. SENO AND W.O. SENO STREETS, GUIZO, NORTH RECLAMATION AREA, MANDAUE CITY Postal Code 6014
8. Issuer's telephone number, including area code
(032) 236-8390
9. Former name or former address, 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 Shares 3,242,265,000
11. Indicate the item numbers reported herein
9

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.

Metro Retail Stores Group, Inc.MRSGI

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Press Release from Metro Retail Stores Group, Inc.
Background/Description of the Disclosure

Metro Retail highlights steady progress, leadership transition in stockholders’ meet
Other Relevant Information

Metro Retail Stores Group, Inc. (MRSGI) recently held its Annual Stockholders Meeting, reporting solid 2024 performance marked by continued expansion, operational efficiency, and a smooth leadership transition as the company prepares for its next phase of growth.
In her first address as Chairperson of the Board, Ms. Sherisa “Baby” Nuesa highlighted Metro Retail’s resilience amid a dynamic market environment. The company reported P39.62 billion in net sales for FY2024, up 3.5% from the previous year, driven by the sustained momentum of its food retail business. Cash earnings as measured by EBITDA rose by 7.8% to P2.34 billion, reflecting disciplined cost management, even as net income held steady at P609.4 million due to non-cash charges tied to MRSGI’s ongoing expansion.
Nuesa underscored the company's strides beyond the numbers. These included the new Metro Distribution Center in Sta. Rosa, Laguna, the opening of eight new stores, and the launch of its Metro Home Improvement and Lifestyle Stores. In recognition of its governance efforts, MRSGI was honored with its first Golden Arrow Award by the Institute of Corporate Directors and was included in the inaugural Fortune Southeast Asia 500, a testament to its standing as one of the region’s top firms.
The occasion also marked a significant leadership transition. After serving as President and Chief Operating Officer for seven years, Manuel C. Alberto retired from executive duties. In his valedictory remarks, he looked back on Metro Retail’s journey of growth and transformation, from pandemic navigation to supply chain modernization and loyalty program expansion. He affirmed his ongoing involvement as Senior Board Advisor.
Unanimously appointed by the Board as President and COO is Joselito “Joel” Orense, who has served as MRSGI’s Chief Finance Officer and Treasurer since 2015. With a decade of leadership within the organization, Orense has played a pivotal role in driving improvements across finance, operations, and strategy, supporting MRSGI’s growth and adaptability in a changing retail environment. Joining him in the executive team is Lucille Malazarte, MRSGI’s newly appointed Chief Finance Officer and Treasurer. With over 30 years of service in the company, Malazarte brings institutional continuity and strong financial stewardship to her new role.
Chairperson Nuesa expressed the Board’s full confidence in the incoming leadership team.
“Our strategy is anchored on three pillars: customer-centricity, business reinvention and expansion, and organizational transformation,” said Nuesa.
The company reaffirmed its commitment to delivering long-term value for shareholders, investing in modern retail formats, enhancing operational agility, and maintaining governance excellence as it enters its next chapter.
# # #
Filed on behalf by:
Name Theresa Marie Puno-Dela Pena
Designation Asst. Corporate Secretary and Compliance Officer