C07920-2025

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)
Nov 11, 2025
2. SEC Identification Number
14829
3. BIR Tax Identification No.
000-164-757
4. Exact name of issuer as specified in its charter
Shell Pilipinas Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
41st Floor, The Finance Center, 26th Street corner 9th Avenue, Bonifacio Global City, Brgy. Fort Bonifacio Taguig City, Metro Manila Postal Code 1635
8. Issuer's telephone number, including area code
0234994001
9. Former name or former address, if changed since last report
Pilipinas Shell Petroleum Corporation
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 1,613,444,202
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.

Shell Pilipinas CorporationSHLPH

PSE Disclosure Form 4-26 - Legal Proceedings References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Recent Decision of the Court of Tax Appeals En Banc
Background/Description of the Disclosure

On 11 November 2025, SHLPH received a copy of the Decision dated 05 November 2025 issued by the Court of Tax Appeals En Banc in the consolidated cases docketed as CTA EB No. 2842 (entitled “Collector of Customs of the Port of Batangas and Bureau of Customs vs. Pilipinas Shell Petroleum Corporation”) and CTA EB No. 2844 (entitled “Commissioner of Internal Revenue, et al. vs. Pilipinas Shell Petroleum Corporation").

In the said Decision dated 05 November 2025, the CTA En Banc denied the consolidated Petitions for Review filed by the Bureau of Customs and Commissioner of Internal Revenue to question the earlier Decision dated 27 April 2023 of the Court of Tax Appeals Special Second (2nd) Division, which ruled that Alkylate is not subject to excise tax and granted SHLPH’s Amended Petition for Review dated 05 October 2012. The CTA 2nd Division had invalidated Document No. M-059-2012 dated 29 June 2012 issued by the Commissioner of Internal Revenue as well as the Letter dated 01 October 2012 of the Collector of Customs of the Port of Batangas which sought to impose taxes on SHLPH’s previous alkylate importations. Thus, the CTA 2nd Division prohibited the government from collecting, in any manner, excise taxes and value-added tax on SHLPH’s Alkylate importations.
Name of the court or agency in which the proceedings are pending Court of Tax Appeals En Banc
Date Instituted Dec 19, 2023
Docket Number CTA EB Nos. 2842 and 2844
Principal Parties

SHLPH; Bureau of Customs; Commissioner of Internal Revenue
Nature and description of the legal proceedings

On 11 November 2025, SHLPH received a copy of the Decision dated 05 November 2025 issued by the Court of Tax Appeals En Banc in the consolidated cases docketed as CTA EB No. 2842 (entitled “Collector of Customs of the Port of Batangas and Bureau of Customs vs. Pilipinas Shell Petroleum Corporation”) and CTA EB No. 2844 (entitled “Commissioner of Internal Revenue, et al. vs. Pilipinas Shell Petroleum Corporation").

In the said Decision dated 05 November 2025, the CTA En Banc denied the consolidated Petitions for Review filed by the Bureau of Customs and Commissioner of Internal Revenue to question the earlier Decision dated 27 April 2023 of the Court of Tax Appeals Special Second (2nd) Division, which ruled that Alkylate is not subject to excise tax and granted SHLPH’s Amended Petition for Review dated 05 October 2012. The CTA 2nd Division had invalidated Document No. M-059-2012 dated 29 June 2012 issued by the Commissioner of Internal Revenue as well as the Letter dated 01 October 2012 of the Collector of Customs of the Port of Batangas which sought to impose taxes on SHLPH’s previous alkylate importations. Thus, the CTA 2nd Division prohibited the government from collecting, in any manner, excise taxes and value-added tax on SHLPH’s Alkylate importations.
The effect(s) on the Issuer's business or operations, if any

The CTA En Banc Decision affirms SHLPH’s position that alkylate is not subject to excise tax. Once the Decision becomes final, SHLPH will consider the necessary legal actions to recover amounts previously paid to the government under protest for its past alkylate importations. Currently, SHLPH is no longer importing alkylate.
Other Relevant Information

Pls refer to attached 17-C
Filed on behalf by:
Name Mark Hadrian Gamo
Designation Corporate Secretary