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

Sep 30, 2025

2. SEC Identification Number

145490

3. BIR Tax Identification No.

00144386

4. Exact name of issuer as specified in its charter

SHANG PROPERTIES, INC.

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

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

5th Floor, Shangri-La Plaza Admin Office, EDSA corner Shaw Boulevard, Mandaluyong City Postal Code 1550

8. Issuer's telephone number, including area code

0283702700

9. Former name or former address, and former fiscal year, 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	4,764,056,287

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:

PHILIPPINE STOCK EXCHANGE

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.

Shang Properties, Inc.SHNG

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	Sep 30, 2025
Currency (indicate units, if applicable)	in Thousand PHP

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Sep 30, 2025	Dec 31, 2024
Current Assets	36,630,511	22,703,306
Total Assets	105,586,164	91,842,336
Current Liabilities	23,118,492	17,813,489
Total Liabilities	47,537,694	34,535,632
Retained Earnings/(Deficit)	46,662,676	45,480,205
Stockholders' Equity	58,048,470	57,306,704
Stockholders' Equity - Parent	52,443,723	51,232,588
Book Value per Share	11.01	10.75

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	2,528,628	2,906,300	7,501,417	8,136,766
Gross Expense	1,820,780	1,676,474	5,123,061	4,680,857
Non-Operating Income	405,074	847,965	1,270,149	2,130,287
Non-Operating Expense	28,740	13,938	67,445	28,068
Income/(Loss) Before Tax	1,084,181	2,063,853	3,581,060	5,558,128
Income Tax Expense	180,355	336,085	583,333	861,939
Net Income/(Loss) After Tax	903,827	1,727,768	2,997,727	4,696,189
Net Income Attributable to Parent Equity Holder	769,686	1,584,020	2,531,161	4,239,331
Earnings/(Loss) Per Share (Basic)	0.16	0.33	0.53	0.89
Earnings/(Loss) Per Share (Diluted)	0.16	0.33	0.53	0.89

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	1.61	1.26
Earnings/(Loss) Per Share (Diluted)	1.61	1.26

Other Relevant Information
N/A