C07977-2025

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 12, 2025
2. SEC Identification Number
40524
3. BIR Tax Identification No.
004-666-098-000
4. Exact name of issuer as specified in its charter
MACROASIA CORPORATION
5. Province, country or other jurisdiction of incorporation
City of Makati, Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7th Floor Ricogen Building, 112 Aguirre Street, Legazpi Village, Makati City Postal Code 1229
8. Issuer's telephone number, including area code
(632) 8840-2001
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 1,890,958,323
11. Indicate the item numbers reported herein
Item 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.

MacroAsia CorporationMAC

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

MacroAsia Delivers 9% Earnings Growth in Q3 2025
Background/Description of the Disclosure

MacroAsia Corporation (PSE: MAC) reported a 9% period-to-period increase in consolidated net income to P384.3 million for the third quarter (July – September) of 2025, fueled by stronger aviation services, continued recovery in airline catering, institutional catering growth, and stable contributions from its water operations.

Sustained Revenue Growth Across Core Segments
Consolidated revenues for the quarter rose 17% to P2.59 billion from P2.22 billion in the same period last year, reflecting steady volume gains across MacroAsia’s core business segments:
• Ground Handling and Aviation Services – Revenues grew 16% to P1.04 billion, driven by higher flight handling volumes and operational recovery at major airports nationwide.
• In-flight and Other Catering – Revenues increased 8% to P1.20 billion, supported by growing passenger traffic and the expansion of institutional catering contracts.
• Water Distribution – Revenues edged up 1% to P174.9 million, as new service connections complemented stable consumption in existing concession areas.
• Administrative Fees – Jumped to P159.8 million from P13.5 million last year, reflecting the recognition of lease and service arrangements during the quarter.

From January to September this year, aviation-related businesses continue to account for roughly 78% of total revenues, reaffirming MacroAsia’s strategic position as a key service provider to the Philippine aviation industry.

Higher Volumes Lift Costs but Margins Remain Healthy
Total direct costs and expenses rose 22% to P2.11 billion, mainly due to increased business activity and external cost factors such as higher material costs, mandated labor rate adjustments, and updated lease and fee structures at the Ninoy Aquino International Airport (NAIA). Despite these pressures, MacroAsia maintained a solid gross margin of 19%, even as operating expenses increased to P408.4 million.

Financial Position Remains Strong
As of September 30, 2025, total assets expanded to 21% to P16.18 billion, while equity rose 14% to P8.59 billion.
The current ratio improved to 1.60:1, and the debt-to-equity ratio stood at a moderate 27%, reflecting prudent capital management and healthy leverage to support ongoing expansion in food, water, and aviation-related operations.

Nine-Month Highlights: MacroAsia Posts Strong 9-Month Performance
For the nine months ended September 30, 2025, MacroAsia reported P7.41 billion in consolidated revenues, reflecting a 6% year-on-year increase. On a normalized basis, excluding prior-year non-recurring items, the 2025 topline grew by 10% compared to P6.7 billion as normalized revenues in 2024.

Net income reached P1.16 billion, representing a 14% increase versus the normalized nine-month 2024 net income of P1.02 billion, which excluded one-off gains related to the previous year.

The growth in 2025 is anchored on strong performance across MacroAsia’s core businesses—airline catering, ground handling, and water services—all of which continued to register higher volumes and sustained revenue expansion amid steady recovery in travel demand and increased institutional accounts.


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Other Relevant Information

Please refer to the attached files.
Filed on behalf by:
Name Amador Sendin
Designation CFO, CRO, SVP Administration