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

CS200900917

3. BIR Tax Identification No.

007-213-353-000

4. Exact name of issuer as specified in its charter

ITALPINAS DEVELOPMENT CORPORATION

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

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Unit 28C BPI Philamlife Building, 6811 Ayala Ave., Makati Postal Code 1226

8. Issuer's telephone number, including area code

(+63 2) 8893 0328

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

Not applicable

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	724,004,114

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:

The Philippine Stock Exchange, Inc. - Common Shares

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.

Italpinas Development CorporationIDC

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)	PHP

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Sep 30, 2025	Dec 31, 2024
Current Assets	3,381,815,493	3,062,892,108
Total Assets	4,791,319,420	4,458,958,687
Current Liabilities	2,047,139,360	2,071,650,944
Total Liabilities	3,057,107,104	2,751,548,239
Retained Earnings/(Deficit)	1,077,376,552	1,050,574,683
Stockholders' Equity	1,734,212,316	1,707,410,448
Stockholders' Equity - Parent	1,734,212,316	1,707,410,448
Book Value per Share	2.4	2.36

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	22,342,879	61,526,319	36,074,867	180,715,740
Gross Expense	53,136,889	55,291,480	114,435,194	159,726,095
Non-Operating Income	56,292,554	1,328,601	164,611,110	4,492,567
Non-Operating Expense	15,986,462	6,307,096	53,667,443	18,566,112
Income/(Loss) Before Tax	9,512,082	1,256,343	32,583,340	6,916,100
Income Tax Expense	0	264,429	5,781,470	2,545,194
Net Income/(Loss) After Tax	9,512,082	991,914	26,801,870	4,370,906
Net Income Attributable to Parent Equity Holder	9,512,082	991,914	26,801,870	4,370,906
Earnings/(Loss) Per Share (Basic)	0.01	0	0.04	0
Earnings/(Loss) Per Share (Diluted)	0.01	0	0.04	0

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	0.04	0
Earnings/(Loss) Per Share (Diluted)	0.04	0

Other Relevant Information
Please see attached Quarterly Report for the period ended September 30, 2025