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)

Jan 21, 2026

2. SEC Identification Number

A200207283

3. BIR Tax Identification No.

006-036-274

4. Exact name of issuer as specified in its charter

P-H-O-E-N-I-X PETROLEUM PHILIPPINES, INC.

5. Province, country or other jurisdiction of incorporation

Davao City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

STELLA HIZON REYES ROAD, BO. PAMPANGA, LANANG, DAVAO CITY Postal Code 8000

8. Issuer's telephone number, including area code

(082)235-8888

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	1,442,866,332
PREFERRED SHARES	14,500,000

11. Indicate the item numbers reported herein

--

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.

Phoenix Petroleum Philippines, Inc.PNX

PSE Disclosure Form 4-32 - Reply to Exchange's Query

Subject of the Disclosure
Update on Dividend Payments for Preferred Shares
Description of the Disclosure
We write in response to your correspondence which we received today, January 21, 2026, directing P-h-o-e-n-i-x Petroleum Philippines, Inc. (the Company) for an update on the redemption and payment of dividends of the Company’s Preferred Shares pursuant to several queries. Unfortunately, as of the moment the Company has no unappropriated retained earnings, hence, the Company is unable to declare and payout any cash dividends for any class of shares. The Company is still focused on managing its resources in order to increase working capital and in order to fulfill its obligations to different internal and external parties. The Company recognizes that the dividends of the Company’s Preferred Shares are cumulative in nature and any missed payments of dividends will be paid to the shareholders once there is an availability of unappropriated retained earnings and a subsequent declaration of dividends by the Company. The Company continues to remain committed to its obligations and the Company shall disclose any further progress on these matters as they develop. Should you have any questions, you may the Company’s Investors Relations Officer at [email protected].
Information Requested
Please find attached the Company’s reply to your correspondence.