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

Mar 31, 2020

2. SEC Identification Number

CS201013282

3. BIR Tax Identification No.

007-851-927-000

4. Exact name of issuer as specified in its charter

AXELUM RESOURCES CORP.

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

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

ICS BLDG. TIANO-MONTALVAN STS. CAGAYAN DE ORO CITY 9000 Postal Code 9000

8. Issuer's telephone number, including area code

02-8851-0715

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	3,998,857,000

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 - 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.

Axelum Resources Corp.AXLM

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	Mar 31, 2020
Currency (indicate units, if applicable)	PHP (In thousands)

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2020	Dec 31, 2019
Current Assets	5,293,323	5,076,923
Total Assets	10,864,997	10,559,102
Current Liabilities	1,591,311	1,707,380
Total Liabilities	2,260,768	1,976,091
Retained Earnings/(Deficit)	1,630,048	1,629,108
Stockholders' Equity	8,604,229	8,583,011
Stockholders' Equity - Parent	8,604,229	8,387,073
Book Value per Share	2.15	2.15

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	1,203,129	1,283,530	1,203,129	1,283,530
Gross Expense	1,098,325	1,017,920	1,098,325	1,017,920
Non-Operating Income	56,847	16,081	56,847	16,081
Non-Operating Expense	35,198	19,098	35,198	19,098
Income/(Loss) Before Tax	126,453	262,593	126,453	262,593
Income Tax Expense	5,513	36,148	5,513	36,148
Net Income/(Loss) After Tax	120,940	226,445	120,940	226,445
Net Income Attributable to Parent Equity Holder	120,940	226,445	120,940	226,445
Earnings/(Loss) Per Share (Basic)	0.03	0.07	0.03	0.07
Earnings/(Loss) Per Share (Diluted)	0.03	0.07	0.03	0.07

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	0.17	0.12
Earnings/(Loss) Per Share (Diluted)	0.17	0.12

Other Relevant Information
See attached SEC Form 17-Q and unaudited condensed consolidated interim financial statements for the First Quarter ended March 31, 2020.