Phinma returns to attributable profit as education business leads gains
The Philippine conglomerate reported higher nine-month net income despite a 6.9 per cent revenue decline, while its property and construction materials businesses posted losses.
Phinma Corp. reported an attributable net profit of ₱306.19 million for the first nine months of 2026, reversing a ₱216.45 million attributable loss a year earlier. The Philippine conglomerate said its education operations were the main driver of the turnaround.
Group net income rose to ₱1.16 billion from ₱376.04 million in 2025. Revenue, however, fell 6.9 per cent year on year to ₱15.18 billion. Phinma said high inflation, elevated interest rates and currency volatility continued to create operating challenges.
Phinma Education generated ₱1.94 billion in net income on revenue of ₱6.07 billion. Its enrolment across the Philippines and Indonesia exceeded 190,000 for the opening semester of the 2026–2027 school year.
The hospitality business recorded combined revenue of ₱483.10 million and net income of ₱25.08 million. The company attributed its performance to domestic tourism activity and consistent demand from corporate customers at its hotels.
Losses persisted elsewhere in the group. Construction materials operations posted a combined net loss of ₱105.35 million, while Phinma Property reported a ₱525.44 million net loss.
Chairman and CEO Ramon del Rosario Jr. said Phinma was concentrating on execution following investments to expand its businesses. He cited development of Southwestern University PHINMA’s Bacolod campus, Union Insulated Panel Corp.’s new Porac manufacturing facility and Philcement’s upcoming facility in Panabo.
