The Philippine Stock Exchange (PSE) Q2 2025 earnings summary

Executive summary

• H1 2025 consolidated revenue rose 81.72% YoY to P1.313 billion and net income after tax grew 27.64% to P508.03 million; PDSHC consolidation materially boosted results.

• Q2 revenue was P667.87 million vs. P369.40 million YoY; net income after tax reached P253.36 million vs. P155.64 million, with EPS of P2.97 vs. P1.90.

Financial highlights

• H1 operating income increased to P606.58 million from P306.61 million; income before tax rose to P688.49 million from P468.59 million.

• Total expenses rose 69.84% YoY to P706.77 million, led by cost of services at P419.33 million; net other income declined 49.44% to P81.91 million.

• H1 net income attributable to parent equity holders was P465.25 million vs. P398.53 million; basic and diluted EPS were P5.68 vs. P4.87.

• Operating cash flow was P964.43 million vs. P422.07 million; cash and cash equivalents ended June at P1.599 billion vs. P803.95 million a year earlier.

Segment performance

• Depository and fixed income business generated P555.58 million revenue and P314.24 million pre-tax income; equity, clearing and settlement generated P757.78 million revenue and P374.25 million pre-tax income.

• PDSHC consolidation contributed P557.45 million, or 42.44% of H1 operating revenue; depository account fees contributed P282.38 million.

• Trading-related fees rose P233.88 million, or 101.40%, including P206.31 million in transaction fees consolidated from PDEX and PDTC.

• Regular and block trading value was P809.27 billion vs. P754.07 billion YoY; average daily value was P6.80 billion vs. P6.23 billion.