The Philippine Stock Exchange (PSE) Q3 2024 earnings summary

Executive summary

• 9M 2024 net income after tax rose 11.22% to P640.25M as higher other income more than offset lower operating revenue and higher expenses.

• Q3 net income increased to P242.23M from P158.14M YoY, despite revenue falling to P320.60M from P360.47M.

Financial highlights

• 9M operating revenue declined 5.20% to P1,043.35M; cost and expenses rose 11.40% to P618.47M.

• Operating income was P424.88M vs P545.38M; income before tax reached P751.05M vs P716.35M.

• Other income, net, rose 90.78% to P326.17M, including a P130.51M FVTPL mark-to-market gain vs a P17.64M loss in 2023.

• Q3 income before tax was P282.46M vs P221.80M; net income attributable to parent holders was P242.23M vs P157.92M.

Segment performance

• One reportable segment: the domestic equity securities market, including trading, clearing, depository and information services.

• Listing-related fees fell 6.72% to P409.0M; trading-related fees rose 10.96% to P339.2M, driven by market data and subscriptions.

• Service fees declined 5.61% to P204.67M; other operating revenue fell 35.17% to P90.47M, mainly on lower fines and penalties.