The Philippine Stock Exchange (PSE) Q4 2025 earnings summary

Executive summary

• FY2025 consolidated operating revenue rose 103.32% to P2,842.60 million, largely reflecting the first-year consolidation of PDSHC operating results; net income increased 1.39% to P1,223.99 million.

• 2024 included a P462.86 million one-time gain on remeasurement of a previously held PDSHC stake, tempering the comparison of other income and earnings.

Financial highlights

• Operating revenue reached P2,842.60 million, up P1,444.51 million YoY; total expenses rose 62.63% to P1,401.31 million.

• Net income after tax was P1,223.99 million, up 1.39% YoY; net income attributable to parent equity holders was P1,155.79 million.

• Basic and diluted EPS were P14.11 each, versus P14.75 in 2024.

• Audited summary balance sheet reported assets of P8,750.90 million, liabilities of P3,234.16 million and stockholders’ equity of P5,516.74 million at Dec. 31, 2025.

Outlook and guidance

• The 2024–2026 strategic plan enters its final year, prioritizing market liquidity, regional competitiveness and digital infrastructure; 2026 plans include further PDSHC share acquisitions and phased integration.

• Trading-platform upgrade with Nasdaq to Eqlipse Trading is underway; GPDR issuer readiness is targeted for H2 2026, and derivatives rules, with index futures as the first product, are slated for finalization in H2 2026.

• Eight LEAP participants were seriously considering listings within two years as of Mar. 12, 2026; five were assessed as IPO-ready within 12 months.

• PSE Academy’s self-paced investing course and stock-trading game are expected to launch in 2026.