The state pension fund’s net income climbed to P112 billion as of September, surpassing its nine-month target by P35 billion and improving from P100 billion the previous month
“The numbers reflect the current state of our financial health. Our P112 billion net income is a clear indicator of our consistent growth and stability,” said GSIS president and general manager Jose Arnulfo "Wick" Veloso.
"Our financial health is robust. Our focus is on building a resilient institution that delivers for its members, and these results confirm we are on the right track,” he added.
Total assets expanded to P1.93 trillion, up 5.7 percent from end-2024, while revenues reached P260 billion, well above forecast.
Expenses were kept in check at P148 billion, reflecting tighter cost control and operational discipline.
Administrative costs were maintained at 2.5 percent, far below the 12 percent ceiling under its charter.
—Edited by Miguel R. Camus
