PHINMA's 9-month profit reaches nearly P1.2B on education gains

Insider Spotlight

• PHINMA recorded consolidated net income of P1.16 billion and revenues of P15.18 billion.
• PHINMA Education generated P1.94 billion in net income, supported by enrollment exceeding 190,000.
• Construction materials and property operations posted losses amid subdued market conditions.

PHINMA Corp. reported consolidated net income of P1.16 billion in the first nine months of 2026, supported by its education business even as weak construction activity and a property sector slowdown weighed on other operations.

The diversified conglomerate generated P15.18 billion in consolidated revenues from January to September, while net income attributable to parent shareholders reached P306.19 million.

"Over the past few years, PHINMA has made significant investments to strengthen our businesses and expand our ability to serve more Filipinos. As these investments come to fruition, our focus is increasingly on execution—ensuring that the capacity we have built translates into stronger performance and greater impact,” PHINMA Corp. chair and CEO Ramon R. del Rosario Jr. said in a statement on Monday. 

Ramon R. del Rosario Jr.

PHINMA chair, CEO 

190K students across PH and Indonesia

PHINMA Education remained the group's strongest earnings contributor, recording P1.94 billion in net income on revenues of P6.07 billion.

Enrollment exceeded 190,000 students across the Philippines and Indonesia for the first semester of school year 2026–2027. Operational efficiencies and cost management also helped mitigate inflationary pressures.

Meanwhile, PHINMA's construction materials segment generated P7.66 billion in revenues but incurred a combined net loss of P105.35 million amid subdued construction activity and weather-related disruptions.

Property market slowdown

PHINMA Properties recorded revenues of P782.94 million and a net loss of P525.44 million as the company continued adjusting to the property market slowdown.

The business remains focused on developing Saludad, its township project in Bacolod City, while pursuing operational improvements.

PHINMA's hospitality operations delivered P483.10 million in revenues and P25.08 million in net income, supported by domestic tourism and corporate demand.

Cement, manufacturing facilities

PHINMA is prioritizing the completion and operationalization of major investments, including Philcement's two-million-metric-ton cement facility in Panabo, Davao del Norte, and Union Insulated Panel Corporation's manufacturing facility in Porac, Pampanga.

The group is also expanding its education footprint through Southwestern University PHINMA's new Bacolod campus.

As of Sept. 30, PHINMA held P3.76 billion in cash and cash equivalents, with total assets of P63.85 billion and stockholders' equity of P19.21 billion. --Vanessa Hidalgo | Ed: Miguel R. Camus