Despite achieving a consolidated net income of P326.65 million, PHINMA Corp. concluded 2025 with an attributable net loss of P308.83 million. This seemingly paradoxical outcome stemmed from a year marked by substantial investment in future growth, dramatically increasing capital expenditures.
The company’s capital spending surged to P5 billion, a significant leap from the P3.14 billion invested the previous year. This aggressive expansion fueled both optimism and immediate financial pressure, impacting the overall bottom line despite robust revenue generation.
Throughout the year, PHINMA reported consolidated revenues reaching P22.84 billion, accompanied by an EBITDA of P3.48 billion. However, the final quarter presented a challenge, resulting in a consolidated net loss of P49.39 million on revenues of P6.54 billion.
Performance across PHINMA’s diverse business units painted a picture of contrasting fortunes. While some segments thrived, others navigated significant headwinds, revealing a complex landscape of opportunity and challenge.
PHINMA Education emerged as the clear engine of growth, generating P7.19 billion in revenues and a consolidated net income of P1.61 billion. A record enrollment of 177,851 students across the Philippines and Indonesia for the 2025-2026 school year underscored this success.
The Construction Materials Group, however, faced considerable difficulties, posting a net loss of P265.38 million on revenues of P13.33 billion. Macroeconomic pressures and lingering market uncertainty, following issues related to flood control projects, weighed heavily on performance, though the company maintained it had no direct involvement in those projects.
PHINMA Properties also experienced setbacks, recording a net loss of P646.56 million amidst a slowdown in the Metro Manila real estate market. The hospitality segment similarly reported a net loss of P17.94 million, impacted by expansion costs and a dip in tourist arrivals.
Management characterized 2025 as a strategic period of capacity building, laying the groundwork for sustained future expansion. A key component of this strategy involved strengthening the company’s liquidity by refinancing debt and converting short-term obligations into longer-term arrangements.
Chairman and Chief Executive Officer Ramon R. del Rosario, Jr. emphasized the long-term vision, stating that the group continued to invest in initiatives designed to bolster its growth platform. These investments spanned across all business units, from expanding PHINMA Education to developing regional properties and forging strategic partnerships.
In response to market volatility, Philcement strategically welcomed Sumitomo Osaka Cement as a 15% minority shareholder. Simultaneously, the property division pivoted its focus towards regional township developments, like Saludad in Bacolod, and affordable community housing projects in Davao.
As of December 31, 2025, PHINMA Corp. held total assets of P59.39 billion and a healthy cash equivalent balance of P3.19 billion. This financial position provides a solid foundation for navigating future challenges and capitalizing on emerging opportunities.
Despite the reported loss, investor confidence remained steady, with PHINMA shares experiencing a 1.4% increase to close at P14.50 apiece on Wednesday. This suggests a belief in the company’s long-term strategy and potential for future profitability.
