PHINMA education earnings offset property and construction losses in 9-month period

PHINMA Corp. posted attributable net income of P306.19 million for the first nine months of 2026, driven by its education business. The construction materials and property segments recorded losses amid subdued construction activity and weather disruptions.

PHINMA Corp. recorded an attributable net income of P306.19 million in the first nine months of 2026, supported by its education business despite losses in its construction materials and property segments. The listed conglomerate reported consolidated net income of P1.16 billion and revenues of P15.18 billion for the January-to-September period, amid inflationary pressures, elevated interest rates, and peso depreciation.

PHINMA Education Holdings Inc. recorded consolidated net income of P1.94 billion and revenues of P6.07 billion for the nine-month period. Enrollment for the first semester of school year 2026-2027 reached about 190,000 students across its schools in the Philippines and Indonesia.

Meanwhile, PHINMA’s construction materials segment incurred a combined net loss of P105.35 million despite generating P7.66 billion in revenues. The segment comprises Union Galvasteel Corp., Philcement Corp., Union Insulated Panel Corp., and PHINMA Solar Energy Corp. The company attributed the segment’s performance to subdued construction activity and weather-related disruptions.

PHINMA Property Holdings Corp. reported a net loss of P525.44 million on revenues of P782.94 million. The company’s hospitality businesses posted combined net income of P25.08 million and revenues of P483.10 million, supported by healthy domestic tourism and consistent corporate demand.

“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 Chairman and Chief Executive Officer Ramon R. del Rosario, Jr. said in a statement on Monday. The company did not provide comparative figures for the same period last year in its announcement.