Strong results from PHINMA Education powered PHINMA Corp. to a P376.04-million consolidated net income in the first nine months, cushioning the impact of weaker performances in construction, property and hospitality.

In a disclosure on Thursday, the listed conglomerate said consolidated revenues reached P16.31 billion, while the net loss attributable to equity holders of the parent amounted to P216.45 million.

PHINMA Education continued to anchor the group’s growth, with revenues rising to P5.27 billion and net income hitting P1.42 billion, backed by record enrollment of 177,851 students for the first semester of School Year 2025–2026.

The company attributed the strong performance to improved student completion rates and effective cost management.

Funds managed by Kaizenvest

In August, PHINMA Education Holdings Inc. received P825 million from Rise Edu Pte. Ltd., an investment vehicle of funds managed by Kaizenvest.

The amount forms part of the P4.5-billion investment agreement signed with KKR in May 2024.

“The Group will continue to leverage our strong track record of attracting institutional partners who enhance our capacity to serve the needs of Filipinos more effectively,” PHINMA chairman and CEO Ramon R. del Rosario Jr. said.

“Our sustained success in Education, reflected in rising enrollment numbers, demonstrates the power of collaboration with partners who share our values and long-term vision,” he added.

The PHINMA Construction Materials Group — composed of Union Galvasteel Corp., Philcement Corp., Philcement Mindanao, Union Insulated Panel Corp. and PHINMA Solar Energy Corp., — recorded P9.47 billion in revenues but incurred a P122.09-million net loss amid weak construction demand and higher input costs.

The group advanced expansion plans and adopted tighter cost and pricing measures to strengthen operations.