Education arm drives PHINMA’s P376M profit

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.

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.

In September, Philcement signed a share subscription deal with Japan’s Sumitomo Osaka Cement Co., Ltd. to boost manufacturing capacity and long-term growth.

PHINMA Properties posted P936.17 million in revenues and a P484.22-million net loss as Metro Manila’s real estate market remained sluggish.

The company is focusing on regional projects, including its Bacolod township Saludad, while housing unit PHINMA CoHo Corp. will break ground on its first Davao project this November.

The group’s hospitality arm—comprising Coral Way City Hotel Corp., PHINMA Hospitality, Inc., and PHINMA Microtel Hotels, Inc.—generated P374.51 million in revenues and a P21.06-million net loss.

The decline stemmed from the expansion of Microtel Mall of Asia and lower tourist arrivals, partly offset by steady leisure, corporate, and MICE bookings. The segment is expanding regionally with the upcoming TRYP by Wyndham Bacolod.

As of end-September, PHINMA reported P57.96 billion in total assets, P16.77 billion in total stockholders’ equity, and P4.40 billion in cash and cash equivalents.