PHINMA Corp. posted P363.35 million in consolidated net income in the first half of 2026, with its education business providing the biggest lift as construction, property, and other operations faced a softer economy.
Consolidated revenues reached P9.55 billion in the six months to June, while net income attributable to PHINMA shareholders stood at P20.11 million.
The company said economic headwinds, including Gulf tensions, foreign exchange volatility, higher borrowing costs, delayed government spending, and weaker construction activity, weighed on results.
Education bucked the trend.
PHINMA Education Holdings Inc. generated P3.12 billion in revenues and P819.75 million in net income, fueled by sustained enrollment growth during the second semester of School Year 2025-2026 and the summer term.
The group also continued cost-management efforts to keep education affordable for low-income students, while investing in programs designed to improve student completion and academic performance.
Those efforts translated into strong outcomes, with first-time board passing rates reaching 92 percent in the Philippines and 99 percent in Indonesia.
The construction materials businesses remained in the red, posting combined revenues of P5.28 billion and a net loss of P35.59 million. The segment includes Union Galvasteel Corp., Philcement Corp., Union Insulated Panel Corp., and PHINMA Solar Energy Corp.
Philcement continued expanding its Mindanao market through higher capacity at its Dipolog plant and Tibungco terminal, while Union Galvasteel improved results through sharper pricing and stronger product offerings.
PHINMA Properties remained a drag, reporting P698.02 million in revenues and a P378.64 million consolidated net loss as the Metro Manila residential market slowed. Its Saludad Township in Bacolod helped soften the blow.
Hospitality provided another bright spot, generating P300.30 million in revenues and P27.20 million in combined net income as domestic leisure travel and corporate demand held up.
“We remain committed to pursuing opportunities that build on the strengths of our businesses and extend our impact to more Filipino families and communities,” PHINMA Chairman and CEO Ramon R. del Rosario Jr. said.
The group ended June with P4.72 billion in cash and cash equivalents, P62.46 billion in assets, and P18.92 billion in stockholders’ equity.
With new production facilities in Panabo and Porac nearing launch, PHINMA is betting that operational improvements and education growth can carry more weight as the broader economy searches for firmer footing.
