Growth in its education business helped PHINMA Corp. offset losses in construction materials and property development, allowing the conglomerate to post net income attributable to its parent company of P306.19 million in the first nine months of 2026.
The diversified group reported consolidated net income of P1.16 billion and revenues of P15.18 billion during the period, navigating high inflation, elevated interest rates, and foreign exchange volatility.
PHINMA Education Holdings Inc. remained the group’s strongest earnings contributor, generating revenues of P6.07 billion and consolidated net income of P1.94 billion. First-semester enrollment for school year 2026-2027 exceeded 190,000 students across the Philippines and Indonesia, reinforcing its position as Southeast Asia’s largest private higher education network.
The education group also continued expanding, breaking ground in October for Southwestern University PHINMA’s new campus at the Saludad township in Bacolod City.
Construction materials businesses generated combined revenues of P7.66 billion but incurred a net loss of P105.35 million, as subdued construction activity and weather disruptions weighed on operations.
The segment is preparing to commission Philcement Corp.’s 2-million-metric-ton cement facility in Panabo, Davao del Norte, while Union Insulated Panel Corp. inaugurated a new manufacturing plant in Porac, Pampanga.
PHINMA Property Holdings Corp. posted revenues of P782.94 million but recorded a net loss of P525.44 million amid a broader property market slowdown. Its community housing arm continued land development in Davao and advanced a second project in Bacolod.
The hospitality portfolio provided another source of stability, posting combined revenues of P483.1 million and net income of P25.08 million on sustained domestic tourism and corporate demand.
Chairman and CEO Ramon R. del Rosario Jr. said the group’s priority was translating its investments into stronger operating performance and sustainable growth.
As of end-September, PHINMA had cash and cash equivalents of P3.76 billion, total assets of P63.85 billion, and stockholders’ equity of P19.21 billion.
