SEC extends deadline for AFS submission

MANILA, Philippines — The Securities and Exchange Commission (SEC) is giving companies more time to submit their annual financial statements  and other annual reports that require AFS as an attachment.

The commission has moved the deadline for the submission of AFS by domestic and foreign corporations with fiscal year ending on Dec. 31, 2025, to June 15 from May 29.

The SEC said the deadline applies to all corporations, including branch offices, representative offices, regional headquarters and regional operating headquarters of foreign corporations whose fiscal years ended on Dec. 31, 2025.

For brokers and dealers, the deadline for submitting SEC Form 52-AR, with AFS as an attachment, has been moved to May 15 from April 30.

Issuers with securities listed on the Philippine Stock Exchange,  issuers with securities not listed on the PSE, public companies and other companies covered under the Securities Regulation Code, may submit their annual reports (SEC Form 17-A), with AFS as an attachment, until May 15.

“The SEC is giving corporations more time to submit their AFS with the SEC so that they may take advantage of the extension provided by the Bureau of Internal Revenue,” SEC chairperson Francis Lim said.

“Beyond the alignment, we want to provide corporations ample time to finalize their reports and ensure the accuracy and completeness of information provided in their financial statements,” he said.

The commission has revised the filing deadlines under SEC Memorandum Circular (MC) 9, Series of 2026, following the BIR’s extension of the submission of 2025 annual income tax returns and their required attachments to May 15.

Under MC 9, financial statements submitted to the SEC must first be stamped “received” or duly received by the BIR.