Phinma sustains growth momentum

MANILA, Philippines— Phinma Corp., the diversified conglomerate of the Del Rosario Group, sustained its growth momentum in the first nine months, swinging to an attributable net income of P306.19 million from last year’s attributable net loss of P216.45 million, driven primarily by its strong education business.

Phinma’s net income for the nine-month period more than tripled to P1.16 billion from P376.04 million in 2025 despite revenues slipping by 6.9 percent year-on-year to P15.18 billion.

Phinma said the group continued to navigate a challenging operating environment marked by high inflation, elevated interest rates and foreign exchange volatility.

Despite these conditions, the company said its performance reflected sustained growth in Phinma Education, ongoing market development initiatives in the construction materials segment, progress in regional projects under properties and community housing, and steady demand across the hospitality portfolio.

Phinma Education reported a net income of P1.94 billion and revenues of P6.07 billion during the period.

Enrollment for the first semester of school year 2026 to 2027 reached more than 190,000 learners across the Philippines and Indonesia, reinforcing its position as Southeast Asia’s largest private higher education network.

Meanwhile, healthy domestic tourism activity and consistent corporate demand across its hotels supported the performance of Phinma’s hospitality arm, which posted combined revenues of P483.10 million and net income of P25.08 million.

The Phinma construction materials segment, however, incurred a combined net loss of P105.35 million during the nine-month period, while Phinma Property recorded a net loss of P525.44 million.

“Over the past few years, Phinma has made significant investments to strengthen our businesses and expand our ability to serve more Filipinos,” Phinma chairman and CEO Ramon del Rosario Jr. said.

“As these investments come to fruition, our focus is increasingly on execution — ensuring that the capacity we have built translates into stronger performance and greater impact,” he said.

Del Rosario said that with the development of Southwestern University PHINMA’s Bacolod campus, Union Insulated Panel Corp.’s new manufacturing facility in Porac and Philcement’s upcoming Panabo facility, the company is taking important steps toward realizing the full potential of its investments and delivering sustainable growth for the group.