MANILA, Philippines — PHINMA Corp. reported a massive surge in profitability for the first quarter of 2026, with its net income attributable to equity holders more than doubling to ₱407.43 million. This represents a 113-percent increase from the ₱191.27 million earned in the same period last year, a feat the conglomerate largely credits to the stellar performance of its education arm.
In a disclosure on Tuesday, May 12, 2026, the company revealed that while overall consolidated revenues dipped to ₱5.45 billion (from ₱6.60 billion in 2025), the group successfully optimized its bottom line through aggressive cost management and sales execution.
The education segment continues to be the crown jewel of the PHINMA portfolio, providing a necessary buffer against headwinds in the construction and property sectors.
- Financial Performance: The unit posted consolidated revenues of ₱2.34 billion and a consolidated net income of ₱1.13 billion.
- Enrollment Surge: A 12-percent increase in student enrollment for the second semester of the 2025-2026 school year drove the growth.
- Strategic Expansion: During the quarter, PHINMA Education finalized the ₱690-million acquisition of Southeastern College in Pasay City. This marks its 12th institution in the Philippines and its 14th across Southeast Asia, strengthening its presence in the Metro Manila market.
While education flourished, other business units faced a more challenging macroeconomic environment.
| Segment | Revenue | Net Income/Loss | Status/Key Drivers |
|---|---|---|---|
| Construction Materials | ₱2.56 Billion | (₱23.78 Million) | Struggling with near-term market weakness; Philcement secured equity from Sumitomo Osaka Cement. |
| Property Holdings | ₱337.52 Million | (₱230.04 Million) | Impacted by the real estate slowdown in Metro Manila; shifting focus to regional townships like Saludad in Bacolod. |
| Hospitality | ₱144.06 Million | ₱12.8 Million | Improving occupancy and room rates led to a return to profitability. |
Beyond education, PHINMA Solar Energy Corp. also contributed higher earnings, reflecting the group’s successful pivot toward renewable energy solutions for industrial and commercial clients.
The group’s leadership emphasized that the “Strategic Business Units” (SBUs) are operating under a lean model to navigate the current market volatility.
“Our Strategic Business Units continue to focus on execution, stronger revenue generation, cost management, and the strategic use of capital. These initiatives will further bolster our financial position and support our long-term growth plans.” — Dr. Chito B. Salazar, PHINMA Corp. President and COO.
With ₱4.29 billion in cash and cash equivalents as of March 31, PHINMA is well-positioned to continue its expansion. The company is particularly focused on its “regional strategy,” betting on urban centers outside of Metro Manila—such as Bacolod and Davao—to drive growth in its property and construction material businesses throughout the remainder of 2026.
