Phinma Corp. finished the period ending September with a net income of P376.04 million, lifted by its education unit.
In a disclosure Thursday, the group said net loss attributable to equity holders of the parent stood at P216.45 million. Although its other business units posted losses, Phinma Education realized an all-time high enrollment figures with 177,851 students for the first semester of school year 2025 to 2026.
This led to P5.27 billion in revenues. The subsidiary’s earnings reached P1.42 billion. ‘Our sustained success in education, reflected in rising enrollment numbers, demonstrates the power of collaboration with partners who share our values and long-term vision,’ Phinma chair and CEO Ramon del Rosario Jr. said.