Philippine Stock Exchange, Inc. · PSE:PSE
Philippine Stock Exchange — The Philippine Stock Exchange — Q1 2025 Earnings Presentation
22 slides from Philippine Stock Exchange's earnings presentation, May 16, 2025
Slide 1: Philippine Stock Exchange: 1Q 2025 Updates
Philippine Stock Exchange: 1Q 2025 Updates May 16, 2025 PSE STAR Briefing Ramon S. Monzon PSE President & CEO
Slide 2: Presentation Outline
Presentation Outline 01 | Key Highlights 02 | Financial Performance 03 | Summary
Slide 3: Key Highlights
Key Highlights Stock Market Highlights (as of May 14, 2025) 284 Php42.42 bn Php14.76 tn Listed companies Capital raised (+178.3% YOY) Domestic MCap (+1.3% YTD) 6,551.81pts Php6.48 bn Php18.13 bn PSEi (+0.4% YTD) Net foreign selling AVTO (+6.2% YTD) (Php15.15bn in May 14, 2024) • As of May 14, 2025,
Slide 4: 3M 2025 Financial Performance
02 | 3M 2025 Financial Performance
Slide 5: Consolidated Financial Performance
Consolidated Financial Performance 3M 2025 Revenue Mix YOY % in Php mn 2023 2024 3M24 3M25 Change Operating Revenues 1,401.26 1,398.09 353.34 645.49 +82.7% Trading 32.8% Total Expenses 750.22 861.67 174.99 339.14 +93.8% Listing 26.5% Operating Operating Income 651.04 536.42 178.35 306.35 +71.8% Reve
Slide 6: Listing-Related Revenues
Listing-Related Revenues Listing Initial Listing Listing maintenance Php80.83 million (up by 56.8%) Php90.36 million (up 43.1%) 3M25 vs 3M24 Capital Raised in PSE and PDEx (in Php bn) PSE Domestic MCap and PDEx Outstanding Amount of Bonds (in Php tn) Initial listing revenue increased due to the 20.0
Slide 7: Capital Raising Activities: Equity Market
Capital Raising Activities: Equity Market Listing 2025 Total Capital Raised : Php42.42 billion Forthcoming listings (as of May 14, 2025) ~Php122.81 billion IPO FOO IPO SRO Topline Business Megawide Construction Development Corp. Corporation ~Php732 million ~Php5.27 billion Maynilad Water Services, I
Slide 8: Capital Raising Activities: Fixed Income Market
Capital Raising Activities: Fixed Income Market Listing Face Amount of New Bonds Listed: Php73.20 billion (as of May 15, 2025) Bank Bonds Sustainability-Linked Bonds Php1.60 billion Php25 billion Series AA CP Due 08.11.25 Series Y Bonds Due 2028 Series AB CP Due 02.09.26 Series Z Bonds Due 2031 Seri
Slide 9: Road to IPO: Programs to Drive New Listings
Programs to Drive New Listings Listing The PSE has a total of 80 companies currently enrolled under its LEAP program to date. Six (6) out of the 80 companies are deemed ready to conduct their IPOs within the next year, while four (4) companies have already listed. Top Line Business Development Corp.
Slide 10: Invest PH: Boosting Exposure of Listed Firms
Boosting Exposure of Listed Firms Invest PH PSE held its inaugural investor conference with the aim of connecting publicly listed companies with local and international institutional investors and promote market liquidity. INVEST PH highlighted Philippines as a prime investment destination through i
Slide 11: Trading-Related Revenues
Trading-Related Revenues Trading Trade Transaction SCCP Clearing and Settlement Php142.89 million (up 288.6%) Php69.00 million (up 5.1%) 3M25 vs 3M24 Transaction revenues collected by PDEX PSE and PDEx Total Traded Value amounting to Php104.25 million were (in Php bn) consolidated into PSE’s revenue
Slide 12: Reduction of Friction Costs (CMEPA)
Reduction of Friction Costs Trading Capital Markets Efficiency Promotion Act (CMEPA) CMEPA or House Bill 9277, SB No. 2865 proposes to: 1) reduce the stock transaction tax from 0.6% to 0.1%; 2) lower DST on original issuance from 1% to 0.75% As of April 29, the enrolled copy of the bill was transmit
Slide 13: Improving Liquidity
Improving Liquidity Trading Expanding the investor base through the digital space Total Stock Market Accounts ~2,800,000 2,860,234 5-year CAGR 18.4% 1,906,019 1,712,734 1,620,017 1,396,753 PSE saw a significant increase in total stock market accounts, largely driven by the rise of online accounts. T
Slide 14: Product and Policy Developments in the Pipeline
Product and Policy Developments in the Pipeline Trading Global Philippine Depositary Receipts Derivatives • The Exchange is awaiting SEC approval as it submitted its draft • PSE is set to launch index futures based on the PSEi and is rules on January 30, 2025, on GPDRs. currently engaging with other
Slide 15: Depository Revenues
Depository Revenues Depository 3M25 vs 3M24 Depository Securities Account Php139.28 million Depository securities account revenues are generated by PDTC, for the use of the depository infrastructure to maintain and process depository securities accounts. Market Value of Assets Held in the Depository
Slide 16: Total Expenses
Total Expenses 3M 2025 Expense Mix YoY % in Php mn 2023 2024 3M24 3M25 Change Depreciation Compensation 254.49 263.43 54.60 94.88 +73.8% 19.1% Depreciation 154.10 198.97 39.86 64.85 +62.7% Repairs and maintenance 22.2% Repairs and Maintenance 144.68 155.01 37.67 75.27 +99.8% Total Expenses Compensat
Slide 17: Balance Sheet
Balance Sheet 3M 2025 Asset Composition YOY % in Php mn 2023 2024 3M24 3M25 Change Investments Current Assets 4,072.20 4,523.99 4,373.29 5,529.06 +26.4% 33.5% Property and Total Assets 7,143.28 8,537.56 7,412.27 9,335.42 +25.9% equipment 12.4% Current Liabilities 650.64 783.05 1,679.33 1,772.87 +5.6
Slide 18: Financial Ratios and Dividend History
Financial Ratios and Dividend History 2023 2024 3M24 3M25 Return on Assets (in %) 10.7 14.1 11.0* 12.7* Return on Equity (in %) 13.9 18.3 16.4* 20.2* Earnings per Share (in Php) 9.47 14.75 2.97 2.70 Price per Share (in Php) 170.00 164.00 192.9 181.10 Price to Earnings Ratio 17.9x 11.1x 19.4x* 12.5x*
Slide 19: Peer Analysis
Peer Analysis Return on Assets 12.7% 3.9% 16.8% 7.2% Return on Equity 20.2% 27.9% 35.1% 40.0% Dividend Yield 5.4% 2.7% 2.5% 5.7% Price to Earnings Ratio 12.52x 30.69x 22.88x 20.77x Operating Income Margin 47.5% 89.1% 59.3% 47.7% PSE posted the lowest PE ratio compared to select listed Exchanges in A
Slide 20: Advancing the Philippine Capital Markets
Advancing the Philippine Capital Markets The acquisition of PDS group transformed the Company’s financials, particularly its revenue mix, by bringing in new revenue streams and increasing its trading-related revenues. As of May 15, 2025, PSE beneficially owns 91.6% of PDS. The Exchange intends to ac
Slide 21: Why Invest in PSE?
Why Invest in PSE? 1. The only equities and fixed income exchange in the country 2. High Dividend Yield – Consistently delivers dividends to shareholders, with an average yield of 5.6% for the past three years. 3. Growth Potential – Synergies from acquisition of PDSHC, new equity and fixed income pr
Slide 22: Thank You
THANK YOU DOWNLOAD FOLLOW US ON CONTACT US ON VISIT On the App Store and Google Play Philippine Stock Exchange Tower For Corporate Information 5th Avenue corner 28th Street www.pse.com.ph Bonifacio Global City Taguig City 1634 Philippines For Disclosures The Philippine Stock Exchange, Inc. edge.pse.
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