First Pacific Co Ord (FPAFF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone. Thank you for joining this online briefing to discuss First Pacific, first 2025, first six months financial and operating results. The results presentation is available on First Pacific's website, www.firstpacific.com, under the investor relations session presentation page. This results briefing is being recorded, and the webpage will be available on First Pacific website this evening in the investor relations session. For participants from the media, please note the Q&A session is open for investors and analysts only. If you would like to ask questions, please contact us after the briefing. Today we have with us our Executive Director, Mr. Chris Yang, our Chief Financial Officer, Mr. Joseph Ng, Associate Directors, Mr. John Ryan and Mr. Stanley Yang, and other senior executives from First Pacific Head Office. Over to you, Jean, for the presentation piece. Okay, thank you, everyone. This format is all very familiar to you. Once we flick the page to page two, let me remind you that all of these numbers with an underline are clickable links. So if you're looking at the presentation on screen and you want to look at the Maya Digital Banking Unit of PLDT, which is a great story, you just click on that 23 down there. When we turn to the next page, that familiar picture of some of the more important investments that we have hasn't changed since the last time we had such a meeting together. What has changed, I suppose, is on page four. As of the end of June, our gross asset value was about $5.6 billion. And as you can see, Three of our four core holdings are billion-dollar companies, Indifood over two, MPIC and PLDT over a billion dollars. The way we count our valuation, let me remind you, is the listed assets like PLDT, Indifood, and PhilX. We mark to m...