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- Wednesday, November 19, 2025
The Philippine Stock Exchange, Inc. (PSE) announced that its net income for the first nine months of 2025 rose 15.4 percent to Php738.81 million from Php640.25 million in the same period in 2024.
Operating revenues almost doubled to Php2.01 billion from Php1.04 billion on a 103.4 percent surge in trading-related fees, boosted by transaction fees from the Philippine Depository & Trust Corp. (PDTC) and the Philippine Dealing & Exchange Corp. (PDEx).
Despite robust revenues, the company's profit was tempered by higher costs and a drop in other income. Expenses went up by 71.9 percent to Php1.06 billion mostly on costs incurred by the Philippine Dealing System Holdings Corp. (PDSHC). Meantime, other income slipped by 75.0 percent to Php81.52 million mainly due to the decline in the fair value of the company's financial assets and higher interest expenses.
PSE has consolidated PDSHC in its financial statements after the latter became its majority-owned subsidiary in December 2024. PDTC and PDEx are subsidiaries of PDSHC.
"While PDS has become one of our main revenue sources, we expect to realize cost efficiencies when we have fully integrated PDS into PSE, and look to expand the existing services provided by PDEX and PDTC. Among other initiatives lined up, we hope to increase activity in the use of bond forwards for PDEX and to also broaden the percentage of securities lodged in the depository for PDTC," said PSE President and CEO Ramon S. Monzon.