New Risk • May 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 457% Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (₱1.56b market cap, or US$25.3m). Recent Insider Transactions • May 06
Director recently bought ₱1.1m worth of stock On the 30th of April, Juan Arturo Iluminado de Castro bought around 2m shares on-market at roughly ₱0.55 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₱1.1m more in shares than they bought in the last 12 months. Recent Insider Transactions • Apr 18
Director recently sold ₱2.5m worth of stock On the 15th of April, Juan Arturo Iluminado de Castro sold around 4m shares on-market at roughly ₱0.62 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₱2.1m more than they bought in the last 12 months. Announcement • Apr 16
Vitarich Corporation, Annual General Meeting, Jun 26, 2026 Vitarich Corporation, Annual General Meeting, Jun 26, 2026, at 14:00 W. Australia Standard Time. Location: the pace, ilang-ilang, sta. rosa 2, marilao, bulacan, marilao Philippines Upcoming Dividend • Apr 07
Inaugural dividend of ₱0.049 per share Eligible shareholders must have bought the stock before 14 April 2026. Payment date: 30 April 2026. This is the first dividend for Vitarich since going public. The average dividend yield among industry peers is 5.2%. Announcement • Mar 28
Vitarich Corporation announces Annual dividend, payable on April 30, 2026 Vitarich Corporation announced Annual dividend of PHP 0.0491 per share payable on April 30, 2026, ex-date on April 14, 2026 and record date on April 15, 2026. Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: ₱0.095 (vs ₱0.07 in FY 2024) Full year 2025 results: EPS: ₱0.095 (up from ₱0.07 in FY 2024). Revenue: ₱12.3b (flat on FY 2024). Net income: ₱290.4m (up 34% from FY 2024). Profit margin: 2.4% (up from 1.7% in FY 2024). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2025 earnings released: ₱0.037 loss per share (vs ₱0.03 profit in 3Q 2024) Third quarter 2025 results: ₱0.037 loss per share (down from ₱0.03 profit in 3Q 2024). Revenue: ₱3.18b (up 4.5% from 3Q 2024). Net loss: ₱114.4m (down 224% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (₱1.74b market cap, or US$29.5m). Reported Earnings • Aug 15
Second quarter 2025 earnings released: ₱0.002 loss per share (vs ₱0.054 profit in 2Q 2024) Second quarter 2025 results: ₱0.002 loss per share (down from ₱0.054 profit in 2Q 2024). Revenue: ₱3.02b (down 3.4% from 2Q 2024). Net loss: ₱6.62m (down 104% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Vitarich Corporation Announces Establishment of Committees Vitarich Corporation announced that at the organizational board meeting the following committees were thereafter established: BOARD COMMITTEES: The following committees were, thereafter, established: Audit, Risk Oversight, and Related Party Transactions Committee: Chairman: Mr. Bienvenido S. Bautista; Members: Mr. Pierre Carlo C. Curay; Mr. Jose Vicente C. Bengzon, III; Mr. Vicente Julian A. Sarza; Atty. Juan Arturo Iluminado C. De Castro. Nominations, Remunerations and Corporate Governance Committee: Chairman: Mr. Pierre Carlo C. Curay; Members: Mr. Bienvenido S. Bautista; Ms. Stephanie Nicole S. Garcia; Mr. Benjamin I. Sarmiento, Jr. Organization and Business Development Committee: Chairman: Mr. Vicente Julian A. Sarza Members: Mr. Bienvenido S. Bautista; Mr. Ricardo Manuel M. Sarmiento; Mr. Jose Vicente C. Bengzon, III; Atty. Juan Arturo Iluminado C. De Castro. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ₱0.079 (vs ₱0 in 1Q 2024) First quarter 2025 results: EPS: ₱0.079 (up from ₱0 in 1Q 2024). Revenue: ₱3.04b (up 4.8% from 1Q 2024). Net income: ₱241.6m (up ₱241.0m from 1Q 2024). Profit margin: 7.9% (up from 0% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 09
Director recently bought ₱348k worth of stock On the 7th of May, Juan Arturo Iluminado de Castro bought around 590k shares on-market at roughly ₱0.59 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₱583k more in shares than they bought in the last 12 months. Announcement • Apr 24
Vitarich Corporation, Annual General Meeting, Jun 27, 2025 Vitarich Corporation, Annual General Meeting, Jun 27, 2025, at 14:00 W. Australia Standard Time. Location: the pace, ilang-ilang, sta. rosa 2, marilao bulacan, marilao Philippines Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: ₱0.071 (vs ₱0.004 in FY 2023) Full year 2024 results: EPS: ₱0.071 (up from ₱0.004 in FY 2023). Revenue: ₱12.4b (flat on FY 2023). Net income: ₱216.6m (up ₱203.3m from FY 2023). Profit margin: 1.7% (up from 0.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jan 08
Director recently bought ₱104k worth of stock On the 3rd of January, Juan Arturo Iluminado de Castro bought around 200k shares on-market at roughly ₱0.52 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱449k. Despite this recent purchase, insiders have collectively sold ₱931k more in shares than they bought in the last 12 months. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: ₱0.03 (vs ₱0.005 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.03 (up from ₱0.005 in 3Q 2023). Revenue: ₱3.04b (down 6.9% from 3Q 2023). Net income: ₱92.1m (up ₱77.9m from 3Q 2023). Profit margin: 3.0% (up from 0.4% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Nov 06
Director recently bought ₱449k worth of stock On the 4th of November, Juan Arturo Iluminado de Castro bought around 670k shares on-market at roughly ₱0.67 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₱937k more in shares than they bought in the last 12 months. Recent Insider Transactions • Oct 04
Director recently sold ₱1.5m worth of stock On the 25th of September, Juan Arturo Iluminado de Castro sold around 2m shares on-market at roughly ₱0.74 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₱1.4m more than they bought in the last 12 months. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: ₱0.054 (vs ₱0.014 loss in 2Q 2023) Second quarter 2024 results: EPS: ₱0.054 (up from ₱0.014 loss in 2Q 2023). Revenue: ₱3.13b (up 3.2% from 2Q 2023). Net income: ₱166.4m (up ₱208.5m from 2Q 2023). Profit margin: 5.3% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. New Risk • Aug 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Filipino stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 7.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₱1.95b market cap, or US$34.1m). Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ₱0 (vs ₱0.022 in 1Q 2023) First quarter 2024 results: EPS: ₱0 (down from ₱0.022 in 1Q 2023). Revenue: ₱2.91b (down 13% from 1Q 2023). Net income: ₱621.0k (down 99% from 1Q 2023). Profit margin: 0% (down from 2.0% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Announcement • Apr 20
Vitarich Corporation, Annual General Meeting, Jun 28, 2024 Vitarich Corporation, Annual General Meeting, Jun 28, 2024, at 14:00 Singapore Standard Time. Agenda: To consider Call to order; to consider Certification of notice and the existence of a quorum; to consider Approval of the minutes of the previous Annual Stockholders' Meeting; to consider Report of the President on the results of the 2023 operations and the 2023 Audited Financial Statements; to consider Ratification of the acts of Directors and Officers; to consider Election of Directors; to consider Confirmation of Appointment of External Auditor; to consider Appointment of Stock Transfer Agent; and to consider other business matters. New Risk • Jan 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Market cap is less than US$100m (₱1.65b market cap, or US$29.3m). Recent Insider Transactions • Dec 15
Director recently bought ₱98k worth of stock On the 6th of December, Juan Arturo Iluminado de Castro bought around 200k shares on-market at roughly ₱0.49 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱230k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ₱0.005 (vs ₱0.002 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.005 (up from ₱0.002 in 3Q 2022). Revenue: ₱3.27b (up 1.6% from 3Q 2022). Net income: ₱14.2m (up 139% from 3Q 2022). Profit margin: 0.4% (up from 0.2% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Sep 26
Director recently bought ₱54k worth of stock On the 18th of September, Juan Arturo Iluminado de Castro bought around 100k shares on-market at roughly ₱0.54 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱78k. Insiders have collectively bought ₱187k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 12
Director recently bought ₱78k worth of stock On the 8th of September, Juan Arturo Iluminado de Castro bought around 146k shares on-market at roughly ₱0.54 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱190k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 13
Second quarter 2023 earnings released: ₱0.01 loss per share (vs ₱0.04 profit in 2Q 2022) Second quarter 2023 results: ₱0.01 loss per share (down from ₱0.04 profit in 2Q 2022). Revenue: ₱3.03b (up 6.3% from 2Q 2022). Net loss: ₱42.1m (down 139% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Jul 04
Vitarich Corporation Approves the Appointment of Related Party Transactions Committee Members Vitarich Corporation at its AGM held on June 30, 2023 approved the appointment of Vicente Julian A. Sarza as chairman of the Related Party Transactions Committee, Pierre Carlo C. Curay, Jose Vicente C. III Bengzon, Benjamin I. Jr. Sarmiento and Juan Arturo Iluminado C. L.L.M. de Castro as members of Related Party Transactions Committee. Reported Earnings • May 13
First quarter 2023 earnings released: EPS: ₱0.022 (vs ₱0.013 in 1Q 2022) First quarter 2023 results: EPS: ₱0.022 (up from ₱0.013 in 1Q 2022). Revenue: ₱3.36b (up 29% from 1Q 2022). Net income: ₱67.9m (up 66% from 1Q 2022). Profit margin: 2.0% (up from 1.6% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: ₱0.042 (vs ₱0.029 in FY 2021) Full year 2022 results: EPS: ₱0.042 (up from ₱0.029 in FY 2021). Revenue: ₱12.0b (up 24% from FY 2021). Net income: ₱129.0m (up 44% from FY 2021). Profit margin: 1.1% (up from 0.9% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Dec 07
Vitarich Corporation Appoints Ma. Diana Mascardo Cuna as SVP Chief Human Resource Officer Vitarich Corporation advised the Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE) of the appointment of Ms. Ma. Diana Mascardo Cuna as SVP - Chief Human Resource Officer (SVP-CHRO) effective immediately. As SVP-CHRO, Ms. Cuna shall continuously develop a human capital plan that ensures total rewards and recognition, professional development, talent acquisition, employee wellness, engagement and retention are all aligned with the Corporation's strategic objectives and goals. Ms. Cuna is a management consultant in the areas of Human Resources and Corporate Risk Management, having been a practicing professional for over four decades. Prior to her appointment as SVP - CHRO, Ms. Cuna was the Corporation's Executive Advisor/Human Resources and Organization Directorate (HR OD) Consultant since 2015. She also provided HR Consultancy in the fields of organization development, culture & change management, learning & development, leadership development, corporate risk management, total rewards development, performance management and competency development for Maynilad Water Services Inc. (2012-2014), Subic Water Services Inc. (2013-2014), Bureau of Customs (2010-2016; 2008-2009; 2013). She was also the Vice-President and HR/Communications Director for San Miguel Corporation (1994-1999), HR expert for United States-USAID programs (1996/2005) and for European Union (EU) Commission-Trade Related Technical Assistance programs (2007-2013). She earned both her Master in Education - Counseling and Bachelor of Science - Biology/FLCD from the University of the Philippines. She also earned units in Doctor of Philosophy in Educational Psychology from the University of the Philippines. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Vicente Julian Sarza was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: ₱0.002 (vs ₱0.032 loss in 3Q 2021) Third quarter 2022 results: EPS: ₱0.002 (up from ₱0.032 loss in 3Q 2021). Revenue: ₱3.21b (up 22% from 3Q 2021). Net income: ₱5.94m (up ₱102.4m from 3Q 2021). Profit margin: 0.2% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Oct 29
Vitarich Corporation Announces Appointment of Stephanie Nicole S. Garcia as EVP & Chief Sustainability Officer (Cso)/Corporate Management Services Director and Treasurer Effective November 1, 2022 Vitarich Corporation announced the appointment of Ms. Stephanie Nicole S. Garcia as EVP & Chief Sustainability Officer (CSO)/Corporate Management Services Director and Treasurer effective November 1, 2022. Ms. Garcia joined Vitarich Corporation ("Vitarich") in October 2003. Prior to her appointment as CSO, Ms. Garcia was the EVP, Corporate Management Services Director and Treasurer of Vitarich. She has also been a member of the CorporateGovernance Committee of the Board of Directors since 2013. As such, she is in charge of the funds, assets, securities, receipts and disbursements of the Corporation. She oversees efficient operations, allocates funds and negotiatescontracts and prices as well. In February 2020, Ms. Garcia was elected President of Philippine Association of Feed Millers Inc. (PAFMI). Prior to Vitarich, Ms. Garcia worked as a Store Manager at Le Pain Quotidien, an international chain of café-style restaurants, specializing in bakery items. Early on, she held a front desk position at the Ritz Carlton Hotel in San Francisco. She holds a degree in International Hospitality Management from Glion Institute of Higher Education (formerly known as Glion Hotels School), a private, university-level Swiss hotel management school in Switzerland. Recent Insider Transactions • Oct 05
Director recently bought ₱55k worth of stock On the 28th of September, Juan Arturo Iluminado de Castro bought around 100k shares on-market at roughly ₱0.55 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱62k. Insiders have collectively bought ₱3.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 29
Director recently bought ₱57k worth of stock On the 21st of September, Juan Arturo Iluminado de Castro bought around 100k shares on-market at roughly ₱0.57 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱62k. Insiders have collectively bought ₱3.9m more in shares than they have sold in the last 12 months. Announcement • Sep 14
Vitarich Corporation Receives Resignation of Glenmark R. Seducon as Chief Audit Executive Vitarich Corporation received the resignation of Mr. Glenmark R. Seducon as Chief Audit Executive, effective September 13, 2022. Recent Insider Transactions • Aug 31
Director recently bought ₱62k worth of stock On the 22nd of August, Juan Arturo Iluminado de Castro bought around 100k shares on-market at roughly ₱0.62 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱4.3m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: ₱0.04 (vs ₱0.03 in 2Q 2021) Second quarter 2022 results: EPS: ₱0.04 (up from ₱0.03 in 2Q 2021). Revenue: ₱2.85b (up 19% from 2Q 2021). Net income: ₱106.9m (up 18% from 2Q 2021). Profit margin: 3.7% (down from 3.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jul 23
Director recently bought ₱60k worth of stock On the 15th of July, Juan Arturo Iluminado de Castro bought around 100k shares on-market at roughly ₱0.60 per share. In the last 3 months, they made an even bigger purchase worth ₱71k. Insiders have collectively bought ₱4.8m more in shares than they have sold in the last 12 months. Announcement • Jul 12
Vitarich Corporation Appoints Mr. Dilbert D. Tan as Vice President and Finance Operations Director Effective July 11, 2022 Vitarich Corporation announced the appointment of Mr. Dilbert D. Tan as Vice President and Finance Operations Director effective July 11, 2022. As Finance Operations Director, Mr. Tan shall be responsible for the management of the Corporation's financial processes and risks to constantly improve productivity, cost-efficiency, and controls to help maximize shareholder value. Mr. Tan has almost 20 years of career experience mostly in the banking and financial services industry as well as technology software and services. He led operations and support services for corporate loans, trade finance, fund transfer, treasury operations, and asset management for JP Morgan Chase Manila Corporate Center (May 2019 to July 2022), East West Banking Corporation (August 2016 to December 2018), and Deutsche Knowledge Services (January 2006 to September 2008). Reported Earnings • May 14
First quarter 2022 earnings released: EPS: ₱0.013 (vs ₱0.061 in 1Q 2021) First quarter 2022 results: EPS: ₱0.013 (down from ₱0.061 in 1Q 2021). Revenue: ₱2.60b (up 30% from 1Q 2021). Net income: ₱40.8m (down 78% from 1Q 2021). Profit margin: 1.6% (down from 9.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 11
Director recently bought ₱71k worth of stock On the 6th of May, Juan Arturo Iluminado de Castro bought around 119k shares on-market at roughly ₱0.60 per share. In the last 3 months, they made an even bigger purchase worth ₱196k. Insiders have collectively bought ₱4.9m more in shares than they have sold in the last 12 months. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Vicente Julian Sarza was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 22
Vitarich Corporation, Annual General Meeting, Jun 24, 2022 Vitarich Corporation, Annual General Meeting, Jun 24, 2022, at 14:00 Singapore Standard Time. Agenda: To consider the report of the President on the Results of the 2021 Operations and the 2021 Audited Financial Statements; to consider the ratification of the Acts of Directors and Officers; to consider the Election of Directors; to consider the Appointment of External Auditor;to consider the Appointment of Stock Transfer Agent; and to consider other matters. Reported Earnings • Apr 19
Full year 2021 earnings released: EPS: ₱0.029 (vs ₱0.003 in FY 2020) Full year 2021 results: EPS: ₱0.029 (up from ₱0.003 in FY 2020). Revenue: ₱9.65b (up 26% from FY 2020). Net income: ₱89.4m (up ₱80.2m from FY 2020). Profit margin: 0.9% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 17
Director recently bought ₱120k worth of stock On the 14th of March, Juan Arturo Iluminado de Castro bought around 191k shares on-market at roughly ₱0.63 per share. In the last 3 months, they made an even bigger purchase worth ₱2.8m. Insiders have collectively bought ₱5.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 02
Director recently bought ₱196k worth of stock On the 23rd of February, Juan Arturo Iluminado de Castro bought around 300k shares on-market at roughly ₱0.65 per share. In the last 3 months, they made an even bigger purchase worth ₱2.8m. Insiders have collectively bought ₱3.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 17
Director recently bought ₱133k worth of stock On the 14th of February, Juan Arturo Iluminado de Castro bought around 200k shares on-market at roughly ₱0.67 per share. In the last 3 months, they made an even bigger purchase worth ₱2.8m. Insiders have collectively bought ₱4.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 05
Director recently bought ₱68k worth of stock On the 31st of January, Juan Arturo Iluminado de Castro bought around 100k shares on-market at roughly ₱0.68 per share. In the last 3 months, they made an even bigger purchase worth ₱2.8m. Insiders have collectively bought ₱3.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 05
Director recently bought ₱68k worth of stock On the 31st of January, Juan Arturo Iluminado de Castro bought around 100k shares on-market at roughly ₱0.68 per share. In the last 3 months, they made an even bigger purchase worth ₱2.8m. Insiders have collectively bought ₱3.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 30
Director recently bought ₱2.8m worth of stock On the 22nd of December, Juan Arturo Iluminado de Castro bought around 4m shares on-market at roughly ₱0.70 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱4.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 17
Director recently bought ₱53k worth of stock On the 9th of December, Juan Arturo Iluminado de Castro bought around 73k shares on-market at roughly ₱0.73 per share. In the last 3 months, they made an even bigger purchase worth ₱2.8m. Insiders have collectively bought ₱4.8m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 08
Director recently bought ₱2.8m worth of stock On the 1st of December, Juan Arturo Iluminado de Castro bought around 100k shares on-market at roughly ₱27.73 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱2.6m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 16
Third quarter 2021 earnings released: ₱0.032 loss per share (vs ₱0.003 loss in 3Q 2020) The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: ₱2.63b (up 42% from 3Q 2020). Net loss: ₱96.5m (loss widened ₱88.5m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Oct 13
Director recently bought ₱115k worth of stock On the 7th of October, Juan Arturo Iluminado de Castro bought around 150k shares on-market at roughly ₱0.77 per share. In the last 3 months, they made an even bigger purchase worth ₱356k. Despite this recent purchase, insiders have collectively sold ₱915k more in shares than they bought in the last 12 months. Recent Insider Transactions • Sep 25
Director recently bought ₱84k worth of stock On the 22nd of September, Juan Arturo Iluminado de Castro bought around 106k shares on-market at roughly ₱0.79 per share. In the last 3 months, they made an even bigger purchase worth ₱356k. Despite this recent purchase, insiders have collectively sold ₱902k more in shares than they bought in the last 12 months. Recent Insider Transactions • Sep 14
Director recently bought ₱356k worth of stock On the 7th of September, Juan Arturo Iluminado de Castro bought around 450k shares on-market at roughly ₱0.79 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₱1.2m more in shares than they bought in the last 12 months. Recent Insider Transactions • Aug 28
Director recently bought ₱245k worth of stock On the 23rd of August, Juan Arturo Iluminado de Castro bought around 300k shares on-market at roughly ₱0.82 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₱1.5m more in shares than they bought in the last 12 months. Recent Insider Transactions • Aug 13
Director recently bought ₱154k worth of stock On the 10th of August, Juan Arturo Iluminado de Castro bought around 200k shares on-market at roughly ₱0.77 per share. In the last 3 months, they made an even bigger purchase worth ₱154k. Despite this recent purchase, insiders have collectively sold ₱1.8m more in shares than they bought in the last 12 months. Recent Insider Transactions • Aug 03
Director recently bought ₱154k worth of stock On the 30th of July, Juan Arturo Iluminado de Castro bought around 200k shares on-market at roughly ₱0.77 per share. In the last 3 months, they made an even bigger purchase worth ₱490k. Despite this recent purchase, insiders have collectively sold ₱1.9m more in shares than they bought in the last 12 months. Recent Insider Transactions • Jul 03
Director recently bought ₱87k worth of stock On the 30th of June, Juan Arturo Iluminado de Castro bought around 100k shares on-market at roughly ₱0.87 per share. In the last 3 months, they made an even bigger purchase worth ₱490k. Despite this recent purchase, insiders have collectively sold ₱2.1m more in shares than they bought in the last 12 months. Recent Insider Transactions • Jun 02
Director recently bought ₱81k worth of stock On the 25th of May, Juan Arturo Iluminado de Castro bought around 100k shares on-market at roughly ₱0.81 per share. In the last 3 months, they made an even bigger purchase worth ₱490k. Despite this recent purchase, insiders have collectively sold ₱2.2m more in shares than they bought in the last 12 months. Reported Earnings • May 18
First quarter 2021 earnings released: EPS ₱0.061 (vs ₱0.03 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ₱2.00b (down 14% from 1Q 2020). Net income: ₱186.5m (up 100% from 1Q 2020). Profit margin: 9.3% (up from 4.0% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 12
Director recently bought ₱490k worth of stock On the 6th of May, Juan Arturo Iluminado de Castro bought around 600k shares on-market at roughly ₱0.82 per share. In the last 3 months, they made an even bigger purchase worth ₱814k. Despite this recent purchase, insiders have collectively sold ₱2.1m more in shares than they bought in the last 12 months. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS ₱0.003 (vs ₱0.042 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱7.68b (down 9.0% from FY 2019). Net income: ₱9.29m (down 93% from FY 2019). Profit margin: 0.1% (down from 1.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Apr 01
Director recently bought ₱63k worth of stock On the 24th of March, Juan Arturo Iluminado de Castro bought around 81k shares on-market at roughly ₱0.78 per share. In the last 3 months, they made an even bigger purchase worth ₱814k. Despite this recent purchase, insiders have collectively sold ₱2.0m more in shares than they bought in the last 12 months. Recent Insider Transactions • Mar 16
Director recently bought ₱173k worth of stock On the 8th of March, Juan Arturo Iluminado de Castro bought around 200k shares on-market at roughly ₱0.87 per share. In the last 3 months, they made an even bigger purchase worth ₱814k. Despite this recent purchase, insiders have collectively sold ₱2.0m more in shares than they bought in the last 12 months. Recent Insider Transactions • Mar 06
President recently sold ₱1.7m worth of stock On the 3rd of March, Ricardo Manuel Sarmiento sold around 2m shares on-market at roughly ₱0.89 per share. In the last 3 months, there was an even bigger sale from another insider worth ₱2.1m. This was Ricardo Manuel's only on-market trade for the last 12 months. Is New 90 Day High Low • Mar 06
New 90-day low: ₱0.87 The company is down 16% from its price of ₱1.03 on 04 December 2020. The Filipino market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is down 5.0% over the same period. Recent Insider Transactions • Feb 04
Director recently bought ₱180k worth of stock On the 27th of January, Juan Arturo Iluminado de Castro bought around 200k shares on-market at roughly ₱0.90 per share. In the last 3 months, they made an even bigger purchase worth ₱452k. Insiders have collectively bought ₱2.8m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jan 12
Director recently bought ₱360k worth of stock On the 6th of January, Juan Arturo Iluminado de Castro bought around 400k shares on-market at roughly ₱0.90 per share. In the last 3 months, they made an even bigger purchase worth ₱452k. Insiders have collectively bought ₱882k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jan 07
Director recently bought ₱452k worth of stock On the 29th of December, Juan Arturo Iluminado de Castro bought around 500k shares on-market at roughly ₱0.90 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱1.7m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 19
Director recently sold ₱2.1m worth of stock On the 17th of December, Juan Arturo Iluminado de Castro sold around 2m shares on-market at roughly ₱1.03 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₱1.3m more than they sold in the last 12 months. Is New 90 Day High Low • Dec 04
New 90-day high: ₱1.03 The company is up 34% from its price of ₱0.77 on 04 September 2020. The Filipino market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 5.0% over the same period. Recent Insider Transactions • Nov 17
Director recently sold ₱668k worth of stock On the 10th of November, Juan Arturo Iluminado de Castro sold around 800k shares on-market at roughly ₱0.84 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₱7.7m more than they sold in the last 12 months. Is New 90 Day High Low • Nov 10
New 90-day high: ₱0.85 The company is up 8.0% from its price of ₱0.79 on 12 August 2020. The Filipino market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 05
New 90-day low: ₱0.74 The company is down 13% from its price of ₱0.85 on 07 July 2020. The Filipino market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is down 1.0% over the same period. Recent Insider Transactions • Sep 25
Director recently sold ₱200k worth of stock On the 18th of September, Juan Arturo Iluminado de Castro sold around 250k shares on-market at roughly ₱0.80 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₱6.5m more than they sold in the last 12 months. 
