Reported Earnings • May 16
First quarter 2026 earnings released: EPS: ₱0.07 (vs ₱0.036 in 1Q 2025) First quarter 2026 results: EPS: ₱0.07 (up from ₱0.036 in 1Q 2025). Revenue: ₱2.33b (up 7.0% from 1Q 2025). Net income: ₱266.7m (up 94% from 1Q 2025). Profit margin: 11% (up from 6.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₱2.70, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 11x in the Food industry in Philippines. Total returns to shareholders of 11% over the past three years. Declared Dividend • Apr 25
Dividend of ₱0.064 announced Shareholders will receive a dividend of ₱0.064. Ex-date: 7th May 2026 Payment date: 21st May 2026 Dividend yield will be 2.6%, which is lower than the industry average of 3.4%. Announcement • Apr 22
Axelum Resources Corp., Annual General Meeting, Jun 25, 2026 Axelum Resources Corp., Annual General Meeting, Jun 25, 2026, at 10:00 W. Australia Standard Time. Location: the meeting will be conducted and participation, Philippines Reported Earnings • Apr 14
Full year 2025 earnings released: EPS: ₱0.22 (vs ₱0.18 in FY 2024) Full year 2025 results: EPS: ₱0.22 (up from ₱0.18 in FY 2024). Revenue: ₱10.2b (up 39% from FY 2024). Net income: ₱849.6m (up 23% from FY 2024). Profit margin: 8.3% (down from 9.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₱2.30, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 10x in the Food industry in Philippines. Total loss to shareholders of 14% over the past three years. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: ₱0.11 (vs ₱0.04 in 3Q 2024) Third quarter 2025 results: EPS: ₱0.11 (up from ₱0.04 in 3Q 2024). Revenue: ₱3.06b (up 61% from 3Q 2024). Net income: ₱415.8m (up 219% from 3Q 2024). Profit margin: 14% (up from 6.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: ₱0.02 (vs ₱0.03 in 2Q 2024) Second quarter 2025 results: EPS: ₱0.02 (down from ₱0.03 in 2Q 2024). Revenue: ₱2.33b (up 42% from 2Q 2024). Net income: ₱82.8m (down 19% from 2Q 2024). Profit margin: 3.6% (down from 6.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jun 26
Axelum Resources Corp. Approves Changes to the Board Committees Axelum Resources Corp. at its organizational meeting of the Board of Directors held on June 26, 2025, approved the appointments to the Committees: Related Party Transaction Committee: Laurito E. Serrano (Independent Director) - Member; Manuel V. Pangilinan- Member and Rosemarie P. Rafael (Independent Director)- Chairman. Board Risk Oversight Committee: Joseph Augustin L. Tanco (Independent Director) -Chairman; Rosemarie P. Rafael (Independent Director) -Member. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ₱0.04 (vs ₱0.028 in 1Q 2024) First quarter 2025 results: EPS: ₱0.04 (up from ₱0.028 in 1Q 2024). Revenue: ₱2.18b (up 38% from 1Q 2024). Net income: ₱137.6m (up 29% from 1Q 2024). Profit margin: 6.3% (down from 6.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 30
Upcoming dividend of ₱0.051 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 21 May 2025. The company last paid an ordinary dividend in March 2020. The average dividend yield among industry peers is 5.5%. Announcement • Apr 22
Axelum Resources Corp. Declares Special Dividend, Payable on May 21, 2025 Axelum Resources Corp.'s board of directors declared a special dividend of PHP 0.0515 per share. Record Date is May 8, 2025. Payment Date is May 21, 2025. Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: ₱0.18 (vs ₱0.21 loss in FY 2023) Full year 2024 results: EPS: ₱0.18 (up from ₱0.21 loss in FY 2023). Revenue: ₱7.34b (up 29% from FY 2023). Net income: ₱688.4m (up ₱1.51b from FY 2023). Profit margin: 9.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. New Risk • Nov 29
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 7.2% 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: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ₱0.04 (vs ₱0.08 loss in 3Q 2023) Third quarter 2024 results: EPS: ₱0.04 (up from ₱0.08 loss in 3Q 2023). Revenue: ₱1.90b (up 30% from 3Q 2023). Net income: ₱130.4m (up ₱432.4m from 3Q 2023). Profit margin: 6.9% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Sep 25
Axelum Resources Corp. (PSE:AXLM) announces an Equity Buyback for PHP 500 million worth of its shares. Axelum Resources Corp. (PSE:AXLM) announces a share repurchase program. Under the program, the company will repurchase up to PHP 500 million worth of its shares. The shares repurchased will be held as treasury shares. The purpose of the program is to enhance shareholder value. The program will run for 6 months or until March 24, 2025. As of September 24, 2024, the company has 3,798,405,500 shares in outstanding and 201,594,500 shares in treasury. New Risk • Sep 24
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 7.1% 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: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: ₱0.03 (vs ₱0.015 loss in 2Q 2023) Second quarter 2024 results: EPS: ₱0.03 (up from ₱0.015 loss in 2Q 2023). Revenue: ₱1.64b (up 13% from 2Q 2023). Net income: ₱101.7m (up ₱158.4m from 2Q 2023). Profit margin: 6.2% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 16
Full year 2023 earnings released: ₱0.22 loss per share (vs ₱0.26 profit in FY 2022) Full year 2023 results: ₱0.22 loss per share (down from ₱0.26 profit in FY 2022). Revenue: ₱5.68b (down 19% from FY 2022). Net loss: ₱818.0m (down 183% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Apr 13
Axelum Resources Corp., Annual General Meeting, Aug 22, 2024 Axelum Resources Corp., Annual General Meeting, Aug 22, 2024, at 09:00 China Standard Time. Announcement • Feb 21
Axelum Resources Corp. Announces Election of Board of Directors Axelum Resources Corp. held its special meeting of stockholders on February 21, 2024, the stockholders elected Mr. Ricardo C. Lopa, Jr. and Mr. Juan Victor I. Hernandez as additional two regular member of the Board of Directors for the current year. Mr. Ricardo C. Lopa, Jr. was a regular director of AXLM until he resigned on December 19, 2023. He holds the positions of President of Monkey Eagle Brewery and a Director of Primegates Property Inc. Previously, he was the General Manager of Asya Resorts and Farm Manager of Hacienda Luisita Incorporated. Mr. Lopa earned his Bachelor of Arts Degree in Interdisciplinary Studies from the Ateneo de Manila University. Mr. Juan Victor I. Hernandez joined Metro Pacific Investments Corporation (MPIC) in November 2021 to serve as the President & CEO of Metro Pacific Logistics Co. Inc. In 2022, Metro Pacific Agro Ventures Inc. (MPAV) was incorporated as a holding company responsible for the agricultural portfolio of MPIC. Jovy is currently MPAV's President & CEO and is concurrently President & CEO of The Laguna Creamery Inc. (TLCI) and Carmen's Best. Prior to joining MPIC, Jovy was previously the SVP & Head of the Enterprise Business Groups of PLDT and Smart. He likewise served as the President & CEO of ePLDT (the data center business of the PLDT group) as well as its subsidiaries namely, ABM Global Solutions Inc., IP Converge Data Services Inc. ePDS Inc. and Curoteknika Inc. He also served as the President of Bonifacio Cable Corporation, Director of PLDT Global Corporation and headed its Enterprise businesses present in the United States, United Kingdom, Hongkong, Singapore and Australia. Jovy was also the Chairman of the Board of Asian Carriers Conference Inc., a Director of ACASIA Communications Sdn Bhd and Board Adviser of the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI). He also served as Board of Trustee in the IT & Business Process Association of the Philippines or IBPAP. Jovy obtained his Bachelor's Degree in Agricultural Economics from the University of the Philippines in Los Banos, his Master's degree in Business Management from the Asian Institute of Management and graduated from the Advanced Management Program at the Wharton Business School - University of Pennsylvania. Announcement • Feb 13
Axelum Resources Corp. Elects Joseph Augustin L. Tanco as Independent Director Axelum Resources Corp. advised that the Board of Directors during its regular meeting held on February 12, 2024, considered and approved the election of Mr. Joseph Augustin L. Tanco as Independent Director to serve the unexpired term of Mr. Raymundo N. Suarez. Mr. Tanco has been a Director of STI EDUCATION SYSTEMS HOLDINGS, INC. since 27 October 2010. He is likewise the Vice President for Investor Relations. Mr. Tanco is a Director and a member of the Executive Committee of STI ESG, the Chairman of the Board of PhilPlans First Inc. and also serves as a Director of iACADEMY, STI West Negros University and Philippines Firs Insurance Co. Inc. He is currently the President and Chief Executive Officer of Maestro Holdings Inc., Philippine Life Financial Assurance Corporation, PhilhealthCare Inc. and Comm&Sense Inc. He founded Comm&Sense Inc., an public relations agency offering comprehensive services in the areas of creative design, event conceptualization and management, public relations and promotions and its affiliated companies, Roar Agile Communicators and Stitch Tech Solutions Inc., where he is likewise the President and Chief Executive Officer. Mr. Tanco is an active member of the American Chamber of Commerce of the Philippines Inc. (AMCHAM) and has served as the Co-Chairman of the Healthcare and Wellness Committee from 2019 to the present. He was Chapter President of (Junior Chamber International Philippines (JCI) in 2012, an Area Director for Metro Area 2 in 2013 and recently, JCI bestowed him a Senatorship role. He was National Chairman for Nothing but Nets in 2013 and National Chairman for The Outstanding Young Men (TOYM) in 2015. In 2012, he became a mentor for BS Entrepreneurship at the University of Asia and the Pacific (UA&P) and in 2022 was the first recipient of the UA&P Helm Awards, the top honor of the university's inaugural Alumni Achievement Awards, which recognizes the distinct accomplishments of School of Management Graduates. Mr. Tanco is a graduate of the University of Asia and the Pacific with a Bachelor of Science degree in Entrepreneurial Management. He obtained his Master's in Business Administration from the Ateneo Graduate School of Business. Recent Insider Transactions • Jan 18
VP & Investor Relations Officer recently sold ₱226k worth of stock On the 15th of January, Paul Cheah sold around 100k shares on-market at roughly ₱2.26 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Dec 22
Axelum Resources Corp. Elects Manuel V. Pangilinan as Regular Director The Board of Directors of Axelum Resources Corp. during its special meeting dated December 22, 2023, approved the election of Manuel V. Pangilinan, to serve as regular Director of the company, as endorsed by its Nomination Committee. Effective date is December 22, 2023. Mr. Pangilinan is the Chairman and President of Metro Pacific Investments Corporation. In 1981, he founded First Pacific in the Philippines and currently serves as its Managing Director and Chief Executive Officer. Mr. Pangilinan also serves as the Chairman and Chief Executive Officer of Manila Electric Company (Meralco), and Chairman of PLDT Inc. and Smart Communications Inc., Maynilad Water Services Inc., Metro Pacific Tollways Corporation, and NLEX Corporation, among others. Announcement • Dec 20
Axelum Resources Corp. Announces Directorate Resignations Axelum Resources Corp. announced that Ricardo C. Lopa, Jr. and Raymundo N. Suarez resigned as regular Director and independent Director, respectively, of the company effective December 19, 2023 due to Corporate reorganization. Announcement • Nov 24
Axelum Resources Corp. Approves the Appointment of Ms. Mariam Chan Brimer as Global Marketing Director The Board of Directors of Axelum Resources Corp. approved the appointment of Ms. Mariam Chan Brimer as Global Marketing Director of Axelum, where she will focus on developing growth opportunities for local and international markets. Reported Earnings • Nov 14
Third quarter 2023 earnings released: ₱0.08 loss per share (vs ₱0.08 profit in 3Q 2022) Third quarter 2023 results: ₱0.08 loss per share (down from ₱0.08 profit in 3Q 2022). Revenue: ₱1.46b (down 25% from 3Q 2022). Net loss: ₱302.0m (down 202% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. New Risk • Aug 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 12
Second quarter 2023 earnings released: ₱0.01 loss per share (vs ₱0.06 profit in 2Q 2022) Second quarter 2023 results: ₱0.01 loss per share (down from ₱0.06 profit in 2Q 2022). Revenue: ₱1.46b (down 15% from 2Q 2022). Net loss: ₱56.7m (down 124% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 27
Axelum Resources Corp. Announces Board Changes Axelum Resources Corp. announced that at its organizational meeting of the board of directors held on July 26, 2023, the following were elected to the Committees: Executive Committee: Romeo I. Chan, Chairman; Henry J. Raperoga, Member; Jason Rosenblatt, Member; Ricardo C. Lopa, Jr, Member. Audit Committee: Laurito E. Serrano (Independent Director), Chairman; Rosemarie P. Rafael (Independent Director), Member; Raymundo N. Suarez (Independent Director), Member. Corporate Governance And Nomination Committee: Laurito E. Serrano (Independent Director), Chairman; Rosemarie P. Rafael (Independent Director), Member; Raymundo N. Suarez (Independent Director), Member. Board Risk Oversight Committee: Rosemarie P. Rafael (Independent Director), Chairman; Raymundo N. Suarez (Independent Director), Member; Henry J. Raperoga, Member. Related Party Transaction Committee: Raymundo N. Suarez (Independent Director), Chairman; Rosemarie P. Rafael (Independent Director), Member; Romeo I. Chan, Member. Announcement • May 25
Axelum Resources Corp., Annual General Meeting, Jul 26, 2023 Axelum Resources Corp., Annual General Meeting, Jul 26, 2023, at 09:00 Singapore Standard Time. Agenda: To consider Approval of the Minutes of the Previous Annual Meeting; to discuss Annual Report of Management and approval of the Audited Financial Statements; to discuss Ratification of the acts of the Board of Directors and its committees, officers and management; to discuss Appointment of External Auditor; to discuss Election of Directors; and to discuss Other matters. Reported Earnings • Apr 18
Full year 2022 earnings released: EPS: ₱0.26 (vs ₱0.18 in FY 2021) Full year 2022 results: EPS: ₱0.26 (up from ₱0.18 in FY 2021). Revenue: ₱7.04b (up 11% from FY 2021). Net income: ₱983.5m (up 38% from FY 2021). Profit margin: 14% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 07
Metro Pacific Reportedly in Talks to Buy Stake in Axelum Resources Metro Pacific Investments Corporation (PSE:MPI) is in talks to acquire a significant share stake in Axelum Resources Corp. (PSE:AXLM), a manufacturer and exporter of coconut products, two sources with knowledge of the deal said on February 6, 2023. A deal could be finalised this month, one of the sources said, as Metro Pacific pushes to build an agriculture portfolio at a time of high commodity prices. After completing an initial investment, Metro Pacific will have the option to buy more shares to gain a majority stake in the future, a second source said. The two sources were not authorised to talk to the media. Asked for comment, Metro Pacific said it would file a disclosure later, without elaborating. Axelum officials did not immediately respond to a request for comment. It was unclear how much any deal may be worth but Axelum has a market capitalisation of $247 million. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 20% share price gain to ₱3.14, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 16x in the Food industry in Philippines. Total returns to shareholders of 10% over the past three years. Recent Insider Transactions • Dec 13
Lead Independent Director recently bought ₱223k worth of stock On the 12th of December, Laurito Serrano bought around 89k shares on-market at roughly ₱2.51 per share. This transaction increased Laurito's direct individual holding by 88888x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱713k more in shares than they have sold in the last 12 months. 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Lead Independent Director Laurito Serrano was the last independent director to join the board, commencing their role in 2019. 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 10
Third quarter 2022 earnings released: EPS: ₱0.08 (vs ₱0.07 in 3Q 2021) Third quarter 2022 results: EPS: ₱0.08 (up from ₱0.07 in 3Q 2021). Revenue: ₱1.94b (up 15% from 3Q 2021). Net income: ₱296.4m (up 14% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Oct 26
Independent Director recently bought ₱155k worth of stock On the 24th of October, Raymundo Suarez bought around 57k shares on-market at roughly ₱2.72 per share. This transaction increased Raymundo's direct individual holding by 14x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: ₱0.06 (vs ₱0.04 in 2Q 2021) Second quarter 2022 results: EPS: ₱0.06 (up from ₱0.04 in 2Q 2021). Revenue: ₱1.71b (up 4.5% from 2Q 2021). Net income: ₱238.9m (up 38% from 2Q 2021). Profit margin: 14% (up from 11% in 2Q 2021). Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 18% share price gain to ₱2.47, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 15x in the Food industry in Philippines. Total loss to shareholders of 8.9% over the past year. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: ₱0.05 (vs ₱0.037 in 1Q 2021) First quarter 2022 results: EPS: ₱0.05 (up from ₱0.037 in 1Q 2021). Revenue: ₱1.67b (up 14% from 1Q 2021). Net income: ₱181.9m (up 25% from 1Q 2021). Profit margin: 11% (up from 9.9% in 1Q 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rosemarie Rafael was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 22
Axelum Resources Corp., Annual General Meeting, Jun 29, 2022 Axelum Resources Corp., Annual General Meeting, Jun 29, 2022, at 13:00 Singapore Standard Time. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS ₱0.07 (vs ₱0.05 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₱1.69b (up 23% from 3Q 2020). Net income: ₱260.3m (up 45% from 3Q 2020). Profit margin: 15% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Board Change • Oct 18
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Lead Independent Director Laurito Serrano was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ₱0.04 (vs ₱0.02 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₱1.63b (up 38% from 2Q 2020). Net income: ₱172.8m (up 111% from 2Q 2020). Profit margin: 11% (up from 6.9% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • May 13
First quarter 2021 earnings released: EPS ₱0.04 (vs ₱0.03 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: ₱1.47b (up 22% from 1Q 2020). Net income: ₱145.6m (up 20% from 1Q 2020). Profit margin: 9.9% (in line with 1Q 2020). Reported Earnings • Apr 17
Full year 2020 earnings released: EPS ₱0.13 (vs ₱0.23 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱5.17b (down 2.5% from FY 2019). Net income: ₱526.4m (down 32% from FY 2019). Profit margin: 10% (down from 15% in FY 2019). The decrease in margin was primarily driven by lower revenue. Executive Departure • Apr 13
Senior Vice President Jose Armando Nanawa has left the company On the 31st of March, Jose Armando Nanawa's tenure in the role of Senior Vice President ended. As of December 2020, Jose Armando personally held 13.56m shares (₱47m worth at the time). Jose Armando is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₱3.60, the stock is trading at a trailing P/E ratio of 25.6x, up from the previous P/E ratio of 22x. This compares to an average P/E of 23x in the Food industry in Philippines. Total returns to shareholders over the past year are 20%. Is New 90 Day High Low • Dec 11
New 90-day high: ₱3.82 The company is up 61% from its price of ₱2.38 on 11 September 2020. The Filipino market is up 20% 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. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 15% share price gain to ₱3.39, the stock is trading at a trailing P/E ratio of 24.1x, up from the previous P/E ratio of 20.9x. This compares to an average P/E of 23x in the Food industry in Philippines. Total return to shareholders over the past year is a loss of 6.6%. Is New 90 Day High Low • Nov 21
New 90-day high: ₱3.08 The company is up 27% from its price of ₱2.42 on 20 August 2020. The Filipino market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 4.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ₱0.05 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ₱1.37b (up 3.8% from 3Q 2019). Net income: ₱180.2m (down 12% from 3Q 2019). Profit margin: 13% (down from 16% in 3Q 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Nov 03
New 90-day high: ₱2.88 The company is up 34% from its price of ₱2.15 on 05 August 2020. The Filipino market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 16
New 90-day high: ₱2.86 The company is up 25% from its price of ₱2.28 on 17 July 2020. The Filipino market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 6.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day high: ₱2.67 The company is up 1.0% from its price of ₱2.65 on 26 June 2020. The Filipino market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 1.0% over the same period. 
