New Risk • Jun 03
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 9.7% 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 Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₱1.59b market cap, or US$25.8m). Reported Earnings • May 16
First quarter 2026 earnings released: EPS: ₱0.05 (vs ₱0.002 in 1Q 2025) First quarter 2026 results: EPS: ₱0.05 (up from ₱0.002 in 1Q 2025). Revenue: ₱160.6m (up 24% from 1Q 2025). Net income: ₱75.7m (up ₱73.3m from 1Q 2025). Profit margin: 47% (up from 1.8% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Apr 24
J Ten Equities, Inc. acquired an additional 10% stake in Raslag Corp. (PSE:ASLAG) from Angeles Power,Inc. for approximately PHP 170 million. J Ten Equities, Inc. acquired an additional 10% stake in Raslag Corp. (PSE:ASLAG) from Angeles Power,Inc. for approximately PHP 170 million on April 22, 2026. A cash consideration valued at PHP 1.1 per share will be paid by J Ten Equities, Inc. Following the transaction, J Ten Equities, Inc. increased its stake to 67.18% and Angeles Power, Inc.'s stake was reduced to 8.98% in Raslag Corp.
J Ten Equities, Inc. completed the acquisition of additional 10% stake in Raslag Corp. (PSE:ASLAG) from Angeles Power,Inc. on April 22, 2026. 
