Reported Earnings • May 12
First quarter 2026 earnings released: EPS: ₱2.44 (vs ₱0.29 loss in 1Q 2025) First quarter 2026 results: EPS: ₱2.44 (up from ₱0.29 loss in 1Q 2025). Revenue: ₱6.52b (up 108% from 1Q 2025). Net income: ₱3.00b (up ₱3.36b from 1Q 2025). Profit margin: 46% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: ₱4.44 (vs ₱3.81 in FY 2024) Full year 2025 results: EPS: ₱4.44 (up from ₱3.81 in FY 2024). Revenue: ₱19.5b (up 16% from FY 2024). Net income: ₱5.44b (up 16% from FY 2024). Profit margin: 28% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 04
Dividend of ₱0.50 announced Dividend of ₱0.50 is the same as last year. Ex-date: 16th March 2026 Payment date: 8th April 2026 Dividend yield will be 4.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (21% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 03
A. Soriano Corporation announces Annual dividend, payable on April 08, 2026 A. Soriano Corporation announced Annual dividend of PHP 0.5000 per share payable on April 08, 2026, ex-date on March 16, 2026 and record date on March 17, 2026. Announcement • Feb 24
A. Soriano Corporation, Annual General Meeting, Apr 15, 2026 A. Soriano Corporation, Annual General Meeting, Apr 15, 2026, at 10:00 W. Australia Standard Time. Location: no physical venue for the asm., Philippines Recent Insider Transactions • Dec 24
Insider recently bought ₱93k worth of stock On the 19th of December, Eduardo Soriano bought around 7k shares on-market at roughly ₱14.00 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. Despite this recent purchase, insiders have collectively sold ₱6.4m more in shares than they bought in the last 12 months. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: ₱1.44 (vs ₱1.04 in 3Q 2024) Third quarter 2025 results: EPS: ₱1.44 (up from ₱1.04 in 3Q 2024). Revenue: ₱5.13b (up 26% from 3Q 2024). Net income: ₱1.77b (up 39% from 3Q 2024). Profit margin: 35% (up from 31% 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 19% per year whereas the company’s share price has increased by 14% per year. Announcement • Oct 03
Inoza Business Holdings, Inc. acquired an unknown minority stake in The Bistro Group from A. Soriano Corporation (PSE:ANS) for PHP 1.9 billion. Inoza Business Holdings, Inc. acquired an unknown minority stake in The Bistro Group from A. Soriano Corporation (PSE:ANS) for PHP 1.9 billion on October 1, 2025. A cash consideration of PHP 1.91 billion will be paid by Inoza Business Holdings, Inc. As part of consideration, PHP 1.91 billion is paid towards common equity of The Bistro Group.
Inoza Business Holdings, Inc. completed the acquisition of an unknown minority stake in The Bistro Group from A. Soriano Corporation (PSE:ANS) on October 1, 2025. Upcoming Dividend • Sep 24
Upcoming dividend of ₱0.25 per share Eligible shareholders must have bought the stock before 01 October 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Filipino dividend payers (6.1%). Higher than average of industry peers (1.1%). Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: ₱1.26 (vs ₱0.93 in 2Q 2024) Second quarter 2025 results: EPS: ₱1.26 (up from ₱0.93 in 2Q 2024). Revenue: ₱4.68b (up 15% from 2Q 2024). Net income: ₱1.55b (up 36% from 2Q 2024). Profit margin: 33% (up from 28% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year. Recent Insider Transactions • Jul 15
Independent Director recently bought ₱736k worth of stock On the 10th of July, Oscar Hilado bought around 50k shares on-market at roughly ₱14.72 per share. This transaction amounted to 1.3% 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 ₱6.5m more in shares than they bought in the last 12 months. Recent Insider Transactions • Jul 04
Independent Director recently sold ₱356k worth of stock On the 27th of June, Oscar Hilado sold around 25k shares on-market at roughly ₱14.24 per share. This transaction amounted to less than 1% 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 ₱7.2m more than they bought in the last 12 months. New Risk • May 15
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: 14% Last year net profit margin: 27% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • May 15
First quarter 2025 earnings released: ₱0.29 loss per share (vs ₱1.87 profit in 1Q 2024) First quarter 2025 results: ₱0.29 loss per share (down from ₱1.87 profit in 1Q 2024). Revenue: ₱3.14b (down 41% from 1Q 2024). Net loss: ₱358.5m (down 116% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Mar 08
Full year 2024 earnings released Full year 2024 results: Revenue: ₱16.8b (up 22% from FY 2023). Net income: ₱4.68b (up 83% from FY 2023). Profit margin: 28% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Declared Dividend • Feb 26
Dividend of ₱0.50 announced Shareholders will receive a dividend of ₱0.50. Ex-date: 14th March 2025 Payment date: 11th April 2025 Dividend yield will be 5.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (11% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 18
A. Soriano Corporation Announces Demise of Eduardo J. Soriano, Vice-Chairman and Director A. Soriano Corporation announced the passing of Mr. Eduardo J. Soriano, Vice-Chairman and Director, February 17, 2025. He served as Director of A. Soriano Corporation ("Anscor") since 1980 and became Vice-Chairman in 1990. He was Anscor's Treasurer prior to his retirement in 2018. He is also the President of The Andres Soriano Foundation Inc. and a Director of Phelps Dodge International Philippines Inc. Recent Insider Transactions • Jan 09
Independent Director recently sold ₱6.8m worth of stock On the 3rd of January, Oscar Hilado sold around 500k shares on-market at roughly ₱13.70 per share. This transaction amounted to 11% 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 ₱19m more than they bought in the last 12 months. Buy Or Sell Opportunity • Nov 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₱13.02. The fair value is estimated to be ₱16.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ₱1.04 (vs ₱0.30 in 3Q 2023) Third quarter 2024 results: EPS: ₱1.04 (up from ₱0.30 in 3Q 2023). Revenue: ₱4.08b (up 42% from 3Q 2023). Net income: ₱1.28b (up 249% from 3Q 2023). Profit margin: 31% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 06
Upcoming dividend of ₱0.25 per share Eligible shareholders must have bought the stock before 13 November 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of Filipino dividend payers (6.2%). Higher than average of industry peers (1.4%). Announcement • Oct 29
A. Soriano Corporation Approves Special Cash Dividend, Payable on November 29, 2024 The Board of Directors of A. Soriano Corporation in its meeting held on October 29,2024, approved a special cash dividend of 25 Centavos (PHP 0.25) per share payable on November 29, 2024 to all stockholders of record as of November 14, 2024. Source of Dividend Payment: From the Company's unrestricted retained earnings as of September 30, 2024. Buy Or Sell Opportunity • Sep 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to ₱14.92. The fair value is estimated to be ₱12.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 4.1%. Buy Or Sell Opportunity • Aug 21
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to ₱15.00. The fair value is estimated to be ₱12.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 4.1%. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: ₱0.93 (vs ₱0.34 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.93 (up from ₱0.34 in 2Q 2023). Revenue: ₱4.07b (up 31% from 2Q 2023). Net income: ₱1.14b (up 170% from 2Q 2023). Profit margin: 28% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 4.1% to ₱12.70. The fair value is estimated to be ₱10.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 2.6%. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ₱1.87 (vs ₱0.52 in 1Q 2023) First quarter 2024 results: EPS: ₱1.87 (up from ₱0.52 in 1Q 2023). Revenue: ₱5.36b (up 51% from 1Q 2023). Net income: ₱2.30b (up 260% from 1Q 2023). Profit margin: 43% (up from 18% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. New Risk • Apr 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 104% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (28% accrual ratio). Shareholders have been substantially diluted in the past year (104% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Significant insider selling over the past 3 months (₱12m sold). Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: ₱2.08 (vs ₱2.28 in FY 2022) Full year 2023 results: EPS: ₱2.08 (down from ₱2.28 in FY 2022). Revenue: ₱13.8b (up 1.3% from FY 2022). Net income: ₱2.55b (down 8.9% from FY 2022). Profit margin: 19% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 06
Upcoming dividend of ₱0.50 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 25 March 2024. Payout ratio is a comfortable 24% but the company is paying out more than the cash it is generating. Trailing yield: 8.2%. Within top quartile of Filipino dividend payers (5.7%). Higher than average of industry peers (1.3%). Declared Dividend • Mar 01
Dividend of ₱0.50 announced Dividend of ₱0.50 is the same as last year. Ex-date: 13th March 2024 Payment date: 25th March 2024 Dividend yield will be 8.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (dividend approximately 10x free cash flows). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Jan 18
Independent Director recently sold ₱12m worth of stock On the 15th of January, Oscar Hilado sold around 1m shares on-market at roughly ₱11.66 per share. This transaction amounted to 18% 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. Upcoming Dividend • Nov 23
Upcoming dividend of ₱0.50 per share at 8.9% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 12 December 2023. Payout ratio is a comfortable 24% but the company is paying out more than the cash it is generating. Trailing yield: 8.9%. Within top quartile of Filipino dividend payers (5.7%). Higher than average of industry peers (1.4%). Announcement • Nov 17
A. Soriano Corporation Approves a Special Cash Dividend, Payable on December 12, 2023 The Board of Directors of A. Soriano Corporation at its meeting held November 15,2023, approved a special cash dividend of Fifty Centavos (PHP 0.50) per share payable on December 12, 2023 to all stockholders of record as of December 1, 2023. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ₱0.30 (vs ₱0.19 loss in 3Q 2022) Third quarter 2023 results: EPS: ₱0.30 (up from ₱0.19 loss in 3Q 2022). Revenue: ₱2.87b (up 24% from 3Q 2022). Net income: ₱366.0m (up ₱594.2m from 3Q 2022). Profit margin: 13% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year and the company’s share price has also increased by 21% per year. New Risk • Aug 10
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (15% net profit margin). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: ₱0.34 (vs ₱0.65 loss in 2Q 2022) Second quarter 2023 results: EPS: ₱0.34 (up from ₱0.65 loss in 2Q 2022). Revenue: ₱3.12b (up 113% from 2Q 2022). Net income: ₱420.9m (up ₱1.22b from 2Q 2022). Profit margin: 14% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: ₱0.52 (vs ₱2.20 in 1Q 2022) First quarter 2023 results: EPS: ₱0.52 (down from ₱2.20 in 1Q 2022). Revenue: ₱3.54b (down 35% from 1Q 2022). Net income: ₱638.0m (down 76% from 1Q 2022). Profit margin: 18% (down from 49% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: ₱2.28 (vs ₱2.04 in FY 2021) Full year 2022 results: EPS: ₱2.28 (up from ₱2.04 in FY 2021). Revenue: ₱13.6b (up 20% from FY 2021). Net income: ₱2.80b (up 12% from FY 2021). Profit margin: 21% (down from 22% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 06
Upcoming dividend of ₱0.50 per share at 4.8% yield Eligible shareholders must have bought the stock before 13 March 2023. Payment date: 10 April 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Filipino dividend payers (5.4%). Higher than average of industry peers (1.0%). Upcoming Dividend • Nov 16
Upcoming dividend of ₱0.50 per share Eligible shareholders must have bought the stock before 23 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 5.6%. Lower than top quartile of Filipino dividend payers (5.8%). Higher than average of industry peers (1.0%). Board Change • Nov 16
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. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Johnson Robert Go 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. Announcement • Nov 11
A. Soriano Corporation Declares Special Dividend, Payable on December 15, 2022 The Board of Directors of A. Soriano Corporation, in its meeting held on November 11, 2022, approved a special cash dividend of PHP 0.50 per share, payable on December 15, 2022 to all stockholders of record as of November 28,2022. Announcement • Aug 30
A. Soriano Corporation Ordinary Shares Deleted from OTC Equity A. Soriano Corporation ANS Ordinary Shares (Philippines) has been deleted from OTC Equity effective from August 29, 2022, due to Inactive Security. Reported Earnings • Aug 14
Second quarter 2022 earnings released: ₱0.65 loss per share (vs ₱1.36 profit in 2Q 2021) Second quarter 2022 results: ₱0.65 loss per share (down from ₱1.36 profit in 2Q 2021). Revenue: ₱1.46b (down 60% from 2Q 2021). Net loss: ₱796.9m (down 148% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: ₱2.20 (vs ₱0.41 loss in 1Q 2021) First quarter 2022 results: EPS: ₱2.20 (up from ₱0.41 loss in 1Q 2021). Revenue: ₱5.47b (up 248% from 1Q 2021). Net income: ₱2.70b (up ₱3.20b from 1Q 2021). Profit margin: 49% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. 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 Johnson Robert Go 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 • Apr 20
A. Soriano Corporation Announces Management and Committee Changes A. Soriano Corporation, at the organizational meeting of the Board of Directors held on April 20, 2022, appointed Mr. Lorenzo D. Lasco and Ma. Victoria L. Cruz as executive officers. Mr. William H. Ottiger was appointed as a member of executive committee and audit committee. Mr. Johnson Robert G. Go, Jr and Mr. Alfonso S. Yuchengco lll were appointed as a member of audit committee. Board Change • Apr 19
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 an independent director. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Johnson Robert Go 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 • Mar 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₱2.04 (up from ₱0.13 in FY 2020). Revenue: ₱11.4b (up 65% from FY 2020). Net income: ₱2.50b (up ₱2.34b from FY 2020). Profit margin: 22% (up from 2.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Mar 01
Upcoming dividend of ₱0.50 per share Eligible shareholders must have bought the stock before 08 March 2022. Payment date: 05 April 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of Filipino dividend payers (3.9%). Higher than average of industry peers (0.9%). Upcoming Dividend • Nov 22
Upcoming dividend of ₱0.25 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 27 December 2021. Trailing yield: 6.5%. Within top quartile of Filipino dividend payers (4.0%). Higher than average of industry peers (0.8%). Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ₱0.86 (vs ₱0.25 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₱3.10b (up 105% from 3Q 2020). Net income: ₱1.05b (up ₱1.36b from 3Q 2020). Profit margin: 34% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year and the company’s share price has also increased by 6% per year. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS ₱1.36 (vs ₱1.27 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₱3.65b (up 48% from 2Q 2020). Net income: ₱1.67b (up 5.5% from 2Q 2020). Profit margin: 46% (down from 64% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 18
First quarter 2021 earnings released: ₱0.41 loss per share (vs ₱2.06 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: ₱1.57b (down 323% from 1Q 2020). Net loss: ₱497.6m (loss narrowed 81% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 05
Upcoming Dividend of ₱0.50 Per Share Will be paid on the 14th of April to those who are registered shareholders by the 12th of March. The trailing yield of 14% is in the top quartile of Filipino dividend payers (4.1%), and it is higher than industry peers (1.1%). Reported Earnings • Mar 02
Full year 2020 earnings released: EPS ₱0.13 (vs ₱1.53 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱6.88b (down 36% from FY 2019). Net income: ₱165.6m (down 91% from FY 2019). Profit margin: 2.4% (down from 17% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 20
New 90-day high: ₱7.44 The company is up 16% from its price of ₱6.39 on 20 November 2020. The Filipino market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is down 3.0% over the same period. Announcement • Feb 18
A. Soriano Corporation, Annual General Meeting, Apr 14, 2021 A. Soriano Corporation, Annual General Meeting, Apr 14, 2021, at 10:00 Singapore Standard Time. Agenda: To consider and Approval of the minutes of previous meeting; to consider Presentation of the Chairman and Chief Executive Officer's Message to Stockholders; to consider Approval for Mr. Oscar J. Hilado to continue as Independent Director of the Company; to consider and Election of members of the Board of Directors; to consider and Appointment of external auditors of SGV & Co. will be presented for approval of the Stockholders; and to consider other matter also. Is New 90 Day High Low • Jan 19
New 90-day high: ₱6.80 The company is up 7.0% from its price of ₱6.36 on 22 October 2020. The Filipino market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is up 15% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: ₱0.25 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: ₱1.51b (down 10% from 3Q 2019). Net loss: ₱302.9m (loss narrowed 21% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.