Declared Dividend • Jun 06
Dividend of ₱0.0005 announced Dividend of ₱0.0005 is the same as last year. Ex-date: 2nd July 2026 Payment date: 29th July 2026 Dividend yield will be 3.6%, which is lower than the industry average of 17%. Sustainability & Growth Dividend is not adequately covered by earnings (90.0% earnings payout ratio). However, it is well covered by cash flows (44% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. Earnings per share declined by 28% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range. New Risk • May 16
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: 36% Last year net profit margin: 97% 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 Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (36% net profit margin). Revenue is less than US$5m (US$1.8m revenue). Market cap is less than US$100m (₱2.65b market cap, or US$43.0m). New Risk • May 03
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 Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Revenue is less than US$5m (US$2.3m revenue). Market cap is less than US$100m (₱2.54b market cap, or US$41.3m). New Risk • Apr 22
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: 76% Last year net profit margin: 213% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (76% net profit margin). Revenue is less than US$5m (US$2.7m revenue). Market cap is less than US$100m (₱2.54b market cap, or US$42.2m). Announcement • Mar 17
Oriental Petroleum and Minerals Corporation, Annual General Meeting, Jun 04, 2026 Oriental Petroleum and Minerals Corporation, Annual General Meeting, Jun 04, 2026, at 11:00 W. Australia Standard Time. Location: (link will be disclosed once available), Philippines New Risk • Nov 16
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: 76% Last year net profit margin: 213% 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: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 50x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (76% net profit margin). Revenue is less than US$5m (US$2.7m revenue). Market cap is less than US$100m (₱2.16b market cap, or US$36.6m). New Risk • Sep 23
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 20x earnings per share. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 20x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Revenue is less than US$5m (US$2.7m revenue). Market cap is less than US$100m (₱2.29b market cap, or US$40.2m). Reported Earnings • Aug 15
Second quarter 2025 earnings released Second quarter 2025 results: Net income: US$1.35m (up US$2.11m from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jul 14
Oriental Petroleum and Minerals Corporation (PSE:OPMB) announces an Equity Buyback for 20,000,000,000 shares, representing 10% for PHP 200 million. Oriental Petroleum and Minerals Corporation (PSE:OPMB) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000,000 shares, representing 10% of its issued share capital for PHP 200 million. The program will be funded through internal resources. The program will remain in effect until the allocated funds are fully utilized, or as otherwise determined by the Board. As of June 27, 2025, the company had 120,000,000,000 Class A shares outstanding, 80,000,000,000 Class B shares outstanding and 0 treasury shares. New Risk • Jul 08
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 7.7% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Revenue is less than US$5m (US$2.8m revenue). Market cap is less than US$100m (₱1.96b market cap, or US$34.7m). New Risk • Jul 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% 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 Risk Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (US$2.8m revenue). Market cap is less than US$100m (₱2.78b market cap, or US$49.2m). Board Change • Jun 03
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. 4 experienced directors. 7 highly experienced directors. 2 independent directors (9 non-independent directors). Lead Independent Director Jay Layug was the last independent director to join the board, commencing their role in 2022. 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 • May 16
First quarter 2025 earnings released: EPS: US$0 (vs US$0 in 1Q 2024) First quarter 2025 results: EPS: US$0 (in line with 1Q 2024). Revenue: US$945.4k (down 24% from 1Q 2024). Net income: US$1.31m (up 355% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • May 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Lead Independent Director Jay Layug was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 17
Full year 2024 earnings released: EPS: US$0 (vs US$0 in FY 2023) Full year 2024 results: EPS: US$0 (in line with FY 2023). Revenue: US$3.11m (up 2.9% from FY 2023). Net income: US$1.69m (down 57% from FY 2023). Profit margin: 54% (down from 129% in FY 2023). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Mar 19
Oriental Petroleum and Minerals Corporation, Annual General Meeting, Jun 04, 2025 Oriental Petroleum and Minerals Corporation, Annual General Meeting, Jun 04, 2025, at 11:00 W. Australia Standard Time. New Risk • Dec 09
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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Revenue is less than US$5m (US$2.0m revenue). Market cap is less than US$100m (₱1.45b market cap, or US$25.0m). Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: US$0 (vs US$0 in 3Q 2023) Third quarter 2024 results: EPS: US$0 (in line with 3Q 2023). Net income: US$2.90m (up US$2.77m from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: US$0 (vs US$0 in 2Q 2023) Second quarter 2024 results: EPS: US$0 (in line with 2Q 2023). Revenue: US$763.0k (down 25% from 2Q 2023). Net loss: US$768.0k (down US$876.4k from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • May 24
Oriental Petroleum and Minerals Corporation Approves Cash Dividend, Payable on July 12, 2024 The Board of Directors of Oriental Petroleum and Minerals Corporation approved on May 24, 2024 the declaration of a cash dividend in the amount of PHP 0.0005 on each common share of stock from the Corporation's unrestricted retained earnings as of December 31, 2023 to all stockholders of record as of June 21, 2024 and shall be paid on July 12, 2024. Announcement • Apr 11
Oriental Petroleum and Minerals Corporation, Annual General Meeting, May 24, 2024 Oriental Petroleum and Minerals Corporation, Annual General Meeting, May 24, 2024, at 10:30 Singapore Standard Time. Agenda: To consider the reports of Officers and Approval of the Annual Report; to consider the ratification of all acts and resolutions of the Board of Directors and Management from the date of the last annual stockholders' meeting until the date of this meeting; to consider the election of the members of the Board of Directors; to consider the appointment of External Auditors; and to consider the Other matters. Announcement • Feb 01
Oriental Petroleum and Minerals Corporation Announces Retirement of Apollo P. Madrid as Senior Vice President, Operations and Administration, Corporate Information Officer and Investors' Relation Officer The Board of Directors of Oriental Petroleum and Minerals Corporation (OPM) has duly accepted the voluntary retirement of Mr. Apollo P. Madrid, as Senior Vice President, Operations and Administration, Corporate Information Officer and Investors' Relation Officer of OPM effective February 1, 2024. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: US$0 (vs US$0 in 2Q 2022) Second quarter 2023 results: EPS: US$0 (in line with 2Q 2022). Net income: US$108.4k (up US$1.24m from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • May 19
Oriental Petroleum and Minerals Corporation, Annual General Meeting, Jun 28, 2023 Oriental Petroleum and Minerals Corporation, Annual General Meeting, Jun 28, 2023, at 07:00 Coordinated Universal Time. Agenda: To consider Call to order; to consider Proof of due notice of meeting and determination of quorum; to consider Approval of the Minutes of the Annual Meeting held on June 23, 2022; to consider Reports of Officers and Approval of the Annual Report; to consider Ratification of all acts and resolutions of the Board of Directors and Management from the date of the last annual stockholders' meeting until the date of this meeting; to consider Election of the members of the Board of Directors; to consider Appointment of External Auditors; to consider Other matters; to consider Adjournment. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Director Jay Layug was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Director Antonio Go was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
Third quarter 2021 earnings released Third quarter 2021 results: Net loss: US$845.4k (down 150% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. 
