New Risk • Jun 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₱581.1m (US$9.57m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₱7.0m revenue, or US$115k). Market cap is less than US$10m (₱581.1m market cap, or US$9.57m). Reported Earnings • May 12
Full year 2025 earnings released: EPS: ₱0.002 (vs ₱0.022 loss in FY 2024) Full year 2025 results: EPS: ₱0.002 (up from ₱0.022 loss in FY 2024). Net income: ₱8.97m (up ₱65.1m from FY 2024). 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 49% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 17
Greenergy Holdings Incorporated, Annual General Meeting, Jun 15, 2026 Greenergy Holdings Incorporated, Annual General Meeting, Jun 15, 2026. New Risk • Mar 16
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₱60m (US$997k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.5% per year over the past 5 years. Revenue is less than US$1m (₱60m revenue, or US$997k). Minor Risk Market cap is less than US$100m (₱726.4m market cap, or US$12.1m). New Risk • Feb 12
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 7.9% 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 9.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Revenue is less than US$5m (₱60m revenue, or US$1.0m). Market cap is less than US$100m (₱606.0m market cap, or US$10.5m). Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₱0.022 (vs ₱0.006 loss in 3Q 2024) Third quarter 2025 results: EPS: ₱0.022 (up from ₱0.006 loss in 3Q 2024). Net income: ₱1.73m (up ₱16.6m from 3Q 2024). 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 57% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ₱0.01 (vs ₱0.003 loss in 2Q 2024) Second quarter 2025 results: EPS: ₱0.01 (up from ₱0.003 loss in 2Q 2024). Net income: ₱25.0m (up ₱33.0m from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 59% per year, which means it is performing significantly worse than earnings. New Risk • Jul 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₱543.8m (US$9.50m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m (₱5.3m revenue, or US$93k). Market cap is less than US$10m (₱543.8m market cap, or US$9.50m). Reported Earnings • May 07
Full year 2024 earnings released: ₱0.02 loss per share (vs ₱0.009 loss in FY 2023) Full year 2024 results: ₱0.02 loss per share (further deteriorated from ₱0.009 loss in FY 2023). Net loss: ₱56.1m (loss widened 133% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Tillkännagivande • May 06
Greenergy Holdings Incorporated, Annual General Meeting, Jul 25, 2025 Greenergy Holdings Incorporated, Annual General Meeting, Jul 25, 2025. New Risk • Dec 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 60% 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 Earnings have declined by 91% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m (₱5.1m revenue, or US$87k). Minor Risk Market cap is less than US$100m (₱788.6m market cap, or US$13.5m). Reported Earnings • Nov 15
Third quarter 2024 earnings released: ₱0.004 loss per share (vs ₱0.004 loss in 3Q 2023) Third quarter 2024 results: ₱0.004 loss per share (in line with 3Q 2023). Net loss: ₱14.9m (loss widened 56% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Aug 21
Greenergy Holdings Incorporated Announces Board Changes Greenergy Holdings Incorporated announced the resignation of Ms. Leonor M. Briones and Mr. Kenneth S. Tan as Independent Director and Director of the Company, respectively, both effective 17 August 2024. Ms. Briones and Mr. Tan resigned due to personal reasons. Reported Earnings • Aug 15
Second quarter 2024 earnings released: ₱0.019 loss per share (vs ₱0.002 loss in 2Q 2023) Second quarter 2024 results: ₱0.019 loss per share (further deteriorated from ₱0.002 loss in 2Q 2023). Net loss: ₱8.06m (loss widened 50% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 02
Full year 2023 earnings released: ₱0.01 loss per share (vs ₱0.015 loss in FY 2022) Full year 2023 results: ₱0.01 loss per share (improved from ₱0.015 loss in FY 2022). Net loss: ₱24.0m (loss narrowed 17% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. New Risk • Feb 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₱559.2m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 80% per year over the past 5 years. Revenue is less than US$1m (₱6.0m revenue, or US$107k). Market cap is less than US$10m (₱559.2m market cap, or US$9.98m). Minor Risk Significant insider selling over the past 3 months (₱75m sold). Tillkännagivande • Nov 21
Greenergy Holdings Incorporated Appoints Stephen Anthony T. Cuunjieng as Chairman of the Nomination Committee and the Corporate Governance Committee Greenergy Holdings Incorporated appointed Stephen Anthony T. CuUnjieng as Chairman of the Nomination Committee and the Corporate Governance Committee of the Company. Tillkännagivande • Sep 20
Greenergy Holdings Incorporated Announces Board Changes Greenergy Holdings Incorporated announced that at its Board of Directors meeting held on 18 September 2023, approved the Resignation of Atty. Martin C. Subido ("Atty. Subido") as Chairman of the Company effective immediately. Atty. Subido resigned due to personal reasons. He will remain as a Director of the Company; Appointment of Mr. Edgardo G. Lacson as Chairman of the Company effective 18 September 2023 to fill the vacancy created by the resignation of Atty. Subido; and Election of Mr. Stephen Anthony T. CuUnjieng as independent director of the Company effective 18 September 2023 to fill the vacancy created by the resignation of Ms. Maylyn Z. Dy. Mr. Stephen Anthony T. CuUnjieng ("Mr. CuUnjieng") is currently an independent director in various publicly-listed companies in the Philippines. He has over thirty (30)-year career in investment banking including serving as the Chairmanof Evercore Asia Ltd. and as a Senior Managing Director of a New York-based firm. Prior to serving as Chairman of Evercore Asia Ltd., he was also the Vice Chairman - ASEAN for Macquarie Capital Asia and a Senior Managing Directorof the said company. He also held Managing Director or Director level positions at Merrill Lynch, Salomon Brothers and Morgan Grenfell. Mr. CuUnjieng obtained his Bachelor of Arts degree and Juris Doctor from the Ateneo de Manila University. He also holds a Master of Business Administration in Finance from the Wharton School of Business of the University of Pennsylvania and is a Director of the School's Executive Advisory Board for Asia. He is also a member of the International Advisory Board of the New York Philharmonic. The election of Mr. CuUnjieng as Independent Director is subject to his acquisition of qualifying shares within five (5) days from the date of his election. Tillkännagivande • Sep 16
Greenergy Holdings Incorporated Announces Resignation of Maylyn Z. Dy as Independent Director Greenergy Holdings Incorporated announced that it received the resignation letter of Ms. Maylyn Z. Dy as independent director of the Company effective immediately. Ms. Dy resigned due to personal reasons. New Risk • Jul 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: Major Risks Earnings have declined by 60% per year over the past 5 years. Revenue is less than US$1m (₱25m revenue, or US$448k). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Significant insider selling over the past 3 months (₱20m sold). Market cap is less than US$100m (₱2.34b market cap, or US$42.2m). New Risk • Jul 04
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₱20m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 60% per year over the past 5 years. Revenue is less than US$1m (₱25m revenue, or US$450k). Minor Risks Significant insider selling over the past 3 months (₱20m sold). Market cap is less than US$100m (₱2.81b market cap, or US$50.9m). Tillkännagivande • May 25
Greenergy Holdings Incorporated, Annual General Meeting, Jun 29, 2023 Greenergy Holdings Incorporated, Annual General Meeting, Jun 29, 2023, at 13:30 China Standard Time. Location: Pulilan Bulacan Philippines Reported Earnings • May 09
Full year 2022 earnings released: ₱0.01 loss per share (vs ₱0.009 loss in FY 2021) Full year 2022 results: ₱0.01 loss per share (further deteriorated from ₱0.009 loss in FY 2021). Net loss: ₱28.9m (loss widened 85% from FY 2021). 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 5% per year, which means it is significantly lagging earnings. Tillkännagivande • May 06
Greenergy Holdings Incorporated Announces Resignation of Antonio L. Tiu as Director Greenergy Holdings Incorporated announced that it received the resignation letter of Antonio L. Tiu as Director of the Company, effective immediately. Mr. Tiu resigned due to personal reasons. Recent Insider Transactions • Apr 28
Chairman recently bought ₱1.5m worth of stock On the 24th of April, Antonio Tiu bought around 1m shares on-market at roughly ₱1.08 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 ₱7.3m. Antonio has been a buyer over the last 12 months, purchasing a net total of ₱4.0m worth in shares. Recent Insider Transactions • Apr 21
Chairman recently sold ₱1.5m worth of stock On the 14th of April, Antonio Tiu sold around 1m shares on-market at roughly ₱1.08 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 sale worth ₱4.2m. Despite the recent sale, Antonio has been a net buyer over the last 12 months, purchasing a net total of ₱2.5m worth of shares. Recent Insider Transactions • Mar 31
Chairman recently sold ₱4.0m worth of stock On the 23rd of March, Antonio Tiu sold around 4m shares on-market at roughly ₱1.07 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Antonio has been a net seller over the last 12 months, reducing personal holdings by ₱930k. Recent Insider Transactions • Mar 24
Chairman recently bought ₱2.7m worth of stock On the 17th of March, Antonio Tiu bought around 3m shares on-market at roughly ₱1.06 per share. This transaction amounted to 1.2% 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 buy, Antonio has been a net seller over the last 12 months, reducing personal holdings by ₱700k. Recent Insider Transactions • Mar 19
Chairman recently sold ₱3.4m worth of stock On the 13th of March, Antonio Tiu sold around 3m shares on-market at roughly ₱1.15 per share. This transaction amounted to 1.4% 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 Antonio's only on-market trade for the last 12 months. Recent Insider Transactions • Feb 15
Chairman recently bought ₱29m worth of stock On the 9th of February, Antonio Tiu bought around 22m shares on-market at roughly ₱1.30 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. This was Antonio's only on-market trade for the last 12 months. Tillkännagivande • Jan 14
Greenergy Holdings Incorporated Announces Executive Changes In the meeting of the Board of Directors of Greenergy Holdings Incorporated held on January 13, 2023, Creation of a Management Committee and appointment of Mr. Edgardo G. Lacson as Chairperson and Mr. Ferdinand T. Diaz and Atty. Daniel C. Subido as members; resignation of Mr. Kenneth S. Tan ("Mr. Tan") as Treasurer effective immediately. Mr. Tan resigned due to personal reasons. He will remain as Director of the Company; appointment of Mr. Ferdinand T. Diaz as the new Treasurer of the Company effective 12 January 2023 to fill the vacancy created by the resignation of Mr. Tan; resignation of Ms. Rosana C. Planco ("Ms. Planco") as Compliance Officer effective immediately. Ms. Planco resigned due to personal reasons; appointment of Mr. Jonathan G. Lu as the new Compliance Officer of the Company effective 12 January 2023 to fill the vacancy created by the resignation of Ms. Planco. Tillkännagivande • Nov 29
Greenergy Holdings Incorporated Announces Board Elections Greenergy Holdings Incorporated announced at annual general meeting held on November 25, 2022, the shareholders approved election of Mr. Edgardo G. Lacson, Mr. Ferdinand T. Diaz and Prof. Leonor M. Briones as Directors of the company. Mr. Edgardo G. Lacson is an Independent Director of Puregold Price Club Inc. and Global Ferronickel Holdings Inc. and a director of other companies. He is also currently the President of MIS Maritime Corporation, and the Chairman of Safe Seas Shipping Agency and Metrostores Inc. He is a Trustee of De La Salle University, Home Development Mutual Fund, ADR Institute Stratbase, and the Philippine Disaster Recovery Foundation. He is also a Trustee, Past President and Honorary Chairman of the Philippine Chamber of Commerce and Industry. He holds a Bachelor of Science in Commerce, Major in Accounting, from the De La Salle College. Mr. Ferdinand T. Diaz currently serves as the President of Metrostores Inc. and Green Fort Chemical Corporation. He is also the Vice Chairman of MIS Maritime Corporation and a Director of Safe Seas (Jetty Operations). He holds a Master of Philosophy in Urban Design and Regional Planning (Economics) from the University of Edinburgh, Scotland, and a Bachelor of Arts in Economics from the Ateneo de Manila University. Prof. Leonor M. Briones ("Prof. Briones") is a Professor Emeritus of the National College of Public Administration and Governance of the University of the Philippines. She previously served as the Secretary of Education from 1 July 2016 to 30 June 2022, leading the reformation of the education system through various programs and initiatives. Prof. Briones was also the Treasurer of the Philippines' Bureau of the Treasury from August 1998 to February 2001 and was concurrently the Presidential Adviser for Social Development with Cabinet Rank, Office of the President. Prof. Briones has received numerous awards in recognition of her sterling performance as a public official. Recently, she received the prestigious Lifetime Contributor Award for the Public Sector at the 12th Asia CEO Awards. The following were appointed as members of the various committees of the board if directors at organizational meeting of the board of directors: Nomination Committee: Edgardo G. Lacson as Chairman; Daniel C. Subido and Maylyn Z. Dy as members. Audit committee: Leonor M. Briones as Chairman; Edgardo G. Lacson and Maylyn Z. Dy as members. Corporate Governance Committee: Leonor M. Briones as Chairman; Edgardo G. Lacson and Maylyn Z. Dy as members. Reported Earnings • Nov 22
Third quarter 2022 earnings released Third quarter 2022 results: Net loss: ₱8.74m (loss widened 14% from 3Q 2021). 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. 5 experienced directors. 3 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Honorio Tan 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 • Aug 17
Second quarter 2022 earnings released Second quarter 2022 results: Net loss: ₱322.2k (loss widened 410% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 146 percentage points per year, which is a significant difference in performance. Reported Earnings • May 18
Full year 2021 earnings released: ₱0.01 loss per share (vs ₱0.017 loss in FY 2020) Full year 2021 results: ₱0.01 loss per share (up from ₱0.017 loss in FY 2020). Net loss: ₱15.7m (loss narrowed 46% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. 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. 7 non-independent directors. Independent Director Honorio Tan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 25
Greenergy Holdings Incorporated, Annual General Meeting, Jul 15, 2022 Greenergy Holdings Incorporated, Annual General Meeting, Jul 15, 2022. Reported Earnings • Nov 17
Third quarter 2021 earnings released Third quarter 2021 results: Net loss: ₱7.66m (loss widened 209% from 3Q 2020). Executive Departure • Aug 19
Corporate Information & Compliance Officer Sarah Jeane Cardona has left the company On the 10th of August, Sarah Jeane Cardona's tenure as Corporate Information & Compliance Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Sarah Jeane's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Aug 18
Second quarter 2021 earnings released Second quarter 2021 results: Net loss: ₱301.8k (loss narrowed 96% from 2Q 2020). Executive Departure • Mar 07
Comptroller, Data Protection Officer & Director has left the company On the 28th of February, Ciara Ong-Lim's tenure as Comptroller, Data Protection Officer & Director ended after less than a year in the role. As of December 2020, Ciara personally held only 1.00k shares (₱2.6k worth at the time). Ciara is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 17
New 90-day high: ₱3.99 The company is up 46% from its price of ₱2.73 on 19 November 2020. The Filipino market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ₱2.85 The company is up 17% from its price of ₱2.43 on 09 October 2020. The Filipino market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 24% over the same period. Recent Insider Transactions • Dec 12
Chairman recently bought ₱11m worth of stock On the 7th of December, Antonio Tiu bought around 4m shares on-market at roughly ₱2.50 per share. This was the largest purchase by an insider in the last 3 months. This was Antonio's only on-market trade for the last 12 months. Reported Earnings • Nov 15
Third quarter 2020 earnings released: ₱0.01 loss per share Third quarter 2020 results: Net loss: ₱2.48m (down 101% from profit in 3Q 2019). Is New 90 Day High Low • Nov 09
New 90-day high: ₱2.63 The company is up 56% from its price of ₱1.69 on 11 August 2020. The Filipino market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 21
New 90-day high: ₱2.56 The company is up 45% from its price of ₱1.76 on 23 July 2020. The Filipino market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 5.0% over the same period. Is New 90 Day High Low • Sep 29
New 90-day high: ₱2.23 The company is up 23% from its price of ₱1.81 on 01 July 2020. The Filipino market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 13% over the same period. 
