New Risk • Jun 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₱568.4m (US$9.21m) 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 Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (₱568.4m market cap, or US$9.21m). Minor Risk Large one-off items impacting financial results. Duyuru • May 25
Manila Bulletin Publishing Corporation, Annual General Meeting, Jul 09, 2026 Manila Bulletin Publishing Corporation, Annual General Meeting, Jul 09, 2026, at 10:00 W. Australia Standard Time. Reported Earnings • May 18
First quarter 2026 earnings released: EPS: ₱0.001 (vs ₱0.001 in 1Q 2025) First quarter 2026 results: EPS: ₱0.001 (in line with 1Q 2025). Revenue: ₱135.4m (down 1.9% from 1Q 2025). Net income: ₱1.65m (down 60% from 1Q 2025). Profit margin: 1.2% (down from 3.0% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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). Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (₱727.9m market cap, or US$11.8m). New Risk • Mar 30
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 8.5% 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 Market cap is less than US$10m (₱443.7m market cap, or US$7.30m). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). Board Change • Mar 30
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. 7 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Juan De Zuniga was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Mar 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₱589.2m (US$9.95m) 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 Risk Market cap is less than US$10m (₱589.2m market cap, or US$9.95m). Minor Risk Profit margins are more than 30% lower than last year (1.2% net profit margin). New Risk • Nov 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₱582.3m (US$9.89m) 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 Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (₱582.3m market cap, or US$9.89m). Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin). Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: ₱0.001 (vs ₱0.003 in 3Q 2024) Third quarter 2025 results: EPS: ₱0.001 (down from ₱0.003 in 3Q 2024). Revenue: ₱150.5m (up 12% from 3Q 2024). Net income: ₱2.64m (down 70% from 3Q 2024). Profit margin: 1.8% (down from 6.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. New Risk • Sep 05
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 8.3% 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: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (₱606.6m market cap, or US$10.7m). Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: ₱0.001 (vs ₱0 in 2Q 2024) Second quarter 2025 results: EPS: ₱0.001 (up from ₱0 in 2Q 2024). Revenue: ₱140.2m (down 5.4% from 2Q 2024). Net income: ₱3.21m (up ₱3.03m from 2Q 2024). Profit margin: 2.3% (up from 0.1% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year. Board Change • Aug 05
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. 7 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Juan De Zuniga was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Jun 02
Manila Bulletin Publishing Corporation, Annual General Meeting, Jul 10, 2025 Manila Bulletin Publishing Corporation, Annual General Meeting, Jul 10, 2025, at 10:00 W. Australia Standard Time. Reported Earnings • Apr 30
Full year 2024 earnings released: EPS: ₱0.004 (vs ₱0.018 in FY 2023) Full year 2024 results: EPS: ₱0.004 (down from ₱0.018 in FY 2023). Revenue: ₱635.0m (down 9.7% from FY 2023). Net income: ₱12.8m (down 79% from FY 2023). Profit margin: 2.0% (down from 8.7% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. New Risk • Apr 30
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: 2.0% Last year net profit margin: 8.7% 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 Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (₱693.2m market cap, or US$12.4m). New Risk • Apr 04
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 9.7% 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 Share price has been volatile over the past 3 months (9.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₱724.4m market cap, or US$12.7m). Board Change • Mar 10
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. 3 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Juan De Zuniga was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 06
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. 3 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Juan De Zuniga was the last independent director to join the board, commencing their role in 2020. 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 15
Third quarter 2024 earnings released: EPS: ₱0.003 (vs ₱0.001 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.003 (up from ₱0.001 in 3Q 2023). Revenue: ₱161.2m (down 12% from 3Q 2023). Net income: ₱8.71m (up 106% from 3Q 2023). Profit margin: 5.4% (up from 2.3% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ₱0 (vs ₱0.001 in 2Q 2023) Second quarter 2024 results: EPS: ₱0 (down from ₱0.001 in 2Q 2023). Revenue: ₱164.7m (down 17% from 2Q 2023). Net income: ₱176.6k (down 96% from 2Q 2023). Profit margin: 0.1% (down from 2.0% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. New Risk • Aug 07
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 13% 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 (13% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₱818.0m market cap, or US$14.2m). New Risk • May 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₱727.9m market cap, or US$12.6m). Duyuru • May 18
Manila Bulletin Publishing Corporation, Annual General Meeting, Jul 11, 2024 Manila Bulletin Publishing Corporation, Annual General Meeting, Jul 11, 2024, at 10:00 W. Australia Standard Time. Location: ter date), Philippines Reported Earnings • Apr 25
Full year 2023 earnings released: EPS: ₱0.018 (vs ₱0.013 in FY 2022) Full year 2023 results: EPS: ₱0.018 (up from ₱0.013 in FY 2022). Revenue: ₱703.2m (down 6.0% from FY 2022). Net income: ₱60.9m (up 35% from FY 2022). Profit margin: 8.7% (up from 6.0% in FY 2022). The increase in margin was driven by lower expenses. 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 25% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ₱0.001 (vs ₱0.001 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.001 (in line with 3Q 2022). Revenue: ₱197.5m (flat on 3Q 2022). Net income: ₱4.24m (up 3.6% from 3Q 2022). Profit margin: 2.1% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: ₱0.001 (vs ₱0.001 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.001 (in line with 2Q 2022). Revenue: ₱209.0m (up 6.6% from 2Q 2022). Net income: ₱4.02m (flat on 2Q 2022). Profit margin: 1.9% (down from 2.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Duyuru • Jul 14
Manila Bulletin Publishing Corporation Approves the Appointment of Herminio B. Coloma, Jr. as Director Manila Bulletin Publishing Corporation at its annual stockholder meeting held on July 13, 2023, approved the appointment of Sec. Herminio B. Coloma, Jr, (Ret.) as Director. Duyuru • May 26
Manila Bulletin Publishing Corporation, Annual General Meeting, Jul 13, 2023 Manila Bulletin Publishing Corporation, Annual General Meeting, Jul 13, 2023, at 10:00 Singapore Standard Time. Location: Manila Bulletin Building, Muralla corner Recoletos Streets, Intramuros, Manila Philippines Agenda: To approve the Minutes of the Annual Stockholders' Meeting held on July 14, 2022; to consider report of the President for the year 2022; to consider ratification of all acts, resolutions and transactions of the Board of Directors and the Management for the year 2022; to consider re-appointment of Aquino Mata Calica & Associates as External Auditor; and to transact such other business matter. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: ₱0.013 (vs ₱0.006 in FY 2021) Full year 2022 results: EPS: ₱0.013 (up from ₱0.006 in FY 2021). Revenue: ₱748.4m (up 1.6% from FY 2021). Net income: ₱45.2m (up 114% from FY 2021). Profit margin: 6.0% (up from 2.9% in FY 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Nov 24
Manila Bulletin Publishing Corporation Accepts Retirement of Ms. Maebel P. Nadres as Assistant Treasurer Manila Bulletin Publishing Corporation announced that at its board meeting held on November 24, 2022, accepted the notice of retirement of Ms. MaeBel P. Nadres as Assistant Treasurer, effective November 24, 2022. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Juan De Zuniga 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 20
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ₱229.8m (up 19% from 2Q 2021). Net income: ₱4.01m (up 136% from 2Q 2021). Profit margin: 1.7% (up from 0.9% in 2Q 2021). Duyuru • May 29
Manila Bulletin Publishing Corporation, Annual General Meeting, Jul 14, 2022 Manila Bulletin Publishing Corporation, Annual General Meeting, Jul 14, 2022, at 10:00 Singapore Standard Time. Location: Manila Bulletin Building, Muralla corner Recoletos Streets, Intramuros Manilla Philippines Agenda: To consider call to order; to proof of notice and certification of quorum; to reading and approval of the minutes of the annual stockholders' meeting on August 12,2021; to report of the president for the year 2021; to ratification of all acts, resolutions and transactions of the board of directors and the management for the year 2021; to appointment of external auditor; to election of board of directors for 2022- 2023; to consider other matter. Reported Earnings • May 18
Full year 2021 earnings released: EPS: ₱0.006 (vs ₱0.005 in FY 2020) Full year 2021 results: EPS: ₱0.006 (up from ₱0.005 in FY 2020). Revenue: ₱736.5m (down 15% from FY 2020). Net income: ₱21.2m (up 21% from FY 2020). Profit margin: 2.9% (up from 2.0% in FY 2020). The increase in margin was driven by lower expenses. 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 11% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Juan De Zuniga 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. Duyuru • Feb 03
Manila Bulletin Publishing Corporation Approves Appointment of Mr. Ruben Y. Bulaong as Senior Assistant Vice President for Advertising The boar of directors of Manila Bulletin Publishing Corporation, at its regular meeting last January 27, 2022 approved the appointment of Mr. Ruben Y. Bulaong as Senior Assistant Vice President for Advertising, effective February 2, 2022. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS ₱0.001 (vs ₱0.002 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₱214.6m (up 33% from 3Q 2020). Net income: ₱2.76m (down 54% from 3Q 2020). Profit margin: 1.3% (down from 3.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Jun 19
First quarter 2021 earnings released: EPS ₱0.001 (vs ₱0.002 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₱248.9m (down 38% from 1Q 2020). Net income: ₱2.04m (down 65% from 1Q 2020). Profit margin: 0.8% (down from 1.4% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Executive Departure • May 01
Corporate Counsel & Director has left the company On the 22nd of April, Francis Gaw's tenure as Corporate Counsel & Director ended after 6.8 years in the role. As of December 2020, Francis personally held only 68.34k shares (₱30k worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • Apr 13
Editor-In-Chief & Director has left the company On the 5th of April, Crispulo Icban's tenure as Editor-In-Chief & Director ended after 11.7 years in the role. As of December 2020, Crispulo personally held only 72.72k shares (₱32k worth at the time). Crispulo is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Mar 10
New 90-day low: ₱0.42 The company is down 1.0% from its price of ₱0.43 on 10 December 2020. The Filipino market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: ₱0.53 The company is up 34% from its price of ₱0.40 on 16 October 2020. The Filipino market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: ₱0.46 The company is up 14% from its price of ₱0.41 on 16 September 2020. The Filipino market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 30% over the same period. Reported Earnings • Nov 22
Third quarter 2020 earnings released: EPS ₱0.002 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ₱161.9m (down 61% from 3Q 2019). Net income: ₱5.94m (up 1.1% from 3Q 2019). Profit margin: 3.7% (up from 1.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% 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. Is New 90 Day High Low • Nov 21
New 90-day high: ₱0.43 The company is up 10.0% from its price of ₱0.40 on 20 August 2020. The Filipino market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 21% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS ₱0.002 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ₱170.0m (down 59% from 3Q 2019). Net income: ₱5.94m (up 1.1% from 3Q 2019). Profit margin: 3.5% (up from 1.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.