New Risk • May 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 10% 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Revenue is less than US$1m (₱24m revenue, or US$398k). Minor Risk Market cap is less than US$100m (₱966.4m market cap, or US$16.0m). Reported Earnings • Apr 22
Full year 2025 earnings released: ₱0.003 loss per share (vs ₱0.061 profit in FY 2024) Full year 2025 results: ₱0.003 loss per share (down from ₱0.061 profit in FY 2024). Net loss: ₱11.1m (down 106% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 92% 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 • Oct 29
Third quarter 2025 earnings released: EPS: ₱0 (vs ₱0 in 3Q 2024) Third quarter 2025 results: EPS: ₱0 (in line with 3Q 2024). Net loss: ₱1.49m (down 412% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Sep 10
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 9.0% 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 Revenue is less than US$1m (₱30m revenue, or US$518k). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₱835.4m market cap, or US$14.6m). Reported Earnings • Aug 05
Second quarter 2025 earnings released: EPS: ₱0 (vs ₱0 in 2Q 2024) Second quarter 2025 results: EPS: ₱0 (in line with 2Q 2024). Net loss: ₱942.8k (loss widened ₱868.0k from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 139% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Jun 11
Wellex Industries, Incorporated, Annual General Meeting, Jul 21, 2025 Wellex Industries, Incorporated, Annual General Meeting, Jul 21, 2025, at 10:00 W. Australia Standard Time. Duyuru • Jun 09
Wellex Industries, Incorporated Announces Resignation of Kenneth T. Gatchalian, Director and President, Effective June 30, 2025 Wellex Industries, Incorporated announced that on June 9, 2025, the company received the resignation letter of Mr. Kenneth T. Gatchalian, director and president, effective June 30, 2025. Duyuru • Apr 25
Wellex Industries, Incorporated Auditor Raises 'Going Concern' Doubt Wellex Industries, Incorporated filed its Annual on Apr 23, 2025 for the period ending Dec 31, 2024. In this report its auditor, Diaz Murillo Dalupan and Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • Apr 24
Full year 2024 earnings released: EPS: ₱0.061 (vs ₱0.001 in FY 2023) Full year 2024 results: EPS: ₱0.061 (up from ₱0.001 in FY 2023). Net income: ₱199.0m (up ₱195.3m from FY 2023). Over the last 3 years on average, earnings per share has increased by 159% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Apr 02
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 9.2% 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 Revenue is less than US$1m (₱33m revenue, or US$571k). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₱753.5m market cap, or US$13.2m). New Risk • Jan 28
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 7.6% 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 Revenue is less than US$1m (₱33m revenue, or US$559k). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₱753.5m market cap, or US$12.9m). Board Change • Jan 07
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. 4 experienced directors. 6 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Sergio Antonio Ortiz-Luis was the last independent director to join the board, commencing their role in 2024. 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 06
Third quarter 2024 earnings released: EPS: ₱0 (vs ₱0 in 3Q 2023) Third quarter 2024 results: EPS: ₱0 (in line with 3Q 2023). Revenue: ₱7.08m (up 3.5% from 3Q 2023). Net income: ₱477.5k (up 33% from 3Q 2023). Profit margin: 6.7% (up from 5.3% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: ₱0 (vs ₱0.001 loss in 2Q 2023) Second quarter 2024 results: EPS: ₱0 (improved from ₱0.001 loss in 2Q 2023). Revenue: ₱9.02m (up 65% from 2Q 2023). Net loss: ₱74.8k (loss narrowed 96% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. New Risk • May 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 361% 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: Major Risk Revenue is less than US$1m (₱26m revenue, or US$448k). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₱933.7m market cap, or US$16.2m). Reported Earnings • Apr 27
Full year 2023 earnings released: EPS: ₱0.001 (vs ₱0.001 loss in FY 2022) Full year 2023 results: EPS: ₱0.001 (up from ₱0.001 loss in FY 2022). Revenue: ₱25.7m (up 28% from FY 2022). Net income: ₱3.61m (up ₱6.32m from FY 2022). Profit margin: 14% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Duyuru • Apr 14
Wellex Industries, Incorporated, Annual General Meeting, Jul 24, 2024 Wellex Industries, Incorporated, Annual General Meeting, Jul 24, 2024, at 10:00 Singapore Standard Time. Duyuru • Feb 06
Wellex Industries, Incorporated Elects Sergio Antonio S. Ortiz-Luis as an Independent Director on January 31, 2024, Wellex Industries, Incorporated announced that Mr. Sergio R. Ortiz Luis Jr., Has Tendered His Resignation as Director of the Company and for This Purpose to Fill in Vancancy, the Board Elected Sergio Antonio S. Ortiz-Luis as an Independent Director, effective from February 05, 2024. Duyuru • Feb 01
Wellex Industries, Incorporated Announces Resignation of Sergio R. Ortiz-Luis, Jr., Regular Director, Effective from January 31, 2024 Wellex Industries, Incorporated announced the resignation of Sergio R. Ortiz-Luis, Jr., Regular Director. Effective Date of Resignation/Cessation of term is January 31, 2024. Reason(s) for Resignation/Cessation: Professional and Personal reason. Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: ₱0 (vs ₱0 in 3Q 2022) Third quarter 2023 results: EPS: ₱0 (in line with 3Q 2022). Revenue: ₱6.84m (up 41% from 3Q 2022). Net income: ₱359.6k (up ₱1.48m from 3Q 2022). Profit margin: 5.3% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Jul 26
Second quarter 2023 earnings released: ₱0.001 loss per share (vs ₱0.001 loss in 2Q 2022) Second quarter 2023 results: ₱0.001 loss per share (in line with 2Q 2022). Net loss: ₱1.94m (loss narrowed 22% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 23
Wellex Industries, Incorporated, Annual General Meeting, Oct 01, 2023 Wellex Industries, Incorporated, Annual General Meeting, Oct 01, 2023. Reported Earnings • May 04
Full year 2022 earnings released: ₱0.001 loss per share (vs ₱0.001 loss in FY 2021) Full year 2022 results: ₱0.001 loss per share (in line with FY 2021). Net loss: ₱2.71m (loss narrowed 23% from FY 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: ₱0 (vs ₱0.001 loss in 3Q 2021) Third quarter 2022 results: EPS: ₱0 (improved from ₱0.001 loss in 3Q 2021). Net loss: ₱1.13m (loss narrowed 47% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 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. 7 non-independent directors. Lead Independent Director Renato Francisco was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Aug 22
Wellex Industries, Incorporated, Annual General Meeting, Oct 04, 2022 Wellex Industries, Incorporated, Annual General Meeting, Oct 04, 2022, at 10:00 Singapore Standard Time. Agenda: To consider the Certification of Notice and Quorum; to consider the Approval of the Minutes of the Previous Stockholders' Meeting for the year 2021; to consider the President's Report to the Stockholders for the Year 2021 and Approval of the Annual Report; to consider the Ratifications of the Acts of the Board and Management; to consider the Election of the Board of Directors to Serve for the Term 2022-2023; to consider the Appointment of External Auditor for the year 2023; to consider the Appointment of External Counsel for the year 2023; and to discuss other matters. Reported Earnings • Aug 17
Second quarter 2022 earnings released: ₱0.001 loss per share (vs ₱0.001 loss in 2Q 2021) Second quarter 2022 results: ₱0.001 loss per share (vs ₱0.001 loss in 2Q 2021). Net loss: ₱2.50m (loss narrowed 16% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2021 earnings released: ₱0.001 loss per share (vs ₱0.011 profit in FY 2020) Full year 2021 results: ₱0.001 loss per share (down from ₱0.011 profit in FY 2020). Net loss: ₱3.53m (down 110% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 7 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Ruben Torres was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Feb 22
Wellex Industries, Incorporated Announces Corporate Secretary and Compliance Officer Changes Wellex Industries, Incorporated at its Board meeting held on February 18, 2022, the majority of the Board of Directors accepted the resignation of Mariel L. Francisco Corporate Secretary and Compliance Officer for Anti-Money Laundering Council. On the said meeting, the Board appointed Amando J. Ponsaran, Jr. as Corporate Secretary and Compliance Officer for Anti-Money Laundering Council, effective February 19, 2022. Reported Earnings • Aug 19
Second quarter 2021 earnings released: ₱0.001 loss per share (vs ₱0.001 loss in 2Q 2020) Second quarter 2021 results: Net loss: ₱2.98m (loss narrowed 14% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Executive Departure • Apr 01
Director has left the company On the 25th of March, James Palit-Ang's tenure as Director ended after 4.4 years in the role. As of December 2020, James personally held only 100.00 shares (₱22.0 worth at the time). James 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: ₱0.26 The company is up 7.0% from its price of ₱0.24 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 Real Estate industry, which is flat over the same period. Is New 90 Day High Low • Oct 30
New 90-day high: ₱0.22 The company is up 22% from its price of ₱0.18 on 30 July 2020. The Filipino market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. 