Link: https://links.sgx.com/1.0.0/corporate-announcements/2A39IO7YNVVFOLWW/5683b8861bf4892ca9571711b5b3aa86d11410ee60fefee666ed881e0d944ce4

Summary:

• Total revenue for the nine months to September 30, 2025 edged up 0.5% to ₱361.0 million as higher room and food & beverage sales offset a 19.7% drop in rental income due to the casino tenant’s departure.

• Room revenue increased 3.7% thanks to higher average rates from newly renovated guest floors; F&B revenue rose 9.5%, buoyed by banqueting and Riviera restaurant performance.

• Operating expenses grew 6.3% year-on-year, driven by wage hikes and higher utility costs, cutting into profitability.

• Net income after tax decreased to ₱24.9 million from ₱31.6 million in the prior period, reflecting operating cost pressures and reduced rental earnings.

• Q3 saw strong recovery, with quarterly net income surging to ₱52.5 million, up nearly eightfold compared to Q3 2024, supported by higher rental income and non-operating gains from forfeited casino premises.

• Liquidity improved as current liabilities dropped 9%; debt-to-equity ratio down to 0.49, reflecting better leverage and resilience following guest room upgrades.

• No material contingencies or off-balance sheet risks reported; the corporation continues defending against legacy tax claims with recent Supreme Court rulings in its favor.