PHINMA Corp. posted an attributable net income of P306.19 million for the first nine months of 2026, with its education business offsetting losses in the conglomerate's construction materials and property segments.

The listed Philippine company booked consolidated net income of P1.16 billion on revenues of P15.18 billion for the January-to-September period, operating amid inflationary pressures, elevated interest rates, and the depreciation of the peso. The gap between the consolidated result and the smaller attributable figure reflects earnings belonging to non-controlling partners in the group's subsidiaries.

"Over the past few years, PHINMA has made significant investments to strengthen our businesses and expand our ability to serve more Filipinos. As these investments come to fruition, our focus is increasingly on execution — ensuring that the capacity we have built translates into stronger performance and greater impact," PHINMA Chairman and Chief Executive Officer Ramon R. del Rosario, Jr. said in a statement on Monday.

The company did not disclose comparative figures for the same period last year in its announcement.

Education Drives Profit

PHINMA Education Holdings, Inc. delivered consolidated net income of P1.94 billion on revenues of P6.07 billion for the nine-month period. Enrollment for the first semester of school year 2026-2027 reached approximately 190,000 students across its schools in the Philippines and Indonesia. Among the segments disclosed in the report, education is the group's largest earnings contributor — the business where the investments del Rosario described are most visible, with revenues tied to student enrollment rather than to the construction activity the company described as subdued.

Construction Materials Segment in the Red

The construction materials segment recorded a combined net loss of P105.35 million despite generating P7.66 billion in revenues — roughly half of the group's P15.18-billion total, a scale that makes the unit's trajectory one of the more consequential items in the conglomerate's results. The segment comprises Union Galvasteel Corp., Philcement Corp., Union Insulated Panel Corp., and PHINMA Solar Energy Corp.

PHINMA attributed the segment's performance to subdued construction activity and weather-related disruptions.

"In response to subdued construction activity and weather-related disruptions, the segment pursued operational improvements to establish a more efficient platform for future growth, complemented by strategic capacity investments," the company said. Without year-earlier figures in the announcement, the effect of those improvements and capacity investments will only become measurable in future disclosures.

Property Loss, Hospitality Gains

PHINMA Property Holdings Corp. reported a net loss of P525.44 million on revenues of P782.94 million — the largest segment-level loss disclosed in the report.

The company's hospitality businesses, by contrast, posted combined net income of P25.08 million on revenues of P483.10 million.

"Healthy domestic tourism activity and consistent corporate demand across the hotels supported the segment's performance despite uncertainty in the broader travel environment arising from geopolitical developments," PHINMA said. — Ashley Erika O. Jose