AllHome Corp. Turns in P5.6 Billion Revenue for H1-2024, P282.4 Million in NIAT

​AllHome, the Phiippines’ pioneering one-stop full line home center reported P5.6 billion in revenue at the close of the first half of 2024. In its disclosure to the PSE, the home retail chain also reported net income of P282.4 million.

“Notable in AllHome’s performance is the stable contribution from its core categories—furniture and appliances, allowing us to deliver sustained value for our stakeholders,” says Benjamarie Therese Serrano, AllHome President and CEO.

Serrano also reiterated AllHome’s commitment extracting more value out of operational efficiencies. “We will continue to lean into the implementation of efficiency initiatives in service of our bottomline. We fully intend to run a tight ship in AllHome in service of delivering better value for our stakeholders,” she said.

On AllHome’s performance, Chief Operating Officer Salie Coloma pointed to chain’s core businesses as a key performance driver.

“AllHome’s H1-2024, with note on 2Q2024, saw brisk sales of cooling appliances—an uptick of 11%. These continue to offset a slower than expected completion of most construction activities of the AllHome market base, a factor in the lower turnover of units for the half, affecting AllHome’s offering of finishing materials, tiles & sanitary wares,” said Coloma. In its 2Q2024 Metro Manila Residential Report, Colliers indicated increased turnover of units for H2-2024, although the same period will be met with a softer condominium sales market in Metro Manila.