PSE Net Income Rise 5% in Q1 2025

The Philippine Stock Exchange, Inc. (PSE) registered a 5.1 percent uptick in its net income for the first three months of 2025 to P254.67 million from P242.38 million in the same period last year.

PSE’s financial performance this quarter takes into account its acquisition of additional shares in Philippine Dealing System Holdings Corporation (PDS). At the end of March 2025, PSE’s equity interest in PDS was at 79.9 percent from its original 20.98 percent stake.

The company’s operating revenues surged by 82.7 percent to P645.49 million from P353.34 million. This was driven by an increase in trading- and listing-related revenues of 83.8 percent to P222.60 million and 49.2 percent to P171.19 million, respectively. Trading-related revenues were boosted by the consolidation of transaction revenues from the Philippine Dealing & Exchange Corp and the Philippine Depository & Trust Corp. (PDTC) as well as the 5.1 percent increase in trading value in the equities market.  

Meanwhile, revenues from additional listings and a higher cap on listing maintenance contributed to gains in listing-related revenues. Additionally, depository securities account fees from PDTC contributed P139.28 million to the overall increase in revenues.

Total operating expenses went up by 93.8 percent to P339.14 million from P174.99 million on the consolidation of PDS costs. Despite the increase in expenses, operating income rose by 71.8 percent to P306.35 million from P178.35 million in the same quarter last year.

PSE’s net income was curbed by a decline in other income which registered a decrease of 73.2 percent to P32.23 million from P120.17 million on lower returns from financial assets amid market volatility.

“The acquisition of PDS gives us another stable revenue source. But more than the consolidation of PDS numbers into PSE’s financial performance, this integration has always been intended to introduce synergies between the two exchanges to enhance the domestic capital market infrastructure,” PSE President and Chief Executive Officer Ramon S. Monzon said.

As of May 15, 2025, PSE’s shareholdings in PDS stood at 91.6 percent.

The PDS acquisition forms part of PSE’s three-year strategic agenda that seeks to provide investors with an integrated facility to trade fixed income, equities and other products under a unified marketplace.

In the first quarter, PSE staged the inaugural InvestPH conference. The event, aimed at promoting the Philippines as an investment destination, drew over 300 participants, mostly domestic and foreign institutional investors, fund managers, and executives of publicly listed companies. The Exchange also launched premium subscription services for its PSE EQUIP mobile application, a platform that provides access to real-time stock market information.

This month, PSE is set to introduce the new version of the PSE EASy mobile app. Aside from share subscription during initial public offerings and follow-on offerings, payment for subscribed shares can also be done through the platform via online payment channels. Account registration in PSE EASy is free but the Local Small Investor creating an account should already have a stock market account with a PSE-accredited stock brokerage firm.

Both PSE EASy and PSE EQUIP mobile applications can be downloaded through AppStore and Google Play.