Education arm helps stop Phinma’s losses

Phinma Corp.’s education unit helped stop the financial bleeding that the group recorded in the first semester.

In the first nine months this year, Phinma said it posted a net income of P376.04 million.

Meanwhile, net loss attributable to equity holders of the parent stood at P216.45 million.

Consolidated revenues reached P16.31 billion.

This was all thanks to its education business, Phinma Education, which realized an all-time high in enrollment figures. For the first semester of school year 2025 to 2026, the group said it had welcomed 177,851 students.

Phinma Education’s consolidated profit stood at P1.42 billion while its top line hit P5.27 billion.

“Our sustained success in education, reflected in rising enrollment numbers, demonstrates the power of collaboration with partners who share our values and long-term vision,” Phinma chair and CEO Ramon del Rosario Jr. said.

In August, the unit also received a financial boost amounting to P825 million from Rise Edu Pte. Ltd. It is an investment vehicle of funds managed by Kaizenvest (Kaizenvest III). This formed part of its P4.5-billion investment deal finalized early last year.

See Also

SMC pioneers share swap deal, raises P48.86B

Phinma’s construction materials group generated P9.47 billion in revenues. However, the unit logged P122.09 million losses due to weaker demand and more expensive production.

Despite its negative earnings, the group hopes the unit will regain its footing, as it pursues expansion while implementing tighter spending controls.

Likewise, Phinma Property Holdings Corp. reported a net loss of P484.22 million, putting the blame on “lingering headwinds” in Metro Manila.