The Philippine Stock Exchange (PSE) posted a net income of P1.21 billion in 2024, up 57.5 percent from P766.31 million a year earlier.
Operating revenues were steady at P1.40 billion in the period, it reported on Monday
“The Exchange’s other income, on the other hand, surged by 166.0 percent from P314.37 million to P836.32 million,” the exchange said.
This was made possible by a reevaluation of previously held equity interest of P462.86 million, coming from the consolidation of additional equity in the Philippine Dealing System Holdings Corp. (PDS).
The PSE has bought a substantial amount of equity in PDS as of end-December 2024.
Despite a 14.9 percent increase in expenses to P861.67 million from P750.22 million, traced to higher depreciation and maintenance fees for the trading and clearing and settlement systems, the PSE’s post-acquisition objectives regarding the PDS will focus on a seamless integration of both entities “to fully realize the synergies, efficiencies and risk management benefits,” the exchange said.
“The three-year strategic plan we laid out last year included the acquisition of PDS, which should provide a significant boost to our market development initiatives and bottom line,” Ramon Monzon, PSE chief executive officer, said.
“We will also continue to pursue and complete the initiatives that PDS has already started on the fixed income and depository businesses to further expand investor participation and protection in our market,” he added.
As of Feb 24, 2025, PSE’s ownership in PDS stood at 78.33 percent, up from its original equity interest of 20.98 percent.
