PSE net income up 57.5% in 2024

The Philippine Stock Exchange Inc. (PSE) reported a 57.5% growth in its profits for 2024, following the consolidation of the stake it purchased in Philippine Dealing System Holdings Corp. (PDS).

In a statement released Monday, PSE said its net profit jumped to P1.21 billion from P766.31 million, even as operating revenues were flat at P1.40 billion and expenses increased by 14.9% to P861.67 million due to depreciation and maintenance fees.

The higher profit was driven by the increase in the Exchange’s other income, which surged by 166% to P836.32 million from P314.37 million, on gains on re-measurement of previously held P426.86-million equity interest from the consolidation of its additional stake in PDS.

To recall, the local bourse operator inked a deal to acquire 3.87 million shares in PDS or an additional 61.92% for P3.75 billion. Its ownership in PDS stood at 78.33% as of February 24, 2025, up from its original equity interest of 20.98%.

“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,” PSE president and chief executive officer Ramon Monzon said.

“Our post-acquisition objectives will be focused on the seamless integration of both entities to fully realize the synergies, efficiencies, and risk management benefits. 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. — BM, GMA Integrated News