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#FY2025UnauditedEarnings $PBB P1.9bn (+6%), 4Q P373mn vs (P18mn), -19% vs 3Q EPS P2.27, 3x

#FY2025UnauditedEarnings $CPG P2.77bn* (+14%), 4Q P665mn (-1% YoY, -25% vs 3Q) EPS P0.24, 3x *after tax

#FY2025UnauditedEarnings $REDC P330mn (+177%), 4Q P115.4mn (+1,628% YoY, +63% vs 3Q) EPS P0.51, 13x

#FY2025UnauditedEarnings $SGP P20.16bn (+156%), 4Q P8.73bn (+628% YoY, +412% vs 3Q) EPS P3.82, 6x

Storage capacity is 1mn barrels that would fuel warships & aircraft. Target operation is 2028, serving an alternative site to Subic and Manila.

US prepares fuel depot in Davao. US Defense Logistics Agency (DLA) issued a formal solicitation last 31 March, for US-based contractors to build & operate a Defense Fuel Support Point (DFSP) along the western coast of Davao Gulf.

Higher Jan-Feb remittances. BSP reported $2.79bn remittances in Feb. (+2.6% YoY). Including transfers made via informal channels, the data is at $3.1bn (+2.6%). This brought Jan-Feb. Remittances to $5.81bn (+3.1%).

Remolona said future policy decisions would center on tempering second-order effects.

BSP has option to tighten. BSP Gov. Remolona said they have room to tighten policies, but they would avoid any excessive tightening. BSP said government’s planned catch-up spending is seen to support the economy from sharper slowdown & BSP focus is to maintain price stability.

and deferment of agri loan payments for up to 1 year, subject to bank assessment. BSP also said for up to one year, loans to affected borrowers may be excluded from past due & non-performing loan classifications.

BSP provides relief measures on debt settlement. BSP approved MB Resolution 296, in line with the declaration of State of National Energy Emergency, that grants temporary grace periods of up to 6 months for loan payments of affected borrowers,

The move would boost non-fuel revenue streams to TOP & supports Uncle John’s provincial expansion strategy.

(full-service sites along key transport routes & high-traffic areas, with dedicated commercial spaces). TOP has 18 service stations & 32 more are under construction/renovation (seen to be completed end-2026).

Uncle John’s is $TOP's anchor tenant for prime stations. TOP partnered with RRHI, naming convenience store brand, Uncle John’s, as anchor tenant for all Tier-1 Light Fuels stations

For 2Q, CEB is taking on cautious & measured approach given volatile fuel prices. Focus will be on routes with stronger demand.

$CEB passengers for 1Q +8%. CEB’s March 2026 passengers rose 11.5% to 2.46mn, bringing 1Q26 total to 7.535mn (+8.4%). Domestic passengers for 1Q was +7.9%, international +9.8%. Seat load factor for 1Q fell to 83.7% (from 84.9%).

The P14bn mentioned in reports on planned capex pertains only at the parent company level.

$CLI embarks on P20bn consolidated capex for 2026. CLI clarified, that on consolidated basis, total planned capex for 2026 is P20bn, 63% of which are for project development, the balance for acquisitions & general requirements.

$CPG launched Cavite projects. CPG launched Cerulean Residences, its premium line on 25ha. master-planned project in Gen. Trias, Cavite. Also, PHirst unveiled PHirst Impressions Gen Tri, a 23.8ha. project that would have 1,500 homes with upgraded designs & larger lot cuts.

The San Benito undertaking covers roads, infra & vital township components with the 25ha in Lipa City, Batangas. San Benito is positioned as flagship model for future wellness-led communities worldwide.

$MEG starts land development for San Benito Private Estate; sets P65bn capex. MEG will start land development for San Benito Private Estate in the next few months. MEG allotted P12bn investment for this project & raised its planned capex for 2026 to P65bn.