SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Aug 14, 2023

2. SEC Identification Number

30354

3. BIR Tax Identification No.

287191423000

4. Exact name of issuer as specified in its charter

DoubleDragon Corporation

5. Province, country or other jurisdiction of incorporation

Republic of the Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

DD Meridian Park Bay Area Brgy 76 Zone10, San Rafael, Pasay City, Metro Manila, Philippines Postal Code 1302

8. Issuer's telephone number, including area code

+63288567111

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	2,345,028,600
Preferred	100,000,000
Total Debt (In Millions of Pesos)	56,047.60

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

DoubleDragon CorporationDD

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
FIRST HALF 2023 FINANCIAL HIGHLIGHTS • Rental Income grew +20.22% year-on-year to P1.95 Billion • Revenues grew +15.62% year-on-year to P3.94 Billion • Net Income grew year-on-year to P1.60 Billion • Total Equity grew year-on-year to P81.64 Billion • Total Cash Position stands at P6.54 Billion • Net Debt-to-Equity ratio at 0.68x (one of the lowest net D/E ratios among Philippine listed companies)
Background/Description of the Disclosure
DoubleDragon Corporation (the “Company” or “DoubleDragon”) reports Consolidated Net Income of P1.60 Billion for the first six months ending June 30, 2023. Consolidated Revenues +15.62% at P3.94 Billion for the first six months ending June 30, 2023 as compared to the same period the prior year. Rental Income +20.22% at P1.95 Billion for the first six months ending June 30, 2023 as compared to the same period the prior year as traffic volume has significantly improved across the Company’s leasing portfolio. Total Assets increased to P162.98 Billion in the first six months ending June 30, 2023. Total Equity increased to P81.64 Billion in the first six months ending June 30, 2023. DoubleDragon’s net Debt-to-Equity ratio continued to stay at a healthy 0.68x as of June 30, 2023. The Company’s unutilized Debt Capacity stood at P127.88 Billion as of June 30, 2023. DoubleDragon during its IPO in 2014 has set its vision to achieve 1 Million square meters of leasable space. As of today, the Company has already exceeded that target and now has built and completed a strong diversified portfolio of 1.29 Million of recurring-revenue GFA portfolio. The next phase of DoubleDragon’s vision to further grow its portfolio targeting 3 Million square meters of recurring-revenue generating GFA portfolio by 2030.
Other Relevant Information
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