C08155-2023

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)
Nov 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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

FIRST NINE MONTHS 2023 FINANCIAL HIGHLIGHTS

- Revenues grew +3.01% year-on-year to P6.15 Billion
- Net Income grew +0.68% year-on-year to P2.47 Billion
- Total Cash Position stands at P5.72 Billion
- Net Debt-to-Equity ratio at 0.71x, Total Equity now stands at P82.10 Billion (one of the lowest net D/E ratios among Philippine listed companies)
Background/Description of the Disclosure

- DoubleDragon’s nationwide Philippine portfolio of titled hard assets strategically located in Luzon, Visayas and Mindanao is expected to fully mature by 2025 and expected to exceed over P250 Billion in Hard Real Estate Asset Value by 2030 (excluding DoubleDragon’s overseas asset portfolio)


DoubleDragon Corporation (the “Company” or “DoubleDragon”) reports Consolidated Net Income +0.68% to P2.47 Billion for the first nine months ending September 30, 2023 as compared to the same period the prior year. Consolidated Revenues +3.01% at P6.15 Billion for the first nine months ending September 30, 2023 as compared to the same period the prior year.

Total Assets increased to P163.99 Billion in the first nine months ending September 30, 2023. Total Equity increased to P82.10 Billion in the first nine months ending September 30, 2023. DoubleDragon’s net Debt-to-Equity ratio continued to stay at a healthy 0.71x as of September 30, 2023. The Company’s unutilized Debt Capacity stood at P127.28 Billion as of September 30, 2023.
Other Relevant Information

DoubleDragon's Focus:

Strengthening the Base, Positioning Globally.

The DoubleDragon team has currently two specific and straightforward goals. Firstly for DoubleDragon's Philippine portfolio to fully mature and reach its optimal revenue generation level by 2025. And secondly, for DoubleDragon's Offshore Hotel101 Global portfolio to gain significant market grip overseas by 2025.

"Given that the world economy is getting more and more fragile and volatile, we deemed it imperative, that the only way to future-proof itself is to passionately pursue the target of DoubleDragon's revenues to be derived from geographically diversified sources, that eventually over the longterm, we aim that no single country will contribute over 10% of DD's revenue and income," said DoubleDragon Chairman Edgar Injap Sia II.
"But of course, your company DoubleDragon Corporation, will remain to be a deep rooted Filipino company at its core forever. And your DD team will never stop at any point, doing its unconditional responsibility, to continually be a significant contributor in Nation-Building, with our common goal towards a first world Philippines," added Mr. Sia.
Filed on behalf by:
Name Jose Roelph Desales
Designation Investor Relations Head