C02193-2024

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)
Apr 15, 2024
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

FY2023 FINANCIAL HIGHLIGHTS

• Net Income grew +23.25% year-on-year to P15.93 Billion
• Total Equity grew +15.88% year-on-year to P94.57 Billion
• Total Assets up +15.59% year-on-year to P181.24 Billion
• Net Debt-to-Equity ratio at 0.64x
(one of the lowest gross D/E ratios among Philippine listed companies)
• DD’s Balance Sheet is expected to further strengthen once the Hotel101 Global’s US NASDAQ listing is completed

Background/Description of the Disclosure

FY2023 FINANCIAL HIGHLIGHTS

• Net Income grew +23.25% year-on-year to P15.93 Billion
• Total Equity grew +15.88% year-on-year to P94.57 Billion
• Total Assets up +15.59% year-on-year to P181.24 Billion
• Net Debt-to-Equity ratio at 0.64x
(one of the lowest gross D/E ratios among Philippine listed companies)
• DD’s Balance Sheet is expected to further strengthen once the Hotel101 Global’s US NASDAQ listing is completed
• Hotel101 Global is set to be listed in NASDAQ with ticker HBNB, and the business merger/listing is expected to be completed by the 3rd quarter of this year 2024


DoubleDragon Corporation (the “Company” “DoubleDragon” or “DD”) reports Consolidated Net Income grew +23.25% year-on-year to P15.93 Billion for the year ending December 31, 2023, with Consolidated Revenues at P24.74 Billion for the same period.

Total Assets of the Company are up +15.59% year-on-year to P181.24 Billion as of December 31, 2023. Total Equity grew +15.88% year-on-year to P94.57 Billion as of December 31, 2023. DoubleDragon’s Debt-to-Equity ratio stood at a very healthy 0.64x as of December 31, 2023. The Company’s unutilized Debt Capacity stood at P157.08 Billion as of December 31, 2023.

Other Relevant Information

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Filed on behalf by:
Name Jose Roelph Desales
Designation Investor Relations Head