C06356-2023

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)
Aug 14, 2023
2. SEC Identification Number
CS200930125
3. BIR Tax Identification No.
281-768-124-000
4. Exact name of issuer as specified in its charter
MerryMart Consumer Corp.
5. Province, country or other jurisdiction of incorporation
Republic of the Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
9th Floor Tower 1 DoubleDragon Plaza, DD Meridian Park, Macapagal Ave. cor. Edsa Extension, Bay Area, Pasay City, Philippines Postal Code 1302
8. Issuer's telephone number, including area code
+63287431111
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 7,594,936,709
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.

MerryMart Consumer Corp.MM

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

1H 2023 FINANCIAL HIGHLIGHTS

- Revenues grew +29.0% year-on-year to P3.71 Billion
- Net Income grew +24.8% year-on-year to P40.24 Million
- Total Cash position stands as P2.503 Billion
Background/Description of the Disclosure

MerryMart Consumer Corp. (the “Company” or “MerryMart”) reports Revenues increasing +29.0% year-on-year to P3.71 Billion for the first six months ending June 30, 2023. Net Income up +24.8% to P40.24 Million for the first six months ending June 30, 2023.

Total Assets of the Company are up +36.67% year-on-year to P11.53 Billion as of June 30, 2023.

MerryMart Wholesale’s super App has shown exponential growth in sales month-on-month since it launched less than one year ago. To date, there are already close to 170,000 registered users and we believe that MM Wholesale is the future of wholesaling, with its state of the art fully integrated App giving customers live inventory of over 8,000 grocery products.

Majority of our customers are hard-working sari-sari store owners that are struggling to compete against highly capitalized retailers that are entering their neighborhoods. With little capital to upgrade their store fronts, they are losing their market share. As such MerryMart has recently launched the MM Wholesale Ka-Barangay Mini-Mart program that will enable them to transform their sari-sari stores into mini-marts.

“In addition to assisting them transform their sari-sari stores to become mini-marts, the program includes a financial literacy and other business educational courses so that the store owners can enhance their skills to better manage and operate their mini-marts which is expected to significantly increase their overall household income. Since July 2023, the Ka- Barangay Mini-Mart program is now processing more than 1,000 sari-sari store owners. We are truly fortunate that we are able to grow our business simultaneous to creating a meaningful positive social impact in the various communities we serve,” said MerryMart Chairman Edgar “Injap” Sia II.

MerryMart Group's various formats are MerryMart Express, MerryMart Market, MerryMart Grocery, and MerryMart Wholesale. MerryMart’s subsidiary MM Consumer Technologies Corp. with MBOX Smart Lockers is the first in its consumer technology portfolio that is expected to add and complement to the ecosystem of the MerryMart Group.

MerryMart has set its Vision 2030 with the goal to generate P120 Billion in systemwide recurring consumer sales revenue.
Other Relevant Information

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Filed on behalf by:
Name Jose Roelph Desales
Designation Assistant Corporate Secretary