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 13, 2023

2. SEC Identification Number

26986

3. BIR Tax Identification No.

000-846-618-000

4. Exact name of issuer as specified in its charter

D.M. WENCESLAO & ASSOCIATES, INCORPORATED

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

15th Floor, Aseana 3, D. Macapagal Blvd corner Asean Ave., Aseana City, Paranaque City Postal Code 1714

8. Issuer's telephone number, including area code

(632) 8854-5711

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

Not Applicable

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 Shares	3,395,864,100

11. Indicate the item numbers reported herein

Not applicable

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.

D.M. Wenceslao & Associates, IncorporatedDMW

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
DMW’s 9M2023 Net Income Reaches Php1.3 Billion on Robust Leasing Activities
Background/Description of the Disclosure
Paranaque City, Philippines, November 13, 2023 – D.M. Wenceslao and Associates, Inc.’s (DMW) 9M2023 net income reached Php1.3 billion, fueled by robust leasing operations. DMW’s net income reflects a 13% year-on-year growth from its 9M2022 ex- land sale net income of Php1.1 billion. Leasing revenues consisting of rentals from land, building, and other revenues including CUSA and parking fees surged 15% to Php1.8 billion, constituting 65% of total revenues. The growth was driven by strong take up in existing commercial buildings and bolstered by the successful opening of Parqal towards the end of September. Nestled in the heart of Aseana City, Parqal spans over 73,000sqms GLA and sits on five hectares of land stretching from Diokno Avenue to Macapagal Boulevard. The opening of Parqal increased DMW’s total building leasing space by 45% to 235,846sqms. Residential revenues improved to Php827 million on the back of continued construction progress. DMW maintained a net cash position of over Php2 billion. Current ratio remained high at 1.6x.
Other Relevant Information
“We’ve seen a significant upswing in leasing activities during the period. It is noteworthy that the rental earnings jump in our nine-month 2023 period does not yet fully reflect the upside from our mixed-use flagship project Parqal, which only opened in late September,” said Mr. Delfin Angelo ‘Buds’ Wenceslao, Chief Executive Officer. “As we look ahead, our outlook is optimistic, with leasing activities on the rise. Additionally, we anticipate a sustained ramp-up in foot-traffic as scheduled major store openings at Parqal unfold,” said Mr. Delfin Angelo ‘Buds’ Wenceslao, Chief Executive Officer.