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
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, PhilippinesPostal Code1302
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 4-30 - 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
9MOS 2023 FINANCIAL HIGHLIGHTS
• Revenues grew +27.0% year-on-year to P5.79 Billion • Net Income grew +19.5% year-on-year to P50.76 Million • Total Assets now stands at P10.95 Billion • MerryMart Wholesale’s super App registered users increased more than 10,000 additional new wholesale customers in just the past 30 days • Total MM Wholesale’s App registered users now stands at over 190,000
Background/Description of the Disclosure
• MerryMart in the 3rd quarter of 2023 has accelerated its logistics infrastructure expansion to cope up with the rapid sales growth on its business segments • MerryMart in the the 3rd quarter of 2023 has doubled its delivery fleet to support the significant growth of its Wholesale business and in preparation for the upcoming additional new Distribution Centers • MerryMart Group maintained its dominant market share in Capiz Province while it continues to gain significant market traction in the neighboring areas • MerryMart Group Total Nationwide Branch Network now stands at 119 branches
MerryMart Consumer Corp. (the “Company” or “MerryMart”) reports Revenues increasing +27.0% year-on-year to P5.79 Billion for the first nine months ending September 30, 2023. Net Income up +19.5% to P50.76 Million for the first nine months ending September 30, 2023. Total Assets of the Company are up +29.8% year-on-year to P10.95 Billion as of September 30, 2023. MerryMart is continuously expanding its brick and mortar stores as well as focusing on further enhancements in MerryMart Wholesale’s super App which is seeing an exponential growth in registered users to over 190,000 registered users today with over 14,000 grocery products to choose from.
“As we enter the busiest season of the year for the Retail Industry, we maintain our focus in strengthening the backbone of our business operations as we enhance and further automate our supply chain. We look forward to rolling out more distribution centers across the country in the coming months to expand the service areas of MerryMart Wholesale as well as support the continuous opening of our brick and mortar retail stores nationwide,” 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 of a total of 1,200 branches nationwide aims to generate P120 Billion in systemwide recurring consumer sales revenues.
MerryMart Consumer Corp.MM