C01939-2024

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 4, 2024
2. SEC Identification Number
19073
3. BIR Tax Identification No.
000-288-698-000
4. Exact name of issuer as specified in its charter
First Philippine Holdings Corporation
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
6th Floor Rockwell Business Center Tower 3, Ortigas Ave., Pasig City Postal Code 1604
8. Issuer's telephone number, including area code
02-8631-8024
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 463,586,091
11. Indicate the item numbers reported herein
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.

First Philippine Holdings CorporationFPH

PSE Disclosure Form ETF-12- Material Information/Transactions Reference: Section 6 of the Rules on Exchange Traded Funds

Subject of the Disclosure

Audited Parent and Consolidated Financial Statements as of and for the year ended 2023

Background/Description of the Disclosure

At its meeting held earlier today, the board of directors of First Philippine Holdings Corporation (FPH) approved the Audited Parent and Consolidated Financial Statements as of and for the year ended 2023.

For the year ended December 31, 2023, the consolidated net income attributable to First Philippine Holdings Corporation (FPH) grew by Php2.4 billion or 19%, from Php12.7 billion in 2022 to Php15.1 billion, driven by the stronger operating results of the FPH Group's power generation and real estate segments. The corresponding Recurring Net Income (RNI) attributable to FPH likewise increased by Php1.0 billion or 8%, from Php12.8 billion to Php13.8 billion, reflecting the growth in attributable net income, adjusted for the one-off gains and losses that mostly pertain to proceeds from construction delays and insurance claims, and foreign exchange-related movements.

FPH Group's total revenues declined by Php5.4 billion or 3%, from Php170.3 billion in 2022 to Php164.9 billion in 2023. The slight downturn was mainly caused by the lower pass-through fuel revenues of the First Gen group, tempered by the: (1) improved sales bookings and construction completion of residential development projects under Rockwell Land;, (2) upswing of revenues from the industrial leasing and water utilities businesses of First Philippine Industrial Park and commercial leasing segment of Rockwell Land; and (3) stable earnings from distribution transformers sold and higher sales from the New Business products of First Philec.

Other Relevant Information

N/A

Filed on behalf by:
Name Aaron Jason Tirona
Designation Stockholder Relations Officer