The Philippine Stock Exchange (PSE) has just reported a massive 57.5% increase in profits for 2024, reaching ₱1.21 billion—a big jump from ₱766.31 million in 2023! 🚀
📊 What Led to This Huge Profit Growth?
While PSE’s operating revenues remained steady at ₱1.40 billion, its expenses went up by 14.9% to ₱861.67 million due to:
✅ Higher depreciation costs
✅ Increased maintenance fees for trading, clearing, and settlement systems
But here’s the game-changer: Other income skyrocketed by 166%, from ₱314.37 million to ₱836.32 million! The biggest boost came from a ₱462.86 million remeasurement gain linked to PSE’s increased stake in Philippine Dealing System Holdings Corp. (PDS).
🏦 Why is the PDS Deal So Important?
PSE’s acquisition of a bigger share in PDS, the country’s bond and securities exchange, is a major strategic move. By December 2024, PSE expanded its stake in PDS, giving it greater control over the fixed income and depository markets.
🚀 As of February 24, 2025, PSE now owns 78.33% of PDS, up from its original 20.98% stake!
💡 What’s Next for PSE?
PSE President and CEO Ramon S. Monzon said that the focus is now on:
🔹 Seamlessly integrating PSE and PDS to maximize efficiency
🔹 Strengthening risk management in the market
🔹 Expanding the fixed income and depository businesses to attract more investors
This major expansion puts PSE in a stronger position to grow the Philippine financial markets and attract bigger investments in the future. 🚀
📢 What do you think about PSE’s massive growth? Will this boost investor confidence?
