8990 : Annual Report

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-A, AS AMENDED ANNUAL REPORT PURSUANT TO SECTION 17
OF THE SECURITIES REGULATION CODE AND SECTION 141
OF THE CORPORATION CODE OF THE PHILIPPINES 1. For the fiscal year ended Dec 31, 20202. SEC Identification Number CS2005118163. BIR Tax Identification No. 239-508-223-0004. Exact name of issuer as specified in its charter 8990 HOLDINGS, INC.5. Province, country or other jurisdiction of incorporation or organization Metro, Manila Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 11F Liberty Center, 104 HV Dela Costa, Salcedo Village, Makati City, PhilippinesPostal Code12008. Issuer's telephone number, including area code (632)4789659/5333915/53339179. Former name or former address, and former fiscal year, if changed since last report N/A10. 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	5,517,990,720
Fixed Rate Bonds	594,410,000
Preferred Shares	87,000,000

11. Are any or all of registrant's securities listed on a Stock Exchange? Yes No If yes, state the name of such stock exchange and the classes of securities listed therein: Philippine Stock Exchange / Class of Security Listed: Common Shares & Preferred Shares12. Check whether the issuer:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17.1 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes No (b) has been subject to such filing requirements for the past ninety (90) days Yes No

13. State the aggregate market value of the voting stock held by non-affiliates of the registrant. The aggregate market value shall be computed by reference to the price at which the stock was sold, or the average bid and asked prices of such stock, as of a specified date within sixty (60) days prior to the date of filing. If a determination as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock held by non-affiliates may be calculated on the basis of assumptions reasonable under the circumstances, provided the assumptions are set forth in this Form

Php 45,468,243,532.8APPLICABLE ONLY TO ISSUERS INVOLVED IN INSOLVENCY SUSPENSION OF PAYMENTS PROCEEDINGS DURING THE PRECEDING FIVE YEARS

14. Check whether the issuer has filed all documents and reports required to be filed by Section 17 of the Code subsequent to the distribution of securities under a plan confirmed by a court or the Commission.

Yes No DOCUMENTS INCORPORATED BY REFERENCE 15. If any of the following documents are incorporated by reference, briefly describe them and identify the part of SEC Form 17-A into which the document is incorporated: (a) Any annual report to security holders N/A(b) Any information statement filed pursuant to SRC Rule 20 N/A(c) Any prospectus filed pursuant to SRC Rule 8.1 N/A

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.

8990 Holdings, Inc.HOUSE PSE Disclosure Form 17-1 - Annual Report References: SRC Rule 17 and
Section 17.2 and 17.8 of the Revised Disclosure Rules

For the fiscal year ended	Dec 31, 2020
Currency	PHP

Balance Sheet

Year Ending	Previous Year Ending
Dec 31, 2020	Dec 31, 2019
Current Assets	49,398,037,492	46,785,491,824
Total Assets	78,481,918,501	68,223,731,212
Current Liabilities	26,271,513,146	26,210,215,618
Total Liabilities	41,440,108,403	35,171,355,790
Retained Earnings/(Deficit)	23,182,957,409	18,652,388,503
Stockholders' Equity	37,041,810,098	33,052,375,422
Stockholders' Equity - Parent	37,041,810,098	33,052,375,422
Book Value Per Share	6.65	5.94

Income Statement

Year Ending	Previous Year Ending
Dec 31, 2020	Dec 31, 2019
Gross Revenue	14,233,534,297	15,400,509,930
Gross Expense	7,410,477,843	6,541,949,943
Non-Operating Income	1,640,642,757	1,593,979,602
Non-Operating Expense	3,513,912,331	4,292,532,027
Income/(Loss) Before Tax	4,949,786,878	6,160,007,562
Income Tax Expense	117,903,000	297,194,202
Net Income/(Loss) After Tax	4,831,883,878	5,862,813,360
Net Income/(Loss) Attributable to Parent Equity Holder	4,831,883,878	5,862,813,360
Earnings/(Loss) Per Share (Basic)	0.9	1.08
Earnings/(Loss) Per Share (Diluted)	0.9	1.08

Financial Ratios

Formula	Fiscal Year Ended	Previous Fiscal Year
Dec 31, 2020	Dec 31, 2019
Liquidity Analysis Ratios:
Current Ratio or Working Capital Ratio	Current Assets / Current Liabilities	1.88	1.79
Quick Ratio	(Current Assets - Inventory - Prepayments) / Current Liabilities	0.36	0.37
Solvency Ratio	Total Assets / Total Liabilities	1.89	1.94
Financial Leverage Ratios
Debt Ratio	Total Debt/Total Assets	0.53	0.52
Debt-to-Equity Ratio	Total Debt/Total Stockholders' Equity	1.12	1.06
Interest Coverage	Earnings Before Interest and Taxes (EBIT) / Interest Charges	2.96	3.82
Asset to Equity Ratio	Total Assets / Total Stockholders' Equity	2.12	2.06
Profitability Ratios
Gross Profit Margin	Sales - Cost of Goods Sold or Cost of Service / Sales	0.48	0.58
Net Profit Margin	Net Profit / Sales	0.34	0.38
Return on Assets	Net Income / Total Assets	0.06	0.09
Return on Equity	Net Income / Total Stockholders' Equity	0.13	0.18
Price/Earnings Ratio	Price Per Share / Earnings Per Common Share	9.5	14

Other Relevant Information

"During its special meeting held during the evening of 31 May 2022, the Board of Directors of the Company approved the reissuance of the Auditor's Report relating to the Company's Consolidated Audited Financial Statements (CAFS) for the year ended 31 December 2020. Said reissuance, which reflects certain prior period adjustments/restatements, is the result of, and is being made pursuant to, the recommendation of the SEC-OGA issued in the course of its review of the Registration Statement (RS) filed by the Company with the SEC on 21 February 2022. The RS relates to a proposed follow-on offering of up to 1,250,000,000 Common Shares with an Overallotment Option of up to 150,000,000 Common Shares. The aforesaid reissued Auditor's Report, together with the CAFS for the year ended 31 December 2020, were filed with the Securities and Exchange Commission immediately following aforesaid approval by the Board. The adjustments/restatement made consists of the following: 1. A revised Audit Opinion which sets forth and explains the restatement/reclassification of accounts made in 2019 and found in Note 32.4 (Restatement/Reclassification); 2. Revisions to Note 1.3 Approval of the Consolidated Financial Statements to cover the Board's approval on 31 May 2022 of the amended CAFS; and 3. The inclusion of an additional discussion about the nature of restatement/reclassification adjustments in Note 32.4 (Restatement/Reclassifications in the 2020 Consolidated Financial Statements). Other than the foregoing, no changes were made to the account titles and corresponding balances of the 2020 CAFS. Following approval by the PSE of the filing of the reissued Auditor's Report, together with the 2020 CAFS, the Company intends to publish a Notice to sufficiently apprise the public and other stakeholders of such filing."

Filed on behalf by:

Name	Tracy Ilagan
Designation	Investor Relations Officer