Financials Bank of the Philippine Islands

Equities

BPI

PHY0967S1694

Banks

Delayed Philippines S.E. Other stock markets 10:59:50 2026-02-12 pm EST			5-day change	1st Jan Change
117.60 ^PHP	+0.34%		+0.43%	+1.29%

Feb. 12	Bank of the Philippine Islands Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2025	CI
Feb. 11	Bank of the Philippine Islands, Q4 2025 Earnings Call, Feb 11, 2026

Projected Income Statement: Bank of the Philippine Islands

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	101,900	97,400	118,525	138,321	170,100	195,300	208,617	227,991
Change	-	-4.42%	21.69%	16.7%	22.97%	14.81%	6.82%	9.29%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	53,769	46,672	60,535	69,211	86,300	103,170	111,992	121,408
Change	-	-13.2%	29.7%	14.33%	24.69%	19.55%	8.55%	8.41%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	25,769	33,537	51,368	65,211	79,740	85,420	91,360	98,764
Change	-	30.14%	53.17%	26.95%	22.28%	7.12%	6.95%	8.1%
Net income ¹	21,400	23,880	39,600	51,687	62,000	66,620	71,690	76,991
Change	-	11.59%	65.83%	30.52%	19.95%	7.45%	7.61%	7.39%
Announcement Date	1/28/21	1/31/22	2/3/23	3/7/24	2/3/25	2/2/26	-	-

¹PHP in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	24,020	24,300	23,811	23,500	25,800	25,360	32,300	29,800	31,067	31,700	33,900	35,286	37,448	39,500	41,700	44,600	44,300	44,700	47,850	49,750	53,000	52,999	53,702	54,681	55,828	53,629	54,855	56,695
Change	-	1.17%	-2.01%	-1.31%	9.79%	-1.71%	27.37%	-7.74%	4.25%	2.04%	6.94%	4.09%	6.13%	5.48%	5.57%	6.95%	-0.67%	0.9%	7.05%	3.97%	6.53%	-0%	1.33%	1.82%	2.1%	-3.94%	2.29%	3.35%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	12,486	11,535	11,150	11,539	12,774	19,020	-	-	-	17,546	18,053	16,962	21,510	21,412	23,496	19,900	24,400	25,400	27,024	26,340	30,671	29,007	29,656	26,547	-	-	-
Change	-	-	-7.62%	-3.33%	3.49%	10.71%	48.89%	-	-	-	-	2.89%	-6.04%	26.81%	-0.46%	9.73%	-15.3%	22.61%	4.1%	6.39%	-2.53%	16.44%	-5.43%	2.24%	-10.48%	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	5,438	8,886	8,633	7,363	8,656	10,274	16,520	13,075	11,501	15,650	16,546	17,053	15,962	20,010	19,890	21,696	18,140	21,400	21,150	22,524	20,340	22,358	21,168	21,770	19,783	24,806	23,694	24,419
Change	-	63.41%	-2.84%	-14.72%	17.56%	18.7%	60.79%	-20.86%	-12.04%	36.08%	5.73%	3.06%	-6.4%	25.36%	-0.6%	9.08%	-16.39%	17.97%	-1.17%	6.5%	-9.7%	9.92%	-5.32%	2.85%	-9.13%	25.39%	-4.48%	3.06%
Net income ¹	4,200	5,000	6,800	5,680	6,400	7,984	12,500	10,100	9,100	12,100	13,000	13,500	13,067	15,300	15,302	17,400	14,100	16,600	16,320	17,580	16,130	17,359	16,431	16,901	15,351	19,269	18,402	18,967
Change	-	19.05%	36%	-16.47%	12.68%	24.74%	56.57%	-19.2%	-9.9%	32.97%	7.44%	3.85%	-3.21%	17.09%	0.01%	13.71%	-18.97%	17.73%	-1.69%	7.72%	-8.25%	7.62%	-5.35%	2.86%	-9.17%	25.52%	-4.5%	3.07%
Announcement Date	1/28/21	4/22/21	7/22/21	10/20/21	1/31/22	5/16/22	7/21/22	10/19/22	2/3/23	4/19/23	7/20/23	10/19/23	3/7/24	4/22/24	7/18/24	10/17/24	2/3/25	4/21/25	7/24/25	10/16/25	2/2/26	-	-	-	-	-	-	-

¹PHP in Million

Estimates

Fiscal Period: December	2025 S1
Net sales	-
Change	-
EBITDA	-
Change	-
EBIT ¹	49,810
Change	-
Charge d'intérêts	-
Earnings before Tax (EBT)	-
Change	-
Net income ¹	32,960
Change	-
Announcement Date	7/24/25

¹PHP in Million

Estimates

Forecast Balance Sheet: Bank of the Philippine Islands

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	1/28/21	1/31/22	2/3/23	3/7/24	2/3/25	2/2/26	-	-

Estimates

Cash Flow Forecast: Bank of the Philippine Islands

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	13,400	768	4,806	1,657	4,778	3,416
Change	-	-94.27%	525.78%	-65.52%	188.35%	-28.51%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	3/6/20	3/8/21	3/21/22	3/2/23	3/6/24	3/11/25

¹PHP in Million

Estimates

Forecast Financial Ratios: Bank of the Philippine Islands

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	52.77%	47.92%	51.07%	50.04%	50.73%	52.83%	53.68%	53.25%
EBT Margin (%)	-	25.29%	34.43%	43.34%	47.14%	46.88%	43.74%	43.79%	43.32%
Net margin (%)	-	21%	24.52%	33.41%	37.37%	36.45%	34.11%	34.36%	33.77%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.96%	1.1%	1.59%	1.93%	2%	2%	1.84%	1.84%
ROE	-	7.79%	8.4%	13.14%	15.35%	15.1%	14.5%	14.33%	14.27%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	1.652	1.652	1.946	3.36	3.96	4.483	4.958	5.319
Change	-	-	0%	17.78%	72.7%	17.86%	13.21%	10.61%	7.26%
Book Value Per Share ¹	-	56.91	59.59	64.61	72.23	81.65	89.66	99.55	107.7
Change	-	-	4.72%	8.42%	11.8%	13.04%	9.81%	11.03%	8.21%
EPS ¹	-	4.35	4.855	8.058	10.9	11.78	12.62	13.65	14.71
Change	-	-	11.6%	65.97%	35.27%	8.07%	7.13%	9.05%	7.7%
Nbr of stocks (in thousands)	-	4,917,654	4,917,683	4,917,683	4,945,197	5,272,095	5,283,794	5,283,794	5,283,794
Announcement Date	-	1/28/21	1/31/22	2/3/23	3/7/24	2/3/25	2/2/26	-	-