THE Philippine Stock Exchange, Inc. (PSE) posted a 25-percent increase in first half net income to P495.7 million, driven by the acquisition of a controlling interest in Philippine Dealing System Holdings Corp. (PDSHC).
In a disclosure on Monday, the operator of the country’s equities bourse attributed the increase to higher trading-related and listing-related fees that rose by P233.9 million and P36.7 million, respectively.
The rise was largely attributed to transaction fees from PDSHC’s subsidiaries while listing-related revenues were bolstered by a 57-percent rise in additional listing fees and a 43-percent increase in listing maintenance charges.
Depository securities account fees from Philippine Depository & Trust Corp. also added P282.4 million.
The gains, however, were partially offset by a 70-percent surge in total expenses and a 58-percent decline in other income, which the PSE said was mainly due to foreign exchange losses amid market volatility and interest expenses from loans payable.
In the same period last year, the PSE recognized income from PDSHC as an associate company. Following the acquisition of additional stakes between Dec. 27, 2024, and June 30, 2025, PDSHC is now treated as a subsidiary and the PSE no longer records equity income from it.
As of May 31, the PSE had acquired a 92.06 percent beneficial ownership in the PDS Group, PSE President and CEO Ramon Monzon said during the weekend.
He said the Development Bank of the Philippines and Land Bank of the Philippines had agreed to sell their shares, but were still securing approvals from the Commission on Audit and the Governance Commission for state-owned firms.
“We’re following up with them regularly. There’s been no change, as far as I know, in their decision to sell,” Monzon told reporters on Saturday.
He also noted that two or three small foreign banks had opted not to sell their stakes due to the minimal size of their holdings and the complexity of regulatory approvals in their home jurisdictions.
“[T]hese three banks, they’re less than 1 percent of our PDS group,” Monzon said.
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