March 2020 Vol. XIV, No. 1 Top 50 Companies - Net Income Page 1 Net Income2 1Q 2020 vs. Revenues Stockholders' Rank Rank Company Assets Liabilities ROA ROE4 EPS BV Company1 Sector 1Q 2020 1Q 2019 1Q 2020 Equity3 1Q 2020 1Q 2019 Code (%) (%) (in PHP) (in PHP) (in mil PHP) % change (in mil PHP) (in million pesos) 1 1 SM Investments Corporation SM Hldg 9,007.28 (15.74) 111,917.59 1,154,722.34 616,488.20 538,234.14 3.71 11.26 35.60 316.30 2 2 BDO Unibank, Inc. BDO Fin'l 8,766.00 (10.21) 55,785.00 3,286,810.00 2,914,594.00 372,216.00 1.31 11.66 9.86 84.56 3 3 SM Prime Holdings, Inc. SMPH Prop 8,320.17 (5.41) 26,444.66 688,663.95 386,049.40 302,614.55 5.46 12.50 1.30 10.42 4 4 Ayala Corporation AC Hldg 6,661.37 (17.05) 63,066.52 1,365,383.65 851,178.43 514,205.21 2.48 10.20 54.22 531.41 5 8 Globe Telecom, Inc. GLO Svcs 6,581.20 (2.25) 41,703.01 318,175.17 233,585.28 84,589.89 6.95 26.19 166.04 633.91 6 9 Bank of the Philippine Islands BPI Fin'l 6,385.04 (5.02) 32,593.41 2,191,755.75 1,915,627.58 276,128.17 1.30 10.44 6.31 60.42 7 14 LT Group, Inc. LTG Hldg 6,212.56 40.50 30,967.28 1,215,177.58 965,188.79 249,988.79 2.05 13.71 2.30 16.79 8 7 Metropolitan Bank & Trust Company MBT Fin'l 6,122.00 (9.34) 35,210.00 2,376,664.00 2,063,006.00 313,658.00 1.15 9.00 6.10 67.71 9 10 PLDT Inc. TEL Svcs 5,912.00 (11.87) 43,646.00 545,352.00 432,323.00 113,029.00 3.98 19.98 100.55 503.21 10 5 Ayala Land, Inc. ALI Prop 4,321.48 (40.98) 28,402.77 716,678.28 473,761.08 242,917.20 4.21 14.36 2.05 14.29 11 18 San Miguel Food and Beverage, Inc. FB Ind'l 3,658.00 (3.61) 69,304.00 263,891.00 135,432.00 128,459.00 6.87 22.47 3.07 13.66 12 17 Megaworld Corporation MEG Prop 3,506.99 (8.58) 15,081.03 358,117.66 150,158.66 207,959.00 4.92 9.71 0.55 5.63 13 16 First Gen Corporation FGEN Ind'l 3,325.44 (21.68) 24,741.54 268,245.82 131,924.03 136,321.78 5.38 12.94 4.01 30.98 14 20 First Philippine Holdings Corporation FPH Ind'l 3,199.00 (14.90) 30,774.00 375,568.00 196,011.00 179,557.00 3.20 11.59 23.64 203.99 15 39 Robinsons Land Corporation RLC Prop 3,161.87 71.84 11,603.98 194,243.56 90,736.92 103,506.64 5.15 9.75 1.93 19.76 16 19 International Container Terminal Services, Inc. ICT Svcs 3,041.34 (19.79) 21,537.61 287,512.78 212,555.64 74,957.14 1.55 6.75 2.22 32.93 17 27 Filinvest Development Corporation FDC Hldg 2,988.24 7.80 20,547.76 642,065.42 506,080.26 135,985.16 1.90 11.79 1.41 11.95 18 15 Alliance Global Group, Inc. AGI Hldg 2,960.47 (31.98) 38,033.96 648,193.38 348,111.46 300,081.92 2.52 8.99 1.66 18.50 19 30 Security Bank Corporation SECB Fin'l 2,888.54 21.29 16,650.29 784,389.76 664,434.95 119,954.81 1.35 8.84 14.08 159.18 20 35 Union Bank of the Philippines UBP Fin'l 2,641.52 21.64 12,721.70 754,774.63 659,149.79 95,624.84 1.92 15.27 11.90 77.90 21 13 Manila Electric Company MER Ind'l 2,619.00 (53.82) 71,396.00 374,520.00 299,223.00 75,297.00 5.40 27.25 17.95 65.87 22 24 GT Capital Holdings, Inc. GTCAP Hldg 2,544.00 (25.68) 39,019.00 364,955.00 176,924.00 188,031.00 5.32 11.07 90.25 815.01 23 29 Vista Land & Lifescapes, Inc. VLL Prop 2,337.00 (8.06) 10,265.00 276,481.00 174,092.00 102,389.00 4.00 11.06 0.87 7.87 24 46 Rizal Commercial Banking Corporation RCB Fin'l 2,308.00 76.86 13,205.00 715,322.00 630,614.00 84,708.00 0.89 7.55 3.30 43.75 25 47 East West Banking Corporation EW Fin'l 2,254.26 74.72 11,209.60 384,135.70 332,963.40 51,172.30 1.88 14.08 3.20 22.74 26 38 China Banking Corporation CHIB Fin'l 2,217.40 19.33 13,454.94 984,224.73 887,420.05 96,804.69 1.06 10.77 3.88 36.04 27 21 Aboitiz Power Corporation AP Ind'l 2,059.75 (43.19) 28,745.13 418,680.73 292,493.52 126,187.20 3.76 13.27 2.14 16.14 28 23 Aboitiz Equity Ventures, Inc. AEV Hldg 2,028.01 (42.45) 50,771.18 621,705.98 410,817.41 210,888.57 3.30 12.05 3.65 30.28 29 26 Universal Robina Corporation URC Ind'l 1,986.47 (34.61) 33,565.61 169,446.59 76,193.55 93,253.04 5.15 10.05 3.96 39.37 30 11 JG Summit Holdings, Inc. JGS Hldg 1,902.66 (70.53) 68,223.61 937,849.99 524,682.08 413,167.91 2.85 8.65 3.73 43.15 31 22 Metro Pacific Investments Corporation MPI Hldg 1,890.00 (46.64) 30,785.00 612,577.00 369,429.00 243,148.00 3.62 11.94 0.71 5.93 32 43 Puregold Price Club, Inc. PGOLD Svcs 1,763.40 16.81 41,831.41 107,311.18 43,648.43 63,662.75 6.55 11.04 2.44 22.07 33 41 Emperador Inc. EMP Ind'l 1,457.47 (16.13) 10,657.59 118,155.11 52,860.03 65,295.08 5.45 9.95 0.40 4.07 34 6 Cosco Capital, Inc. COSCO Hldg 1,413.98 (79.35) 44,074.37 153,318.84 49,163.97 104,154.87 4.02 8.68 0.86 9.86 35 34 Bloomberry Resorts Corporation BLOOM Svcs 1,376.55 (37.75) 9,511.68 128,332.60 86,192.51 42,140.09 7.11 21.62 0.83 3.84 36 40 Filinvest Land, Inc. FLI Prop 1,348.89 (24.80) 5,148.63 177,115.37 103,539.96 73,575.42 3.30 7.97 0.24 3.02 37 49 8990 Holdings, Inc. HOUSE Prop 1,320.97 12.14 3,721.57 72,342.41 38,729.10 33,613.31 7.91 17.02 1.06 6.23 38 37 Philippine National Bank PNB Fin'l 1,317.66 (29.77) 16,649.92 1,091,291.07 939,032.99 152,258.08 0.84 6.11 5.98 97.88 39 48 Manila Water Company, Inc. MWC Ind'l 1,278.50 3.67 7,685.83 138,961.93 81,777.49 57,184.44 3.99 9.91 2.68 27.09 40 36 Semirara Mining and Power Corporation SCC Min&Oil 1,191.68 (43.06) 7,443.04 71,954.37 31,839.98 40,114.39 12.20 21.88 2.07 9.44 41 42 Eagle Cement Corporation EAGLE Ind'l 1,189.33 (25.22) 4,657.23 49,906.27 11,432.71 38,473.56 11.25 14.59 1.12 7.69 42 52 Asia United Bank Corporation AUB Fin'l 1,183.00 7.37 3,984.40 273,839.01 239,955.64 33,883.37 1.65 13.42 9.33 69.53 43 32 Lopez Holdings Corporation LPZ Hldg 1,156.00 (49.54) 30,677.00 395,405.00 196,318.00 199,087.00 1.06 6.06 0.92 15.22 44 55 Century Pacific Food, Inc. CNPF Ind'l 1,038.21 31.00 12,149.51 34,544.20 14,351.58 20,192.62 9.83 16.81 0.96 5.70 45 63 Robinsons Retail Holdings, Inc. RRHI Svcs 922.83 44.98 41,036.98 129,543.42 52,307.97 77,235.45 3.25 5.78 2.67 46.17 46 62 Vistamalls, Inc. STR Prop 755.00 15.98 2,098.00 71,009.00 44,188.00 26,821.00 3.85 10.25 0.32 3.16 47 65 Shang Properties, Inc. SHNG Prop 674.19 12.02 2,306.14 62,211.44 20,435.75 41,775.69 4.49 7.84 0.59 7.48 48 58 Rockwell Land Corporation ROCK Prop 654.00 (8.91) 3,300.00 62,900.00 37,924.00 24,976.00 4.60 13.28 0.47 3.56 49 61 Philippine Savings Bank PSB Fin'l 646.23 (5.07) 5,167.03 240,327.54 205,540.78 34,786.76 1.25 8.61 7.01 81.49 50 28 DMCI Holdings, Inc.