Alsons Consolidated Resources Inc., the listed company of the Alcantara Group, said Friday its net income dipped slightly to P472 million in the first quarter of 2025 from P479 million year-on-year due to higher finance costs and administrative expenses.
Net income attributable to the parent company stood at P137 million during the period, down from P150 million in the same period last year.
“We are optimistic that our performance will return to its upward trajectory, and we are confident that we will surpass our 2024 results,” said Alsons deputy chief financial officer Philip Edward Sagun in a statement to the stock exchange.
Gross profit was higher at P1.1 billion, compared to P894 million the previous year, indicating enhanced cost efficiency and consistent revenue growth. Gross profit margin held steady at 37 percent, showing an improvement from 34 percent in the first quarter of 2024.
Revenues increased 14 percent to P2.99 billion from P2.62 billion in the same period last year.
