DISCLOSURES
LATEST DISCLOSURE
March 31, 2025
Management's Discussion and Analysis of Financial Condition or Results of Operation
The financial results for the first three (3) months of 2025 of Philippine Realty and Holdings Corporation (interchangeably referred to by its PSE trading symbol “RLT” or “Parent Company” or as the “RLT Group” or “Group”) reflected a consolidated net loss after tax of ₱55 million. But in spite of this, the Group still maintained acceptable and very conservative liquidity and solvency ratios.
GDP Growth
The country’s gross domestic product (GDP) growth rate for the first quarter of 2025 was 5.4% up from the 5.3% growth rate recorded in the fourth quarter of 2024.
All major economic sectors, namely Agriculture, Forestry, and Fishing, Industry, and Services posted year-on-year growths in the first quarter of 2025 of 2.2 percent, 4.5 percent, and 6.3 percent, respectively.
Government Borrowings
As of March 2025, the outstanding debt of the National Government (NG) reached ₱16.68 trillion, 11.7% higher compared to ₱14.93 trillion in the same period last year. Of the total NG debt stock, 68.20%, was sourced domestically, while 31.8% came from external borrowings.
Finance Secretary Ralph G. Recto downplayed the government’s increasing debt, stating, “There is nothing inherently wrong with a country having debts.” “As long as the money is used for the right purposes such as growing the economy, which in turn, creates more jobs, increases income, and provides more revenues for the government.”
Debt-to-GDP Ratio
Latest data from the Bureau of the Treasury (BTr) showed that the NG’s debt-to-GDP ratio was at 62% as of end-March 2025. The latest debt-to-GDP ratio went up from 60.7% in the fourth quarter of 2024 and from 60.1% in the same period a year ago.
This was a result of the continued rise in the government’s outstanding debt, which reached ₱16.683 trillion as of the end of the first quarter, up by 11.78% year-on-year from ₱14.925 trillion. Some economists think that the current high debt-to-GDP ratio shows that much of the government’s reforms and programs, partially financed by debt, are not producing the desired results as expected.
The Marcos administration inherited a large debt due to the pandemic, amounting to approximately ₱12.79 trillion, but it has already made improvements to the country’s debt statistics by reducing the NG debt-to-GDP ratio to 60.7% as of end-2024.
The current debt-to-GDP ratio is also above the internationally accepted threshold of 60%, which is generally considered fiscally responsible.
Inflation
The Philippine Statistics Authority (PSA) reported that the inflation rate for March 2025 eased to 1.8% from 2.1% in February 2025. March 2025’s inflation rate showed a drop from the same month in 2024 which was at 3.7%. The national average inflation rate from January to March 2025, according to the PSA, is 2.2%.
SEC FILINGS 2025
- Philippine Realty and Holdings Corporation_SEC Form 17A CY2024
- Certification of Independent Director CY2025- Alfonso Eizmendi
- Certification of Independent Director CY2025- Jomark Arollado
- Certification of Independent Director CY2025- Renato Nuñez
- RLT 1Q 2025 SEC 17Q
- RLT_SEC 17Q 3rd Quarter 2024
- SEC Form 17-L CY2024 Request for extension
- RLT_SEC 17Q 3rd Quarter 2024
- RLT_SEC-17Q 2nd Quarter 2024
- RLT_General Information Sheet CY2024
- RLT_SEC Form 17-C-Result of ASM 2024
- RLT_SEC Form 17-C-Result of Organizational Meeting 2024
- RLT _SEC Form I-ACGR_CY2023
- SEC Form 17-C-Formation of a Subsidiary
- RLT_SEC Form 20IS - Preliminary_22May2024
- RLT_SEC 17Q 1stQ 2024
- RLT Annual Report _SEC Form 17-A 2023
- RLT_SEC 17-C_BoD Approval on extension of Lead ID
- RLT_SEC Form 17-L_CY2024
- RLT 17C Annual Stockholders Meeting
- RLT_SEC 17Q 3rdQ 2023
- SEC Form 17-C Approval by PBCOM of Term Loan
- RLT_SEC 17Q 2ndQ 2023
- RLT_General Information Sheet (GIS) 2023
- SEC 17-C Results of ASM
- SEC 17-C Promotion, and Change in Designation
- SEC 17-C Corporate Officers, Board and Management Committees
- RLT_SEC-Form-I-ACGR-CY2022_29May2023
- RLT_SEC 20IS Preliminary_24May2023
- RLT_SEC 17Q 3rdQ 2022
- RLT SEC 17A Annual Report
- SEC Form 17-C Promotion and Change of Designation of Officer
- SEC Form 17-C Amendment of By-Laws
- SEC Form 17-C Annual Stockholders Meeting
- SEC Form 17-C Resignation and Election of President
- RLT SEC 17Q 3rdQ 2022
- RLT SEC 17Q 2ndQ 2022
- RLT General Information Sheet 2022
- SEC Form 17-C-Result of Organizational Meeting
- SEC Form 17-C-Result of ASM
- Philippine Realty and Holdings Corporation_SEC 17A FY2021
- RLT_SEC 17Q 1stQ 2022
- RLT Preliminary Information Statement (20-IS)
- RLT Notice of Annual Stockholders Meeting 2021
- RLT SEC-17C Perpetual Corporate Term
- RLT SEC-17C Amended by Laws
- RLT SEC-17C Amended Articles of Incorporation
- Extension for Filing SEC Form 17-A
- RLT's SEC 17Q 1st quarter for the year 2021
- RLT's SEC Form 17A for the calendar year 2020
- RLT SEC Form 20-IS_Preliminary
- RLT SEC Form 20IS - Definitive
- RLT SEC-17C Transfer of Lots and Issuance of Shares
- RLT SEC-17C Result of Annual Stockholders Meeting
- RLT SEC-17C Officers and Committee Members
- RLT General Information Sheet 2021
- RLT SEC-17Q 2Q of 2021
- RLT SEC-17Q 3Q of 2021
- RLT SEC-17Q 3Q of 2020
- RLT-SEC-17C Results of ASM
- RLT-SEC-17C Officers and Committee
- RLT-SEC-17C Change in Officers
- Definitive Information Statement
- PRHC SEC-17Q 2Q of 2020
- RLT SEC Form 20-IS (Information Statement)
- SEC-17Q 1Q of2020
- SEC 17-A Annual Report
- Postponement of the Annual Stockholders' Meeting
- PRHC SEC-17Q 3Q of 2019
- PHRC SEC-17Q 2Q 2019
- SEC 17-C Stock Transfer Agent
- SEC 17-C New set of Corporate Officers and Board Committees
- SEC 17-C on Related Party Transaction Committee
- SEC 17-C Results of Annual Stockholders' Meeting
- SEC Filings 2018
- PRHC SEC-17Q 1Q 2019
- PRHC Duly Filed SEC-17C [February 26, 2019]
- PRHC SEC 17-A CY 2018
- PRHC 20-IS Definitive
- 2018 PRHC SFFS
- 17-C Election of Officers, Board and Management Committees (August 2018)
- PRHC Duly Filed SEC-17Q 1stQ 2018
- 2018 General Information Sheet Amended
- PRHC Duly Filed SEC 17-A CY 2017
- Duly Filed AFS CY 2017
- PRHC SEC 17-A-CY 2016
- Alfredo S. Del Rosario Jr. Elected as Director and President CEO
- Andrew D. Alcid - Resignation as Director and President CEO
- Manual on Corporate Governance
- SEC Ammended GIS [August 20, 2015]
- SEC Form 17-A [April 29, 2015]
- SEC Form 17-C [April 14, 2015]
- Annual SH Meeting [July 06, 2015]
- Annual Corporate Governance Report [April 29, 2015]
- SEC Form 17-C [October 16, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [September 30, 2014]
- SEC Form 17-C – Appointment of Mr. Ciar as Head of Project and Construction Management [September 24, 2014]
- SEC Form 17-C – Material Information [September 24, 2014]
- SEC Form 17-C – Notice of Special Stockholders Meeting [September 24, 2014]
- SEC Form 17-C – Amendment on the position of Mr. Ciar [September 24, 2014]
- SEC Form 17-C – Appointment of Ms. Thomas as VP for Human Resources [September 02, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [August 31, 2014]
- SEC Form 17-C – Resignation of Mr. Santos as Senior VP and Chief Operating Officer [August 29, 2014]
- SEC Form 17-C – Resignation of Ms. Abbot as VP for Finance and Administration [August 15, 2014]
- SEC Form 17-Q – Quarterly Report [August 14, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [July 31, 2014]
- SEC Form 17-C – Election of Mr. Kirk Steven Young as Independent Director [July 21, 2014]
- SEC Form 17-C – Newly elected Corporate Officers and Board Committee [July 17, 2014]
- SEC Form 23-A – Updated Statement of Beneficial Ownership as of June 30 2014 [July 03, 2014]
- SEC Form 23-A – Statement of Beneficial Ownership as of June 30 2014 [July 03, 2014]
- SEC Form 17-C – Resolutions during the Annual Stockholders Meeting [July 01, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [June 30, 2014]
- SEC Form 17-C – Demise of Ramon Cuervo III, Independent Director [June 17, 2014]
- SEC Form 17-C – Announces the Retirement of Mr. Bacani as President [June 04, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [May 31, 2014]
- SEC Form 17-C [May 21, 2014]
- SEC Form 17-Q – Quarterly Report [May 15, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [May 7, 2014]
- SEC Form 17-C [April 28, 2014]
- SEC Form 17-C [April 23, 2014]
- SEC Form 17-C [April 15, 2014]
- SEC Form 17-C [April 15, 2014]
- SEC Form 17-C III [April 02, 2014]
- SEC Form 17-C II [April 02, 2014]
- SEC Form 17-C I [April 02, 2014]
- SEC Form 17-C [April 04, 2014]
- SEC Form 17-C [March 19, 2014]
- SEC Form 17-C [February 26, 2014]
- SEC Form 17-C [February 12, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [February 12, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [January 27, 2014]
- Minutes of the Special Stockholders’ Meeting
- General Information Sheet [August 07, 2014]
- General Information Sheet [June 30, 2014]
- Articles of Incorporation
- By Laws
For more information about PhilRealty's disclosures, visit edge.pse.com.ph/companyDisclosures/
