#9M25UNAUDITEDEARNINGS $AP P23.3bn (-15%), 3Q P10.6bn (+5% YoY, +32% vs 2Q) Core P23.1bn* (-15%) Annualized EPS P4.22, 10x *reflects full impact of depreciation & interest expenses for GNPower Dinging Ltd (GNPD), which AP began recognizing in March 2024

DALI gets $10mn IFC funding. World Bank’s IFC approved $10mn financing investment for Dali Discount AG to expand the latter’s grocery network. The move would strengthen DALI’s capitalization structure.

PBBM assumes ASEAN chairmanship. Pres. Marcos, Jr. (PBBM) officially accepted chairmanship for ASEAN & faces key issues in 2026: (1) code of conduct between ASEAN & China; (2) inherited crises from Myanmar & Thai-Cambodia border friction; (3) trade pressure from foreign powers.

Open house event for ‘One Hidalgo’. $LAND will hold an open house for ‘One Hidalgo’, a 40-storey commercial, office & residential condo at P. Hidalgo Lim St., cor. Gen. Malvar St., Makate Manila on 20-23 Nov. 2025.

The plan of merger shall take effect on 28 Oct. 2025, with NTC as the surviving corporation.

$IPO cleared on NTC-ACCET merger. IPO has received last 21 Oct., a copy of the Certificate of Filing of the Articles & Plan of Merger of iPeople units: National Teachers College (NTC) & AC College of Enterprises & Technologies, Inc. (ACCET).

$ASLAG cleared by PCC on JV accord. ASLAG received PCC’s clearance on the proposed JV between Verdant Philippines Alpha Pte Ltd & ASLAG through an acquisition of shares in Phil. Hybrid Energy Systems, Inc. & PHESI Holdings Corp.

redeemable (non-reissuable) perpetual Series 7 preferred shares with oversubscription option of up to 10mn shares. The float comprises: Series 7A with initial dividend of 7.3131%, and Series 7B at 7.7007%. Offer price is P100/share, to be listed in PSE.

$MWIDE cleared on perpetual preferred float. MWIDE received SEC’s clearance for its follow-on offer (FOO) for 20mn cumulative, non-voting, non-participating, non-convertible,

$SECB listed P21bn corporate bonds due 2030. SECB issued P21bn, 6% fixed-rate corporate bonds due 2030 & listed in PDEx. Proceeds will diversify the bank’s funding sources & support lending.

$AP made early redemption of P2.5bn bonds. AP confirmed full payment of its outstanding 10-year Series C Bonds maturing in 2028, worth P2.5bn. The bonds will cease to be listed with PDEx given the early redemption.

MGreen also owns 19.4bn preferred ‘B’ shares. This covers the loans (total of P13bn) converted into SPNEC shares (total of 10.833bn shares).

MGen loan to $SPNEC converted into common shares. Solar Phils. Power Project Holdings’ (SPPPHI) shares in SPNEC decreased to 8.16bn shares (from 18.994bn), while MGreen’s block increased to 28.707bn common shares (from 17.874bn).

Post-transaction, AREIT’s GLA would reach 4.7mn sqm, comprised of 40% offices, retail 54%, hotels 6%. ALI & AREIT are targeting to complete the transaction 2H 2026.

Also, AREIT will have shareholders clear: (1) retirement of existing 67.33n Treasury shares that would reduce its authorized capital stock to P39.8bn (from P40.5bn); and (2) increase in authorized capital to P57bn (from P39.8bn), to grow its assets.

ALI & Summerhill shall subscribe to 441.13mn primary AREIT common shares, in exchange for Ayala Center Cebu mall & Summerhill’s Ayala Malls Feliz. Transaction value is P19.475bn.

$AREIT prepares P19.5bn property-share swap with ALI. AREIT will have a special shareholders’ meeting on 11 Dec. 2025 to approve its property-for-share swap with ALI & fully-owned unit, Summerhill Commercial Ventures Corp.

$ALI raised P15bn ESG-linked bonds. ALI raised P15bn from its sustainability-linked bonds (SLBs) to fund green initiatives. The 5-year, Series C due 2030 has fixed rate of 6.0671%, while the 10-year Series D due 2035 was at 6.3192%.

SMPH will issue total of P12bn, with oversubscription option of up to P5bn. Offer run is 3-7 Nov. 2025.

$SMPH sets interest rate for maximum of P17bn corporate bond float. SMPH set interest rates for its peso-denominated fixed rate bond float Series AB at 5.9096% due 2030; Series AC at 6.0858% due 2032; Series AD at 6.2855% due 2035.