Pryce Corp. said Thursday its consolidated net income went up 46.1 percent in the first half of 2025 to P1.93 billion from P1.32 billion in the same period last year.
Pryce said in a disclosure to the Philippine Stock Exchange the net income increase could be attributed to the overall growth of sales volume for liquefied petroleum gases (LPG) and industrial gases as well as gains on marketable securities amounting to P576 million.
Consolidated revenues also went up by 10.7 percent to P10.3 billion from P9.54 billion a year ago.
Pryce said revenues went up despite the $5.92-per-metric ton (MT) drop in the average contract price from $612.08 to $606.17 per MT.
It said the increase in revenues was due to the higher sales volume in the Visayas and Mindanao.
LPG sales volume grew by 3.75 percent year-on-year, with the Visayas and Mindanao generating 12.8 percent sales volume increase.
Meanwhile, industrial gas sales volume went up by 71.3 percent, resulting in an increase in industrial gas revenues to P547 million from P426 million.
LPG revenues remained the largest contributor to Pryce’s consolidated revenues, with P9.79 billion or 92.7 percent of the total revenues in the first half.
This was followed by industrial gases, providing P547 million or 5.2 percent; revenues from memorial park operations with P194 million or 1.8 percent; and pharmaceutical products with P30 million or 0.30 percent.
Earnings per share in the first half increased to P0.95 from P0.64 last year.
