Five Philippines-based companies—A. Soriano Corp., Apex Mining Co. Inc., Converge ICT Solutions Inc., Figaro Coffee Group Inc. and Philippine Bank of Communications (PBCOM)—were among the 200 top-performing small and mid-sized firms recognized across the Asia-Pacific region.
The list features publicly-listed companies with annual revenue between $10 million and $1 billion.
The five Philippine firms represent a range of industries, including telecommunications, banking, mining food services and investment.
Forbes said the list aims to highlight companies that demonstrate consistent financial performance and strong governance amid global economic challenges.
A. Soriano, a diversified investment holding company, reported sales of $226 million, a net income of $82 million and a market value of $643 million.
Apex Mining, a local gold and silver producer, recorded sales of $254 million, a net income of $76 million and a market value of $687 million.
Converge ICT, a major fiber broadband and connectivity provider, posted sales of $709 million, a net income of $189 million and a market value of $2.33 billion.
Figaro Coffee Group, which operates cafes and food brands, reported sales of $97 million, a net income of $11 million and a market value of $65 million.
PBCOM, a commercial bank, had revenues of $195 million, a net income of $39 million and a market value of $170 million.
The companies were selected from a pool of more than 19,000 publicly traded firms in the Asia-Pacific region. To qualify, companies should have positive sales and earnings growth and manageable debt levels.
