The Government Service Insurance System (GSIS) said Tuesday its net income in the first nine months of 2025 reached P112 billion, surpassing its target for the period by P35.4 billion.
The P112 billion net income was P35.4 billion over the target of P76.6 billion, reflecting “consistent growth and stability,” said GSIS president and general manager Jose Arnulfo Veloso.
The fund’s total assets grew to P1.93 trillion, an increase of P103.83 billion, or 5.7 percent, from its 2024 year-end level.
Total revenues in the nine-month period were P260 billion, or P18.2 billion above the target of P241.8 billion.
The P112 billion figure represents a P12-billion increase from the P100 billion recorded at the end of August 2025.
“The numbers reflect the current state of our financial health. Our P112 billion net income is a clear indicator of our consistent growth and stability,” Veloso said.
The pension fund said it also maintained fiscal discipline, with total expenses of P148 billion, which were P17 billion below the P165 billion budget for the period.
Administrative costs were kept at 2.5 percent, well within the 12 percent limit mandated by the GSIS Charter. This low ratio ensures that the fund’s resources are primarily allocated to serving its members.
“Our financial health is robust,” Veloso said.
“Our focus is on building a resilient institution that delivers for its members, and these results confirm we are on the right track,” he said.
