SBS FIRST QUARTER 2022 RESULTS (UNAUDITED)

PSE / MEDIA RELEASE: SBS POSTS 66% REVENUE INCREASE IN THE FIRST QUARTER OF 2022

SBS Philippines Corporation (SBS), one of the leading chemical distribution companies in the Philippines, announced its results for the first quarter ended 31 March 2022. The Company reported a strong recovery during the first quarter 2022 versus its first quarter 2021 result.

Results Overview

– First quarter 2022 net sales amounted to P288.7 million, up by 66% from comparable quarter of 2021 at P174.1 million, and 26% higher than the previous quarter.

– Operating profit on consolidated basis grew by 90% in Q1 2022 compared to Q1 2021 driven by increase in sales volume and selling prices as well as favorable product mix.

– Realized a net income of P27.4 million for the first three months of 2022, reversing the P20.8 million loss incurred during the first three months of 2021 According to SBS’ Vice-Chairperson and SVP for Sales and Marketing Operations, Necisto Y. Sytengco II, “SBS achieved sales growth across all segments particularly the business recovery of the industrial and the feed and veterinary segments from the challenges in 2021. Our wide product portfolio, reliable inventory, and efficient supply chain allow SBS to serve our customers’ requirements timely despite the global logistic disruption that affects many of our peers in the market. This strengthened our position as the preferred one-stop shop supplier of chemical raw materials in the country.”

——————————————————————————————-

Disclaimer: This release may include forward-looking statements based on SBS Philippines Corporation’s current expectations and assumptions. Actual results may vary due to market, regulatory, and operational changes. SBS is not obligated to update these statements unless legally required.

About SBS Philippines Corporation: SBS is a leading chemical distributor in the Philippines, supplying 3,000+ products to over 1,800 customers across industries such as food, pharma, industrial, veterinary, and personal care. With 15 warehouses across Metro Manila and Bulacan totaling 46,000 sqm and 18,000 MT capacity, SBS offers scalable logistics, broad product diversity, and trusted market expertise.

More information on SBS is available at the SBS website at www.sbsph.com.