PSE posts 19% 1H earnings growth
The Philippine Stock Exchange, Inc. (PSE) reported a 19.8 percent surge in its net income for the first half of 2026 to Php 608.38 million from Php 508.03 million in the same period last year. Operating revenues grew by 9.4 percent to Php 1.44 billion from Php 1.31 billion, lifted by higher trading and clearing…
Source: Philippine Stock Exchange · August 14, 2026 at 4:53 PM · AI-assisted report

KUALA LUMPUR, 15 AUGUST 2026 —
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PSE Posts 19.8% 1H Earnings Growth as Trading Activity Surges
Market Impact
The Philippine Stock Exchange, Inc. (PSE) reported a 19.8% year-on-year increase in net income for the first half of 2026, rising to Php 608.38 million from Php 508.03 million in the same period last year. Operating revenues climbed 9.4% to Php 1.44 billion, driven by higher trading and clearing revenues, as well as increased depository securities account fees.
The exchange attributed its stronger performance to a more active market, with average daily value turnover up 13.5% to Php 7.72 billion from Php 6.80 billion a year ago. PSE President and CEO Ramon S. Monzon highlighted the impact of the Capital Markets Efficiency Promotion Act, which reduced the stock transaction tax from 0.6% to 0.1% effective July 1, 2025, narrowing the cost gap with regional peers.
Transaction fees rose 10.7% to Php 303.43 million, while SCCP service fees increased 14.5% to Php 165.45 million, reflecting a 14.5% expansion in equity trading value to Php 926.54 billion.
Revenues at the Philippine Depository Trust Corp. grew 4.3% to Php 294.55 million, supported by higher fixed income depository holdings. Other operating revenues more than doubled to Php 184.49 million from Php 94.23 million. Total costs and expenses remained controlled at Php 728.90 million, up just 3.13% from Php 706.77 million in the same period last year.
PSE is also revising its listing rules to improve accessibility, including a tiered public ownership framework and revised preferred shares rules approved by the Securities and Exchange Commission (SEC). The minimum offer size for listings has been lowered to Php 100 million from Php 1 billion, and direct listings are now permitted.
With Php 133.70 billion in upcoming listings for the second half—including Mynt, Inc. and Vitro REIT—the exchange aims to attract more issuers and investors.
The improved liquidity and regulatory adjustments position the PSE competitively within the region, though the full impact on Malaysia’s market remains to be seen. Investors in Bursa Malaysia may monitor these developments, particularly if regional exchanges adjust trading incentives in response.
Details on potential spillover effects for Malaysian investors or exchanges are not yet available.
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