AcKainley Insider

BBS Bank Post P113 million loss amid out of control costs

BBS bank posted a net loss in 2025 as rising costs absorbed income. BBS reports a 15.9% increase in interest income, from P479.7 million to P556.0 million, this increase was then absorbed by interest expenses that surged 52,9% from 269million to 412.0 million, , while credit losses nearly quadrupled, rising from P19.1 million to P77.5 million worsening the situation and causing the net interest income to decline by 31.5%.

The pressure flow right to the income statement causing total income to fall by roughly 30%, from P260.6 million to P182.2 million. What was once a P38.1 million profit in 2024 turned into a P113.3 million loss in 2025.

The balance sheet tells another story with Non-performing loans increasing from 5.23% to 6.28% this is a signal that credit quality is getting weak, the bank may not be taking in significantly more loans but it’s taking on worse ones.

Operating cash flow swung from -P219 million to +P120.8 million which is a good improvement but even that positive doesn’t fully offset the downside as cash balances still declined, falling from P675.8 million to P584.7 million.

MULTICHOICE CANCELS SHOWMAX

Multichoice (now owned by Canal +) has confirmed the discontinuation of their streaming platform operation "Showmax".

Following years of heavy financial losses, rising to about P5 billion in 2025. Multichoice have opted to discontinue the operation.

Content to be moved to DSTV and incoming in-house streaming platform supported by Canal+