Philippine Seven Corp. (PSC), the exclusive licensor of 7-Eleven in the Philippines, reported a net income increase of 9.4% to ₱3.81 billion, citing growth in sales, digital transformation, and financial inclusion initiatives during a media briefing on the sidelines of its 2025 Annual Stockholders Meeting on Thursday.
The company attributed its performance to a 13.8% rise in system-wide sales, which reached ₱93.5 billion. Revenue from contracts with customers also went up by 13.6% to ₱88.7 billion.
“Our performance is a direct result of our strategic focus on innovation, customer convenience, and responsible expansion,” said Jose Victor Paterno, president and CEO of PSC, who also announced he will transition to chairman.
Paterno highlighted the company’s digitalization efforts and said that artificial intelligence (AI) poses no direct risks to small-format stores, adding that 7-Eleven has used AI since 2018 to improve store inventory and operations.
“In fact, we were among the first in the world to implement variable climate technology, putting items only where they’ll sell, and machine vision for shelf arrangement that runs on the edge, even offline,” he said.
He also noted the company’s growing role in financial inclusion, as 7-Eleven stores serve as “an on-ramp” for customers to top up wallets, pay bills, and access cash.
“We included in our release the continuing deployment of ATMs in 7-Eleven stores,” said Lawrence de Leon, head of PSC’s Finance & Accounting Services Division and Investor Relations. “We ended 2024 with 3,493 stores with ATMs.”
This figure covers about 84% of PSC’s stores nationwide. Citing data from the Bangko Sentral ng Pilipinas, de Leon said there are fewer than 30,000 ATMs across the country, and “the ATMs that can be found in our stores are already 15% of all ATMs in the country.”
In 2024, PSC opened its 4,000th store, marking its 40th anniversary. By year-end, the network grew further to 4,130 stores across Luzon, Visayas, and Mindanao.
The company closed 2024 with total assets of ₱43.3 billion and posted a return on equity of 35.2%, up from 32.1% in 2023.
PSC also returned ₱7.26 billion in cash dividends to shareholders last year and issued a 100% stock dividend, which it said reflected sound financial health and investor confidence.
Follow Back End News on LinkedIn, Facebook, X, YouTube, and TikTok for updates and in-depth coverage across the tech and security landscape.
You must be logged in to post a comment.