DFNN has reported a wider net loss for the first quarter ended March 31 2026, amid lower revenues and sustained operating costs. The Philippine-listed company delivers IT and gaming systems and holds Philippine Amusement and Gaming Corporation (PAGCOR) licenses covering electronic gaming machines, a sports betting exchange, and digital and pari-mutuel games.
Gross revenue for the three-month period declined to PHP 55.3m from PHP 109.4m in the same quarter last year. Gross expenses remained high at PHP 211.1m, slightly above the PHP 209.8m recorded a year earlier.
As a result, the company posted a loss before tax of PHP 155.9m, compared with a PHP 100.4m loss in the prior-year quarter. Net loss after tax amounted to PHP 155m, widening from PHP 99.8m a year earlier. Net loss attributable to parent equity holders reached PHP 150.9m, versus PHP 93.1m in the first quarter of 2025. Basic and diluted loss per share stood at PHP 0.38, compared with PHP 0.24 a year ago.
On the balance sheet, total assets as of March 31, 2026 were PHP 1.67bn, broadly in line with year-end 2025 levels. However, total liabilities increased to PHP 2.74bn from PHP 2.58bn at the end of December. Stockholders’ equity remained negative at PHP 1.08bn, deepening from PHP 921.4m at the end of 2025, with a book value per share of negative PHP 2.69.
DFNN’s business spans financial transaction platforms, secure middleware development, and turnkey IT implementations for financial institutions and gaming operators.
The first-quarter results underscore the operational and financial challenges facing the group as it continues to navigate a competitive technology and gaming services environment while managing a leveraged balance sheet.
DFNN is listed on the Philippine Stock Exchange and holds licenses with PAGCOR for electronic gaming machines, sports betting exchange, and digital and pari-mutuel games
