Philippine information technology firm DFNN Inc reported a net loss of PHP411.0 million (US$6.7 million) for full-year 2025, a 36.3-percent increase from a year earlier. Revenue last year rose 112.5 percent year-on-year, to PHP63.6 million, the firm said in a filing to the Philippine Stock Exchange.
The revenue gain was supported by the value of contracts with third parties throughout 2025, which saw a 518.7 percent year-on-year increase, to PHP42.5 million. Sales of goods for the period stood at PHP35.9 million, up from PHP5.4 million in 2024.
Via subsidiaries, DFNN has licences for electronic gaming machines, a sports betting exchange, and digit and pari-mutuel games, with the nation’s gaming regulator, the Philippine Amusement and Gaming Corp (Pagcor).
DFNN said that while cost of sales and services declined slightly, the amount of general and administrative expenses grew by 73.9 percent year-on-year, to PHP137.3 million in 2025.
That was on the back of increases of personnel costs, contracting of outside services, representation costs, and sales, marketing and project operating expenses, per the update.
In March, DFNN said it would convert up to PHP600 million of “existing liabilities owed to various creditors” into up to 500 million common shares and 100 million preferred shares.
The debt-to-equity conversion will be used to “retire existing debts” of DFNN, according to the firm.
The common shares will be issued out of the planned increase in the group’s authorised capital stock, to PHP2.00 billion. The 100 million preferred shares will be issued out of the corporation’s existing unissued capital stock.
