The Government Service Insurance System (GSIS) announced today that its net income from January to September 2025 reached P112 billion. This figure represents a P12 billion increase from the P100 billion recorded at the end of August.
The fund’s total assets grew to P1.93 trillion, marking a P103.83 billion, or 5.7%, increase from its 2024 year-end level.
Operationally, GSIS surpassed its period targets. The P112 billion net income is P35.4 billion over the target of P76.6 billion. Total revenues for the nine-month period were P260 billion, which is P18.2 billion above the target of P241.8 billion.
“The numbers reflect the current state of our financial health. Our P112 billion net income is a clear indicator of our consistent growth and stability,” said GSIS President and General Manager Wick Veloso.
The pension fund also maintained fiscal discipline. Its total expenses of P148 billion were P17 billion below the P165 billion budget for the period.
Further, administrative costs were kept at 2.5%, which is well within the 12% limit mandated by the GSIS Charter. This low ratio ensures that the fund’s resources are primarily allocated to its core mission of serving its members.
“Our financial health is robust,” Veloso added. “Our focus is on building a resilient institution that delivers for its members, and these results confirm we are on the right track.” (PR)
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