SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q
QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER
1. For the quarterly period ended Jun 30, 20222. SEC Identification Number 363593. BIR Tax Identification No. 000-438-702-0004. Exact name of issuer as specified in its charter BASIC ENERGY CORPORATION5. Province, country or other jurisdiction of incorporation or organization MAKATI CITY6. Industry Classification Code(SEC Use Only) 7. Address of principal office UB 111 Paseo de Roxas Bldg., Paseo de Roxas Avenue, Legaspi Village, Makati CityPostal Code12298. Issuer's telephone number, including area code (+63) 7917-81189. Former name or former address, and former fiscal year, if changed since last report Not applicable10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares
14,668,643,064
11. Are any or all of registrant's securities listed on a Stock Exchange? Yes No If yes, state the name of such stock exchange and the classes of securities listed therein: Philippine Stock Exchange12. Indicate by check mark whether the registrant:
(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)
Yes No (b) has been subject to such filing requirements for the past ninety (90) days Yes No
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Basic Energy CorporationBSC
PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules
For the period ended
Jun 30, 2022
Currency (indicate units, if applicable)
PHP
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Jun 30, 2022
Dec 31, 2021
Current Assets
22,997,126,295
13,948,958,058
Total Assets
28,069,297,855
19,356,968,917
Current Liabilities
19,843,700,129
10,832,775,880
Total Liabilities
21,120,827,017
12,661,694,323
Retained
Earnings/(Deficit)
(32,071,208)
(132,408,088)
Stockholders' Equity
6,948,470,838
6,695,274,594
Stockholders' Equity - Parent
3,748,255,771
3,699,764,946
Book Value per Share
0.5
0.48
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Gross Revenue
18,665,083,060
0
36,732,748,949
0
Gross Expense
18,477,223,827
13,821,987
36,340,394,252
25,386,314
Non-Operating Income
13,208,854
970,854
5,767,758
924,199
Non-Operating Expense
1,652,161
5,510,692
2,647,397
9,000,594
Income/(Loss) Before Tax
199,415,926
(18,361,825)
395,475,058
(33,462,709)
Income Tax Expense
55,927,487
0
90,432,759
0
Net Income/(Loss) After Tax
143,488,439
(18,361,825)
305,042,299
(33,462,709)
Net Income Attributable to
Parent Equity Holder
8,325,162
(18,360,660)
100,336,880
(33,790,522)
Earnings/(Loss) Per Share
(Basic)
0.01
(0.0)
0.02
(0.0)
Earnings/(Loss) Per Share
(Diluted)
0.01
(0.0)
0.02
(0.0)
Current Year (Trailing 12 months)
Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)
0.03
-0.01
Earnings/(Loss) Per Share (Diluted)
0.03
-0.01
Other Relevant Information
Please refer to attached SEC Form 17-Q Quaterly Report as of June 30, 2022 for further details.
AMENDMENT 7.20.2022: Correction in "Net Income Attributable to Parent Equity Holder" Current Year-to-Date portion; from previous figure of 48,490,825 to 100,336,880; former amount pertains to total comprehensive income attributable to the Parent Equity Holder
Filed on behalf by:
Name
Dominique Pascua
Designation
Compliance Officer
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Disclaimer
Basic Energy Corporation published this content on 20 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2022 03:53:08 UTC.
Basic Energy Corporation is a Philippines-based holding company with diversified business interests in various fields of renewable energy and alternative fuels, wholesale and distribution of petroleum products, and in oil and gas exploration and development. The Company operates through downstream oil operations segment, which particularly includes the sale of petroleum products. The Companyâs wholly owned subsidiaries include Basic Diversified Industrial Holdings, Inc., which is an investment holding company; IBasic, Inc., which is an information technology management company and service integrator; Basic Biofuels Corporation, which is a developer of biofuels; Basic Renewables, Inc., which is engaged in renewable energy; Mabini Energy Corporation; Southwest Resources, Inc., which is engaged in oil exploration; Grandway Group Limited, and PT Basic Energi Solusi, which is engaged in the management and operation of oil wells in Indonesia.
BASIC ENERGY CORPORATION 
