Roxas and Company, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PHP 132.73 million compared to PHP 298.29 million a year ago. Revenue was PHP 199.66 million compared to PHP 354.85 million a year ago.

Net loss was PHP 172.46 million compared to PHP 41.76 million a year ago. Basic loss per share was PHP 0.08 compared to PHP 0.02 a year ago. Diluted loss per share was PHP 0.08 compared to PHP 0.02 a year ago.