SBS Philippines Corporation (SBS), a leading importer, wholesaler, and distributor of chemical products, celebrated its 10th year as a publicly listed company with a ceremonial bell ringing at the Philippine Stock Exchange (PSE) today. The event marked a decade of significant growth, innovation, and commitment to good corporate governance.
The ceremonial bell ringing was led by SBS Board Chairman, Ricardo Nicanor N. Jacinto, along with Vice Chairpersons Necisto Y. Sytengco II and Aylene Y. Sytengco, President & CEO Gerry D. Tan, and Ned Bryan Y. Sytengco, Vice President of an SBS subsidiary. The event honored the legacy of the company’s founder, Mr. Necisto U. Sytengco, and reaffirmed its dedication to transparency and its role as a trusted business partner.
Since its listing in 2015, SBS has demonstrated remarkable financial and operational performance. The company’s total assets have more than doubled to ₱8.8 billion in 2024, and its debt-to-equity ratio has significantly improved, dropping from 70% in 2015 to a healthy 34%.
In addition to its financial success, SBS has also focused on strategic expansion and diversification. The company has:
- Expanded its product portfolio with innovative solutions for various industries, including food and beverage, pharmaceuticals, and personal care.
- Invested ₱200 million in capital expenditures to adopt advanced technologies in IT, logistics, and renewable energy, enhancing operational efficiency and customer service.
- Diversified its business through strategic investments in property-related ventures, which now include 24 investee companies with a total carrying value of approximately ₱3.2 billion.
- Achieved and maintained the prestigious 2-Arrow recognition from the Institute of Corporate Directors (ICD) for its corporate governance excellence based on the ASEAN Corporate Governance Scorecard (ACGS).
Looking ahead, Necisto Y. Sytengco II, SBS Vice Chairman & Chief Operating Officer, emphasized the company’s vision to continue expanding its footprint, leveraging new technologies, and deepening its engagement with stakeholders.
