MerryMart Consumer Corp. (the “Company” or “MerryMart”) reports Revenues increasing +46.09% year-on-year to ₱1.75 Billion for the quarter ending March 31, 2023. Net Income up +52.98% to ₱18.98 Million for the quarter ending March 31, 2023.

Total Assets of the Company are up +31.32% year-on-year to ₱11.08 Billion as of March 31, 2023.

“Indeed the series of economic crises which we have had to experience in the last three years have affected businesses around the world and continue to linger up to now. But despite that, our team has worked doubly hard to put the MerryMart Group on stable footing, with strong cash position as of March 31, 2023 at ₱2.71 Billion.

MerryMart continues to strengthen its position in preparation for the upcoming shift of tide to a fresh new cycle of economic boom years that should naturally follow after a major economic crisis.

We believe that companies who demonstrate that they are able to navigate very well the series of major economic crises, such as what we have all experienced, will be in a unique position to capture the extraordinary opportunities that will present itself after all the chaos and the fire has cleared and the smoke has settled,” said MerryMart Chairman Edgar “Injap” Sia II.

MerryMart Group’s various formats are MerryMart Express, MerryMart Market, MerryMart Grocery, and MerryMart Wholesale. MerryMart’s subsidiary MM Consumer Technologies Corp. with MBOX Smart Lockers is the first in its consumer technology portfolio that is expected to add and complement to the ecosystem of the MerryMart Group.

MerryMart has set its Vision 2030 with the goal of a total of 1,200 branches nationwide aims to generate Php 120 Billion in systemwide recurring consumer sales revenue.