DoubleDragon Corporation (the “Company” or “DoubleDragon”) reports Consolidated Net Income of ₱1.60 Billion for the first six months ending June 30, 2023. Consolidated Revenues +15.62% at ₱3.94 Billion for the first six months ending June 30, 2023 as compared to the same period the prior year. Rental Income +20.22% at ₱1.95 Billion for the first six months ending June 30, 2023 as compared to the same period the prior year as traffic volume has significantly improved across the Company’s leasing portfolio.

Total Assets increased to ₱162.98 Billion in the first six months ending June 30, 2023. Total Equity increased to ₱81.64 Billion in the first six months ending June 30, 2023. DoubleDragon’s net Debt-toEquity ratio continued to stay at a healthy 0.68x as of June 30, 2023. The Company’s unutilized Debt Capacity stood at ₱127.88 Billion as of June 30, 2023.

DoubleDragon during its IPO in 2014 has set its vision to achieve 1 Million square meters of leasable space. As of today, the Company has already exceeded that target and now has built and completed a strong diversified portfolio of 1.29 Million of recurring-revenue GFA portfolio. The next phase of DoubleDragon’s vision to further grow its portfolio targeting 3 Million square meters of recurring revenue generating GFA portfolio by 2030.

“We are grateful for the experience and learnings the past 8 years has taught us and we are excited as today is actually 180 days to the Year of the Dragon, which we believe to be an auspicious and monumental year for DoubleDragon Corporation,” said DoubleDragon Corporation Chairman Edgar “Injap” Sia II.