SEC sets 2025 AFS and GIS submission deadlines

The Securities and Exchange Commission (SEC) has set the deadlines for corporations to submit their annual financial statements (AFS) and general information sheets (GIS) for 2025 through Memorandum Circular No. 1.

Corporations with total assets or total liabilities of at least P600,000, as well as foreign corporations with assigned capital or total assets of at least P1 million, are required to submit audited AFS.

Entities that do not meet these thresholds may submit their AFS certified by their treasurer or chief financial officer.

All AFS and GIS submissions must be made online via the SEC Electronic Filing and Submission Tool (eFAST) at efast.sec.gov.ph.

The SEC will not accept over-the-counter or courier submissions, adhering to the zero-contact policy and the Ease of Doing Business Act.

SEC Chairperson Emilio B. Aquino urged compliance to avoid penalties and stated that repeated failure to submit reports may lead to suspension or revocation of corporate registration.