SEC reminds firms to file reportorial requirements

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February 21, 2026 | 12:00am

MANILA, Philippines — The Securities and Exchange Commission (SEC) has set the deadline for the submission of corporations’ annual financial statements (AFS) and general information sheets (GIS) for 2026, warning companies of potential penalties if they fail to make their submissions on time.

SEC chairperson Francis Lim said the filing of reportorial requirements is mandatory and is a duty that all registered corporations must comply with every year.

“Failure to file may result in penalties and the suspension or revocation of one’s corporate registration,” Lim said.

 “This year, we are implementing a uniform filing deadline for AFS as part of our continuing efforts to simplify compliance. A single deadline reduces confusion and administrative burden, particularly for companies with multiple entities, and we hope it will encourage timely submissions,” he said.

Deadline for filing of AFS has been set by the commission on May 29.

The deadline is applicable to all corporations, including branch offices, representative offices, regional headquarters and regional operating headquarters of foreign corporations, whose fiscal years ended on Dec. 31.

Corporations whose fiscal years end on a date other than Dec. 31, meanwhile, must file their AFS within 120 calendar days from the end of their respective fiscal years.

Brokers and dealers whose fiscal years end on Dec. 31 must file their annual reports on April 30, while those whose fiscal years end on a date other than Dec. 31 should file their SEC Form 52-AR within 110 calendar days after the close of their respective fiscal years.

Corporations whose securities are listed on the Philippine Stock Exchange, those with registered securities but not listed on the PSE, those considered as public companies and other entities covered under the Securities Regulation Code must file their AFS within 105 calendar days after the end of fiscal year, as attachment to their annual reports.

Meanwhile, stock and non-stock corporations with total assets or liabilities of over P3 million are required to submit audited annual financial statements.

Branch offices/representative offices of stock and non-stock foreign corporations, with assigned capital and total assets, respectively, amounting to P1 million or more, as well as regional operating headquarters of foreign corporations with total revenues of P1 million or more are likewise required to submit audited financial statements.

The SEC said corporations, which do not meet the thresholds for the required filing of audited financial statement may submit their AFS, accompanied by a statement of management’s responsibility.

All corporations are required to file their GIS through the Electronic Filing and Submission Tool or eFAST within 30 days from the date of the actual annual stockholders’ meeting for stock corporations, from the date of actual annual members’ meeting for non-stock corporations; and the anniversary date of the issuance of their respective SEC licenses for foreign corporations.