SEC Extends 2025 Annual Financial Statement (AFS) Filing Deadline

The Securities and Exchange Commission (SEC) has officially extended the deadlines for filing 2025 Annual Financial Statements (AFS) and related reportorial requirements.

This was formalized through a notice issued on April 15, 2026, in response to Executive Order No. 110, Series of 2026, which declared a State of National Energy Emergency in the Philippines. Here’s what every Philippine business needs to know.

What is the SEC’s April 15 Notice?

Issued on April 15, 2026, the SEC notice on the extension of AFS filing deadlines formally grants additional time for the submission of 2025 Annual Financial Statements and other covered reportorial requirements. The extension acknowledges the economic pressures that businesses and their accounting teams are currently facing amid the ongoing national energy emergency and rising operational costs.

This follows the same spirit behind the BIR’s Revenue Memorandum Circular (RMC) No. 30-2026, which extended the 2025 Annual Income Tax Return (AITR) deadline from April 15 to May 15, 2026 under the same EO 110 rationale.

What are the New Extended Deadlines?

The SEC has further revised the filing schedule for all covered reportorial requirements, following the initial extension under SEC MC No. 9-2026.

A quick breakdown of what this means in practice:

• Most businesses (standard domestic and foreign corporations) get the longest runway — from May 29 to June 15, 2026
• Listed companies and public issuers had the tightest original deadline at April 15, now moved to May 15, 2026 — aligned with the BIR’s extended AITR deadline
• Brokers and dealers get a two-week extension from April 30 to May 15, 2026

Who Does This Apply To?

The extension covers all corporations required to file their 2025 AFS with the SEC, including:

• Domestic stock and non-stock corporations with fiscal years ending December 31, 2025
• Branch offices, representative offices, regional headquarters, and regional operating headquarters of foreign corporations
• All corporations under the jurisdiction of SEC Extension Offices
• Brokers and dealers filing SEC Form 52-AR
• Listed issuers, registered but non-listed issuers, public companies, and other entities covered under Section 17.2 of the Securities Regulation Code
• One Person Corporations (OPCs) with applicable AFS obligations under SEC MC No. 10-2026

How Do You File AFS with the SEC?

Nothing changes about the submission process — only the deadlines have been adjusted. All corporations must continue to file exclusively through:

• eFAST — the SEC Electronic Filing and Submission Tool, available 24/7 (reviews are processed Monday to Friday only)
• Other reports not yet on eFAST may be submitted via the SEC’s iMessage Online Ticketing System

The SEC’s zero-contact policy remains strictly in effect. Over-the-counter, email, courier, and mail submissions are not accepted.

What Should Your AFS Include?

Regardless of the extended deadline, make sure your AFS submission is complete before uploading. Common rejection reasons include:

• Missing BIR “received” stamp — or for e-AFS filers, the system-generated Transaction Reference Number or Confirmation Receipt
• Financial statements not compliant with Revised SRC Rule 68
• Poor image quality, horizontal orientation, or incorrect submission type on eFAST
• Missing Statement of Management’s Responsibility (SMR) where required

Also note: under SEC MC No. 4-2026, the threshold requiring Annual Audited Financial Statements (AAFS) has been raised to total assets or liabilities exceeding ₱3,000,000. Corporations below this threshold may submit unaudited AFS accompanied by an SMR.

Key Takeaway for Philippine Businesses

The SEC’s extension is a welcome relief, especially for businesses still working through their 2025 financials amid the economic pressures of the current energy situation. But the breathing room is limited — June 15 will come quickly.

Use this time to:

• Finalize your 2025 financial statements and have them audited if your thresholds require it
• Ensure your AFS carries the BIR received stamp or e-AFS confirmation receipt before uploading to eFAST
• Verify whether your corporation falls under the updated ₱3M audit threshold under SEC MC No. 4-2026
• Complete any HARBOR beneficial ownership disclosures if not yet done for your 2026 GIS
• Double-check your eFAST submission for image quality, orientation, and completeness

Don’t treat this extension as an invitation to delay. Late filings after the extended deadlines are still subject to SEC penalties — and those penalties compound into future clearance requirements that can block routine SEC applications.

How CloudCFO Can Help

At CloudCFO, we help businesses across the Philippines stay on top of their SEC and BIR compliance, from AFS preparation and audit coordination to eFAST submission and regulatory monitoring.

Whether you’re a business owner trying to make sense of the latest SEC issuances, or a founder who simply wants to make sure everything is filed correctly and on time, our team is ready to support you.

Get in touch with CloudCFO today and let us handle the compliance complexities, so you can focus on growing your business.