SEC Extends 2025 Annual Financial Statement (AFS) Filing Deadline to June 15, 2026
Published Date: April 23, 2026
Published By: Jac Cantos, Upcloud Accounting
The Securities and Exchange Commission (SEC) has officially extended the deadlines for filing 2025 Annual Financial Statements (AFS) and other crucial reportorial requirements. This update, formalized by a notice on April 15, 2026, and driven by Executive Order No. 110, Series of 2026 (declaring a State of National Energy Emergency), provides Philippine businesses with additional time to manage their submissions amidst economic pressures.
The SEC's April 15 Notice Explained
This notice grants extended submission periods for 2025 AFS and other covered reports. It mirrors the rationale behind the BIR's extension of the Annual Income Tax Return (AITR) deadline, acknowledging the challenges businesses and their accounting teams face due to the ongoing energy emergency and rising operational costs.
New Extended Deadlines for 2025 AFS Filing
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: Domestic and foreign corporations with fiscal years ending December 31, 2025, now have until June 15, 2026.
Listed Companies and Public Issuers: Their deadline has moved from April 15 to May 15, 2026, aligning with the BIR's extended AITR deadline.
Brokers and Dealers: Receive a two-week extension, moving their deadline from April 30 to May 15, 2026.
Who is Affected by the Extension?
This extension applies to all corporations required to file their 2025 AFS with the SEC, including:
Domestic stock and non-stock corporations.
Branch offices, representative offices, and regional headquarters of foreign corporations.
Corporations under SEC Extension Offices.
Brokers and dealers (SEC Form 52-AR).
Listed issuers, registered non-listed issuers, public companies, and others under Section 17.2 of the Securities Regulation Code.
One Person Corporations (OPCs) with AFS obligations under SEC MC No. 10-2026.
How to File Your AFS with the SEC
The submission process remains exclusively electronic:
eFAST (SEC Electronic Filing and Submission Tool): This is the mandatory platform for filing AFS and is available 24/7 (reviews processed Monday-Friday).
iMessage Online Ticketing System: For other reports not yet on eFAST.
The SEC's zero-contact policy is strictly enforced; no over-the-counter, email, courier, or mail submissions are accepted.
What Your AFS Should Include
Ensure your AFS is complete to avoid rejection:
Proof of Filing: BIR "received" stamp or the e-AFS system-generated Transaction Reference Number/Confirmation Receipt.
Compliance: Financial statements must comply with Revised SRC Rule 68.
Quality: Ensure clear image quality, correct horizontal orientation, and the right submission type on eFAST.
SMR: Include a Statement of Management's Responsibility (SMR) if required.
Important Note: Under SEC MC No. 4-2026, the threshold for 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 with an SMR.
Key Takeaway for Philippine Businesses
The SEC's extension is a welcome relief, providing crucial time to finalize financials amidst economic challenges. However, remember that June 15, 2026, will arrive swiftly.
Use this extended period wisely:
Finalize and audit your 2025 financial statements if your thresholds require it.
Ensure your AFS has the necessary BIR stamp or e-AFS confirmation before uploading to eFAST.
Verify if your corporation meets the updated ₱3M audit threshold (SEC MC No. 4-2026).
Complete any outstanding beneficial ownership disclosures (HARBOR) for your 2026 GIS.
Double-check your eFAST submission for image quality, orientation, and completeness.
Late filings beyond the extended deadlines will still incur SEC penalties, which can complicate future SEC applications.
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Disclaimer: This article or blog is only for general knowledge and guidance and is not a substitute for an expert opinion. For technical advice, please consult your tax / legal advisor for your specific business concerns. For comments, suggestions, and feedback, feel free to email us at [email protected].
