Manila, Aug. 28 -- State-run Social Security System (SSS) is expecting its net income to exceed PHP100 billion this year.

"So definitely, we'll reach the PHP100 billion mark in net income for 2025. So we estimate that in terms of percentage growth of net income, it will range from about 38 to about 43 percent year-on-year," SSS President and chief executive officer Robert Joseph de Claro said in a brieifng at the SSS office in Quezon City on Thursday.

Last year, the net income of SSS reached PHP90.2 billion.

De Claro said half of the projected net income for this year would come from the agency's investments.

For next year, SSS is projecting at least 8 percent further increase in its net income.

"We continue with our, I would say, th...