Balanophora coralliformis Barcelona, Tandang & Pelser is described as a new species of Balanophoraceae. It is unique in its coral-like appearance due to the repeated branching of elongated, above-ground tubers and their coarse texture. It most closely resembles B. papuana in details of the staminate inflorescence and is sympatric with this species at its only known site in the montane forest of Mt. Mingan, bordering Aurora and Nueva Ecija provinces, Luzon, Philippines.