The Board of Directors of Filinvest Development Corporation (FDC), during its meeting on April 25, 2025, approved the declaration of cash dividends amounting to โฑ0.14027 per share, payable on June 10, 2025, to all stockholders of record as of May 19, 2025.
This dividend represents a 36% increase from the previous year and offers a 2.8% yield based on FDCโs share price at the end of December 2024. The growth in dividends per share (DPS) reflects the companyโs solid financial performance, marked by rising earnings per share (EPS) and net income in 2024.
FDC reported a net income of โฑ12.1 billion attributable to equity holders of the parent company in 2024, up 36% from โฑ8.9 billion in 2023. Consolidated net income reached โฑ15.7 billion, a 29% year-on-year increase.
โOur strong performance in 2024, which exceeded our target, underscores our ability to adapt and stay ahead in an evolving landscape. We remain committed to pursuing our goal of growing earnings by 20 percent annually,โ said FDC President and CEO Rhoda A. Huang.
Revenue growth played a key role in the companyโs performance. Total revenues and other income rose 22% to โฑ113.5 billion in 2024, up from โฑ92.8 billion the year before, with all business segments contributing double-digit growth:
- Banking: +23%
- Real Estate: +11%
- Hospitality: +26%
- Power: +40%
- Sugar: +15%
This across-the-board expansion reflects FDCโs diversified portfolio and resilient operational strategy, positioning the company for sustained growth in the years ahead.
