Dominion Holdings, Inc. (DHI), formerly known as BDO Leasing and Finance, Inc., announced a net income of ₱36.5 million for the first quarter of 2025.
This marks a decline compared to the ₱75.9 million earnings recorded during the same period in 2024.
The decrease in income is primarily attributed to reduced funds available for investment following the declaration of ₱3.2 billion in cash dividends in May 2024.
The dividend payout significantly impacted the company’s financial position, reducing Total Assets to ₱3.4 billion from ₱6.5 billion in the first quarter of 2024.
Stockholders’ equity also declined to ₱3.4 billion from ₱6.4 billion a year ago, while Total Liabilities remained steady at ₱11.0 million.
Dominion Holdings, Inc. transitioned from a leasing and financing company to an investment holding company following the approval of its corporate name change and amendments to its Articles of Incorporation and By-laws by the SEC on July 18, 2022.
The company’s primary purpose is to hold and manage real estate properties, securities, shares of stock, and other assets, while engaging in investment and business activities to enhance shareholder value.
As an investment holding company, Dominion Holdings continues to explore opportunities to maximize returns and strengthen its financial position despite the challenges posed by reduced investment funds.
