DoubleDragon Corporation (PSE: DD) today announced a significant surge in its financial performance for the first three months of 2025, demonstrating strong growth across its key business segments. The Company reported a 245% increase in Consolidated Net Income, reaching Php2.05 billion, compared to last year.
This impressive bottom-line growth was fueled by a substantial 117% rise in total consolidated revenues, amounting to Php4.45 billion. A primary driver of this revenue surge was the exceptional performance of DoubleDragon’s Hotel101 unit, which saw a 69% increase in sales, significantly boosted by its expanding overseas projects.
DoubleDragon maintains a strong financial position, with Total Equity standing at Php102.1 billion as of March 31, 2025. The Company also boasts a healthy Net Debt-to-Equity ratio of 0.76x, positioning it favorably among listed Philippine companies.
The Company’s financial strength is poised for further enhancement with the anticipated U.S. NASDAQ listing of its subsidiary, Hotel101 Global.
DoubleDragon has already established a substantial recurring revenue asset portfolio, exceeding 1.4 million square meters of Gross Floor Area (GFA). These hard assets are strategically located in prime areas across Luzon, Visayas, and Mindanao in the Philippines, complemented by its growing international presence through Hotel101 Global.
The Company’s financial stability and strong fundamentals are further underscored by its PRS Aaa (Triple A) credit rating from the Philippine Rating Services Corporation (PhilRatings), the highest rating achievable in the Philippines.
DoubleDragon’s success is built upon a foundation of strategically located, titled investment properties spanning key regions in the Philippines and expanding internationally. Beyond its diversified asset portfolio, the Company has uniquely developed and successfully exported its Hotel101 brand and business model to global markets.
In just a decade, DoubleDragon has achieved significant scale, completing over 1.4 million square meters of diversified assets, including provincial community malls, office buildings, hotels in the Philippines and overseas, and warehouse complexes nationwide.
Notably, DoubleDragon is a pioneer in bringing modern community malls to underserved provincial areas, including Cotabato City, Koronadal City, Dipolog City, and Isulan Sultan Kudarat, thereby stimulating local economies and ensuring that economic growth extends to the countryside. The Company also has commercial investments in the Bangsamoro Autonomous Region, including Basilan Sulu.
DoubleDragon anticipates the full maturation of its nationwide Philippine portfolio of strategically located hard assets by the end of 2025.
The Company expects its asset-light Hotel101 subsidiary to become a major Philippine brand and business model export, generating significant US Dollar inflows into the Philippine economy. Hotel101 aims to elevate the globally recognized Filipino hospitality brand in each country it operates in. Hotel101 Global is on track to complete its first overseas project in Madrid, Spain, and is aggressively pursuing its near-term goal of operating in 25 countries within the next three years, with a long-term vision of reaching 1 million rooms in 100 countries globally.
DoubleDragon Corporation’s principal shareholders are Injap Investments Inc, led by Mang Inasal Founder Edgar Injap Sia II, and Honeystar Holdings Corp, led by Jollibee Founder Tony Tan Caktiong.
DoubleDragon Corporation is a leading Philippine real estate company with a diverse portfolio of income-generating assets across the retail, office, hospitality, and industrial sectors. The Company is committed to creating long-term value for its stakeholders through strategic investments and innovative business models.
