Filinvest Development Corporation (FDC) today announced a robust financial performance for the first half of 2025, with net income attributable to equity holders of the parent company reaching ₱7.4 billion. This represents a significant 34 percent increase compared to the ₱5.5 billion recorded in the same period last year.
Consolidated net income also saw a notable rise of 30 percent, climbing to ₱9.2 billion from ₱7.1 billion in the first half of 2024. This broad-based growth was driven by double-digit profit increases across all major business units, including Banking, Real Estate, Power, Hospitality, and Sugar.
“We sustained our strong growth momentum in 2024 to the first half of 2025,” said FDC President and CEO Rhoda A. Huang. “All our business units contributed to this performance despite several challenges. We are striving to deliver strong results for the entire year and are harnessing the organization’s energy to grow the business despite some headwinds.”
Financial Highlights 📊
Total revenues and other income for the first six months of 2025 increased by 5.5 percent to ₱58.5 billion. Key revenue contributors by business segment were:
- Banking: ₱28.4 billion (17% increase)
- Real Estate: ₱13.8 billion (9% increase)
- Sugar: ₱4.6 billion (23% increase)
- Hospitality: ₱2.2 billion (7% increase)
The power segment, FDC Utilities, Inc. (FDCUI), recorded a revenue decline of 25 percent to ₱9.6 billion due to lower spot market activity and reduced coal cost pass-through rates. However, this was offset by a corresponding decrease in costs, leading to a 28 percent improvement in net income contribution to ₱2.7 billion.
The banking segment, led by EastWest Bank, posted the highest contribution to both revenues (49%) and net income (38%) for the conglomerate. The bank’s strong performance was fueled by a 15 percent increase in consumer loans, which account for 84 percent of its total loan book.
The real estate business, comprising Filinvest Land, Inc., Filinvest Alabang, Inc., and Filinvest REIT Corp., saw a 9 percent increase in revenues to ₱13.8 billion. This was driven by higher residential sales and an 11 percent rise in mall and rental revenues due to increased occupancy and foot traffic.
Filinvest Hospitality Corporation (FHC) also performed well, with revenues from hotel operations expanding by 7 percent to ₱2.2 billion, supported by higher occupancy, increased guest spending, and improved contributions from its food and beverage segment.
Future Outlook and Financial Position
FDC maintains a healthy balance sheet, with total assets of ₱829 billion as of June 30, 2025, and a strong debt-to-equity ratio of 0.72:1. The company recently raised ₱8.0 billion from a maiden preferred shares offering, with proceeds intended to refinance existing obligations and fund key growth initiatives.
