Filinvest Development Corporation (FDC), one of the Philippines’ leading conglomerates, announced robust financial results for the first nine months of 2025, demonstrating strong performance across its diversified portfolio.
Net income attributable to equity holders of the parent company climbed to ₱11.5 billion, marking a substantial 21 percent increase from the ₱9.5 billion generated during the same period last year. Consolidated net income similarly rose by 19 percent year-on-year, reaching ₱14.3 billion from ₱12.0 billion in 2024.
The profit expansion was broad-based, with all major business segments—Banking, Real Estate, Power, Hospitality, and Sugar—achieving double-digit growth in their net income contributions.
FDC President and CEO Rhoda A. Huang commented on the results: “The Filinvest group delivered double-digit profit growth in the first nine months of 2025 despite challenges on some parts of our business. We remain committed to delivering strong results in the full year 2025 and in the years ahead, even as the business environment continues to evolve, with the support and agility of our people.”
Total revenues and other income for the period increased by 4.0 percent to ₱90.3 billion. The Banking segment was the largest contributor to the top line, accounting for 49 percent of total revenues, followed by Real Estate (26 percent) and Power (15 percent).
The Group’s banking unit, EastWest Bank (EW), was a key performance driver. Top-line growth was propelled by a 17 percent increase in consumer loans, which remain the bank’s core product, accounting for 85 percent of the total loan book. This resulted in an 18 percent growth in Net Interest Income (NII) to ₱29.7 billion. Overall, the Banking segment contributed the highest share to FDC’s net income at ₱5.1 billion (38 percent).
The Property business, encompassing Filinvest Land (FLI), Filinvest Alabang (FAI), Filinvest REIT Corp. (FILRT), and Filinvest Hospitality Corporation (FHC), collectively contributed ₱3.7 billion to net income.
- Real Estate revenues rose 8 percent, fueled by strong demand in the residential, industrial, and retail sectors. Residential sales grew by 13 percent to ₱15.5 billion, particularly driven by the middle-income segment in CALABARZON, Visayas, and Mindanao. Mall and rental revenues were up 8 percent to ₱6.9 billion on improved occupancy and foot traffic.
- Hospitality revenues expanded 4 percent to ₱3.0 billion, driven by higher occupancy and spend per guest across its portfolio of seven hotels, including the Crimson, Quest, and Timberland Highlands brands.
FDC Utilities, Inc. (FDCUI) saw a 27 percent decline in revenues to ₱13.7 billion due to lower spot market activity. However, significant success in operational efficiency and reduced operational expenses, stemming from lower coal prices, led to a 16 percent improvement in its net income contribution, which reached ₱3.9 billion (29 percent of FDC’s total net income).
Sugar The Sugar business also contributed positively, with revenues and other income increasing by 10 percent, translating to a ₱901 million net income contribution.
FDC maintains a strong balance sheet with total assets of ₱850 billion as of end-September 2025. The conservative debt-to-equity ratio of 0.60:1 provides the conglomerate with significant financial flexibility to support its strategic growth initiatives moving forward.
