Dominion Holdings Inc., formerly BDO Leasing and Finance Inc., reported net earnings of P202 million last year, a 27 percent drop from P277 million posted in 2023, due mainly to a reduced investment base following a substantial cash dividend payout of P3.2 billion in May 2024.
That move significantly impacted the company’s financial position, bringing its total assets and stockholders’ equity down to P3.3 billion at end 2024, from P6.4 billion the previous year.
Dominion said the dividend declaration was a strategic decision aligned with its broader transformation into a pure investment holding company. Since 2022, when the Securities and Exchange Commission approved changes to its name, business purpose, and charter, Dominion has shifted focus from leasing and financing toward managing a diversified portfolio of real estate, securities, and equity holdings.
While the short-term financial impact was evident in last year’s results, the company sad its commitment to long-term value creation and greater operational flexibility under the holding company structure.
Dominion is clear that its ability to effectively redeploy its remaining capital into high-return assets will determine future financial performance.
With a leaner balance sheet, the company’s next steps in capital allocation and portfolio expansion will be closely watched by investors seeking signs of sustainable growth.
