Filinvest Development Corp. (FDC) is committed to its five-year growth strategy, which aims to more than double earnings from their 2023 levels by reshaping and optimizing the diversified portfolio of the Gotianun Group’s listed flagship investment holding company.
“Building on the strong foundation established in the previous year and with our goal of achieving a 20 percent annual earnings growth, we remain committed to executing our plans and delivering on our projected results,” said FDC President and CEO Rhoda Huang, addressing shareholders during the company’s annual meeting held online.
FDC reported a 36 percent growth in net income attributable to the parent company’s shareholders, reaching P12.1 billion in 2024, driven by strong performances across its banking, real estate, and power sectors. Group revenue also surged 22 percent, climbing to P113.4 billion from P92.8 billion in 2023.
“Strategic initiatives that have shaped our direction in 2024 will continue to guide us over the next four years as we pursue our five-year agenda,” Huang said.
She highlighted that easing inflation, lower interest rates, and a more optimistic economic outlook are expected to bolster growth prospects for the group, particularly EastWest Bank, which contributed nearly 40 percent of the group’s earnings last year.
“We are focused on optimizing our portfolio to guide and support our businesses, particularly in areas like capital allocation, business development, and accelerating value creation,” she explained.
Huang also emphasized that FDC’s future performance will benefit from increasing synergies among its businesses, leveraging expertise across its segments to drive overall efficiency. The company is also committed to “future-proofing” its talent pool and organization by fostering “a diverse, high-performing, and highly engaged workforce ready to tackle future challenges.”
Meanwhile, FDC’s board has approved a cash dividend totaling P1.21 billion. Shareholders on record as of May 19 will be eligible for a dividend of P0.14027 per share, which will be paid on June 10.
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