D&L Industries continues to build on its post-pandemic growth trajectory, reporting a 10 percent year-on-year increase in net income for the first quarter of 2025 to P681 million, buoyed by improving returns from its new Batangas manufacturing facility. This follows a 2 percent rise in full-year 2024 recurring income to P2.3 billion, despite elevated operating and interest expenses tied to the new plant.
The Batangas facility, a key long-term investment, turned profitable ahead of schedule, posting P246 million in net income in its first full year of operations. The plant’s ramp-up has begun to enhance D&L’s return metrics, with return on equity rising to 12 percent in the first quarter of 2025—up 1.4 percentage points from 2024—and return on invested capital improving to 10 percent. Management is targeting mid- to high-teen levels for both ratios in the medium term.
In line with its sustained performance, D&L declared a total cash dividend of P0.213 per share for 2025—composed of a regular dividend of P0.164 and a special dividend of P0.049. This represents a 65 percent payout of 2024 net income, consistent with recent years, and translates to a 3.8 percent yield based on the May 30 closing price. The dividends will be paid on or before July 2 to shareholders on record as of June 18.
While global uncertainties persist, management remains confident in D&L’s strategic positioning, anchored in essential goods and strong export exposure. The company sees its recent investments as catalysts for higher, more sustainable profit growth in the years ahead.
