DMCI Holdings Inc. reported a 20 percent decline in net income in 2025, earning P15.1 billion compared to P19 billion the previous year, mainly due to weaker contributions from its energy business and losses in its cement segment.
The company said gains from its real estate, construction, water, mining and off-grid power units helped cushion the drop.
Fourth-quarter earnings also fell 14 percent to P3.3 billion, affected by lower energy and cement contributions, as well as reduced ownership in Maynilad Water Services Inc. following its initial public offering in November.
For the full year, Semirara Mining and Power Corp. remained the biggest contributor, posting P7.3 billion, down 33 percent due to softer energy prices, lower shipments and higher costs. However, record coal production and energy sales helped ease the impact.
Maynilad contributed P3.7 billion, up 11 percent, driven by tariff increases and improved efficiency.
DMCI Homes Inc. posted P3.3 billion, up 14 percent, supported by higher residential sales and additional income sources.
Off-grid power unit DMCI Power Corp. delivered a record P1.3 billion contribution, while DMCI Mining Corp. more than tripled its earnings to P924 million due to higher nickel prices and increased production.
Construction arm D.M. Consunji Inc. saw a slight increase in contributions to P284 million.
Meanwhile, cement unit Concreat Holdings Philippines Inc. posted a net loss of P1.9 billion due to higher financing costs and lower selling prices.
Looking ahead, DMCI plans to spend P24.6 billion in 2026, 11 percent higher than in 2025, to fund residential projects, expand power capacity, and improve cement operations.
