Sunday, 20 April 2025, 9:59 am

    FDC boosts capex to P24B, eyes 20% growth

    Filinvest Development Corp. (FDC), the holding firm of the Gotianun family, has committed P24 billion as capital expenditure (capex) for 2025, marking a 20 percent increase from the P20 billion spent last year. The budget signals the company’s focus on accelerating growth to 20 percent annually, positioning it for another banner year on its 70th year of operations.

    Ven Christian Guce, FDC chief financial officer and treasurer, detailed the company’s capex breakdown. Approximately 47 percent will be directed toward the expansion of its real estate projects, many of which are in the final stages of completion. The remaining funds will be allocated to diverse sectors, with 40 oercent earmarked for growing its hotel portfolio, renewable energy investments, and its core power business. The remaining 10 percent will go toward digitization efforts and shared services aimed at enhancing operational efficiencies across the group.

    Filinvest president and CEO, Rhoda A. Huang, said that the company’s performance is on track with its target of 20 percent annual growth. Huang emphasized the company’s ability to surpass last year’s yield, underscoring that periods of hyper-growth would inevitably be followed by more stable growth cycles.

    Despite potential challenges from fluctuating interest rates, both in the Philippines and the U.S., Huang remains confident in the Philippines’ consumption-driven growth. The Bangko Sentral ng Pilipinas (BSP) has room to adjust monetary policy, with a potential 200 basis point cut that could inject P5 to P7 billion into the local banking system, further fueling economic expansion.

    Huang also said that while demand for real estate in Metro Manila remains soft, there is strong housing demand nationwide. Additionally, the company’s consumer-driven banking arm, which represents 82 percent of its portfolio, continues to generate the highest net interest margins.

    With its diversified portfolio spanning real estate, banking, and energy, Filinvest Development Corp. is well-positioned to leverage both macroeconomic and sector-specific trends for sustained growth in the years ahead.

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