DMCI Holdings Inc. expressed cautious optimism over its medium-term prospects, highlighting strong growth potential in its utilities, power, and mining businesses, alongside expanding opportunities in infrastructure construction.
Speaking at the company’s annual stockholders’ meeting on Tuesday, pMCI President and CEO Isidro A. Consunji said the company expects key subsidiaries—Maynilad Water Services Inc., DMCI Mining, and the power division of Semirara Mining and Power Corp.—to be major growth drivers. He also said that government-led infrastructure projects, including the Metro Manila Subway and South Commuter Railway, are set to bolster DMCI’s construction order book.
“We are also optimistic about the growing demand for electricity and water,” Consunji said, underscoring the company’s operational priorities of discipline, execution, cost control, and synergy maximization, particularly with its recent cement business addition.
Maynilad, which is targeting a public listing on the Philippine Stock Exchange this year, is expected to benefit from higher water demand, tariff adjustments, and ongoing improvements in reducing non-revenue water through infrastructure investments.
Meanwhile, DMCI Power is poised to grow its off-grid energy supply capacity by 26 percent in 2025 with an additional 43 megawatts, including 12 MW from its new Semirara wind farm. The remaining expansion will come from fossil and bunker fuel sources.
In mining, the company is banking on a recovery in nickel ore prices and the commercial launch of Zambales Chromite Mining Co. DMCI also expects to activate its Long Point mine in Palawan, which is nearing final permitting.
Despite headwinds such as high interest rates and a sluggish property sector recovery, DMCI remains aggressive in pursuing large-scale industrial and government projects. A debt-free balance sheet, Consunji said, gives the company “financial flexibility to seize opportunities” as public infrastructure investment accelerates.
In real estate, DMCI Homes will continue to develop condominiums, expanding beyond Metro Manila into emerging cities. The company aims to serve both upscale and affordable segments while maintaining its mid-market quality positioning.
Consunji concluded with a tempered outlook, balancing optimism with vigilance over macroeconomic uncertainties, as the diversified conglomerate aims to capture value across multiple high-growth sectors.
