Diversified conglomerate DMCI Holdings Inc. reported a 9 percent year-on-year decline in net income for the first quarter of 2025 to ₱5.1 billion, down from ₱5.6 billion, citing the impact of stabilizing coal prices and the integration of its newly acquired cement business.
Despite the profit dip, consolidated revenue rose 16 percent to ₱31.85 billion from ₱27.43 billion a year earlier, buoyed by stronger performances in real estate, water utilities, nickel mining, and off-grid power operations.
Chairman and CEO Isidro A. Consunji emphasized the group’s resilience amid shifting market dynamics. “Market conditions today are very different from five years ago, but our businesses have adapted well,” he said, noting a continued focus on organic growth and the transformation of its cement operations under Concreat Holdings Philippines Inc., which posted a ₱546 million net loss as it began integration under the DMCI Group.
Semirara Mining and Power Corp., DMCI’s largest income contributor, saw profits fall 31 percent to ₱2.5 billion amid stabilizing coal prices and a higher proportion of low-grade shipments. The impact was partially offset by stronger on-grid power performance.
DMCI Homes delivered robust growth, with contributions rising 56 percent to ₱1.4 billion, driven by higher revenue from newly recognized accounts and stronger finance income. Maynilad Water Services Inc. also lifted its share by 39 percent to ₱926 million, benefiting from higher tariffs and lower costs despite a slight drop in billed volume.
Nickel miner DMCI Mining rebounded sharply, swinging to a ₱409 million profit from a ₱22 million loss, aided by stronger operations and the activation of a second mine under Zambales Chromite Mining Co.
Meanwhile, DMCI Power’s contribution edged up 2 percent to ₱270 million, while construction arm D.M. Consunji Inc. posted a lower contribution of ₱50 million, weighed down by cost pressures and project delays.
The results highlight DMCI’s diversified income streams, with the company leveraging strength in core sectors to navigate short-term pressures and invest in long-term business transformation.
