DoubleDragon Corp., a listed property developer, posted a P2.37 billion consolidated net income for the first half of the year, a 44 percent increase year-on-year, backed by robust property revenues and strategic expansion.
DoubleDragon, whose controlling shareholders are Mang Inasal founder Edgar Injap Sia II and Honeystar Holdings Corp.-led by Jollibee founder Tony Tan Caktiong, saw total consolidated revenues rose 58 percent to P6.95 billion, reflecting sustained growth across its diversified portfolio.
The company maintains a strong net debt-to-equity ratio of 0.87x, among the lowest in the Philippine listed sector, underscoring its prudent financial management.
DoubleDragon’s recurring revenue asset portfolio has now reached 1.5 million square meters of gross floor area, spanning prime locations in Luzon, Visayas, Mindanao, and overseas through its Hotel101 Global subsidiary.
Its industrial leasing arm, CentralHub, a joint venture with Jollibee Foods Corp., is progressing toward its P24.8 billion industrial real estate investment trust listing goal, which would be a first in the country.
Hotel101 Global debuted on the Nasdaq on July 1 this year, becoming the first Filipino-owned company to do so. The listing marks the first step toward its long-term vision of 1 million Hotel101 rooms in over 100 countries.
DoubleDragon also holds a PRS Aaa credit rating, the highest from PhilRatings, and operates in areas as far-reaching as Basilan, Sulu, Cotabato, and Isulan, stimulating countryside economic activity through modern retail and commercial spaces.
With a matured 2025 portfolio and an asset-light global hospitality model, DoubleDragon is positioning itself as a key dollar contributor and a strong advocate of Filipino excellence in the global business landscape.
