Filinvest Development Corp. (FDC) turned in a strong performance in the first nine months of 2025, propelled by across-the-board growth that saw all major business segments expanding despite persistent market challenges. Banking, real estate, power, hospitality, and sugar collectively delivered double-digit profit gains, underscoring the conglomerate’s resilience and ability to execute even as operating conditions shifted.
Net income attributable to equity holders of the parent climbed to P11.5 billion, a 21 percent rise from last year’s P9.5 billion. Consolidated net income also improved, advancing 19 percent to P14.3 billion from P12.0 billion.
Total revenues and other income grew 4 percent to P90.3 billion, lifted mainly by banking, real estate, sugar, and hospitality, while power remained the lone soft spot.
Banking led revenue contributions after expanding 16 percent to P44.3 billion, driven by EastWest Bank’s 17 percent surge in consumer loans. This pushed the bank’s net interest income up 18 percent to P29.7 billion and non-interest income up 27 percent to P5.3 billion, with consumer lending accounting for 85 percent of its loan book.
Real estate revenues rose 8 percent to P23.6 billion as residential sales jumped 13 percent to P15.5 billion on steady demand in CALABAR, Visayas, and Mindanao. Mall and rental income grew 8 percent to P6.9 billion. Hospitality added P3.0 billion in revenues, up 4 percent on stronger occupancy, guest spending, and improved F&B and golf operations.
Power revenues dropped 27 percent to P13.7 billion due to weaker spot market activity and lower coal pass-through rates, though net income improved 16 percent to P3.9 billion after operating costs fell.
Banking contributed P5.1 billion to the bottom line, followed by Power at P3.9 billion and Property at P3.7 billion. FDC ended September with P850 billion in assets and a debt-to-equity ratio of 0.60:1, maintaining balance sheet strength.
