Filinvest Development Corp. (FDC) plans to increase its capital spending this year by 11 percent to P27.6 billion, up from P24.8 billion in 2024, mainly to fund power and real estate projects.
Chief finance officer Ven Christian S. Guce said about half of the budget will go to expansion projects. By segment, 40 percent is allocated to power, 38 percent to real estate, and 10 percent to banking.
FDC will spend around P2.67 billion for East West Bank, with a significant portion going to digital upgrades. The bank has increased its digital usage to 51 percent, supported by ongoing investments in technology.
The company is also setting aside about P2.7 billion to expand its digital transformation efforts, including artificial intelligence (AI) training and system upgrades such as enterprise resource planning and project management tools.
In real estate, FDC said it will not launch new projects this year and will instead focus on selling existing inventory. Ongoing developments include completing a hotel in Baguio and building a wastewater treatment facility in Filinvest City to support water supply in the area.
For funding, the company is considering options such as loans or tapping capital markets, as it prepares for a bond maturity in the third quarter.
President and CEO Rhoda A. Huang said the company is implementing cost-control measures, prioritizing essential investments and energy efficiency amid challenging conditions.
FDC earlier reported a record net income of P15 billion in 2025, up 24 percent from P12.13 billion the previous year. Revenues and other income rose 6 percent to P120.6 billion.
