DoubleDragon Corp. posted record revenues of P27.91 billion in 2025, up 56 percent from P17.86 billion a year earlier, as fresh contributions from its overseas operations began reshaping the company’s earnings profile.
The P10.05-billion increase marked the strongest revenue growth in the listed company’s history and signaled what management described as the start of a strategic transition away from fair-value gains toward recurring operating income from leasing, hospitality, and international businesses.
The company said 2025 represented a turning point as most of its property portfolio had already been substantially completed, allowing core revenues to account for an increasingly larger share of earnings. DoubleDragon expects the shift to be largely complete by 2028.
Total assets reached P225.3 billion as of end-2025, while its debt-to-equity ratio remained below one time, significantly lower than its self-imposed ceiling of 2.33 times.
A key growth driver is Hotel101 Global, whose Nasdaq listing has given the group access to deeper pools of capital in the United States. DoubleDragon noted it remains the only Philippine company with a subsidiary listed on the U.S. Nasdaq exchange.
The company has outlined ambitious long-term goals, including growing annual revenues nearly eighteenfold to P500 billion and net income to more than P50 billion by 2035. Central to that strategy is the global rollout of the Hotel101 concept, which aims to establish a presence in 100 countries.
Analysts said the company’s strategy reflects a broader effort by Philippine firms to develop exportable business models rather than relying solely on domestic real estate growth. The approach could also provide diversification as the local property market grapples with oversupply concerns in some segments.
For 2026, DoubleDragon expects a sharp increase in recurring revenues as new hotel projects in Spain, Japan, Cebu, and Davao come on stream. The company plans to open 2,229 additional rooms this year, its largest annual expansion to date, strengthening its push to transform hospitality into a major engine of long-term growth.
