Corporate

Filinvest Development Corp. (FDC) reported a 25 percent increase in net income to ₱3.6 billion in the first quarter of 2025, up from ₱2.9 billion in the same period last year, as all major business units—from banking to sugar milling—posted solid performance, the company said Wednesday.

Digital Edge (Singapore) Holdings Pte. Ltd., a Stonepeak-backed data center operator, has partnered with the Philippines’ top renewable energy provider, First Gen Corp., to power its flagship NARRA1 data center with hydroelectric energy. The agreement marks a pivotal move in advancing green digital infrastructure in Southeast Asia.

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.

Monde Nissin Corp., the maker of Sky Flakes biscuits and Lucky Me! noodles, reported a 21 percent drop in first-quarter net income to ₱2.73 billion, down from ₱3.48 billion a year earlier, citing continued pressure on its meat alternative segment and softness in its core noodle business.

Shakey’s Pizza Asia Ventures, Inc., a leading food service group in the country, reported a 17 percent year-on-year increase in systemwide sales for the first quarter of 2025, reaching P3.5 billion in revenue, a 14 percent uptick.