DMCI Holdings Inc. on Friday said it posted a 28-percent increase in consolidated net income to P15 billion in the first nine months of 2026 from P11.7 billion a year earlier, driven by record earnings from its power generation and nickel mining businesses and improving cement segment.
Third-quarter net income rose 33 percent to P3.6 billion from P2.7 billion, supported by stronger contributions from power generation, nickel mining and real estate, alongside continued improvements in cement operations.
The group’s combined on-grid and off-grid power businesses recorded a 42-percent increase in earning contributions to P5.9 billion from P4.2 billion, with both businesses posting their highest nine-month revenues to date.
Semirara Mining and Power Corp., DMCI Holdings’ largest earnings contributor, posted an 8-percent increase in contribution to P6.3 billion from P5.8 billion.
Its power business recorded a 51-percent increase in contribution to P4.8 billion from P3.2 billion, supported by higher spot electricity prices and improved plant performance.
This more than offset a 46-percent decline in coal contribution to P1.5 billion from P2.8 billion amid lower shipments and challenging mining conditions.
DMCI Homes, meanwhile, contributed P3.1 billion, up 21 percent from P2.6 billion, on lower revenue reversals from cancelations, higher-value project mix and stronger rental income, including contributions from rent-to-own units.
DMCI Mining recorded one of the strongest increases among the group’s businesses, with its contribution surging 180 percent to P2 billion from P726 million.
The mining unit benefited from higher production and shipment volumes following the start of operations at Berong Nickel Corp.’s Long Point mine, bringing its number of active mines to three from two.
Firmer nickel prices also supported its performance. Off-grid power subsidiary DMCI Power posted an all-time high contribution of P1.1 billion, up 14 percent from P985 million, on record energy sales, capacity expansions in Masbate and Antique, and stronger wind generation.
Meanwhile, D.M. Consunji Inc. increased its contribution by 76 percent to P329 million from P187 million, supported by higher profit recognition from joint ventures.
Its construction order book stood at P41.5 billion as of September.
The group’s cement business, Concreat, narrowed its attributable net loss by 75 percent to P402 million from P1.6 billion, reflecting higher sales, improved operating efficiencies and cost management initiatives.
On a stand-alone basis, the cement business generated P1.3 billion in core earnings before interest, taxes, depreciation and amortization, reversing the negative P31 million recorded in the same period last year despite elevated fuel costs.
Maynilad Water Services Inc., an associate of DMCI Holdings, recorded a contribution of P2.2 billion, compared with P2.8 billion a year earlier.
DMCI’s share price rose by 21 centavos, or 3.26 percent, to close at P6.65 each on Friday amid a 0.28-percent dip for the benchmark Philippine Stock Exchange index.
