DMCI Holdings Inc. booked a consolidated net income of P4.9 billion in the first quarter with gains from its property, mining and power units having cushioned weaker contributions from other businesses.
In a disclosure on Friday, the listed conglomerate said earnings slipped by 2 percent from P5.0 billion amid “uneven” market conditions, although several subsidiaries delivered improved results.
Semirara Mining and Power Corp. remained the conglomerate’s biggest revenue earner, contributing P2.2 billion but down by some P300 million from the comparable period last year. This was attributed to lower coal shipments and diminished plant performance.
The revenue contribution from property developer DMCI Homes increased to P1.3 billion from P1.2 billion, supported by stronger residential sales recognition, fewer cancellations and higher rental revenues.
Nickel miner DMCI Mining also posted a higher contribution of P440 million, up eight percent from P409 million a year ago, after the Long Point mine started commercial operations in March, increasing the company’s active mining sites to three.
Off-grid electricity provider DMCI Power grew its contribution by 12 percent to P302 million from P270 million on higher energy sales and additional capacity from expansion projects in Palawan, Antique and Masbate.
Meanwhile, Maynilad Water Services contributed P714 million, lower than last year’s P926 million and said to be due to the parent firm’s reduced ownership in the water concessionaire as Maynilad’s market debut tempered the impact of improved operations.
Construction arm D.M. Consunji Inc. saw revenues dip to P47 million from P50 million amid project delays and fewer ongoing construction activities.
Cement manufacturer Concreat Holdings Philippines narrowed its net loss to P203 million from P546 million previously, which DMCI attributed to higher sales volumes and operational improvements following its takeover of the business.
“Our diversified portfolio continued to provide stability despite uneven market conditions,” DMCI Holdings Chairman and President Isidro Consunji said.
The company’s board also approved regular cash dividends amounting to P0.30 per share, equivalent to about P4.0 billion in total payouts.
DMCI Holdings said the dividend declaration represented 27 percent of its 2025 core net income of P14.9 billion, consistent with its policy of distributing at least 25 percent of the previous year’s recurring earnings.
Stockholders on record as of May 21, 2026 will receive the dividends on June 5, 2026.
The company’s shares on Friday rose P0.09, or 0.94 percent, to close at P9.62 each amid a 1.22 percent drop for the benchmark Philippine Stock Exchange index.
