FILINVEST Development Corp. (FDC) posted a record net income of P15.0 billion last year, up 24 percent from P12.1 billion in 2024 and driven by strong contributions from its banking, real estate, and power businesses.
In a disclosure on Thursday, the Gotianun-family led conglomerate said consolidated net income reached P18.9 billion, up 20 percent year-on-year, while total revenues and other income rose to P120.6 billion from P113.4 billion.
“FDC delivered another year of strong results. As we commemorated our 70th anniversary in 2025, this record performance underscores our capacity to adapt to changing environments and capitalize on opportunities as they arise,” President and CEO said Rhoda Huang said.
Banking contributing P7.0 billion or 40 percent of total earnings, followed by power and real estate that each accounted for about 28 percent.
Banking subsidiary East West Banking Corp. delivered a record standalone net income of P9.2 billion, up 21 percent and supported by continued expansion in consumer lending and deposit growth. Net interest income rose 21 percent to P40.6 billion while noninterest income increased 16 percent to P10.4 billion.
Power unit FDC Utilities Inc. posted a 14-percent increase in net income contribution to P4.9 billion, despite a decline in revenues due to lower spot market activity and reduced coal cost pass-throughs, as cost controls helped cushion the impact.
The company’s property business, which includes Filinvest Land Inc., Filinvest Alabang Inc., and Filinvest REIT Corp., generated P4.6 billion in net income, up 21 percent, driven by higher residential sales and improved mall and rental revenues.
Hotel unit Filinvest Hospitality Corp. contributed P264 million in net income, supported by stronger domestic tourism and higher occupancy rates across its portfolio.
Filinvest said its total assets grew seven percent to P872 billion while maintaining a healthy balance sheet with a net debt-to-equity ratio of 0.36:1.
Filinvest Development shares on Thursday shed P0.30, or 0.71 percent, to close at P4.20 each amid a 0.61-percent drop for the benchmark Philippine Stock Exchange index.
