Filinvest Development Corp. (FDC) of the Gotianun family earmarked P24 billion for 2025 capital expenditures, up 20 percent from P20 billion it spent in 2024, primarily to bankroll the expansion of its core businesses.
FDC president and chief executive Rhoda Huang said in a recent press briefing nearly half or 47 percent of the P24 billion capital spending would support the expansion of its real estate business.
Huang said that while demand for housing in National Capital Region was soft, demand outside Metro Manila remained strong.
Another 40 percent will go to expansion plan for different subsidiaries, including financial services, hotel, renewable energy and power generation.
The remainder will go into the company’s digitalization programs and investments in shared services.
Huang said the company remains focused on boosting the growth of core businesses to sustain its growth momentum.
As the economy is being boosted by strong consumption, Huang expects real estate, banking and power generation businesses to continue be “pillars of growth” for FDC.
The group is also focusing on expanding in sectors that complement existing businesses such as hotel management and food and beverage.
FDC recorded a 36-percent rise in attributable net income in 2024 to P21.1 billion from P8. 9 billion in 2023, reflecting growth across all business segment.
The growth is in line with group’s five-year strategy to grow its net income by 20 percent annually.
Consolidated sales jumped 22 percent to an all-time high of P113.4 billion in 2024 on the back of the double-digit improvement across all businesses.
