Consunji-led DMCI Holdings Inc. reported a net income of P5.1 billion in the first quarter of 2025, a 9 percent decrease from P5.6 billion in the same period last year. The decline was mainly due to stabilizing coal prices and the integration of its newly acquired cement business.
Despite the drop, the company’s core businesses in real estate, water, mining, and off-grid power helped cushion the impact.
“Market conditions today are very different from five years ago, but our businesses have adapted well,” said DMCI chairman and chief executive Isidro Consunji.
“We continue to pursue organic growth across the portfolio, while laying the groundwork for a successful transformation of our cement operations.”
Semirara Mining and Power Corp. remained the largest contributor with P2.5 billion, down 31 percent from P3.7 billion. The decline was due to stabilizing coal prices and a shift to lower-grade coal.
DMCI Homes saw its income jump 56 percent to P1.4 billion, from P879 million, driven by new accounts, forfeitures, rentals, and finance income.
Maynilad Water Services, an associate, contributed P926 million, up 39 percent from P664 million, due to higher tariffs and lower cash costs.
DMCI Power posted a 2 percent rise in income to P270 million, while DMCI Mining swung to a P409 million profit from a P22 million loss on stronger operations, activation of a second mine in Zambales and better nickel pries.
However, D.M. Consunji, Inc. saw its income decline to P50 million from P98 million due to project delays and higher costs.
Concreat Holdings Philippines, the Group’s cement arm, recorded a net loss of P546 million due to reduced volumes and higher interest expenses. Integration efforts are ongoing.
The company also began its transition under the DMCI Group, with integration efforts underway to support future improvements.
