FILINVEST Development Corp. (FDC) said its 2025 attributable net income reached P15.01 billion, a 23.7% increase from the P12.13 billion recorded in 2024.
In a disclosure on Thursday, the corporate attributed this performance to broad-based growth across its key business segments, specifically citing that “banking, real estate and power subsidiaries boosting FDC’s 2025 results.”
The Gotianun-led conglomerate said that the 2025 result “was the very best profit recorded by the Filinvest Group in its history.”
Consolidated net income for the period rose by 20.2% to P18.88 billion from P15.70 billion in 2024. Total revenues and other income (gross revenue) grew 6.3% to P120.57 billion from P113.45 billion within the preceding 12 months.
The banking and financial services segment remained the first contributor, providing P7 billion or 40% of the group’s bottom line.
Standing alone, EastWest Bank (EW) achieved a record net income of P9.2 billion, which was “driven by regular growth in consumer loans and powerful deposit generation.”
The bank’s “consumer lending portfolio, which yields high returns, increased by 15% and contributed 84% of the full loan base,” while net interest income rose 21% to P40.6 billion.
The facility subsidiary, FDC Utilities, Inc., contributed P4.9 billion to the group’s net income, a 14% increase 12 months on 12 months.
The corporate noted that while segment revenues declined by 27% to P17.9 billion “resulting from reduced spot market activity and lower coal cost pass-through rates, this impact was mitigated by a discount in operational expenses.”
The true estate business, including Filinvest Land, Inc. and Filinvest REIT Corp., generated P4.6 billion, up 21% from the P3.8 billion earned in 2024.
The residential segment saw a 15% revenue increase to P20.2 billion “resulting from higher project completion of mid-rise condominiums and housing developments, together with a bigger variety of accounts now recognized as revenue.”
Hotel operations under Filinvest Hospitality Corp. contributed P264 million in net income, supported by P3.8 billion in revenues.
The corporate noted that “stable domestic tourism strengthened occupancy rates and drove increases in average room rates across its seven properties.”
FDC’s portfolio currently encompasses roughly 1,800 rooms under the Crimson, Quest, and Timberland Highlands brands.
FDC President and Chief Executive Officer Rhoda A. Huang said: “FDC delivered one other 12 months of strong results. As we commemorated our 70th anniversary in 2025, this record performance underscores our capability to adapt to changing environments and capitalize on opportunities as they arise.”
The group’s total costs and expenses for 2025 reached P96.33 billion, a 3.7% increase from P92.89 billion in 2024.
A big cost reduction was seen in power operations, which fell 42.2% to P9.65 billion from P16.69 billion.
Conversely, banking and financial services expenses rose 20.9% to P39.71 billion.
As of Dec. 31, 2025, FDC’s total assets grew by 7.2% to P872.09 billion.
The corporate maintained a “healthy balance sheet” with a debt-to-equity ratio of 0.59:1 and a net debt-to-equity ratio of 0.36:1.
FDC shares went down by 0.71% to P4.20 per share on Thursday. — Alexandria Grace C. Magno