GOTIANUN-LED Filinvest Development Corp. (FDC) plans to allocate about P27.6 billion in capital expenditure (capex) for this yr to support expansion and system upgrades.
The 2026 capex is 11.3% higher than the P24.8 billion budgeted for 2025, FDC Chief Finance Officer Ven Christian S. Guce said during a briefing on Wednesday.
“About 48% of that will probably be going toward expansion-related projects. We’re expanding capability for our businesses. There are real estate projects that we’re just completing,” he said.
Mr. Guce said the corporate has no recent real estate or condominium projects within the pipeline and is specializing in selling existing inventory.
“We’re ending our hotel in Baguio. We’re also constructing a wastewater sewage treatment plant in Filinvest City in Alabang, which can allow us to also supply water to a growing city. After which, we’re spending one other P2.7 billion to support the digital transformation group…deploying AI competency training, AI tools,” he added.
He said the group can also be upgrading key systems, including enterprise resource planning (ERP), project management, construction management, and business performance tools, under the oversight of Chief Operating Officer Ysmael V. Baysa.
“Per segment, 40% goes to power, 38% is to real estate. Then the opposite 10% is for banking. On the banking side, we’re spending about P2.67 billion this yr. A big a part of that can also be toward the digital transformation of the bank,” he said.
Meanwhile, FDC President and Chief Executive Officer Rhoda A. Huang said the corporate is reviewing spending to implement cost controls and prioritize essential projects.
“Anything on the subject of, now, energy conservation, where we will contain costs, even in capex, so we move into critical capex — critical capex that may potentially still move the needle, right?” she said.
In 2025, FDC reported an attributable net income of P15.01 billion, up 23.7% from P12.13 billion in 2024.
The corporate said the rise was driven by contributions from its banking, real estate, and power units.
The banking and financial services segment contributed P7 billion, or 40% of total net income. Power unit FDC Utilities, Inc. accounted for P4.9 billion, up 14% yr on yr.
The true estate segment, including Filinvest Land, Inc. and Filinvest REIT Corp., generated P4.6 billion, up from P3.8 billion in 2024. Residential revenues rose 15% to P20.2 billion.
Hotel operations under Filinvest Hospitality Corp. posted P264 million in net income on revenues of P3.8 billion.
FDC has interests in banking through East West Banking Corp., in real estate through Filinvest Land, Inc. and Filinvest Alabang, Inc., and in power through FDC Utilities, Inc. It also operates within the hotel sector through Filinvest Hospitality Corp.
FDC shares last traded on March 25 at P4.24 apiece. — Alexandria Grace C. Magno