DMCI Holdings is significantly increasing its investments, allocating P24.6 billion across its key businesses this year – an 11% jump from the previous year’s budget. This substantial capital injection signals a bold move to fuel growth in residential projects, expand renewable energy capabilities, and modernize cement production.
The largest portion, P15.5 billion, is earmarked for DMCI Homes, the company’s property development arm. While slightly lower than the previous year’s allocation, this funding will be critical for both completing existing developments and strategically acquiring new land, adapting to the ever-changing real estate landscape.
Beyond property, DMCI Power is set to receive P3.3 billion, focused on adding 44 megawatts of power capacity to areas in Palawan, Occidental Mindoro, and Calapan. This expansion underscores a commitment to providing reliable energy solutions to communities beyond the main grid.
Significant investments are also planned for other subsidiaries. Concreat Holdings Philippines will receive P2.9 billion for vital plant upgrades and maintenance, while Semirara Mining and Power Corp. will dedicate P1.9 billion to power plant upkeep. Even the core construction and mining operations are receiving substantial upgrades.
The company navigated a challenging 2025, reporting a 20% decrease in net income to P15.1 billion. This decline was largely attributed to fluctuating energy market conditions and the initial integration costs of its cement business.
Despite these headwinds, several sectors demonstrated resilience. Real estate, construction, water, nickel mining, and off-grid power all contributed to offsetting the overall decline, showcasing the diversification of DMCI’s portfolio.
Semirara Mining and Power Corp., traditionally the group’s biggest earner, saw its contribution fall to P7.3 billion, a 33% decrease. Softer energy prices and increased production costs were key factors, though record coal production and power generation helped mitigate the impact.
Maynilad, the water utility, proved a bright spot, increasing its contribution to P3.7 billion – an 11% rise. This growth was driven by approved tariff adjustments, a stable customer base, and improvements in network efficiency.
DMCI Homes also experienced growth, posting P3.3 billion in earnings, a 14% increase. This success was fueled by strong residential sales, increased rental income, and a favorable settlement from a previous investment.
DMCI Power achieved a record contribution of P1.3 billion, bolstered by record energy sales and expansions in Palawan and Antique, demonstrating the growing demand for its off-grid solutions.
A remarkable turnaround was seen in DMCI Mining, with earnings soaring 276% to P924 million. This surge was driven by rising nickel prices, increased output from Zambales, and the successful launch of the Long Point mine, resulting in record nickel ore production.
Even D.M. Consunji, Inc., the construction arm, saw a slight increase in earnings, driven by progress on new projects. However, Concreat Holdings Philippines faced challenges, reporting a net loss due to financing costs and price pressures, though improvements are underway.
The fourth quarter of 2025 saw a 14% decline in consolidated net income to P3.3 billion, impacted by the energy and cement sectors, as well as changes in ownership within Maynilad following its public offering.
News of the increased capital expenditure and the 2025 financial results led to a slight dip in DMCI Holdings’ stock price, closing at P9.61 per share on Tuesday.
