FDC bullish on 2026 operations

Gotianun family-led Filinvest Development Corp. (FDC) is bullish about keeping its “strong” financials, with its banking, power and sugar businesses showing increasing momentum.

“We’re still optimistic about 2026. Of course, it is more challenging than 2025, but we’re optimistic about the outlook,” FDC chief operating officer Ysmael Baysa told reporters in a chance interview last week.

“We look forward to continuing strong profit growth,” he added.

In the first nine months of 2025, FDC booked a double-digit growth, with its net income up 21 percent to P11.5 billion from P9.5 billion a year ago.

Total revenues and other income had also modest gains of 4 percent, reaching P90.3 billion.

Supporting this optimism, Baysa said Filinvest is not hitting the brakes on its investments. He said the group’s capital expenditures this 2026 would be “a bit comparable to the previous years.”

In 2025, the company earmarked P24 billion for capital spending.

Baysa said that for this year, the firm is allocating more for its power unit as the latter builds its portfolio.

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In a separate interview, Juan Eugenio Roxas, FDC Utilities president and CEO, said the company will inaugurate this month its newest facility in Misamis Oriental. Roxas said it is the “biggest solar farm in Mindanao.”

FDC Utilities, the group’s power arm, has also been participating in the government’s green energy auction program.

Two more projects located in Cotabato and Soccksargen are set to start construction this year.

While focused on Mindanao, Roxas said the firm may also expand in other regions “if there is an opportunity.”