Banking boosts FDC bottom line by 24%

Filinvest Development Corp. (FDC) reported a record net income of P15 billion attributable to equity holders last year, surging 24 percent thanks to robust contributions from its banking, real estate and power units.

The Gotianun-led conglomerate on Thursday said consolidated net income reached P18.9 billion, a 20-percent jump.

Total revenues and other income rose to P120.6 billion from P113.4 billion previously.

“FDC delivered another year of strong results. As we commemorate our 70th anniversary in 2025, this record performance underscores our capacity to adapt to changing environments and capitalize on opportunities as they arise,” said Rhoda Huang, president and CEO of FDC.

Growth was broad-based, with banking and financial services accounting for the largest share of earnings at P7 billion or 40 percent of the total.

FDC’s electricity business and property business each contributed P4.9 billion or 28 percent of the total.

EastWest Bank delivered a record P9.2 billion in standalone net income, up 21 percent due to sustained expansion in consumer loans and deposits.

The bank’s consumer lending portfolio grew 15 percent and made up 84 percent of total loans. This helped lift net interest income by 21 percent to P40.6 billion.

Noninterest income likewise increased 16 percent to P10.4 billion, while return on equity stood at 11.9 percent.

Meanwhile, FDC Utilities, Inc. posted a 14-percent rise in net income, contributing to P4.9 billion.

See Also

BIR blocks P461M in potential tax losses from hot tobacco

This came despite a 27-percent drop in revenues to P17.9 billion due to weaker spot market activity and lower coal cost pass-through rates, as lower operating expenses helped cushion the decline.

The real estate segment, which includes Filinvest Land, Filinvest Alabang and Filinvest REIT, generated P4.6 billion in earnings, up 21 percent.

Residential revenues climbed 15 percent to P20.2 billion on higher project completions. Mall and rental income rose 7 percent to P9 billion amid improved occupancy and foot traffic.

Hotel operations contributed P264 million in net income, supported by P3.8 billion in revenues as domestic tourism boosted occupancy rates and room prices across its seven properties.

FDC ended 2025 with total assets of P872 billion, up 7 percent. It maintained a manageable leverage, with a debt-to-equity ratio of 0.59:1 and a net debt-to-equity ratio of 0.36:1.