Global Dominion, a leading financing company in the Philippines, has shown significant growth amid a challenging economic environment. The firm’s revenue surged 23 percent year-over-year to a record 2.62 billion pesos, driven by strategic expansion, market entry, and a diversified product portfolio, according to finance officer Tom Laderas.
The company has also invested in talent acquisition, branch expansion, and enhanced marketing efforts, leading to a strong operating profit margin of 22 percent and a net operating income of 518 million pesos. Its cash flow remains robust, supporting continued growth and expansion. Non-performing loans are low, comprising only 0.9 percent of net loan receivables, while expected credit loss (ECL) decreased from 1.7 percent to 1.12 percent, reflecting effective risk management. The debt-to-equity ratio stands at 3.19 times, below financial covenants, allowing for further external funding opportunities.
Global Dominion allocated 391 million pesos to salaries and employee benefits and paid 488 million pesos in taxes, demonstrating its commitment to regulatory compliance and community support.
“Looking ahead, we are optimistic about our future, with a double-digit growth in net income in Q1 2024 and new loan bookings of 2.337 billion pesos from January to April 2024,” Laderas said.
Patricia Poco-Palacios, President and Managing Director, emphasized the company’s focus on disciplined execution, strategic investments, and value delivery to stakeholders.
Founded in 2003, Global Dominion operates over 100 locations nationwide, aiming to foster growth and improve lives. For more information, visit gdfi.com.ph.
