DMCI Holdings Inc. said it posted a net income of P4 billion in the second quarter of 2025, a 27-percent decline from P5.5 billion in the same period last year on lower contributions from its core coal, real estate and construction businesses.
The integration of its newly-acquired cement operations also contributed to lower second-quarter earnings, DMCI said Wednesday in a disclosure to the stock exchange.
The higher earnings from the water distribution, nickel mining and off-grid power segments helped cushion the decline.
First-half consolidated net income also dropped 18 percent to P9.1 billion from P11.1 billion in the first half of 2024.
“Business transition and integration take time, but our diverse business mix and engineering ecosystem continue to support the Group. We believe that the improvements we are making today will lead to meaningful value for our stakeholders in the long run,” said DMCI Holdings chairman and chief executive Isidro Consunji.
Coal mining and power generation unit Semirara Mining and Power Corp. contributed P2.3 billion to total earnings in the second quarter of the year, down 32 percent from P3.4 billion, as soft energy market conditions drove down selling prices.
Record-high second-quarter coal shipments and power sales partially mitigated the impact.
DMCI Homes contributed P678 million, an 8-percent decline from P737 million due to higher operating and finance costs.
Maynilad Water Services grew its contribution by 33 percent to P973 million, from P732 million, driven by higher average effective tariff and prudent cost management.
DMCI Power delivered P374 million, up 5 percent from P355 million, on higher energy sales and the addition of new bunker-fired and wind power capacities in Palawan and Antique, respectively.
Meanwhile, DMCI Mining returned to profitability with a net income of P344 million, from P43-million net loss a year earlier.
The turnaround was largely due to improved selling prices and operational performance, following the full activation of Zambales Chromite Mining Company (ZCMC), which doubled the number of active mines.
Construction arm D.M. Consunji Inc. posted a lower contribution of P18 million, coming from P250 million in the previous year, due to higher project costs, delays and conservative revenue recognition.
Cement manufacturing unit Concreat Holdings Philippines incurred a net loss contribution of P682 million, due to higher interest expense and softer revenues.
DMCI said recovery efforts are underway, with improvements aimed at enhancing sales and reducing costs through operating efficiencies and distribution network optimization.
