DMCI Holdings Inc. reported a consolidated net income of P11.8 billion in nine months ended September 2025, a 22-percent drop from P15.1 billion in the same period last year, the diversified engineering conglomerate said Friday in a stock exchange disclosure.
The decline was attributed to weaker earnings from the group’s integrated energy and construction segments, alongside the ongoing integration of its recently acquired cement business.
DMCI’s diversified portfolio provided resilience, as stronger performances from its real estate, nickel mining and off-grid power generation businesses, coupled with higher equity earnings from associates, partially offset the decrease.
It said third-quarter consolidated net income fell 33 percent year-on-year to P2.7 billion, on softer energy markets, weather disruptions in mining operation, and higher production and operating costs across the group.
Semirara Mining and Power Corp. (SMPC), the group’s integrated energy arm, contributed P5.8 billion to the nine-month total, a 34-percent decline from P8.9 billion last year, due to weaker coal and electricity prices and higher production costs. The company noted that record-high shipment volumes and power generation helped cushion the impact.
DMCI Homes, the real estate segment, posted a contribution of P2.7 billion, an 11-percent increase from P2.4 billion, which was led by higher residential revenues from newly recognized accounts and increased rental and finance income.
The group’s construction arm, D.M. Consunji Inc. (DMCI), contributed P187 million, down from P467 million, as project delays, higher costs and conservative revenue recognition weighed on its performance.
DMCI Power posted its highest nine-month contribution of P985 million, up 4 percent from P947 million, supported by stronger energy sales, the commissioning of a new bunker-fired plant in Palawan and a new power supply agreement in Antique.
DMCI Mining recorded a contribution of P726 million, reversing a P17-million net loss last year, on the back of robust nickel prices and higher shipments following the full activation of a new Zambales mine, which expanded operations from one to two active mines.
Concreat Holdings Philippines, the group’s cement subsidiary, posted a net loss of P1.6 billion due to higher financing expenses and softer revenue.
DMCI said the company is implementing strategic initiatives to integrate operations, optimize efficiency and improve its cost structure.
