Filinvest Development Corp. (FDC) on Friday reported a 21-percent jump in net income attributable to equity holders of the parent company to P11.5 billion in the first nine months of 2025 from P9.5 billion a year ago on strong growth in its banking and real estate segments.
Consolidated net income rose 19 percent to P14.3 billion from P12 billion in the same period in 2024, with all operating segments posting double-digit profit increases.
“The Filinvest group delivered double-digit profit growth in the first nine months of 2025 despite challenges on some parts of our business,” said FDC president and chief executive Rhoda Huang.
“We remain committed to delivering strong results in the full year 2025 and in the years ahead, even as the business environment continues to evolve, with the support and agility of our people,” said Huang.
Total revenues and other income increased 4.0 percent to P90.3 billion in the first nine months against the same period in 2024.
The banking segment, led by EastWest Bank (EW), was the largest contributor to revenues in the first three quarters, accounting for 49 percent of the conglomerate’s total.
Banking revenues and other income grew by 16 percent to P44.3 billion. EW’s top-line growth was fueled by a 17-percent increase in consumer loans, which pushed net interest income up 18 percent to P29.7 billion.
Consumer lending remained the bank’s core product, representing 85 percent of the total loan book and helping lift the net interest margin to 8.4 percent. Non-interest income also rose 27 percent to P5.3 billion, in line with banking transaction growth.
The real estate business, which includes subsidiaries Filinvest Land Inc (FLI), Filinvest Alabang Inc (FAI) and Filinvest REIT Corp (FILRT), posted 8 percent higher revenues and other income to P23.6 billion due to better performance in the residential industrial and retail segments.
Residential sales grew 13 percent to P15.5 billion, led by demand from the middle-income segment in key areas like CALABARZON, Visayas and Mindanao. Mall and rental revenues climbed 8 percent to P6.9 billion on higher occupancy and foot traffic.
Revenues from hotel operations under Filinvest Hospitality Corp. (FHC) expanded 4 percent to P3 billion, brought about by higher occupancy and spend per guest, as well as improved contributions from the food and beverage and golf segments. FHC’s portfolio includes seven hotels with 1,800 rooms and two 18-hole golf courses.
The power subsidiary, FDC Utilities Inc (FDCUI), saw its revenues and other income decline 27 percent to P13.7 billion in the first nine months on lower spot market activity and a decline in coal cost pass-through rates.
Reduced operational expenses from lower coal prices helped offset the drop in revenues, resulting in a 16 percent improvement in net income contribution to P3.9 billion.
