DMCI Holdings Inc., led by the Consunji family, is “cautiously optimistic” about its business prospects in 2025 as its core power, mining and water units are expected to register better growth this year despite a challenging environment for construction and property.
“We are cautiously optimistic about the operating performance of the group in the short and medium term,” DMCI president and chief executive Isidro Consunji said during the company’s annual shareholders meeting held Tuesday.
“Our priorities will remain focused on disciplined execution, cost control and maximizing synergies within our ecosystem—especially with the recent addition of our cement business. At the same time, we are mindful of external risks, such as elevated interest rates, policy changes and the slower-than-expected recovery in the construction and property sectors,” he said.
Consunji is bullish on four businesses this year: Maynilad Water Services Inc., DMCI Power, DMCI Mining and the power segment of Semirara Mining and Power Corp. (SMPC).
Maynilad is expected to post strong results as demand for water continues to rise. The company is also benefiting from tariff adjustments and ongoing infrastructure investments.
DMCI Power is targeting a 26 percent increase in capacity this year, bringing its total to over 200 megawatts of installed capacity.
Its 15-MW bunker-fired plant in Palawan began operations in March, with the 12-MW Semirara wind project scheduled to become operational in the second quarter.
The rest of the capacity will come from Palawan, Masbate and Antique to meet the growing energy needs in off-grid areas.
DMCI Mining is also expected to benefit from higher nickel prices and new operations. It is also advancing the exploration and permitting of its pipeline assets in Zambales and Palawan.
DMCI Mining is developing its pipeline assets and in talks with Nickel Asia Corp. for a planned processing plant.
Despite headwinds in construction and real estate, DMCI Homes is set to launch a premium leisure project called Moriyama Nature Park in Laguna later this year.
It is also expanding beyond Metro Manila and targeting more affordable and upscale markets across the country.
Due to slower property demand, DMCI Homes is making homeownership more accessible by expanding rent-to-own offerings, introducing more affordable and flexible payment terms and lowering down payment requirements.
“Backed by the group’s strong balance sheet and integrated capabilities, we are confident that these strategies will help us navigate current industry challenges and position us for sustainable growth,” Consunji said.