DMCI Holdings Inc. earmarked P24.6 billion in capital expenditures for 2026, up 11 percent from P22.2 billion last year, to support residential construction, off-grid power expansion and cement operation improvements.
The conglomerate announced the spending plan in a stock exchange disclosure, saying that property unit DMCI Homes will receive the largest share at P15.5 billion. The funds are designated for ongoing and new project construction along with land banking activities.
The 2026 investment strategy follows a year of financial contraction. DMCI Holdings reported its 2025 net income fell 20 percent to P15.1 billion from P19 billion in 2024. The company attributed the decline to normalizing contributions from its integrated energy business and losses stemming from the integration of its cement segment.
Semirara Mining and Power Corp. remained the largest contributor to the group despite its earnings falling 33 percent to P7.3 billion. The energy unit faced downward pressure from softer energy prices, reduced shipments and higher production costs.
Offsetting some of the energy decline, water utility Maynilad contributed P3.7 billion, an 11 percent rise supported by tariff adjustments and network efficiencies. Real estate unit DMCI Homes also saw growth, with its contribution rising 14 percent to P3.3 billion on the back of higher residential revenues and rental income.
The group’s power and mining segments showed resilience as DMCI Power booked a record contribution of P1.3 billion. DMCI Mining reported a 276-percent surge to P924 million, fueled by a recovery in nickel prices.
For the 2026 expansion, DMCI Power plans to spend P3.3 billion to fund 44 megawatts of new capacity in Palawan, Occidental Mindoro and Calapan. Concreat Holdings Philippines set aside P2.9 billion for plant capacity improvements and maintenance, following a net loss of P1.9 billion in 2025 caused by high financing expenses and lower selling prices.
The remaining 2026 budget will fund power plant maintenance for Semirara at P1.9 billion, equipment re-fleeting for construction arm D.M. Consunji Inc. and mine development for DMCI Mining Corp.
