Filinvest Development posts 24% growth in 2025 net income

Gotianun-led Filinvest Development Corp. (FDC) saw a 24% growth in its bottom line to mark a record-high in 2025, largely on the back of its banking, real estate, and power businesses during the period.

In a regulatory filing, FDC said its attributable net income climbed to P15.0 billion from P12.1 billion in 2024, as total revenues jumped to P120.6 billion from P113.4 billion. Consolidated net income increased 20% to P18.9 billion.

Banking and financial services, which covers EastWest Bank, contributed P7.0 billion to the overall net income, equivalent to 40% of the bottom line. The bank’s net income grew 21% to P9.2 billion, driven by the growth of consumer loand and deposit generation.

The company’s power subsidiary FDC Utilities Inc. saw a 27% decline in revenues and other income due to lower spot market activility and lower coal cost pass-through rates. It recorded a P4.9-billion net income contribution, up 14% year-on-year.

The real estate business, which includes Filinvest Land Inc. (FLI), Filinvest Alabang Inc. (FAI), and Filinvest REIT Corp., delivered a combined P4.9 billion or 28% of the total net income.

The residential segment posted a 15% growth in revenues to P20.2 billion as more mid-rise condominiums and housing developments were complete, while mall and rental revenues climbed 7% to P9.0 billion.

Hotel operations under Filinvest Hospitality Corp. accounted ro P265 million in net income, as revenues stood at P3.8 billion with stronger domestic tourism. —AOL, GMA Integrated News