DMCI Holdings Reports Significant Profit Decline in First Nine Months
Diversified conglomerate DMCI Holdings Inc. announced on Thursday that its financial performance has faced substantial headwinds during the first three quarters of 2025. The company reported that its nine-month net income dropped by 22 percent, falling to P11.8 billion from the P15.1 billion recorded during the same period last year.
The disappointing results stemmed from multiple challenges across the conglomerate's business portfolio. Weaker performance from both the energy and construction divisions contributed significantly to the decline, while the company also absorbed integration expenses related to its recently acquired cement operations.
Third Quarter Performance Shows Steeper Decline
The company's financial picture worsened during the third quarter, with profit declining by 33 percent to P2.7 billion. This accelerated downturn resulted from a combination of factors that impacted multiple business units simultaneously.
Softer conditions in energy markets created revenue pressure, while weather-related disruptions hampered mining operations. The company also faced increased operational costs that further squeezed profit margins during the July-September period.
Mixed Results Across Business Units
An analysis of individual subsidiary performance reveals a varied picture across DMCI's diversified portfolio:
Semirara Mining and Power Corp., typically a major contributor, saw its earnings fall by 34 percent to P5.8 billion, reflecting the challenging conditions in both mining and power generation.
In contrast, DMCI Homes delivered positive results with an 11 percent increase in earnings, reaching P2.7 billion and demonstrating resilience in the property development sector.
DMCI Power achieved a record performance with earnings of P985 million, while DMCI Mining successfully turned around its operations to post a P726 million profit after previous struggles.
The construction arm, D.M. Consunji Inc., contributed P187 million to the group's earnings. However, Concreat Holdings reported a substantial loss of P1.6 billion, weighing on the overall results.
Bright Spots Amid the Challenges
Despite the overall decline, the conglomerate found some relief through its investment portfolio. Equity earnings from associates increased by 23 percent to P3.1 billion, providing a crucial cushion that helped mitigate the broader downturn.
This diversification benefit underscores the strategic value of DMCI's investment approach, even as core operations face temporary challenges in current market conditions.
The mixed performance across business units highlights the conglomerate's exposure to multiple economic sectors, with some divisions demonstrating strong growth potential despite overall headwinds in the energy and construction markets.
