Gotianun-led Filinvest Development Corp. posted a 30 percent growth in consolidated net income to ₱9.18 billion for the first half of 2025 from the ₱7.06 billion earned in the same period of last year.

Attributable net income rose by a faster 34 percent to ₱7.43 billion from ₱5.54 billion in the same period last year, mainly driven by robust top-line growth and improvements in gross and operating margins across most of the business segments.

The growth was broad-based with Banking, Real Estate, Power, Hospitality, and Sugar posting double-digit profit increases.

“We sustained our strong growth momentum in 2024 to the first half of 2025. All our business units contributed to this performance despite several challenges. We are striving to deliver strong results for the entire year. We are harnessing the energy of the organization to continuously grow the business despite some headwinds,” said FDC President and CEO Rhoda A. Huang.

The banking segment accounted for the bulk of FDC’s attributable profit, contributing 38 percent, followed by the real estate at 17 percent, and the power and utility business at 32 percent of the total.

The sugar and hospitality businesses accounted for the remaining 11 percent and two percent of the total, respectively.

Total revenues and other income improved by six percent year-on-year to ₱58.52 billion, on the back of a four percent growth in core revenues fueled by strong performance across all business segments and 23 percent growth in other income, which came mainly from the banking and real estate segments.

EastWest Banking Corporation delivered the highest net income contribution for the group of ₱3.24 billion in the first half this year, which was a 24 percent improvement over the same period last year, driven primarily by the sustained momentum from its lending portfolio.

The Group’s real estate business, composed of subsidiaries Filinvest Land, Inc. (FLI), Filinvest Alabang, Inc. (FAI), and Filinvest REIT Corp. (FILRT), generated revenues in the first half of 2025 of ₱13.8 billion, nine percent higher than the same period last year, driven by higher residential sales and mall rentals.

Real estate contribution to FDC net income improved by 11 percent to ₱1.5 billion.

For the first half of 2025, the Group’s power and utility business FDC Utilities Inc. generated ₱9.59 billion total revenues and other income, a slight decline of 25 percent against the same period last year due to softer spot market sales and decline in coal cost passthrough rates.

The revenue decline was, however, offset by the reduced cost and expenses from lower fuel costs. This led to FDCUI posting a net income contribution of ₱2.7 billion in the first half of 2025, or an improvement of 28 percent from the same period in 2024.

FDC’s hospitality business’ total revenues and other income were up seven percent year-on-year to ₱2.19 billion. The growth was driven by higher room revenues from higher occupancy, growth in the food and beverage segment, and higher spending per guest in other revenues such as in Mimosa Golf.

In the first half of 2025, the conglomerate’s sugar business recorded ₱997.3 million net income, a 54 percent improvement over last year’s net income from higher milling and raw sugar sales that were pushed up by higher production volume and favorable raw sugar prices.

The Group’s other operations, which consist primarily of head office borrowing cost and expense, incurred a net expense contribution of ₱1.2 billion in the first half of 2025, eight lower than the previous year, due to lower interest expense and improved associates’ operations.