Consunji-led DMCI Holdings Inc. is cautiously optimistic about the operating performance of the group in the short and medium term based on the bullish prospects of its power, mining, and water.
DMCI bullish on prospects of power, mining, water businesses
During the firm’s annual stockholders’ meeting, DMCI Chairman Isidro A. Consunji said the diversified engineering conglomerate’s growth will be driven by the better plant performance of Semirara Mining and Power Corporation’s Calaca plants.
He added that, growth will also be fueld by capacity expansions at DMCI Power and DMCI Mining while “we are also optimistic about the growing demand for electricity and water.”
Also seen to contribute to growth will be the revenue recognition from DMCI Homes’ post-pandemic sales recovery and progress in D.M. Consunji Inc.’s new building and infrastructure projects, including the Metro Manila Subway and the South Commuter Railway contract packages in our order book.
“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,” Consunji noted.
However, he pointed out that, “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.”
Maynilad is expected to perform well with rising water demand, tariff adjustments, and continues improvements in non-revenue water, following sustained investments in water and wastewater infrastructure.
DMCI Power is positioned to benefit from growing electricity demand in off-grid areas and performance should improve further with the addition of 43 megawatts in new capacity this year—a 26 percent increase from its 2024 capacity of nearly 160 megawatts.
This includes of 12 megawatts from the Semirara Wind Farm, with the remaining capacity coming from fossil and bunker-based fuel sources.
DPC is likewise actively exploring opportunities through Competitive Selection Processes that align with government initiatives to broaden energy access in the off-grid communities.
“For DMCI Mining, we see upside from the recovery in nickel ore prices and the start of commercial operations at the Zambales Chromite Mining Company. The Long Point mine in Palawan is also in the final stages of permitting, which could bring the number of active mines to three this year,” said Consunji.
He said DMCI Mining is advancing the exploration and permitting of its pipeline assets, and exploring the feasibility of a value-added processing plant in partnership with Nickel Asia Corporation and probably other nickel miners and investors.
“In 2025, we see improved production prospects in Zambales, with a capacity two million wet metric tons. We are also cautiously optimistic about Palawan, pending the issuance of the necessary permits and approvals for the Long Point mine,” said Consunji.
SMPC’s power segment is also expected to deliver stronger results with the full-year operation of SCPC Unit 2 at 300 megawatts, along with improved power availability across the board.
Consunji said SMPC is revisiting its plans for the 2x350-megawatt St. Raphael Power Generation project to help meet the country’s growing baseload energy needs in the medium term.
DMCI Homes is expanding its leisure development portfolio with the launch of Moriyama Nature Park in Laguna later this year. This premium Japanese onsen-inspired project destination is designed to tap into the rising demand for domestic tourism among Filipino families and travelers.
Beyond leisure, DMCI Homes is also set to broaden its product offerings as well as expanding beyond its core Metro Manila and mid-income markets to cater to a wider range of buyers.
Upcoming launches will be more geographically diverse, to reach emerging cities outside the NCR, tapping into upscale markets and and introducing more affordable options, while maintaining the signature DMCI Homes quality.
To make homeownership more accessible, DMCI Homes expanded its rent-to-own offerings, introduced more affordable and flexible payment terms, and lowered downpayment requirements.
“These initiatives are showing strong results: sales of ready-for-occupancy units grew by 71 percent to ₱2.9 billion in the first quarter.
“Since launching the program in 2022, rent-to-own transactions have generated nearly 1,800 units. We expect this to grow even faster in the next two years as we ramp up our promotional efforts and expand availability across more projects,” Consunji said.