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Manila Bulletin devider Business devider The Stock Market devider Filinvest earns highest credit rating for strength, stability

Filinvest earns highest credit rating for strength, stability

Published Jul 25, 2025 04:09 pm
Filinvest Development Corporation (FDC) has been assigned the highest Issuer Credit Rating of PRS Aaa (corp..), with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings) in relation to its planned ₱8.0 billion preferred share offering.
The ratings agency stated that an Issuer Credit Rating is an opinion on the general and overall creditworthiness of the company, evaluating its ability to meet all its financial obligations within a one-year time horizon.
A company rated PRS Aaa (corp.) has a very strong capacity to meet its financial commitments relative to that of other Philippine corporates, while a Stable Outlook indicates that the assigned rating is likely to be maintained in the next 12 months.
PhilRatings also maintained its Issue Credit Rating of PRS Aaa, with a Stable Outlook, for FDC’s ₱10.0 billion outstanding bonds. Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor’s capacity to meet its financial commitment on the obligation is extremely strong.
The assigned credit ratings and corresponding Outlook take into account FDC’s experienced and professional management; proven track record and established brand names of key revenue contributors; solid profitability on the back of sustained growth in earnings; and conservative capital structure.
FDC is a diversified holding company with investments in real estate, banking and financial services, hospitality, utilities, sugar and infrastructure.
The Company’s real estate and banking operations were the highest contributors in terms of revenues and other income, accounting for 24.8 percent and 44.7 percent, respectively, in 2024.
FDC registered a record high total revenues and other income of ₱113.4 billion in 2024, up by 22 percent from 2023. Continued growth was supported by double-digit improvement in contributions from all the Company’s business segments.
Consolidated net income jumped by 29 percent to ₱15.7 billion while net income attributable to equity holders of the parent company likewise climbed by 36 percent to ₱12.1 billion.
FDC sustained its growth momentum in the first quarter of 2025, recording an 11 percent improvement in its total revenues and other income to ₱29.3 billion. Consolidated net income amounted to ₱4.5 billion, up by 21 percent as attributable net income rose by 25 percent to ₱3.6 billion.
Going forward, FDC expects to sustain the double-digit growth in its earnings, mainly driven by higher revenues from its banking, real estate and power operations. Margins and returns are also expected to further improve over the projected period.

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