Diversified engineering conglomerate DMCI Holdings Inc. reported a 22-percent drop in consolidated net income to ₱11.8 billion for the first nine months of 2025 from ₱15.1 billion in the same period last year.

In a disclosure to the Philippine Stock Exchange (PSE), the firm said, “The contraction was primarily due to weaker earnings from the integrated energy and construction segments, alongside the ongoing integration of the recently acquired cement business.”

It added that, “Despite the challenges in some of the core businesses, the diversified portfolio provided resilience. Stronger performance from real estate, nickel mining, and off-grid power generation, as well as higher equity earnings from associates partially offset the decline.”

For the third quarter alone, consolidated net income fell 33 percent year-on-year to ₱2.7 billion, reflecting softer energy markets, weather disruptions in mining operations, as well as higher production and operating costs across the group.

For the nine-month period, Semirara Mining and Power Corp. contributed ₱5.8 billion, down 34 percent from ₱8.9 billion last year, following weaker coal and electricity prices and higher production costs.

Record-high volume growth in shipments and power generation helped mitigate the impact.

DMCI Homes contributed ₱2.7 billion, up 11 percent from ₱2.4 billion, driven by the increase in residential revenues from newly recognized accounts during the period, as well as higher rental and finance income.

DMCI Power posted its highest-ever nine-month contribution of ₱985 million, up four percent from ₱947 million, supported by increased energy sales and new bunker-fired plant in Palawan and a new power supply agreement (PSA) in Antique.

DMCI Mining contributed ₱726 million, reversing a ₱17-million net loss last year, on the back of robust nickel prices and higher shipments following the full activation of a new Zambales mine, which expanded the number of active mines from one to two.

D.M. Consunji Inc. contributed ₱187 million, down from ₱467 million, impacted by project delays, increased project costs, and conservative revenue recognition.

Concreat Holdings Philippines contributed a net loss of ₱1.6 billion, reflecting higher financing expenses and softer revenue. The company is implementing strategic initiatives and investments to integrate operations, optimize efficiency, and improve its cost structure.

Equity earnings contribution from associates and the parent company increased 23 percent to ₱3.1 billion, from ₱2.5 billion, reflecting higher combined contributions across investments.