Filinvest Development Corp. (FDC) saw its net income rise in the first nine months, driven by strong performances in its banking, real estate, power, hospitality, and sugar businesses.

In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Nov. 14, FDC said it has recorded a 21-percent increase in its net income to ₱11.5 billion, while its total revenues and other income slightly climbed by four percent to ₱90.3 billion compared to the same period last year.

Rhoda A. Huang, FDC president and chief executive officer (CEO), affirmed that the company expects to deliver stronger results before the end of the year.

“The Filinvest group delivered double-digit profit growth in the first nine months of 2025 despite challenges on some parts of our business,” she said.

“We remain committed to delivering strong results in the full-year 2025 and in the years ahead, even as the business environment continues to evolve, with the support and agility of our people.”

Among Filinvest’s businesses, banking had the largest revenue share during the first three quarters of the year, with 49 percent; followed by real estatem, with 26 percent; power, 15 percent, and hospitality, three percent.

From January to September, FDC’s EastWest Bank increased its consumer loans by 17 percent, effectively raising the net income by ₱29.7 billion during this period.

Its power subsidiary, FDC Utilities Inc. (FDCUI), suffered from lower spot market activity and decline in coal cost pass-through rates. This, in turn, decreased its revenues and other income by 27 percent to ₱13.7 billion.

Filinvest Land Inc. (FLI), Filinvest Alabang Inc. (FAI), and Filinvest REIT Corp. (FILRT) had a combined eight-percent climb in revenues as residential sales expanded to ₱15.5 billion, while mall and rental revenues had an eight-percent improvement to ₱6.9 billion.

Revenues from hotel operations reached ₱3 billion, brought by higher occupancy and spend per guest, and contributions from the food and beverage and golf business.