DoubleDragon Corp., the real estate venture of tycoons Tony Tan Caktiong and Edgar Sia II, is targeting a twentyfold increase in annual profit over the next decade as it pivots toward global expansion and a debt-free balance sheet.

During the firm’s annual stockholders’ meeting, DoubleDragon Co-Chairman Sia said the developer aims to generate ₱50 billion in annual net income and ₱500 billion in consolidated revenue by 2035.

The “10-Year Grand Vision” follows a period of preparation that Sia described as a “battle-hardened” era defined by the pandemic and geopolitical volatility.

DoubleDragon reported net income of ₱2.55 billion for the first nine months of 2025, a 0.7 percent increase from a year earlier. Consolidated revenue jumped 63 percent to ₱10.46 billion in the same period.

The company plans to eliminate its debt by 2035 while generating annual cash dividends exceeding ₱12 billion.

To achieve these targets, DoubleDragon intends to optimize its existing portfolio across the Philippines, completing a footprint in all 82 provinces through direct holdings or subsidiaries.

The growth strategy relies heavily on the international rollout of its Hotel101 Global brand, which aims to operate in 100 countries by 2035. Its 680-room Madrid project is scheduled to begin operations in March 2026.

Sia said the expansion will position DoubleDragon as a significant source of foreign currency inflows for the Philippine economy.

The executive noted that the company’s performance between 2020 and 2025 has prepared the team to “intensely pursue” this next phase of growth.