Filinvest posts record profit for third year as banking, property, power units fuel growth
Filinvest Development Corp. (FDC), the Gotianun Group’s holding company, reported a 24-percent growth in attributable net income to an all-time high of ₱15 billion last year from the ₱12.1 billion generated in 2024.
In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, March 19, the firm said its growth was broad-based with the banking, real estate, and power subsidiaries boosting the 2025 results.
Consolidated net income for the period reached ₱18.9 billion, reflecting a 20-percent year-on-year growth. Total revenues and other income grew six percent to ₱120.6 billion in 2025 from ₱113.4 billion in 2024.
“FDC delivered another year of strong results. As we commemorated our 70th anniversary in 2025, this record performance underscores our capacity to adapt to changing environments and capitalize on opportunities as they arise,” said FDC President and Chief Executive Officer (CEO) Rhoda A. Huang.
Banking and financial services delivered a net income contribution to the group of ₱7 billion, equivalent to 40 percent of FDC’s bottom line. The power subsidiary contributed ₱4.9 billion in net income, or 28 percent of total.
The property business, composed of the real estate and hospitality segments, delivered a combined ₱4.9 billion, or 28 percent of total. The balance of four percent came from other businesses.
Banking subsidiary East West Banking Corp. (EastWest Bank), on a standalone basis, achieved a record net income of ₱9.2 billion in 2025, 21 percent higher than the prior year, driven by steady growth in consumer loans and strong deposit generation.
The power subsidiary, FDC Utilities Inc. (FDCUI), recorded a net income contribution of ₱4.9 billion in 2025, representing a 14- percent increase compared to 2024.
This is despite the 27-percent drop in revenues and other income to ₱17.9 billion in 2025 due to reduced spot market activity and lower coal cost pass-through rates, as this impact was mitigated by a reduction in operational expenses.
FDC’s real estate business, which includes Filinvest Land Inc. (FLI), Filinvest Alabang Inc. (FAI), and Filinvest REIT Corp. (FILRT), generated ₱4.6 billion in net income for the group in 2025, a 21-percent rise from the ₱3.8 billion earned the previous year.
The residential segment experienced a 15-percent growth in revenues, reaching ₱20.2 billion, due to higher project completion of mid-rise condominiums (MRBs) and housing developments, along with a larger number of accounts now recognized as revenue.
Mall and rental revenues also climbed seven percent to ₱9 billion, supported by higher occupancy rates and foot traffic. Hotel operations under Filinvest Hospitality Corp. (FHC) contributed ₱264 million in net income, supported by revenues totaling ₱3.8 billion during the year.