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Manila Bulletin devider Business devider The Stock Market devider DMCI net income slips on weaker returns from Semirara, Maynilad

DMCI net income slips on weaker returns from Semirara, Maynilad

Published May 8, 2026 09:36 am
DMCI Holdings Inc. reported a slight decline in first-quarter profit as weaker returns from its coal and water units tempered gains in its real estate and mining divisions.
The engineering conglomerate controlled by the Consunji family said that consolidated net income fell two percent to ₱4.9 billion in the three months of the year compared with ₱5 billion in the same period a year earlier.
DMIC said the decline was driven by challenges facing the group’s energy segment, even as its diversified portfolio provides a cushion against fluctuating market conditions.
Semirara Mining and Power Corp., the company’s biggest earnings driver, saw its contribution drop 13 percent on the back of weaker plant performance and reduction in coal shipments.
Meanwhile, Maynilad Water Services Inc. contributed ₱714 million, a 23 percent slide from the previous year. While the utility's operating performance improved, DMCI’s bottom line was hit by a lower effective ownership stake following Maynilad’s recent initial public offering.
“Our diversified portfolio continued to provide stability despite uneven market conditions,” Isidro A. Consunji, DMCI chairman and president, said. “While some businesses are facing near-term pressures, we continue to see encouraging performance from our business units.”
The real estate arm, DMCI Homes, provided a boost to the group with a three percent increase in earnings to ₱1.3 billion supported by higher residential revenues and the rise in rental income, aided by a decrease in unit cancellations.
DMCI Mining Corp. also reported an eight percent increase in profit to ₱440 million, bolstered by the start of commercial operations at its Long Point mine in March. The new site brings the company’s total number of active mines to three.
In the off-grid sector, DMCI Power registered its contribution rose 12 percent to ₱302 million on the back of higher energy sales and expanded capacity in Palawan, Antique, and Masbate. However, the specialized construction unit, D.M. Consunji Inc., recorded a six percent dip in earnings to ₱47 million as it grappled with project delays and a thinning pipeline of ongoing work.
CEMEX Asian South East Corp. subsidiary Concreat Holdings Philippines, which DMCI recently integrated, narrowed its net loss to ₱203 million from ₱546 million a year ago.
The company credited the improvement to higher sales volumes and increased operating efficiencies during its first full year under DMCI management.
The company’s board declared a regular cash dividend of ₱0.30 per share, totaling approximately ₱4 billion. The payout represents 27 percent of DMCI’s 2025 core net income of ₱14.9 billion, maintaining the firm’s policy of distributing at least a quarter of its prior-year core earnings.
Shareholders of record as of May 21 will receive the payment on June 5. (James A. Loyola)

Related Tags

DMCI Holdings Inc. Isidro A. Consunji Semirara Mining and Power Corp. (SMPC) Maynilad Water Services Inc. DMCI Homes D.M. Consunji Inc. Concreat Holdings Philippines Inc. DMCI Homes DMCI Power
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