DMCI Holdings Inc. posted a 26 percent increase in consolidated net income for the first half of the year to ₱11.4 billion compared with ₱9 billion in the same period last year, buoyed by record earnings from nickel mining and a sharp reduction in losses from its cement operations.

The diversified engineering conglomerate reported that profit growth during the six-month period was strong enough to offset lower contributions from its energy unit, Semirara Mining and Power Corp., and a reduced share of earnings from water utility Maynilad Water Services Inc. following the dilution of DMCI’s stake after Maynilad’s initial public offering.

Consolidated revenues for the first six months rose 10 percent year-on-year to ₱67.5 billion from ₱61.6 billion. The top-line expansion reflected higher electricity sales volumes and tariffs, stronger cement and nickel pricing and shipments, and accelerated completion rates across real estate developments alongside fewer contract cancellations.

For the second quarter alone, DMCI’s net income expanded 61 percent to ₱6.5 billion from ₱4 billion in the second quarter of 2025. Broad-based improvements across integrated energy, real estate, off-grid power, construction, and cement operations drove the quarterly acceleration, comfortably countering the earnings contraction at Maynilad.

DMCI Mining Corp. generated record attributable net income of ₱1.74 billion for the first half, up 130 percent from ₱753 million a year earlier. In the second quarter, the nickel unit’s profit surged nearly fourfold to ₱1.3 billion from ₱344 million, aided by record shipment volumes following the full-quarter contribution of the Long Point mine, which expanded the company’s operating mine count from two to three.

Cement subsidiary Concreat Holdings Philippines Inc. narrowed its first-half net loss by 83 percent to ₱207 million from ₱1.23 billion last year. The business approached profitability in the second quarter, posting an attributable loss of ₱4 million compared with a ₱682 million loss in the prior-year period. Higher selling prices, increased sales volumes, and continuous operational efficiency improvements underpinned the turnaround.

Real estate arm DMCI Homes delivered a 19 percent increase in first-half profits to ₱2.33 billion from ₱1.95 billion. Second-quarter net income rose 49 percent to ₱1 billion from ₱705 million, driven by higher residential revenue recognition, improved operating margins, and reduced cancellation reversals.

Construction unit D.M. Consunji Inc. reported a 254 percent jump in first-half net income to ₱241 million from ₱68 million, supported by improved project execution margins. Second-quarter contribution rose to ₱195 million from ₱18 million a year ago.

Off-grid provider DMCI Power Corp. registered a 10 percent increase in six-month net profit to ₱708 million from ₱644 million. Second-quarter earnings grew nine percent to ₱406 million from ₱374 million, propelled by record quarterly energy sales following new capacity additions in Masbate and Antique.

Semirara Mining and Power Corp. recorded a one percent dip in first-half contribution to ₱4.74 billion from ₱4.8 billion. However, its second-quarter performance rebounded 17 percent to ₱2.7 billion from ₱2.3 billion, as record generation from its power division offset weakness in coal operations. At the SMPC standalone level, power generation accounted for 96 percent of second-quarter earnings, while coal accounted for four percent.

Maynilad Water Services Inc. contributed ₱1.53 billion to group net income in the first half, down 20 percent from ₱1.9 billion a year earlier. Second-quarter attributable income fell 17 percent to ₱810 million from ₱974 million, reflecting DMCI’s lower effective ownership percentage post-IPO.