DMCI Holdings Inc. has set its capital expenditure this year at P70 billion, or 44.9 percent higher than P48.3 billion last year.
An estimated P41 billion will finance its share of investments in unit Maynilad Water Services Inc., Herbert Consunji, DMCI chief finance officer told reporters at a recent assembly of the Shareholders Association of the Philippines.
Maynilad will use the money to expand and improve its services.
Consunji said DMCI’s power and mining businesses will be the biggest contributors to its operating results this year.
“The biggest one is coming from Semirara. Semirara will have the mining operation and the power plant,” Consunji said.
In a statement last week, the Consunji-led holdings company said its net income dropped 21 percent to P19 billion last year from P24 billion in 2023.
Its financial results were hounded by weaker commodities and electricity prices, lower construction accomplishments, and an anemic real estate market.
“While some of our key businesses continue to face headwinds, our diversified portfolio helped mitigate the impact of challenging market conditions,” Isidro Consunji, DMCI chairman and president, said in the same statement.
“In 2025, we remain focused on strengthening our group ecosystem with the addition of the cement segment, enhancing operational efficiencies and deploying targeted sales approaches to adapt to evolving market dynamics,” the chairman added.
In October to December 2024, DMCI reported its net income declined 14 percent to P3.8 billion from P4.4 billion in the same comparable period. Its bottom line was plagued by its energy, real estate, and construction businesses with weaker contributions, the company said.
Only Maynilad and DMCI Mining, a separate mining unit, were able to contribute strongly to the holding company’s net income.
Maynilad made a net income contribution of P991 million, up 140.5 percent P412 million, year-on-year, driven by higher billed volume, higher average effective tariff, and lower direct costs.
DMCI Mining posted a profit contribution of P263 million, up 206 percent from P86 million, owing to improved selling prices and higher average nickel grade sold.
