Filinvest Development Corporation (FDC) reported a net income attributable to equity holders of the parent company amounting to ₱15.0 billion for 2025, representing a 24 percent increase from ₱12.1 billion generated in the prior year. This was the highest profit recorded by the Filinvest Group in its history. Consolidated net income for the period reached ₱18.9 billion, reflecting a 20 percent year-on-year growth. Total revenues and other income grew 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,” stated FDC President and CEO, Ms. Rhoda A. Huang.
Growth was broad-based with the banking, real estate and power subsidiaries boosting FDC’s 2025 results. Banking and financial services delivered a net income contribution to the group of ₱7.0 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 4 percent came from other businesses.
Banking subsidiary EastWest Bank (EW), 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. Its consumer lending portfolio, which yields high returns, increased by 15 percent and contributed 84 percent of the total loan base. The cost of funds remained stable as total deposits rose by 13 percent. This performance resulted in net interest income of ₱40.6 billion, up 21 percent from the previous year, with a net interest margin (NIM) of 8.5 percent. Non-interest income was another key contributor, climbing 16 percent to ₱10.4 billion in 2025. Return on equity reached 11.9 percent, marking two consecutive years of double-digit results as the bank continued to grow its core income.
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. While revenues and other income declined by 27 percent to ₱17.9 billion in 2025 due to reduced spot market activity and lower coal cost pass-through rates, 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 7 percent to ₱9.0 billion, supported by higher occupancy rates and foot traffic.
Hotel operations under Filinvest Hospitality Corporation (FHC) contributed ₱264 million in net income, supported by revenues totaling ₱3.8 billion during the year. Stable domestic tourism strengthened occupancy rates and drove increases in average room rates across its seven properties. FHC’s portfolio encompasses approximately 1,800 rooms distributed among seven hotels located in seven cities and five regions, operating under the Crimson, Quest, and Timberland Highlands brands.
The company’s balance sheet remained healthy at the end of 2025, with total assets growing by 7 percent to ₱872 billion. Debt obligations are well managed with a comfortable debt-to-equity ratio and net debt-to-equity ratio of 0.59:1 and 0.36:1, respectively.