Filinvest Development Corporation (FDC) reported a net income attributable to equity holders of the parent company of ₱7.36 billion for the first six months of 2026, slightly below the ₱7.43 billion recorded in the same period last year. Consolidated net income reached ₱9.0 billion in the first half of 2026, with Banking, Real Estate, and Power remaining the group’s main contributors during the reporting period. Net income from Real Estate and Hospitality rose strongly by 53 percent and 35 percent, respectively, but these gains were offset by a 23 percent decrease in Banking’s profit, caused by higher loan loss provisions versus a year ago.
Total revenues and other income in the first half of 2026 rose by 10 percent year-on-year to ₱64.3 billion. The increases in revenues and other income by business segment were as follows: Banking, 18 percent to ₱33.5 billion; Real Estate, 13 percent to ₱15.5 billion; and Hospitality, 1.5 percent to ₱2.2 billion. Power revenues declined by 5 percent to ₱9.1 billion.
“Filinvest Group’s diversified portfolio enabled us to generate healthy revenue growth and steady profit performance despite very challenging economic conditions,” said FDC President and CEO Rhoda A. Huang. “We expect steady performance to continue in the months ahead, despite persistent macroeconomic challenges, and remain confident in a strong medium- to long-term recovery.”
EastWest Bank’s top-line growth was tempered by higher provisions for probable losses amid continued macroeconomic and geopolitical uncertainties, resulting in a reported standalone net income of ₱3.4 billion for the first half of 2026. Net interest income rose 21 percent to ₱23.1 billion, while non-interest income increased 14 percent to ₱5.3 billion. With revenues growing faster than expenses, pre-provision operating profit improved 30 percent to ₱14.4 billion. Consumer lending remained the bank’s core segment, accounting for 85 percent of the total loan portfolio, and supporting an improved net interest margin of 8.7 percent.
FDC’s Real Estate business, comprising Filinvest Land, Inc. (FLI), Filinvest Alabang, Inc. (FAI), and Filinvest REIT Corp. (FILRT), posted a 16 percent increase in revenues to ₱14.7 billion, driven by commercial lot and residential sales. Residential sales rose 23 percent, supported by sustained sales of ready-for-occupancy units and higher completion across various residential projects. Mall and rental revenues remained steady, with slight gains in occupancy and foot traffic.
FDC Utilities, Inc. (FDCUI), the group’s Power subsidiary, reported total revenues and other income of ₱9.1 billion for the first six months of 2026. The subdued performance was mainly due to expiring bilateral contracts and lower contracted demand, partly offset by favorable WESM prices.
Revenues from hotel operations under Filinvest Hospitality Corporation (FHC) remained consistent with the previous year’s level, supported by higher average room rates and stronger contributions from the Food and Beverage (F&B) segment. FHC’s portfolio comprises seven hotels with a combined total of 1,800 rooms, as well as two 18-hole golf courses within Filinvest Mimosa Plus Leisure City in Clark, Pampanga. The company manages four homegrown brands: Crimson, Quest, Timberland Highlands, and the upcoming design-focused brand, Grafik.
The Banking segment accounted for the largest share of revenues and other income in the first half of 2026 at 52 percent of the conglomerate’s total. Real Estate and Power followed with contributions of 24 percent and 14 percent, respectively, while Hospitality accounted for 3 percent. The balance came from other business units.
Revenue growth in the first six months of 2026 translated into the following net income contributions: the Property group, comprising Real Estate and Hospitality, contributed ₱2.9 billion, or 33 percent of FDC’s net income; Power contributed ₱2.6 billion, or 30 percent; Banking contributed ₱2.5 billion, or 29 percent; and Sugar contributed ₱682 million, or the remaining 8 percent.
As of end-June 2026, FDC’s balance sheet reflected total assets of ₱938 billion. Its debt-to-equity ratio stood at 0.66:1, underscoring the financial flexibility that supports the company’s growth trajectory and positions FDC to continue pursuing opportunities across its diversified portfolio.