The turnaround comes despite persistent oversupply in Metro Manila’s mid-income condominium market, where the developer has been leaning on rent-to-own offers and flexible payment terms to move completed units.
For the three months ended June, standalone net income climbed 42 percent to P1.04 billion, while earnings contribution to parent DMCI Holdings rose 49 percent to P1.05 billion, its quarterly report showed. The real estate arm accounted for about 16 percent of the parent firm's net income.
Sales recovery
Residential sales gained momentum as fewer buyers backed out of purchases, lifting revenues 23 percent to P3.63 billion.
Total revenues increased 22 percent to P3.94 billion, driven by higher project completion and stronger sales recognition during the quarter.
Margins improve
Revenue grew faster than costs, allowing core EBITDA to more than double to P657 million while the EBITDA margin expanded to 17 percent from 10 percent a year earlier.
Higher rental income, including contributions from rent-to-own units, also helped cushion the impact of rising borrowing costs during the quarter.
Balance sheet strengthens
Cash and cash equivalents fell to P6.62 billion as the company used funds to repay debt, pay dividends and invest in hotel operations.
That helped reduce loans payable 17 percent to P26.55 billion, improving its net debt-to-equity ratio to 0.51 from 0.55 at the end of 2025.
What’s next
DMCI Homes earlier said it will continue focusing on selling ready-for-occupancy inventory through rent-to-own programs, flexible payment terms and a wider international sales network.
It will also focus on new residential developments in the premium and mid-income segments while exploring opportunities in the broader affordable housing market.
—Edited by Miguel R. Camus
