DMCI keeps Q1 earnings stable at P4.9B; declares P4-B dividends

Insider Spotlight

• DMCI Holdings’ first quarter net income slipped 2 percent to P4.9 billion amid mixed market conditions
• Real estate, nickel mining, off-grid power and cement units offset weaker energy and water contributions
• Semirara remained the top earnings driver despite lower coal shipments and weaker plant performance
• The company declared P4 billion in cash dividends, equivalent to P0.30 per share
  
  

DMCI Holdings Inc. sustained first quarter earnings at P4.9 billion, down 2 percent from P5.0 billion a year earlier, as stronger contributions from its property, mining, power and cement businesses cushioned weaker results from energy and water operations.

Why it matters

The diversified conglomerate’s steady earnings underscore how gains from multiple business segments helped offset uneven market conditions and operational headwinds in key units.

“Our diversified portfolio continued to provide stability despite uneven market conditions,” DMCI Holdings chair and president Isidro A. Consunji said in a press statement on May 8, 2026. 

“While some businesses are facing near-term pressures, we continue to see encouraging performance from our business units,” he added. 

Isidro A. Consunji

Chair, DMCI Holdings

By the numbers

Semirara Mining and Power Corp. remained the group’s largest earnings contributor with P2.2 billion, though this fell 13 percent from P2.5 billion last year due to weaker plant performance and lower coal shipments.

Property arm DMCI Homes contributed P1.3 billion, up 3 percent from P1.2 billion, driven by stronger residential revenues, lower cancellations and higher rental income.

Maynilad Water Services contributed P714 million, down 23 percent from P926 million, after DMCI’s lower effective ownership following the utility firm’s initial public offering offset improved operating performance.

DMCI Mining posted P440 million in earnings contribution, up 8 percent from P409 million, supported by higher shipment volumes after the Long Point mine began commercial operations in March, increasing the company’s active mines to three.

DMCI Power grew by 12 percent to P302 million from P270 million on higher energy sales and expanded capacities in Palawan, Antique and Masbate.

Construction unit D.M. Consunji Inc. posted P47 million, down 6 percent from P50 million because of project delays and fewer ongoing projects.

Meanwhile, Concreat Holdings Philippines narrowed its net loss by 63 percent to P203 million from P546 million as higher sales volumes and operational improvements boosted performance.

What’s next

DMCI’s board declared regular cash dividends of P0.30 per share, amounting to about P4 billion. The payout represents 27 percent of the company’s 2025 core net income of P14.9 billion, in line with its policy of distributing at least 25 percent of prior-year core earnings. —Vanessa Hidalgo | Ed: Corrie S. Narisma