As Filipino households increasingly embrace connected living, home security is evolving beyond traditional locks and safes. Consumers are now seeking solutions that combine convenience, technology and protection, prompting global security brands to bring more advanced products to the local market.
Wilcon Depot reported full-year 2025 net income of P2.45 billion, down 3.3 percent year-on-year, as higher costs and weaker other income offset steady sales growth. Net sales rose 3.7 percent to P35.44 billion, while gross profit reached P13.68 billion with a 38.6 percent margin.
Retail tycoon William Belo’s Wilcon Depot saw its first-half net income fall 23 percent to P1.163 billion as weaker foot traffic and rising costs offset gains from new store openings.
Retail tycoon William Belo’s Wilcon Depot’s profit plunged 27.5 percent to P536 million in the first quarter of 2025, even as sales inched up 1.2 percent to P8.4 billion, highlighting the growing pressure from rising costs and weaker performance in older stores.
Business tycoon William Belo’s home improvement retailer Wilcon Depot said costs remained a drag on the bottom line, as profits slumped 22.3 percent to P2.12 billion during the first nine months of the year.
Home retail tycoon William Belo’s Wilcon Depot is aiming to bounce back in the second semester of 2024 amid softer sales and losses from a fire last April.
Business tycoon William Belo’s home improvement retailer Wilcon Depot reported a net income of P740 million during the first quarter of 2024, a decline of 23 percent mainly due to the significant drop in March revenues that were influenced by the Easter holidays in March.