• Wilcon Depot posted full-year 2025 net income of P2.45 billion, down 3.3 percent, as sales rose 3.7 percent to P35.44 billion
• Fourth quarter net income surged 41.3 percent to P580 million on improved same-store sales and margins
• Cash dividend increased 11.1 percent to P0.40 per share, totaling P1.64 billion
Wilcon Depot, one of the country's biggest suppliers of home construction goods, 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.
Nevertheless, the company’s board approved a cash dividend of P0.40 per share, equivalent to P1.64 billion, up 11.1 percent from last year, signaling confidence despite softer earnings.
“We are happy to announce that we were able to maintain positive same store sales growth in the fourth quarter, which resulted in a second half net income increase of 26 percent,” said Lorraine Belo-Cincochan, president and CEO of Wilcon Depot.
Wilcon also plans to open eight stores in 2026 after ending 2025 with 104 locations.
A closer look
Profit pressure came from rising operating expenses and weaker non-core income.
Operating expenses increased 3.7 percent to P10.85 billion, while net other income fell 12.3 percent to P424 million due to lower supplier support and fees.
Fourth quarter results showed a rebound. Net income jumped 41.3 percent to P580 million on net sales of P9.11 billion, up 7.3 percent.
What changed
Same-store sales growth reached 3.8 percent in the fourth quarter, driven by a 3.5 percent rise in ticket size and a 0.3 percent increase in transactions. Two new North Luzon stores supported growth.
Depot sales, accounting for 96.3 percent of revenue, rose 7.2 percent to P8.77 billion. Do-It-Wilcon stores grew 13.8 percent to P294 million, while project sales fell 11 percent to P48 million.
Gross profit in the quarter climbed 11.9 percent to P3.60 billion as in-house and exclusive brands made up 52 percent of sales.
—Edited by Miguel R. Camus
