DMCI profit rises 28 percent to P15 billion in 9 months

MANILA, Philippines — Improved earnings contributions from all subsidiaries boosted DMCI Holdings Inc.’s profit by 28 percent to P15 billion in the first nine months.

From January to September, the diversified engineering conglomerate of the Consunji family posted record-high nine-month contributions from nickel mining and both on-grid and off-grid power generation, higher real estate and construction income and a significant reduction in cement losses.

Consolidated net income in the third quarter expanded by 33 percent to P3.6 billion, supported by stronger contributions from power generation, nickel mining and real estate, alongside continued improvements in cement operations.

Semirara Mining and Power Corp. contributed P6.3 billion during the nine months, eight percent higher than last year’s  P5.8 billion, as record on-grid power earnings more than offset modest coal results.

Higher spot electricity prices and improved plant performance enabled power contributions to surge by 51 percent to P4.8 billion, while lower shipments and challenging mine operating conditions drove coal contributions down by 46 percent to P1.5 billion.

DMCI Homes contributed P3.1 billion, up by 21 percent year-on-year, supported by lower revenue reversals from cancellations, a higher-value project mix and higher rental income, including contributions from rent-to-own units.

Associate Maynilad, which achieved record-high earnings, contributed P2.2 billion, down from P2.8 billion last year, following the reduction in the group’s effective ownership interest after the water distributor’s initial public offering in November 2025.

DMCI Mining registered a record-high contribution of P2 billion, a 180-percent surge year-on-year, on the back of higher production and shipment volumes following the commencement of operations at Berong Nickel Corp.’s Long Point mine.

This brought the firm’s total number of active mines to three, while firmer nickel prices further supported results.

DMCI Power likewise contributed an all-time high of P1.1 billion, up by 14 percent year-on-year, fueled by record energy sales, capacity expansions in Masbate and Antique and stronger wind generation.

Increased profit recognition from joint ventures, meanwhile, jacked up by 76 percent the contribution of D.M. Consunji Inc. to P329 million. Its construction order book stood at P41.5 billion as of September.

Concreat Holdings Philippines Inc. narrowed its attributable net loss by 75 percent to P402 million, driven by higher sales, improved operating efficiencies and cost management initiatives.

At the standalone level, the cement business generated P1.3 billion in core earnings before interest, taxes, depreciation and amortization (EBITDA), reversing the negative P31 million EBITDA in the same period last year, even with elevated fuel costs.

abtestabtest Malampaya Phase 4 achieves first gas delivery By Alyana Uy | 1 day ago Phase 4 of the Malampaya Project reached its first gas milestone, marking the official connection of two new wells near Palawan... Business SMFB earnings drop to P30.6 billion in 9 months By Adrian Kenneth Halili | 1 day ago San Miguel Food and Beverage Inc. registered a nine percent decline in net income in the first nine months of 2026 as slower consumer demand and rising operating costs pushed down earnings. Business How businesses prepare for disruption 6 days ago Rising costs, changing consumer habits, supply-chain interruptions and extreme weather are testing how Philippine businesses... Business Anthropic may need to cut $1.5-T IPO goal as investors balk: report 10 hours ago Investors are pushing back on the AI firm's planned valuation. Business Inflation heats up to 7.8% in October By Louella Desiderio | 1 day ago Inflation in October rose at its fastest pace in nearly four years, driven by higher energy and transport costs, the Philippine... Business Latest More in Business Converge earnings slip 9 percent on higher costs Inflation seen staying below 8 percent ‘Long-term LNG deals to cut Philippines power costs’ Anko set to open 3 new stores abtest RLC sustains growth momentum, profit rises in 9 months By Richmond Mercurio | 1 hour ago Earnings of property giant Robinsons Land Corp. (RLC) expanded in the first nine months, driven by continued growth in the... Business S&P warns of stagflation as Philippines growth falters By Keisha Ta-Asan | 1 hour ago The Philippines is already experiencing stagflation, a combination of sluggish economic growth and high inflation, as surging... Business When your top performer goes quiet By Francis J. Kong | 1 hour ago A strange thing sometimes happens to your best people.  Business Why the Phl should build its own EV future By Mary Ann LL. Reyes | 1 hour ago Electric vehicle (EV) discussions remain heated as the rising global fuel costs directly hit the Philippines. Business Recommended Joseph Sy skips Senate probe on fake citizenship 1 day ago Mining magnate Joseph Sy skipped yesterday’s Senate hearing on his alleged fake Filipino citizenship. BusinessJOSEPH SY Philippines embassy in Washington hopes for immigration policy changes 1 day ago The Philippines’ top diplomat in Washington hopes for changes in the United States’ immigration policy after the... BusinessJOSEROMUALDEZ VP defense seeks subpoena for 24 witnesses 1 day ago The Senate impeachment court has been asked by the defense camp to subpoena 24 witnesses for the resumption of Vice President... BusinessDUTERTESARA DUTERTESENATE LIST: VP Sara’s witnesses for Nov. 9–13 hearings 1 day ago  Vice President Sara Duterte’s lawyers have submitted a witness lineup for the Senate impeachment proceedings... BusinessDEFENSEDUTERTESARA DUTERTE'S IMPEACHMENT Fact check: Viral post falsely tags e-trikes at Marcos’ plant visit as gov't vehicles 1 day ago Viral post mislabels e-trikes at Marcos’ plant visit as new government vehicles. BusinessBONGBONG MARCOSFACT CHECKFACT-CHECK next Recommended Joseph Sy skips Senate probe on fake citizenship Mining magnate Joseph Sy skipped yesterday’s Senate hearing on his alleged fake Filipino citizenship. 1 day ago JOSEPH SY Philippines embassy in Washington hopes for immigration policy changes The Philippines’ top diplomat in Washington hopes for changes in the United States’ immigration policy after the Democrats won both the House and the Senate in the midterm elections. 1 day ago JOSE ROMUALDEZ VP defense seeks subpoena for 24 witnesses The Senate impeachment court has been asked by the defense camp to subpoena 24 witnesses for the resumption of Vice President Sara Duterte’s impeachment trial on Nov. 9. 1 day ago DUTERTE SARA DUTERTE SENATE LIST: VP Sara’s witnesses for Nov. 9–13 hearings  Vice President Sara Duterte’s lawyers have submitted a witness lineup for the Senate impeachment proceedings.  1 day ago DEFENSE DUTERTE SARA DUTERTE'S IMPEACHMENT Fact check: Viral post falsely tags e-trikes at Marcos’ plant visit as gov't vehicles Viral post mislabels e-trikes at Marcos’ plant visit as new government vehicles. 1 day ago BONGBONG MARCOS FACT CHECK FACT-CHECK OK Are you sure you want to log out? Yes No X Login Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!