DMCI Holdings Reports 61% Surge in Q2 Net Income to P6.5 Billion

DMCI Holdings Inc., a prominent conglomerate in the Philippines, reported a significant 61% increase in its net income for the second quarter, reaching P6.5 billion, up from P4 billion during the same period last year. This robust performance was largely attributed to enhanced contributions from its mining, energy, real estate, construction, and cement sectors, according to the company’s financial disclosures.

In the first half of 2026, DMCI Holdings recorded a consolidated net income of P11.4 billion, reflecting a 26% increase compared to P9 billion in the first half of 2025. The conglomerate's diversified earnings base has played a critical role in this growth, as highlighted by analysts at Context.ph.

“The broad-based improvement across its businesses helped offset the weaker contribution from Maynilad, allowing the diversified group to post one of its strongest quarterly earnings performances in recent years.”Context.ph

DMCI Mining achieved a record quarterly profit of P1.3 billion, nearly quadrupling its earnings from P344 million a year earlier. This surge was driven by increased shipment volumes following the full operational contribution of the Long Point mine, which expanded the company’s active mines from two to three. Semirara Mining and Power Corp., the largest earnings contributor, reported P2.7 billion in earnings, an increase of 17% from the previous year, with electricity generation accounting for 96% of its earnings despite weaker coal results.

DMCI Homes, the real estate arm of the conglomerate, also performed well, posting a 49% increase in net income to P1 billion, aided by higher residential revenues and improved operating margins. Meanwhile, DMCI Power recorded a profit of P406 million, reflecting a 9% increase, driven by new generating capacity in Masbate and Antique.

However, the company faced challenges with its water utility investment, Maynilad Water Services, which saw its attributable income decline by 17% to P810 million. This drop was primarily due to DMCI Holdings' reduced effective ownership following Maynilad's initial public offering, rather than a decline in operational performance.

“Record nickel mining profits and a sharp turnaround in its cement business helped drive growth despite softer contributions from its water utility investment.”Open-web source

The construction division, D.M. Consunji Inc., reported a notable recovery, contributing P195 million compared to just P18 million a year prior, as project margins improved. Additionally, the cement business, Concreat, significantly reduced its net loss to P4 million from P682 million the previous year, indicating potential recovery from a prolonged downturn.

Overall, the broad-based improvement across DMCI Holdings' various business segments has allowed the conglomerate to post one of its strongest quarterly earnings performances in recent years, despite the challenges faced in the water utility sector.