FDC reports 36% net income growth to ₱12.1B

Filinvest Development Corporation (FDC), an investment holding company of the Gotianun Group, reported a 36 percent increase in attributable net income to ₱12.1 billion last year from ₱8.9 billion in 2023.

Total revenue and other income rose by 22 percent to ₱113.4 billion in 2024, driven by growth across all business segments.

FDC President Rhoda A. Huang highlighted that the company's banking, real estate, and power subsidiaries significantly contributed to its strong performance in 2024, noting it was Filinvest’s strongest year ever.

EastWest Bank, one of FDC's subsidiaries, posted a record net income of ₱7.6 billion, marking a 25 percent increase from the previous year.

FDC Utilities, Inc., the company's power subsidiary, saw a 26 percent growth in net income to ₱4.3 billion and a 40 percent rise in revenues to ₱24.5 billion.

Filinvest Hospitality Corporation reported a 26 percent revenue increase to ₱4.3 billion, supported by stable domestic tourism and higher average room rates across its seven properties.