DMCI allots P24.6 billion for 2026 capex

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March 18, 2026 | 12:00am

MANILA, Philippines — Diversified engineering conglomerate DMCI Holdings Inc. plans to spend P24.6 billion this year to support residential construction, expansion in the off-grid power and strategic improvements in cement operations.

DMCI Homes is expected to account for 65 percent of aggregate capital expenditures, with up to P15.5 billion allocated for ongoing and new project construction and land banking, subject to market conditions.

DMCI Power intends to spend P3.3 billion to fund 44 megawatts of new capacity in Palawan, Occidental Mindoro and Calapan.

Concreat Holdings Philippines has earmarked P2.9 billion for plant capacity improvements, operational upgrades and preventive maintenance, while Semirara Mining and Power Corp. (SMPC) has allocated P1.9 billion largely for power plant maintenance.

The remaining capex will support the re-fleeting of construction equipment and project requirements at DMCI amounting to P675 million and DMCI Mining’s mine development initiatives amounting to P300 million.

In 2025, DMCI recorded a 20-percent drop in its earnings to P15.1 billion from P19 billion in 2024 due to normalizing contributions from the integrated energy business and losses stemming from the integration of the cement segment.

Stronger performance from the real estate, construction, water, nickel mining and off-grid power businesses, meanwhile, helped partly offset the decline.

SMPC remained the group’s largest contributor during the year, contributing P7.3 billion, down 33 percent year-on-year due to softer energy prices, reduced shipments and higher production costs.

Associate Maynilad contributed P3.7 billion, up by 11 percent year-on-year, buoyed by approved tariff adjustments, stable billed connections and improved network efficiencies.

DMCI Homes posted 14 percent higher contributions at P3.3 billion, supported by higher residential revenues, increased rental and finance income and a one-off gain from the settlement of a claim involving a previous investment.

Record energy sales and capacity expansions in Palawan and Antique enabled DMCI Power to deliver a record-high contribution of P1.3 billion, a one percent year-on-year improvement.

DMCI Mining contributed P924 million, a 276-percent increase from a year ago fueled by nickel price recovery, higher output from its Zambales operations and initial operations of the Long Point mine.