Phinma sets aside P6.3 billion for this year’s capex

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April 29, 2026 | 12:00am

Bullish on expansion

MANILA, Philippines — The Del Rosario family’s Phinma Corp. is staying bullish on its expansion amid risks presented by the ongoing Middle East crisis, with the group scaling up its investment plans for 2026.

Phinma chief financial officer EJ Qua Hiansen told The STAR that the group is setting aside P6.3 billion for capital expenditures this year, higher than the group’s consolidated capex of P3.14 billion in 2024 and P5 billion in 2025.

“The biggest allocation being in Phinma Education as we increase capacity to welcome more students to our network,” he said.

Phinma has lined up initiatives that will expand its businesses and extend access to essential services for underserved families and communities across the country.

“This is our passion, your company’s passion — looking for ways to reach the underserved and underprivileged and support our nation’s development through profitable businesses. We count our success not only in terms of pesos and centavos, but also in lives transformed,” Phinma president and chief operating officer Chito Salazar said.

In response to national demand for high-quality construction materials, Philcement Corp. is expanding the group’s cement business with the support of a recent investment from Japanese partner Sumitomo Osaka Cement.

Phinma said Philcement would also launch this year a new cement terminal in Panabo, Davao del Norte, to be operated by its subsidiary, Philcement Mindanao Corp., a joint venture with the Floirendos’ ANFLOCOR Group.

Union Insulated Panel Corp. (UIPC) and Phinma Solar Energy Corp. will likewise scale up integrated solutions that contribute toward expanding the country’s cold storage infrastructure and renewable energy access.

UIPC is set to begin by July operations at its Porac, Pampanga facility, which is designed to produce more than one million square meters of insulated panels each year.

Phinma said Union Galvasteel Corp. likewise continues to innovate its core steel solutions to better meet the evolving needs of both the residential and commercial construction markets.

Building on over six decades of industry experience under the Union brand, the company will also focus on delivering more accessible and durable roofing and cladding products.

Phinma Property Holdings Inc., meanwhile, will further develop the group’s Bacolod City township, Saludad.

Saludad includes the first campus of Southwestern University Phinma outside Cebu City and Phinma Hospitality’s lifestyle brand TRYP by Wyndham Bacolod, which broke ground in March.

Following its November 2025 groundbreaking in Davao City, Phinma Community Housing is planning to launch its first socialized housing project in Tugbok later this year.

The company, which is driven toward providing low-income workers quality and dignified homes that they can call their own, also looks to expand to other cities with growing workforces such as Bacolod City.

Phinma Hospitality for its part continues to expand its network of hotels nationwide to serve more business and leisure travelers.

In January, the company reinforced its partnership with the ANFLOCOR Group, through Damosa Land Inc., during the groundbreaking of TRYP by Wyndham Samal, its first venture into the condotel market.

Phinma Hospitality is also increasing Microtel by Wyndham Mall of Asia’s capacity to better meet steady demand for meetings, incentives, conferences and exhibitions.

Phinma Education Holdings Inc., the largest private tertiary education network in Southeast Asia, has also expanded further with the acquisition of Southeastern College, its 14th school.

The acquisition extends access to affordable, quality tertiary education in Pasay and Southern Luzon, alongside ongoing efforts to strengthen student completion and success across the network.