Gotianun Family-led Filinvest Development Corp. (FDC) posted a net income attributable to equity holders of P11.5 billion in the first nine months of the year, a 21 percent jump from P9.5 billion a year earlier.

In a stock exchange report on Friday, the company said its consolidated net income rose 19 percent to P14.3 billion, fueled by strong performances across its Banking, Real Estate, Power, Hospitality, and Sugar businesses.

Total revenues and other income climbed 4.0 percent to P90.3 billion. Banking led the growth with revenues rising 16 percent to P44.3 billion. Real Estate followed with P23.6 billion, up 8 percent, while Sugar increased 10 percent to P5.7 billion.

Hospitality grew 4 percent to P3.0 billion. Power revenues, however, fell 27 percent to P13.7 billion due to lower spot market activity and declines in coal cost pass-through rates.

“The Filinvest group delivered double-digit profit growth in the first nine months despite challenges in some parts of our business.

We remain committed to delivering strong results in the full year 2025 and in the years ahead, even as the business environment continues to evolve, with the support and agility of our people,” FDC President and CEO Rhoda A. Huang said.

EastWest Bank saw consumer loans rise 17 percent, lifting net interest income 18 percent to P29.7 billion. Consumer lending remains the bank’s core, making up most of its loan book and pushing net interest margin to 8.4 percent. Non-interest income grew 27 percent to P5.3 billion, reflecting higher banking transactions.

FDC Utilities reduced costs from cheaper coal, offsetting lower revenues and raising its net income contribution 16 percent to P3.9 billion.

The Real Estate business grew revenues by 8 percent on stronger residential, industrial, and retail demand. Residential sales jumped 13 percent to P15.5 billion, led by middle-income buyers in CALABAR, Visayas, and Mindanao. Mall and rental income rose 8 percent to P6.9 billion.

Filinvest Hospitality recorded a 4 percent revenue increase to P3.0 billion from higher occupancy, guest spending, and stronger contributions from food, beverage, and golf operations.

The company operates seven hotels with 1,800 rooms and two 18-hole golf courses under the Crimson, Quest, and Timberland Highlands brands.

As of the end of September, FDC held P850 billion in assets and a debt-to-equity ratio of 0.60, positioning the conglomerate for continued growth.