D.M. Wenceslao and Associates Inc. (DMW) is cautiously optimistic this year as easing monetary conditions and a gradual recovery in the property market support the rollout of its next wave of developments.

The company said the macroeconomic backdrop has begun to improve following cumulative policy rate cuts of 225 basis points since 2024 by the Bangko Sentral ng Pilipinas, although geopolitical risks continue to pose uncertainties.

Aseana City’s strength as an integrated estate

“FY2025 reflects the strength of Aseana City as an integrated estate,” DMW chief executive officer Delfin Angelo “Buds” C. Wenceslao said on Friday. “As market conditions continue to evolve, we are focused on disciplined execution of our next wave of developments.”

The next phase of expansion is already underway, with Aseana Plaza Phase 1 now under active construction, marking the latest addition to the premium office segment within the Aseana City estate.

“We continue to roll out developments through a lens of gradual market recovery,” Wenceslao added. “With a strong balance sheet and a measured approach to expansion, we remain confident in delivering long-term value for our stakeholders.”

Core net income: P1.9 billion in 2025

Supporting its expansion plans, DMW reported core net income of P1.9 billion in 2025, driven by resilient rental earnings and stronger contributions from its residential segment.