DMCI Holdings Inc. posted a sharp rebound in earnings in the second quarter of 2026, driven by record performances in its nickel mining and power businesses, alongside a recovery in its cement operations.

The diversified engineering conglomerate reported consolidated net income of P6.5 billion from April to June, up 61 percent from P4 billion a year earlier, as gains across its major businesses offset weaker contributions from its water unit.

For the first half of the year, DMCI Holdings’ net income climbed 26 percent to P11.4 billion from P9 billion, boosted by record earnings from DMCI Mining and improved results from its cement business.

Leading the growth was Semirara Mining and Power Corp., which delivered P2.7 billion in second-quarter earnings, up 17 percent year-on-year, as stronger power generation results offset softer coal performance.

DMCI Mining also recorded its strongest quarterly performance, generating P1.3 billion in income, nearly four times higher than last year’s P344 million. The increase was supported by higher shipment volumes following the full-quarter contribution of its Long Point mine, expanding its active mining operations to three sites.

DMCI Homes posted a 49-percent increase in earnings to P1 billion, supported by stronger residential revenues and improved margins, while DMCI Power recorded P406 million in income on the back of record energy sales.

Meanwhile, Maynilad’s contribution declined 17 percent to P810 million due mainly to DMCI Holdings’ lower effective ownership following the water company’s initial public offering.

The company’s construction arm D.M. Consunji Inc. also improved its contribution, while cement unit Concreat nearly returned to breakeven as losses narrowed by 99 percent due to higher sales volumes, better pricing, and operational improvements.