DMCI Holdings (DMC) investor relations material

Executive summary

• Q2 2026 reported net income surged 61% year-over-year to Php 6.52 billion, with core net income up 59% to Php 6.42 billion, driven by record performances in nickel mining, power, cement, energy, mining, real estate, and cement segments.

• H1 2026 consolidated net income rose 26% to Php 11.38 billion, with core net income up 25%, despite lower contributions from Maynilad due to ownership dilution.

• All subsidiaries posted higher earnings, with DMCI Mining, DMCI Power, and SMPC's power segment achieving all-time-high quarterly results.

• EBITDA for Q2 2026 increased 36% to Php 13.56 billion, with margin expanding to 37%.

• SMPC, DMCI Homes, and DMCI Mining contributed 78% of group earnings in H1.

Financial highlights

• Q2 2026 revenues increased 23% year-over-year to Php 36.4 billion; H1 revenues up 10% to Php 67.5 billion.

• Q2 reported net income reached Php 6.5 billion, up 61% year-over-year; H1 reported net income at Php 11.4 billion, up 26%.

• Q2 2026 EPS rose 61% to Php 0.49; H1 2026 EPS up 25% to Php 0.86.

• Q2 EBITDA margin improved to 37% (from 34%); H1 margin at 36%.

• Annualized return on equity stood at 18.4%.

Outlook and guidance

• Construction aims to rebuild order book through targeted opportunities; real estate to accelerate inventory monetization and expand differentiated formats.

• Integrated energy segment to maintain power momentum while preserving capital flexibility amid COC No. 5 developments.

• Off-grid power plans to expand capacity in underserved markets with a ~50MW pipeline over two years.

• Nickel mining to leverage expanded capacity amid sustained regional demand.

• Group expects stable 2026 capex at Php 22.6 billion, focusing on operational efficiency, inventory monetization, and prudent capital allocation.