BDO Unibank (BDO) Q3 2025 earnings summary

Executive summary

• Net income for the nine months ended September 30, 2025, rose 4% year-over-year to PHP 63.1 billion, driven by higher net interest and non-interest income, with return on common equity at 14.1%.

• Gross operating income rose 10% year-over-year to PHP 213.1 billion, supported by growth in loans and investment securities.

• Maintained market leadership in total assets, loans, deposits, and trust funds as of June 2025.

• Comprehensive income increased 5% to PHP 69.1 billion, reflecting improved unrealized gains on debt investments and positive insurance reserve remeasurement.

Financial highlights

• Net interest income increased 8% year-over-year to PHP 150.0 billion; non-interest/other operating income grew 14% to PHP 57.4 billion, led by a 15% increase in service charges and fees.

• Operating expenses rose 15% year-over-year to PHP 123.6 billion, mainly from higher employee benefits, taxes, and advertising.

• Gross customer loans expanded 14% to PHP 3,486.1 billion; deposits up 10% to PHP 4,106.5 billion.

• Total resources reached PHP 5,268.0 billion, up 10% year-over-year.

• Basic earnings per share improved to PHP 11.77 from PHP 11.32 year-over-year.

Outlook and guidance

• Focus on expanding sustainable finance, reducing coal exposure, and supporting renewable energy projects.

• Target to reduce coal exposure to below 2% of loan portfolio by 2033.

• Management notes continued growth in loans and deposits, with a focus on IT investments and distribution expansion.

• No material trends or uncertainties are expected to impact liquidity or future operations.