BDO Unibank (BDO) Q4 2025 earnings summary

Executive summary

• Achieved record total assets of PHP5.43 trillion as of end-2025, maintaining #1 market position in assets, loans, deposits, and trust funds.

• Net income rose 6% year-over-year to PHP87.2 billion, with return on equity at 14.4%.

• Continued expansion of branch and ATM network, with 1,892 branches and over 6,000 teller machines nationwide.

• Strong sustainability initiatives, including significant reductions in coal exposure and leadership in green and blue bond issuances.

Financial highlights

• Net interest income increased 9% year-over-year to PHP203.1 billion; non-interest income up 9% to PHP77.1 billion.

• Gross customer loans grew 13% to PHP3.65 trillion; deposits up 10% to PHP4.19 trillion.

• Operating expenses rose 13% to PHP165.1 billion; pre-provision operating profit up 4% to PHP122.6 billion.

• Cost-to-income ratio at 57.4%; NPL ratio improved to 1.68% with 133.1% NPL cover.

Outlook and guidance

• Focus on sustained growth in core businesses, leveraging digital transformation and strategic initiatives in wealth management, insurance, and MSME segments.

• Targeting further reductions in coal exposure, aiming for coal loans to not exceed 2% of the portfolio by 2033.