Dmci Holdings Inc. · PSE:DMC
Dmci — Q4 2025 Earnings Presentation
105 slides from Dmci's earnings presentation, Mar 17, 2026
Slide 1: Q4/FY 2025 Analysts' Briefing
Q4/FY 2025 Analysts’ Briefing 17 March 2026 Makati City via remote communication 1
Slide 2: Diversified businesses anchor group earnings
CONTRIBUTION HIGHLIGHTS Diversified businesses anchor group earnings In Php mn Q4 2025 Q4 2024 Change KEY TAKEAWAYS SMPC (56.65%) 1,512 2,147 -30% • Quarterly group earnings declined due to weaker SMPC contributions, Maynilad dilution and Concreat Maynilad (18.16%) 856 996 -14% integration losses DM
Slide 3: Broad-based gains across most businesses
CONTRIBUTION HIGHLIGHTS Broad-based gains across most businesses In Php mn FY 2025 FY 2024 Change KEY TAKEAWAYS SMPC (56.65%) 7,324 11,013 -33% • SMPC, Maynilad and DMCI Homes contributed 95% of core earnings Maynilad (18.16%) 3,681 3,313 11% • Full year group earnings softened as SMPC contributions
Slide 4: Strong fundamentals support performance
CONSOLIDATED HIGHLIGHTS Strong fundamentals support performance In Php mn Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change KEY TAKEAWAYS • Q4 revenues fell on lower SMPC Revenues 21,039 25,012 -16% 108,653 102,379 6% contributions; FY revenues increased driven Cost of sales 11,074 12,698 -13% 63,393 52
Slide 5: Consolidated Balance Sheet Highlights
CONSOLIDATED BALANCE SHEET HIGHLIGHTS In Php mn Dec 2025 Dec 2024 Change Cash and cash equivalents 29,078 34,299 -15% Receivables and contract asset 34,424 42,515 -19% Inventories 79,331 67,234 18% KEY TAKEAWAYS Investments in associates 24,440 24,275 1% • Total assets edged lower, as higher invento
Slide 6: Higher accomplishments improve earnings
CONSTRUCTION FINANCIAL HIGHLIGHTS Higher accomplishments improve earnings In Php mn Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change KEY TAKEAWAYS Revenues 5,112 4,206 22% 18,484 15,015 23% • Revenues grew in both periods, backed by higher project accomplishments across COS 4,566 4,057 13% 16,724 13,48
Slide 7: JV projects strengthen order book
CONSTRUCTION ORDER BOOK JV projects strengthen order book Revenue Breakdown KEY TAKEAWAYS Q4 2025 Q4 2024 Change In Php mn Building* • Revenues increased, driven by higher accomplishments 2,777 3,043 -9% in Joint Venture and Infrastructure projects Infrastructure 539 1 53800% Joint Ventures (JV) and
Slide 8: Newly qualified accounts drive revenues
REAL ESTATE FINANCIAL HIGHLIGHTS Newly qualified accounts drive revenues In Php mn Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change KEY TAKEAWAYS • Revenues improved, driven by newly recognized Revenues 2,701 2,655 2% 13,557 12,357 10% accounts that met the collection threshold Total cash costs 2,785 2
Slide 9: RFO strategy strengthens sales mix
REAL ESTATE OPERATING HIGHLIGHTS RFO strategy strengthens sales mix Key Metrics Q4 2025 Q4 2024 Change KEY TAKEAWAYS Total Sales Value (Php bn) 3.5 4.9 -29% • Sales and reservations fell due to a high-base effect from last year’s launch of Kalea Heights Location Metro Manila 93% 66% • FY ready-for-o
Slide 10: Continued deleveraging enhances flexibility
INTEGRATED ENERGY FINANCIAL HIGHLIGHTS Continued deleveraging enhances flexibility In Php mn Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change KEY TAKEAWAYS • Revenues declined on cooling coal and power Revenues 8,974 15,523 -42% 52,232 65,194 -20% selling prices, partly offset by record power COS 3,216
Slide 11: Production recovery rebuilds inventories
INTEGRATED ENERGY OPERATING HIGHLIGHTS Production recovery rebuilds inventories Coal Key Metrics Q4 2025 Q4 2024 Change KEY TAKEAWAYS Strip Ratio (S/R) • Production surged on better access to Narra Aggregate* 11.8 20.7 -43% mine seams and ECC expansion, supporting Effective** 11.8 12.2 -3% higher ou
Slide 12: Mixed plant performance with stronger BCQ sales
INTEGRATED ENERGY OPERATING HIGHLIGHTS Mixed plant performance with stronger BCQ sales Power Key Metrics Q4 2025 Q4 2024 Change KEY TAKEAWAYS Plant Availability (%) 70% 71% -1% • Overall plant availability broadly stable as improved SLPGC performance offset weaker SCPC reliability; SCPC 45% 83% -46%
Slide 13: Record-breaking year fueled by strong sales
OFF-GRID ENERGY FINANCIAL HIGHLIGHTS Record-breaking year fueled by strong sales In Php mn Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change KEY TAKEAWAYS Revenues 1,729 1,827 -5% 7,758 7,620 2% • Q4 revenues dipped on lower selling prices; FY topline steadily grew on stronger energy Total cash costs 1,
Slide 14: Growth continues on expanded capacity
OFF-GRID ENERGY OPERATING HIGHLIGHTS Growth continues on expanded capacity Key Metrics Q4 2025 Q4 2024 Change KEY TAKEAWAYS Installed Capacity (in MW) 188.3 159.8 18% • Installed capacity expanded by 18%, following the Masbate 61.9 61.9 0% commissioning of the 2x8 MW Palawan Bunker Palawan 94.1 78.1
Slide 15: Stronger markets, expanding operations
NICKEL MINING FINANCIAL HIGHLIGHTS Stronger markets, expanding operations In Php mn Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change KEY TAKEAWAYS Revenues 1,114 884 26% 4,093 2,477 65% • Revenues rose double-digits on higher shipments and improved market conditions, COS 473 230 106% 1,251 910 37% part
Slide 16: ZCMC ramp-up, BNC operations begin
NICKEL MINING OPERATING HIGHLIGHTS ZCMC ramp-up, BNC operations begin Key Metrics Q4 2025 Q4 2024 Change KEY TAKEAWAYS Production (in WMT ‘000) 509 395 29% • Higher total production driven by ZCMC’s full quarter ZDMC 191 332 -42% output (since commercial operations began in ZCMC 252 63 300% December
Slide 17: Best-ever results with record investments
WATER FINANCIAL HIGHLIGHTS Best-ever results with record investments In Php mn Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change KEY TAKEAWAYS • Record-high revenues and earnings achieved Revenues 8,992 8,249 9% 36,645 33,495 9% in both Q4 and FY reporting periods Total cash cost 3,317 3,305 0% 10,864 1
Slide 18: Strong progress across key metrics
WATER OPERATING HIGHLIGHTS Strong progress across key metrics Key Metrics Q4 2025 Q4 2024 Change KEY TAKEAWAYS Production* (in MCM) 180.0 189.0 -5% • Total production declined due to reduced output from Billed Volume (in MCM) 138.9 137.0 1% the La Mesa and Putatan treatment plants, as part of Custom
Slide 19: Laying groundwork in DMCI's first year
CEMENT FINANCIAL HIGHLIGHTS Laying groundwork in DMCI’s first year In Php mn Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change KEY TAKEAWAYS • Q4 revenues were broadly flat, as higher Revenues 3,766 3,711 1% 15,111 15,918 -5% cement volume offset lower ASP; FY topline COS 3,001 3,181 -6% 11,821 12,111 -
Slide 20: Capacity expansion lifts cement output
CEMENT OPERATING HIGHLIGHTS Capacity expansion lifts cement output Key Metrics Q4 2025 Q4 2024* Change KEY TAKEAWAYS Rated Capacity** (in mn T*) 7.2 5.7 26% § Installed capacity expanded following the completion APO 3.8 3.8 0% of 1.5 MT Solid Cement Plant expansion in April 2025 Solid 3.4 1.9 79% §
Slide 21: Solid fundamentals support performance
Solid fundamentals support performance Construction Real Estate Integrated Energy Off-grid Power Higher Newly qualified Continued Record-breaking accomplishments accounts drive deleveraging enhances year fueled by strong improved earnings revenues flexibility sales Nickel Mining Water Cement Stronge
Slide 22: Strengthening operations while navigating evolving markets
Strengthening operations while navigating evolving markets Construction Real Estate Integrated Energy Off-grid Power Pursuing infrastructure Driving RFO sales while Preparing COC bid while Expanding capacity while and rail projects while preparing new launches and expanding coal markets supporting r
Slide 23: Annex
Annex § Capex Update § Market Forecasts § Debt Profile § ESG Highlights § DMCI Holdings and Subsidiaries Income Statement § Parent Balance Sheet § Subsidiaries and Associate Financial and Operating Highlights 23
Slide 24: Capex Update
Capex Update In Php bn Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change DMCI 0.3 - 100% 0.8 0.1 700% DMCI Homes 3.1 3.2 -3% 11.5 14.7 -22% SMPC 0.6 1.6 -62% 5.9 5.3 11% DMCI Power 0.4 0.8 -50% 1.2 1.6 -25% DMCI Mining 0.1 0.3 -67% 0.6 0.7 -14% Concreat 0.6 0.2* 200% 2.2 0.2* 1,000% Total 5.1 6.1 -16% 2
Slide 25: Market Forecasts
Market Forecasts NEWCASTLE PRICES WESM SPOT PRICES In USD/MT In Php/KWh 2020 2.27 2020 60.4 6.91 138 137 2021 4.83 134 2021 137.3 5.23 2022 7.39 126 4.61 2022 360.2 134 135 135 3.82 2023 5.86 4.04 3.75 2023 173.0 3.63 3.51 2024 5.14 118 108 3.89 3.70 3.65 2024 134.8 105 107 3.45 2025 3.73 99 2025 10
Slide 26: Debt Profile
Debt Profile As of December 31, 2025 LOAN MATURITY SCHEDULE FLOATING AND FIXED Floating Fixed Php 66.3 bn Consolidated 54% 46% Consolidated 22% 25% 21% 32% DMCI n.a. Php 0 DMCI Homes 11% 89% DMCI SMPC 100% Php 32.2 bn DMCI Power 98% 2% DMCI Homes 30% 37% 30% 3% DMCI Mining 50% 50% Php 1.0 bn Concrea
Slide 27: Environmental Stewardship Q4 2025
Environmental Stewardship Q4 2025 2.5k ha 1.35k ha 3.3m* 636k* Habitats Protected Reforested Areas Trees Planted Mangroves and Restored Planted 1,512 21.6k MT 65% Animals Protected Waste Generated Recycling or Reproduced Rate * as of December 2025 CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER
Slide 28: Social Responsibility Q3 2025
Social Responsibility Q3 2025 26,628 9% 12,669 2.2 1.7 Direct Employees Female Direct Indirect Average Training Hours Average Training Employees Employees (per employee) Hours (male) 0.01 0.02 6.4 LTIFR Employees LTIFR Average Training Contractors Hours (female) LTIFR = Lost-time Injury Frequency Ra
Slide 29: ESG Highlights
ESG Highlights DMCI Donates Recyclables to Local Communities DMCI projects conducted recyclable donation drives in Q4 2025, benefiting schools and barangays. The NSCR Viaduct donated 600 plastic buckets to schools in Meycauayan, while the SLMC, CAMANA, and C5 Link projects turned over PET bottles an
Slide 30: ESG Highlights
ESG Highlights DMCI Blood Donation Drives DMCI units conducted blood donation drives Q4 2025, collecting a total of 101 blood bags. The Allied Services Group donated 31 bags to the Veterans Hospital. The Cebu Storage Tank Project collected 62 bags for disaster-affected residents in Naga, Cebu. Addit
Slide 31: ESG Highlights
ESG Highlights DMCI Donations Support School and Community Learning DMCI units carried out donation initiatives in late 2025 to support education and community facilities. The Bilibid and Poblacion Projects delivered two mini dump truck loads of backfilling materials to Tunasan National High School
Slide 32: ESG Highlights
ESG Highlights Engineering Students Gain Industry Exposure Through DMCI Site Visits A total of 47 engineering students and two faculty members from Central Philippine University in Iloilo participated in educational site visits to DMCI facilities in December 2025. The group first visited the ASG Fac
Slide 33: ESG Highlights
ESG Highlights DMCI Homes’ The Atherton Awarded for Walkability at National Bike Day 2025 The Atherton, DMCI Homes’ condominium community along Dr. A. Santos Avenue in Parañaque City, was honored during the recent National Bike Day 2025 celebration for promoting walkable and active living. The devel
Slide 34: ESG Highlights
ESG Highlights DMCI Homes Donates Portalets to Davao Earthquake Victims Last November 14, 2025, the DMCI Homes Davao Office donated portalets to the Manay regional evacuation center to help provide basic facilities for 50 families affected by the October 10 earthquake. The donation, carried out thro
Slide 35: ESG Highlights
ESG Highlights DPC Calapan Medical Mission Serves 122 Senior Citizens DMCI Power Corporation (DPC)-Calapan conducted a two-day medical mission for senior citizens of Barangay Sta. Isabel on October 23– 24, 2025, serving 122 beneficiaries. The activity provided free laboratory tests, medical consulta
Slide 36: ESG Highlights
ESG Highlights DPC Calapan Brings Holiday Cheer to 350 Families DMCI Power-Calapan held its annual Pamaskong Handog and Christmasaya on December 17, 2025, benefiting 350 families from Barangays Sta. Isabel, Tawagan, and Bayanan 1. Families received Christmas food packs, while children enjoyed games,
Slide 37: ESG Highlights
ESG Highlights DPC Palawan Doktor ng Barangay Program DPC – Palawan sustained its Doktor ng Barangay Program from October to December 2025 in Aborlan and Narra, Palawan. The initiative provided free weekly medical consultations, benefiting residents with limited access to healthcare. By bringing ser
Slide 38: ESG Highlights
ESG Highlights DPC Palawan Holiday Program Reaches 1,400 Families, 700 Children On December 24, 2025, DPC-Palawan delivered holiday assistance through its Pamaskong Handog and Christmasaya. A total of 1,400 families from Narra, Aborlan, and host communities received Noche Buena packs, while 700 chil
Slide 39: ESG Highlights
ESG Highlights DMPC Delivers Relief to Masbate Communities After Typhoon Opong From October 3 to 2, 2025, DMCI Masbate Power Corporation (DMPC) conducted relief operations for communities in Masbate affected by Typhoon Opong. The company distributed 4,250 bottles of water, 20,000 canned goods, 360 s
Slide 40: ESG Highlights
ESG Highlights DMPC Leads River Cleanup Under its Adopt-An-Estero Program DMPC carried out its fourth-quarter Adopt- an-Estero activity on October 23, 2025, at Tugbo Mobo River. In partnership with local agencies and volunteers, the initiative removed waste and debris, improving water flow and river
Slide 41: ESG Highlights
ESG Highlights DMPC Plants 600 Trees in Cataingan Reforestation Effort DMPC, in partnership with the local government of Cataingan, conducted a tree planting activity on November 28, 2025, in Pitogo. A total of 600 trees, including mahogany and mango, were planted to support reforestation and liveli
Slide 42: ESG Highlights
ESG Highlights DMPC Holiday Program Benefits 845 Families, 830 Students DMPC held its Pamaskong Handog and Christmasaya from December 9 to 17, 2025, benefiting 845 families and 830 students across Masbate. Families received Noche Buena packages, while students enjoyed meals and holiday activities. T
Slide 43: ESG Highlights
ESG Highlights ZMDC Education and Educational Support Program Zambales Diversified Metals Corporation (ZDMC) allocated ₱8.7 million in 2025 to implement its Education and Educational Support Program, delivering assistance across multiple initiatives. The program supported 543 college scholars and 77
Slide 44: ESG Highlights
ESG Highlights ZDMC Health Program ZDMC invested ₱6 million in 2025 to implement 72 health-related activities across its host communities. These included medical assistance in three barangays, improvement of one health center, provision of supplies to multiple facilities, feeding programs in 11 bara
Slide 45: ESG Highlights
ESG Highlights ZDMC Enterprise Development and Networking Program ZDMC allocated ₱4.5 million in 2025 for its Enterprise Development and Networking Program, completing 44 activities to support local livelihoods. The initiatives included the construction and improvement of five livelihood buildings,
Slide 46: ESG Highlights
ESG Highlights ZDMC Infrastructure and Support Services Program ZDMC invested ₱2.8 million in 2025 for its infrastructure development program, completing 174 activities across host communities. These included the construction of three water systems, 100 meters of road improvement, installation of 58
Slide 47: ESG Highlights
ESG Highlights ZCMCI Education and Educational Support Program Zambales Chromite Mining Company, Inc. (ZCMCI) allocated ₱2.3 million in 2025 for its education program, completing 23 activities across partner communities. The initiatives included scholarship support for 114 students, financial assist
Slide 48: ESG Highlights
ESG Highlights ZCMCI Health Services, Facilities and Professionals Program ZCMCI invested ₱1.6 million in 2025 to implement 42 health-related activities across its host communities. These included medical assistance in eight barangays, construction of a health center, provision of seven transport ve
Slide 49: ESG Highlights
ESG Highlights ZCMCI Enterprise Development and Networking Program ZCMCI allocated ₱1.9 million in 2025 for its Enterprise Development and Networking Program, completing 16 activities to support local livelihoods. These included assistance to 14 associations and cooperatives and the provision of equ
Slide 50: ESG Highlights
ESG Highlights ZCMCI Infrastructure and Support Services Program ZCMCI allocated ₱977,500 in 2025 for its infrastructure development program, completing 13 activities across host communities. These included the construction of a water system, a bridge, road improvements, installation of six solar st
Slide 51: Berong Mine Rehabilitation Program
Berong Mine Rehabilitation Program as of December 2025 33.5 450k Geotextile Installed Seedlings Produced (2.5x100 m) 174 ha. Rehabilitated Area 292.4k 1,901 Seedlings Planted Coco-coir Nets Installed (2x50 m) CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD • CONCREAT •
Slide 52: Concreat ESG Highlights Q4 2025
Concreat ESG Highlights Q4 2025 73% 80% 641 21% 1,362 0 Waste Recycling Plastic Waste Direct Employees Female Direct Indirect Employees LTIFR Employees Rate Recovery Rate Employees 0.84 ha. 1.7 1.8 1.1 0.2 Reforested Areas LTIFR Contractors Average Training Average Training Average Training Hours (p
Slide 53: Concreat ESG Highlights Q4 2025
Concreat ESG Highlights Q4 2025 73% 80% 641 21% 1,362 0 Waste Recycling Plastic Waste Direct Employees Female Direct Indirect Employees LTIFR Employees Rate Recovery Rate Employees 0.84 ha. 1.7 1.8 1.1 0.2 Reforested Areas LTIFR Contractors Average Training Average Training Average Training Hours (p
Slide 54: ESG Highlights
ESG Highlights APO Cement Wins DENR-EMB Award for Solid Waste Management Efforts Apo Cement was recognized for its outstanding contributions to residual waste diversion at the DENR - EMB Region 7's 2025 Solid Waste Management Summit and Expo in Cebu City. The "Residual Waste Diversion Partnership" a
Slide 55: ESG Highlights
ESG Highlights Concreat Foundation Backs Relief Efforts for Typhoon Tino Victims Concreat Foundation, Inc. extended its support to the communities affected by Typhoon Tino with a P1-million donation to the Provincial Government of Cebu. This contribution will help bolster ongoing relief and recovery
Slide 56: DMCI Holdings and Subsidiaries Income Statement
DMCI Holdings and Subsidiaries Income Statement in Php millions Q4 2025 Q4 2024 % FY 2025 FY 2024 % Revenues 21,039 25,012 -16% 108,653 102,379 6% Cost of Sales (11,074) (12,698) -13% (63,393) (52,337) 21% Operating Expenses (5,254) (4,122) 27% (15,718) (11,020) 43% Government share (Coal) 626 (1,99
Slide 57: Parent Balance Sheet
Parent Balance Sheet In Php millions Dec 2025 Dec 2024 % Cash and cash equivalents 5,969 7,396 -19% Receivables 525 618 -15% Investments in subsidiaries and assoc. 25,464 24,488 4% Other assets 383 70 447% Total Assets 32,340 32,572 -1% Accounts payable 141 138 2% Other liabilities 12 10 18% Total L
Slide 58: Q4/FY 2025 Financial Results
Q4/FY 2025 Financial Results STANDALONE INCOME STATEMENT in Php millions Q4 2025 Q4 2024 % FY 2025 FY 2024 % Revenues 5,112 4,206 22% 18,484 15,015 23% Cost of Sales (4,566) (4,057) -13% (16,724) (13,484) -24% Operating Expenses (167) (126) -33% (608) (521) -17% Total Cash Cost (4,733) (4,183) -13%
Slide 59: Q4/FY 2025 Financial Results
Q4/FY 2025 Financial Results CONDENSED BALANCE SHEET Total, Total, In Php millions DMCI JV DMCI JV % Dec 2025* Dec 2024* Cash and cash equivalents 2,856 2,529 5,385 1,987 2,286 4,273 26% Receivables 6,521 4,119 9,552 6,579 2,656 8,268 16% CIE 1,444 297 1,741 1,315 613 1,928 -10% Inventories 555 42 5
Slide 60: FY 2025 Revenue Breakdown
FY 2025 Revenue Breakdown Revenue Breakdown Order Book (in Php bn) FY 2025 FY 2024 Change In Php mn Building* 10,376 9,615 8% 49.3 Infrastructure 3,050 1,227 149% Joint Ventures (JV) and 4,286 3,202 34% 41.9 40.6 billables 38.5 18.7 Allied Services and others** 772 971 -20% 35.2 Total Revenues 18,48
Slide 61: Project Completion Status
Project Completion Status As of December 31, 2025 Order Book (in Php bn) Building Total Php 16.3 bn Php 38.5 bn 49.3 11% 3% 9% 41.9 40.6 8% 38.5 11% 18.7 35.2 55% 26% 17.1 77% 19.9 14.8 21.3 10.2 Infrastructure Joint Ventures 2.3 4.6 Php 0.9 bn Php 21.3 bn 3.4 0.9 2% 3% 20.4 19.7 19.0 17.0 16.3 98%
Slide 62: Ongoing and Prospect Bids and Estimates
Ongoing and Prospect Bids and Estimates Railways, Train Station, Roads, Bridges, Buildings, Malls, Warehouse, Hospitals, Data Center,, Causeway, Jetty, Ports, Piers, LPG Terminals, Fuel Depot, Industrial Mining Plant, Type of Projects Water Treatment Plant, Sewage Treatment Plant, Pumping Stations &
Slide 63: Build Better More Prospects
Build Better More Prospects Allied Services for North- Metro Manila Subway Project ODA Funded Projects South Commuter Railway & (Phase 1) Metro Manila Subway Project 1 BATAAN CAVITE INTERLINK BRIDGE 2 3 METRO MANILA BRIDGES PROJECT 4 Source: DOTR • 37-km from Valenzuela to Projects Pasay City • Conc
Slide 64: Completed Project
Completed Project DLSMHSI ACADEMIC COMPLEX General Academic Dasmariñas Cavite The Commons Senior High School CLIENT: De La Salle Medical Health & Sciences Institute DESCRIPTION: General construction works (CSA+MEPF) of Academic, Shared and Senior High School Buildings PROJECT: School Building COMPLE
Slide 65: Completed Project
Completed Project 1X8.826MW Mobo Bunker-fired Power Plant Masbate CLIENT: DMCI Masbate Power Corporation DESCRIPTION: Engineering Design and Construction Civil/Architectural and Slimeline Protection PROJECT: Power Plant COMPLETION: 2026 CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MIN
Slide 66: Featured Ongoing Project
Featured Ongoing Project PIONEER HOUSE BGC Bonifacio Global City CLIENT: Pioneer Insurance and Safety Corp. DESCRIPTION: Construction of a 27 Storey with 6 basements Office Building Bulk Excavation, Site Works, Structural, Architectural, Along 26th Street Mechanical, Electrical Sanitary/Plumbing Wor
Slide 67: Featured Ongoing Project
Featured Ongoing Project ST. LUKE'S MEDICAL CENTER QUEZON CITY - New Hospital Building Quezon City CLIENT: St. Luke’s Medical Center DESCRIPTION: Construction of a 12 storey new hospital building with three basements and a roof deck, Along 26th Street including demolition, site works, structural, an
Slide 68: Featured Ongoing Project
Featured Ongoing Project AMANI TOWER Bonifacio Global City CLIENT: Amani Corporation DESCRIPTION: Construction of a 36 floor building with seven basement levels, covering an estimated site area of approximately 3,400 square meters and totaling around 84,000 square meters of covered floor area. PROJE
Slide 69: Featured Ongoing Project
Featured Ongoing Project LA SALLE GREEN HILLS Mandaluyong City CLIENT: La Salle Green Hills DESCRIPTION: Construction of Senior High School and Innovation Building. PROJECT: School Building COMPLETION: 2026 CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD • CONCREAT 69
Slide 70: Featured Ongoing Project
Featured Ongoing Project NCCC MALL MA-A Davao City CLIENT: New City Commercial Corporation DESCRIPTION: Construction of 5 storey Commercial building with Basement parking level including Civil, Structural and Architectural PROJECT: Commercial Building (Mall) COMPLETION: 2026 CONSOLIDATED • DMCI • DM
Slide 71: Featured Ongoing Project
Featured Ongoing Project PIONEER COLD STORAGE Navotas City CLIENT: Pioneer Insurance & Surety Corp. DESCRIPTION: General Construction Works Demolition and Pile Driving Works, Survey and Lay out Works, Architectural works, Civil/Structural works, Mechanical Works, Electrical & Auxiliary Works, Fire P
Slide 72: Featured Ongoing Project
Featured Ongoing Project DESIGN AND BUILD OF LEVI MARIANO PUMP STATION AND RESERVOIR Taguig CLIENT: Manila Water DESCRIPTION: Design and Build of a pump station and reservoir to store water from Laguna de Bay with a capacity of 200 MLD for the pump station and 20 ML for the reservoir PROJECT: Pump S
Slide 73: Featured Ongoing Project
Featured Ongoing Project CEBU TANK STORAGE FACILITY Naga City, Cebu CLIENT: Therma Cebu Energy, Inc. DESCRIPTION: Construction of 61.40ML Capacity of Fuel Storage Tanks, 1.70ML Firewater Tank, Non-Tech Bldgs. and Berthing Facility PROJECT: Fuel Depot and Berthing Facility COMPLETION: 2026 CONSOLIDAT
Slide 74: Featured Ongoing Project
Featured Ongoing Project APO PORT DEVELOPMENT PROJECT Naga City, Cebu CLIENT: Concreat Holdings Philippines DESCRIPTION: Design and construct cement packing house and facility PROJECT: Cement Terminal COMPLETION: 2026 CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD • CO
Slide 75: Featured Ongoing Project
Featured Ongoing Project C5 LINK SEGMENT 3B Parañaque City CLIENT: CAVITEX Infrastructure Corporation DESCRIPTION: Construction of a six (6) lane, 2.0 km expressway connecting CAVITEX at Paranaque and C5 road Taguig, which includes of access roads, mainline viaduct, ramp, at-grade mainline, and toll
Slide 76: Newly Awarded Project
Newly Awarded Project METRO MANILA SUBWAY PROJECT PHASE 1 CP 105 (PARTNER WITH NISHIMATSU) Quezon City CLIENT: Department of Transportation (DOTr) DESCRIPTION: Building and Civil Engineering Works for approximately 0.656km Tunnel, with Two (2) Underground Stations at Kalayaan Ave & BGC PROJECT: Rail
Slide 77: Newly Awarded Project
Newly Awarded Project METRO MANILA SUBWAY PROJECT PHASE 1 CP 105 (PARTNER WITH NISHIMATSU) Taguig CLIENT: Department of Transportation (DOTr) DESCRIPTION: Building and Civil Engineering Works for approximately 0.656km Tunnel, with Two (2) Underground Stations at Kalayaan Ave & BGC PROJECT: Railway (
Slide 78: Awaiting Award
Awaiting Award METRO MANILA SUBWAY PROJECT PHASE 1 CP 109 (PARTNER WITH TAISEI CORPORATION) Pasay CLIENT: Department of Transportation (DOTr) DESCRIPTION: Supply, Installation, Construction, Testing, Commissioning and Training (including Integrated Testing and Commissioning) for the Underground Tunn
Slide 79: Q4/FY 2025 Financial Results
Q4/FY 2025 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q4 2025 Q4 2024 % FY 2025 FY 2024 % in Php millions Dec 2025 Dec 2024 % Revenues 2,701 2,655 2% 13,557 12,357 10% Cash and cash equivalents 11,353 9,688 17% Cost of Sales (1,610) (1,688) -5% (7,988) (7,3
Slide 80: FY 2025 Operating Highlights
FY 2025 Operating Highlights Completed Key Metrics FY 2025 FY 2024 Change No. of Projects No. of Units Sales Value Total Sales Value (Php bn) 21.4 33.4 -36% 78 76,372 Php 293 bn Location Metro Manila 89% 84% Non-Metro Manila 11% 16% Ongoing Product Type No. of Projects No. of Units Sales Value Resid
Slide 81: Project Feature
Project Feature Resort-inspired living on a grander scale Situated just a few minutes away from Cebu City's main business districts, Kalea Heights is DMCI Homes' first project in the city which features impressive big open parks and amenities. Designed seamlessly, Kalea Heights connects indoor and o
Slide 82: Project Feature
Project Feature Exquisite from every angle The first joint-venture project of DMCI Homes, the Philippine’s first Quadruple A developer, and Marubeni Corporation, a Japanese global conglomerate. The Valeron Tower is a residential masterpiece rising soon along the C-5 Ortigas Corridor, Metro Manila’s
Slide 83: Project Feature
Project Feature A new landmark for resort-inspired living Highlights: STRATEGIC LOCATION Artist's illustration: Lap pool • Located in Quezon Avenue which allows residents easy access to different parts of Metro Manila. (Skyway, MRT, upcoming subway) DISTINCT ARCHITECTURE • Distinctive building façad
Slide 84: Project Feature
Project Feature A mountain resort condotel Located along Marcos Highway in Tuba, Benguet, Moncello Crest is the second development under DMCI Homes Leisure Residences. Part of its commitment is to collaborate with surrounding communities and farms sustaining their livelihood by partnering with them
Slide 85: Project Feature
Project Feature Revel in cityscape Quezon City The Crestmont boasts modern contemporary architectural design that is tailored for the needs of go-getters and professionals. The development offers superior value for money through its ideal location, improved development features and resort-inspired a
Slide 86: Updates
Updates Why Quality Construction Matters More When You’re Renting-to-Own High construction standards lay the foundation for a better rent-to-own experience. With DMCI Homes’ HomeReady™ Rent-to-Own program, residents can lease a unit for up to 36 months before committing to purchase, with at least 60
Slide 87: Updates
Updates How DMCI Homes Elevates the Residential Leasing Experience In residential leasing, long-term value is determined long before a unit hits the market. It starts with how a development is designed and built, continues with how it is managed, and is ultimately proven by how residents experience
Slide 88: Updates
Updates DMCI Homes eyes expansion of condo carpool program amid rising fuel prices As fuel prices continue to climb amid tensions in the Middle East, DMCI Homes is looking to expand its award-winning RideShare Carpool Program to reach more condominium communities and provide residents with a more af
Slide 89: FY 2025 Operating Highlights
FY 2025 Operating Highlights Coal Key Metrics FY 2025 FY 2024 Change Power Key Metrics FY 2025 FY 2024 Change Strip Ratio (S/R) Plant Availability (%) 82% 80% 2% Aggregate* 11.5 14.1 -18% SCPC 79% 81% -2% Effective** 10.7 12.2 -12% SLPGC 84% 79% 6% Production (in MMT) 19.9 16.0 24% Average Capacity*
Slide 90: Q4 2025 Financial Results
Q4 2025 Financial Results STANDALONE INCOME STATEMENT Q4 2025 Q4 2024 In Php millions COAL SCPC SLPGC CHP Others Combined COAL SCPC SLPGC CHP Others Combined % Revenues 5,422 2,988 1,871 - 28 10,309 11,804 3,742 1,336 - 524 17,406 -41% COS (2,216) (1,214) (860) - (25) (4,315) (4,533) (1,833) (694) -
Slide 91: Q4 2025 Financial Results
Q4 2025 Financial Results CONSOLIDATED INCOME STATEMENT Q4 2025 Q4 2024 In Php millions COAL SCPC SLPGC CHP Others Conso COAL SCPC SLPGC CHP Others Conso % Revenues 4,066 2,988 1,871 - 48 8,973 9,935 3,742 1,336 - 510 15,523 -42% COS (1,670) (821) (680) - (45) (3,216) (3,681) (1,235) (546) - (485) (
Slide 92: FY 2025 Financial Results
FY 2025 Financial Results STANDALONE INCOME STATEMENT FY 2025 FY 2024 In Php millions COAL SCPC SLPGC CHP Others Combined COAL SCPC SLPGC CHP Others Combined % Revenues 35,514 15,772 7,400 - 259 58,945 47,070 15,390 8,099 - 1,366 71,925 -18% COS (19,156) (6,568) (2,954) - (251) (28,929) (21,366) (6,
Slide 93: FY 2025 Financial Results
FY 2025 Financial Results CONSOLIDATED INCOME STATEMENT FY 2025 FY 2024 In Php millions COAL SCPC SLPGC CHP Others Conso COAL SCPC SLPGC CHP Others Conso % Revenues 28,800 15,772 7,400 - 259 52,231 40,353 15,390 8,099 - 1,352 65,194 -20% COS (15,184) (5,395) (2,607) - (251) (23,437) (18,012) (4,699)
Slide 94: FY 2025 Financial Results
FY 2025 Financial Results CONSOLIDATED BALANCE SHEET In Php millions SMPC SCPC SLPGC CHP Others Dec 2025 SMPC SCPC SLPGC CHP Others Dec 2024 % Cash and cash equivalents 872 1,572 1,763 - 157 4,364 5,203 2,215 1,517 - 532 9,467 -54% Receivables 3,419 2,167 1,080 - 15 6,681 4,180 2,084 909 - 397 7,570
Slide 95: 2026 Coal Segment Guidance
2026 Coal Segment Guidance Shipments Pricing Target Mix Target Quality Mix Coal Operating Contract Bid Round Non-commercial Timeline Domestic Grade 54% Spot Indexed and Fixed 18% 27 February 2026 28 April 2026, 1PM DOE launch of PCECP* for Opening of Application 15.5 to 16 43% 57% Coal Bid Round doc
Slide 96: 2026 Power Segment Guidance
2026 Power Segment Guidance Potential Supply Target Additional Contracted Upcoming Planned Outages (Next 12 Months) Contracts Capacity 25 August 2026 141.1 MW SLPGC Unit 1 2026 25 days 26 January 2027 101 MW 2027 SCPC 272.5 51.5 191.2 515.2 SLPGC Unit 2 Under Negotiation 24 September 2026 30 days an
Slide 97: Q4/FY 2025 Financial Results
Q4/FY 2025 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q4 2025 Q4 2024 % FY 2025 FY 2024 % in Php millions Dec 2025 Dec 2024 % Revenues 1,729 1,827 -5% 7,758 7,620 2% Cash and cash equivalents 247 257 -4% Cost of Sales (1,176) (1,303) -10% (5,535) (5,554) 0%
Slide 98: FY 2025 Operating Highlights
FY 2025 Operating Highlights Key Metrics FY 2025 FY 2024 Change INSTALLED CAPACITY Installed Capacity (in MW) 188.3 159.8 18% 188.3 MW Bunker 58.0 42.0 38% Coal 30.0 30.0 0% Diesel 87.8 87.8 0% By Location By Fuel Type Wind 12.5 - 100% Antique Wind Energy Sales (in GWh) 522.2 491.2 6% 7% 7% Masbate
Slide 99: Q4/FY 2025 Financial Results
Q4/FY 2025 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q4 2025 Q4 2024 % FY 2025 FY 2024 % in Php millions Dec 2025 Dec 2024 % Revenues 1,114 884 26% 4,093 2,477 65% Cash and cash equivalents 901 848 6% Cost of Sales (473) (230) 106% (1,251) (910) 37% Receiv
Slide 100: FY 2025 Operating Highlights
FY 2025 Operating Highlights FY FY Key Metrics Change 2025 2024 Production (in WMT ‘000) 1,991 1,445 38% Selling Prices, Nickel Grade and Forex ZDMC 1,150 1,382 -17% 70 1.39% ZCMC 775 63 1,100% 60 1.38% 1.38% BNC 66 - 100% 1.36% 1.37% Shipment (in WMT ‘000) 1,934 1,477 31% 50 48 1.36% ZDMC 1,071 1,4
Slide 101: Q4/FY 2025 Financial Results
Q4/FY 2025 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q4 2025 Q4 2024 % FY 2025 FY 2024 % in Php millions Dec 2025 Dec 2024 % Revenues 8,992 8,249 9% 36,645 33,495 9% Cash and cash equivalents 26,793 10,520 155% Cost of Sales (1,464) (1,624) -10% (5,513) (5
Slide 102: FY 2025 Operating Highlights
FY 2025 Operating Highlights Key Metrics FY 2025 FY 2024 Change POPULATION SERVED & AVAILABILITY Production* (in MCM) 719.9 758.0 -5% 10.6 100.0 10.4 97.5 98.1 98.3 98.0 Billed Volume (in MCM) 550.8 553.5 0% 97.5 10.2 96.0 Customer Mix 92.7 94.0 Domestic 82.0% 81.5% 10.0 92.0 Commercial 18.0% 18.5%
Slide 103: Q4/FY 2025 Financial Results
Q4/FY 2025 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q4 2025 Q4 2024 % FY 2025 FY 2024 % in Php millions Dec 2025 Dec 2024 % Revenues 3,766 3,711 1% 15,111 15,918 -5% Cash and cash equivalents 758 1,935 -61% Cost of Sales (3,001) (3,181) -6% (11,821) (12,1
Slide 104: FY 2025 Operating Highlights
FY 2025 Operating Highlights Key Metrics FY 2025 FY 2024* Change Rated Capacity (in mn T*) 7.2 5.7 26% APO 3.8 3.8 0% Solid 3.4 1.9 79% Capacity Utilization (%) 59% 70% Production (in ‘mn T) 4.0 4.0 0% Sales Volume (in ‘mn T) 4.0 4.0 0% Overall ASP (in Php ‘000 /ton) 3.8 4.0 -5% Ending Inventory (in
Slide 105: Disclaimer
DISCLAIMER Neither DMCI Holdings, Inc. (DMCI), nor its advisors make any representation regarding, and assumes no responsibility or liability for, the accuracy or completeness of, or any errors or omissions in any information contained herein. Such information is subject to change without notice, it