FDC allots P27.6 billion for 2026 capex

MANILA, Philippines — Fresh from a banner 2025, the Gotianun family’s Filinvest Development Corp. (FDC) wants to keep the momentum this year with plans to spend P27.6 billion to support expansion and growth across the group’s business units.

FDC’s capital expenditures budget for the year is 11 percent higher than the previous year’s P24.8 billion.

FDC chief finance officer Ven Christian Guce said about 48 percent of the capex budget would be allocated to the group’s expansion-related projects.

On a per-segment basis, he said 40 percent is going to power, 38 percent to real estate and 10 percent to banking.

“We’re expanding capacity for our power business. There are real estate projects that we’re just completing. The focus is to liquidate the inventory. And then we’re also finishing our hotel in Baguio. Also, we’re building a wastewater sewage treatment plant in Filinvest City in Alabang, which will also allow us to supply water to a growing city,” Guce said.

On the banking side, he said the group would spend about P2.67 billion this year, a large part of which will be allocated to its digital transformation.

“We’re spending another P2.7 billion to support the digital transformation of the group – deploying AI (artificial intelligence), competency, training and AI tools. So we’re upgrading major systems in the group, like project management, construction management tools, business performance management tools,” Guce said.

Guce said FDC has options regarding funding for its planned capex this year.

“In terms of funding, we have a senior bond that’s maturing in the third quarter. So we’re looking at the markets. We have options. Flexibility between bilateral loans or tapping the capital markets,” he said.

FDC recorded a strong 2025 performance, during which the group booked its highest profit in history, driven by growth across its banking, real estate and power subsidiaries.

Net income attributable to equity holders of the parent company surged by 24 percent to P15 billion last year from P12.1 billion the previous year.

Consolidated net income reached P18.9 billion, up by 20 percent year-on-year, as total revenues and other income grew to P120.6 billion.