C07104-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Nov 7, 2024
2. SEC Identification Number
ASO95002283
3. BIR Tax Identification No.
004-703-376-000
4. Exact name of issuer as specified in its charter
DMCI HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
DACON BLDG. 2281 CHINO ROCES AVENUE, MAKATI CITY Postal Code 1231
8. Issuer's telephone number, including area code
(632) 88883000
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON 13,277,470,000
PREFERRED 960
11. Indicate the item numbers reported herein
ITEM NO. 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

DMCI Holdings, Inc.DMC

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

DMCI Holdings Q3 earnings up 3% to P4.0B; 9M net income declines 23% to P15.1B
Background/Description of the Disclosure

Diversified engineering conglomerate DMCI Holdings reported a net income of P4.0 billion for the third quarter, marking a 3% rise from P3.9 billion in the previous year.

The increase was driven by stronger contributions from the water utility, power generation, construction, and nickel businesses, mitigating the impact of weaker results from coal mining and real estate.

Excluding non-recurring items, core net income also grew by 3%, from P3.9 billion to P4.0 billion.

"Each of our businesses has been affected differently by the new normal in an increasingly complex environment. We are working hard to strengthen our group's ecosystem, enhance operational efficiency to address macroeconomic challenges and weaker commodity prices, and effectively protect our margins," said DMCI Holdings Chairman and President Isidro A. Consunji.

From January to September, reported net income fell by 23% from P19.6 billion to P15.1 billion, attributable to weaker contributions from the integrated energy, real estate, and nickel businesses. Stronger contributions from the water utility, off-grid power generation, and construction segments partially offset the decline.

The group's nine-month bottom line remains 62% higher than the pre-pandemic level of P9.3 billion (9M 2019) and 12% above the pre-global energy crisis level of P13.5 billion (9M 2021).

Contribution Breakdown

In the third quarter, Semirara Mining and Power Corporation’s attributable net income contribution declined by 5% to P1.8 billion, from P1.9 billion last year, mainly due to weaker coal selling prices. Improved power generation contribution and higher coal shipments partially offset the impact of the stabilizing energy market.

Associate Maynilad Water Services contributed P921 million in net income, up 55% from P596 million, on the back of higher billed volume, increased average effective tariff and lower cash costs.

DMCI Homes reported a contribution of P768 million, down 36% from P1.2 billion due to lower real estate revenues. The decline was partially offset by increased contributions from joint venture construction revenues, rentals and forfeitures and finance income.

DMCI Power posted a 23% rise in contribution to P328 million, from P267 million last year, due to the uptick in energy sales and average selling prices, along with reduced cash costs.

D.M. Consunji, Inc. saw a 174% increase in contribution, from P47 million to P129 million, largely due to lower cash and noncash costs, as well as higher finance income.

DMCI Mining’s contribution recovered to P48 million, compared to a P154 million loss last year, owing to increased shipments and improved selling prices amid higher average nickel grade sold.

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Disclaimer: This press release may contain forward-looking statements, which are subject to risks and uncertainties that may cause actual performance to differ materially from expected results or projections as of the date of this news release. No assurance can be given that the results anticipated by DMC, or indicated by any such forward looking statements, will be achieved.
Other Relevant Information

None
Filed on behalf by:
Name Herbert Consunji
Designation Executive Vice President & Chief Finance Officer