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 12, 2025

2. SEC Identification Number

26986

3. BIR Tax Identification No.

000-846-618-000

4. Exact name of issuer as specified in its charter

D.M. WENCESLAO & ASSOCIATES, INCORPORATED

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

15th Floor, Aseana 3, D. Macapagal Blvd corner Asean Ave., Aseana City, Parañaque City Postal Code 1701

8. Issuer's telephone number, including area code

(632) 8854-5711

9. Former name or former address, if changed since last report

Not Applicable

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 Shares	3,395,864,100

11. Indicate the item numbers reported herein

N/A

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.

D.M. Wenceslao & Associates, IncorporatedDMW

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
DMW’s 9M2025 Net Income Grows to Php1.4 Billion
Background/Description of the Disclosure
D.M. Wenceslao and Associates, Inc.’s (DMW) 9M2025 net income grew to Php1.4 billion on the back of a stable leasing platform and a strong residential recovery. Recurring revenues comprising rentals from land, commercial buildings, and other ancillary leasing sources increased to Php2.5 billion, representing 86% of total revenues. Commercial building and ancillary rental revenues rose 5% YoY to Php1.5 billion, driven by a steady increase in building occupancy. DMW fortified its position in the evolving office market through the launch of AXS Aseana, the company’s co-working and flexible workspace hub. Located in Aseana II, the 687-square meter facility caters to startups, remote-workers, and enterprise teams seeking scalable, plug-and-play offices in a well-connected location. This marks DMW’s entry into the fast-growing flexible workspace industry, broadening its product offerings in Aseana City. Residential revenues surged 41% YoY to Php387 million as multiple accounts qualified for revenue recognition and as construction further progressed toward completion. Notably, 9M2025 residential revenues have already exceeded the full-year 2024 level. Unit handovers are underway, marking the arrival of a new residential community in Aseana City. With a low debt-to-equity ratio of 0.08x and a net cash position, DMW maintains the financial strength and flexibility to advance its development pipeline while pursuing strategic growth opportunities.
Other Relevant Information
“We look toward 2026 with optimism, supported by the sustained improvement not only in DMW’s operations but also in the broader Metro Manila property market,” said Benigno A. Tatunay, Chief Finance Officer. “With falling interest rates, we see a more favorable environment ahead that will further stimulate property demand and enhance the growth trajectory of our portfolio,” Mr. Tatunay added.