Consunji bullish on DMCI’s future amid challenging times

MANILA, Philippines — Tycoon Isidro Consunji has expressed confidence on the DMCI Group’s ability to navigate the periods ahead even as he expects conditions to remain uneven, particularly with recent developments in the Middle East affecting fuel costs and the broader economy.

Consunji, chairman and president of diversified engineering conglomerate DMCI Holdings Inc., said during the company’s annual stockholders’ meeting yesterday that businesses across the group remain on solid footing, supported by healthy cash flows and low debt.

He said off-grid energy and nickel mining segments are positioned for growth, while the cement business is seeing operational improvements and is working toward cash breakeven this year amid a competitive market.

The tycoon said the group is also preparing for the coal operating contract bid process in Semirara, with the belief that it is well positioned to continue operations.

However, Consunji expects construction and real estate to see some near-term cost pressure and may be affected by possibly higher interest rates.

Still, he said the group remains confident in its real estate offerings.

“This year marks 30 years since DMCI Holdings’ listing on Dec. 18, 1995, when we raised P2.5 billion to support the company’s next phase of growth,” Consunji said.

From an initial market capitalization of around P10 billion, he said the DMCI Group has grown to around P135 billion and has paid out more than P146 billion cash dividend since 2006.

“This progress has not been without its challenges. We have gone through major cycles, each shaping how we operate and move forward. This speaks of how far we have come, and the role we continue to play in helping build and support the nation,” Consunji said.

For 2026, DM Consunji Inc. president and CEO Jorge Consunji said the group’s construction unit would focus on participating in major infrastructure projects, while maintaining a balanced order book between infrastructure and private sector as well as further strengthening its execution capabilities through training.

The company in April received a notice of award for Metro Manila Subway Contract Package 109 in a joint venture with Taisei Corp. of Japan, which covers the station near the new Senate building and the NAIA Terminal 3.

Commencement of work is expected to begin in the second half of 2026.

For the real estate business, DMCI Homes president Alfredo Austria said the company  would optimize its existing inventory through ready-for-occupancy sales and rent-to-own program, while offering flexible payment terms and expanding its market reach, including international sales.

Following the launch of One South Drive in April, an exclusive project in Baguio City, DMCI Homes is preparing to launch Moriyama Nature Park and other transit-oriented developments, subject to market conditions.

DMCI Power Corp., for its part, will pursue expansion of capacity and supporting electrification in underserved areas.

DMCI Power president Antonino Gatdula Jr.  said the company expects to bring around 44 megawatts (MW) of additional capacity online within the year following the commissioning of an 8.8-MW plant in Masbate in March 2026.

“We are also expanding into Occidental Mindoro, which will serve as a new operating area, with a 17 MW bunker-fired power plant currently under development and targeted for commercial operations in 2027,” Gatdula said.

DMCI Mining, meanwhile, expects 2026 to be a milestone year, according to its president Tulsi Das Reyes, as the company ramps up the Long Point mine and sustain production while managing the transition from Zambales Diversified Metals Corp. which is expected to reach depletion later this year.

“We see this momentum carrying over the next few years as our Palawan operations continue to scale, more than meeting with regulatory and environmental standards,” he said.

Supported by operational improvements implemented in 2025, DMCI’s cement business Concreat Holdings Philippines Inc. is focused on increasing utilization, growing volumes, improving cost efficiency and strengthening its market position this year.

Semirara Mining and Power Corp. (SMPC), meanwhile, has its sights set on the coal operating contract bidding process in Semirara Island in Antique.

“While the area is now up for bidding, we approach this constructively and with confidence, building on nearly 30 years of operating experience in Semirara,” SMPC president Maria Cristina Gotianun said.

“In the meantime, we will continue operations as planned and prepare the best mine plan aligned with continuity, energy security, and contribution to the government,” she said.

Consunji bullish on DMCI’s future amid challenging times

Mercurio

MANILA, Philippines — Tycoon Isidro Consunji has expressed confidence on the DMCI Group’s ability to navigate the periods ahead even as he expects conditions to remain uneven, particularly with recent developments in the Middle East affecting fuel costs and the broader economy.

Consunji, chairman and president of diversified engineering conglomerate DMCI Holdings Inc., said during the company’s annual stockholders’ meeting yesterday that businesses across the group remain on solid footing, supported by healthy cash flows and low debt.

He said off-grid energy and nickel mining segments are positioned for growth, while the cement business is seeing operational improvements and is working toward cash breakeven this year amid a competitive market.

The tycoon said the group is also preparing for the coal operating contract bid process in Semirara, with the belief that it is well positioned to continue operations.

However, Consunji expects construction and real estate to see some near-term cost pressure and may be affected by possibly higher interest rates.

Still, he said the group remains confident in its real estate offerings.

“This year marks 30 years since DMCI Holdings’ listing on Dec. 18, 1995, when we raised P2.5 billion to support the company’s next phase of growth,” Consunji said.

From an initial market capitalization of around P10 billion, he said the DMCI Group has grown to around P135 billion and has paid out more than P146 billion cash dividend since 2006.

“This progress has not been without its challenges. We have gone through major cycles, each shaping how we operate and move forward. This speaks of how far we have come, and the role we continue to play in helping build and support the nation,” Consunji said.

For 2026, DM Consunji Inc. president and CEO Jorge Consunji said the group’s construction unit would focus on participating in major infrastructure projects, while maintaining a balanced order book between infrastructure and private sector as well as further strengthening its execution capabilities through training.

The company in April received a notice of award for Metro Manila Subway Contract Package 109 in a joint venture with Taisei Corp. of Japan, which covers the station near the new Senate building and the NAIA Terminal 3.

Commencement of work is expected to begin in the second half of 2026.

For the real estate business, DMCI Homes president Alfredo Austria said the company  would optimize its existing inventory through ready-for-occupancy sales and rent-to-own program, while offering flexible payment terms and expanding its market reach, including international sales.

Following the launch of One South Drive in April, an exclusive project in Baguio City, DMCI Homes is preparing to launch Moriyama Nature Park and other transit-oriented developments, subject to market conditions.

DMCI Power Corp., for its part, will pursue expansion of capacity and supporting electrification in underserved areas.

DMCI Power president Antonino Gatdula Jr.  said the company expects to bring around 44 megawatts (MW) of additional capacity online within the year following the commissioning of an 8.8-MW plant in Masbate in March 2026.

“We are also expanding into Occidental Mindoro, which will serve as a new operating area, with a 17 MW bunker-fired power plant currently under development and targeted for commercial operations in 2027,” Gatdula said.

DMCI Mining, meanwhile, expects 2026 to be a milestone year, according to its president Tulsi Das Reyes, as the company ramps up the Long Point mine and sustain production while managing the transition from Zambales Diversified Metals Corp. which is expected to reach depletion later this year.

“We see this momentum carrying over the next few years as our Palawan operations continue to scale, more than meeting with regulatory and environmental standards,” he said.

Supported by operational improvements implemented in 2025, DMCI’s cement business Concreat Holdings Philippines Inc. is focused on increasing utilization, growing volumes, improving cost efficiency and strengthening its market position this year.

Semirara Mining and Power Corp. (SMPC), meanwhile, has its sights set on the coal operating contract bidding process in Semirara Island in Antique.

“While the area is now up for bidding, we approach this constructively and with confidence, building on nearly 30 years of operating experience in Semirara,” SMPC president Maria Cristina Gotianun said.

“In the meantime, we will continue operations as planned and prepare the best mine plan aligned with continuity, energy security, and contribution to the government,” she said.