Dominion Holdings, Inc. (DHI) recorded a net income of PHP 36.5 million in the first quarter of 2025, a sharp decline from PHP 75.9 million in the same period last year.
The company attributed the lower earnings to diminished investable funds following a significant PHP 3.2 billion cash dividend distribution in May 2024.
The dividend payout cut the firm’s Total Assets nearly in half, down to PHP 3.4 billion from PHP 6.5 billion in the first quarter of 2024.
Stockholder’s Equity also dropped to PHP 3.4 billion from PHP 6.4 billion year-on-year, while Total Liabilities held steady at PHP 11.0 million.
“The large cash dividend in 2024 reduced the size of the asset base we could deploy into income-generating investments,” said a company spokesperson.
Dominion Holdings is an investment firm managing real estate, securities, and various asset classes aimed at maximizing long-term value.
Previously known as BOO Leasing and Finance, Inc., the firm transitioned to its current structure in July 2022 after receiving regulatory approval to amend its corporate name and primary business purpose.
The strategic pivot enabled Dominion to shift away from leasing and finance operations toward broader investment activities to boost shareholder returns.
The company stated the move aligns with its goal to “build a portfolio that delivers sustainable income and capital appreciation over time.”
Founded to respond to evolving market opportunities, Dominion’s transformation reflects a wider trend among financial firms seeking more agile investment structures in the post-pandemic economy.
