DOMINION Holdings Inc. (DHI, formerly BDO Leasing and Finance Inc.) reported a net income of P36.5 million in the first quarter of 2025, compared to the P75.9 million earnings in the same period in 2024.
The lower income is attributed to reduced funds available for investment, following the declaration of P3.2 billion in cash dividends in May 2024.
The cash dividend payout decreased the total assets to P3.4 billion from P6.5 billion in the first quarter of 2024. Stockholder's equity also declined to P3.4 billion from P6.4 billion a year ago, while total liabilities remained steady at P11.0 million.
Dominion Holdings is an investment holding company engaged in owning real estate, securities, and other assets.
Formerly operating as a leasing and finance firm, the company shifted its corporate focus in July 2022 after securing Securities and Exchange Commission’s (SEC) approval to amend its name and business purpose.
The transition enables greater flexibility in pursuing opportunities that enhance shareholder value. (PR)