FINWIRES · TerminalLIVE
FINWIRES

DoubleDragon's Revenues Soar 56% in 2025

By

DoubleDragon (PSE:DD) reported record high revenues of 27.9 billion Philippines pesos for the financial year 2025, surging 56.3% from 17.9 billion pesos a year earlier.

The property developer attributed the jump to fresh contributions from its overseas operations, according to a Monday Philippines Exchange filing.

The company said 2025 marks a shift toward core revenues as fair value gains from earlier leasing projects fade.

Total assets reached 225.3 billion pesos, with debt-to-equity remaining below 1x and well within its internal ceiling.

Looking ahead, DoubleDragon expects stronger core income in 2026 and continues to target long-term expansion, including its 2035 goal of 500 billion pesos in revenues and a wider global footprint through its Hotel101 platform.

Related Articles

Asia

Olive Tree Estates Secures Shareholder Approval for Name Change

Olive Tree Estates (SGX:1H2) secured an approval from shareholder via a special resolution to change the company's name to Evologic International, according to a Friday filing with the Singapore Exchange.The special resolution, which was passed at the real estate developer's extraordinary general meeting, passed unopposed.

$SGX:1H2
Asia

Market Chatter: Fortescue Unit Faces Lawsuit for Sending Alleged 'Dummy' Electric Batteries to US Partner, Says AFR

Fortescue's (ASX:FMG) battery-making unit Fortescue Zero is facing a lawsuit from its US partner for allegedly sending them defective batteries, according to a Monday report by the Australian Financial Review, citing court filings.The report said that Fortescue is fighting the allegations in the Florida Middle District Court against the Orlando-based marine propulsion company Evoa.Evoa has claimed in its lawsuit that Fortescue did not send a prototype in time in February 2024 and instead sent "dummy packs," which were "battery cases without technology," the report said, citing the court filings.Later in April 2024, five demonstrator packs sent by Fortescue "did not meet the specifications" that Fortescue had represented, Evoa alleges in the lawsuit.According to Evoa's claims, Fortescue continued to promise delivery of the equipment until February 2025, before saying that Evoa should stop using the battery packs, citing a new risk assessment, the report added.The report said that Evoa has alleged that Fortescue Zero Chief Executive Ellie Coates wrote to Evoa in March 2025 to cancel the whole program and wrote again in April 2025, demanding payment of $1.5 million, despite allegedly not delivering the equipment.Evoa has said that it should not have to pay the amount, and Fortescue should repay about $1.3 million that Evoa deposited in May 2024, the report added.AFR said that a Fortescue spokesman said on Monday that Fortescue "strongly rejects all allegations being made."Fortescue did not immediately respond to' request for comment.The company's shares rose 1% in recent Monday trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$ASX:FMG
Asia

Repower Energy Consortium to Acquire Taft Hydroenergy for PHP3.9 Billion

Repower Energy Development (PSE:REDC) is leading a consortium to acquire 100% of Taft Hydroenergy in a 3.93 billion Philippine pesos deal, which includes a 1.1 billion pesos loan component.Taft Hydroenergy owns a 15.93-megawatt hydropower facility in the Visayas, Philippines, according to a Monday Philippines Exchange filing.Repower Energy Development's portion of the acquisition covers 520 million shares worth 1.57 billion pesos, alongside partners Tokai, and South East Energy.The deal completion is subject to regulatory approvals and closing conditions, it said.

$PSE:REDC