DOMINION HOLDINGS, Inc.’s (DHI) net income dropped by 51.91% in the first quarter, it said on Tuesday.

“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,” it said in a statement.

“The lower income is attributed to reduced funds available for investment following the declaration of P3.2 billion in cash dividends in May 2024.”

Its financial statement was unavailable as of press time.

The dividend payout also resulted in a decline in DHI’s total assets to P3.4 billion at end-March from P6.5 billion a year ago.

“Stockholders’ equity also declined to P3.4 billion from P6.4 billion a year ago, while total liabilities remained steady at P11 million,” it said.

DHI holds or owns real estate properties, securities or shares of stocks, and other assets of companies and engages in investment and business activities involving these assets.

The Securities and Exchange Commission in July 2022 approved DHI’s change of name and the shift in its purposes to that of a holding company from a leasing and financing company.

DHI shares closed unchanged at P1.25 apiece on Tuesday. — A.M.C. Sy

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