Italpinas income fell 27% to P251M in 2025

MANILA, Philippines – Boutique developer Italpinas Development Corp.’s (IDC) 2025 net income fell 27 percent to P250.9 million, weighed by higher interest expenses and lower appraisal gains. 

This came despite a 29.9-percent jump in sales to P784.7 million, driven by strong take-up of ongoing residential projects. 

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In a statement on Monday, the company cited solid demand for developments in Cagayan de Oro and Batangas, alongside contributions from newer subsidiary-led projects. 

IDC said non-operational factors offset gains from improved revenues and margins, leading to the decline in overall profitability. 

The firm also reported stronger financial health, with total assets rising to P4.5 billion and liabilities declining year-on-year. 

Liquidity improved as the current ratio climbed to 1.74, while the debt-to-equity ratio eased to 1.29, reflecting lower reliance on borrowings. INQ