Dominion Holdings, Inc. Reported a PHP 277.3 Million Net Income in 2023

Dominion Holdings, Inc. (formerly BDO Leasing & Finance, Inc.) reported a net income of P277.3 million in 2023, up from P69.3 million in 2022.

The company's investment portfolio was rebalanced towards higher-yielding placements and debt instruments, resulting in an increase in gross income to P343.7 million from P126.8 million the year before.

Total Resources, predominantly comprised of investment securities, amounted to ₱6.38 billion, while Stockholders’ Equity increased to ₱6.37 billion.

Dominion Holdings Inc.'s principal goal is to hold or own real estate holdings, securities, stock shares, and other assets of other companies, as well as to engage in investment and business activities related to these assets.

On July 21, 2022, the Company received SEC approval dated July 18, 2022, for the change in corporate name of BDO Leasing and Finance Inc. to "Dominion Holdings, Inc.", the shift in primary and secondary purposes from leasing and financing to holding company, and the corresponding amendments to the Company's Articles of Incorporation and Bylaws.

Dominion Holdings' status as an investment holding company allows for more flexibility in pursuing business opportunities that increase shareholder value.