DoubleDragon Corporation's Total Equity is Set to Exceed P100 Billion in 2024

By 2024, DoubleDragon Corporation's total equity is expected to surpass P100 billion. The company is in a position to become one of the few with a 12-digit total equity level in the Philippines.​

Additionally, DoubleDragon Corporation is one of the few businesses in the Philippines with a credit rating from Philippine Rating Services Corporation that is PRS Aaa (Triple A), the highest rating category according to PhilRatings.

DoubleDragon's strong underlying stable base is its string of titled investment properties strategically placed in key areas throughout Mindanao, Visayas, Luzon, and Overseas.

In addition to having a diverse portfolio of hard assets, DoubleDragon is one of the few Philippine companies that has successfully created an innovative and distinctive brand and business model for Hotel101 that can be exported to several different countries.

DoubleDragon's balance sheet will be further strengthened by the impending Hotel101 Global listing in the US.

Consolidated Net Income for the year ended December 31, 2023, increased by +23.25% year over year to P15.93 billion, according to DoubleDragon Corporation's latest report. Consolidated Revenues for the same period came in at P24.74 billion.

As of December 31, 2023, the company's total assets were P181.24 billion, an increase of +15.59% over the previous year. At December 31, 2023, Total Equity rose +15.88% annually to P94.57 billion. As of December 31, 2023, DoubleDragon's debt-to-equity ratio was a very respectable 0.64x.​

In less than ten years, DoubleDragon has finished building over 1.3 million square meters of diversified assets, which include office buildings in Metro Manila, hotels in the Philippines and abroad, warehouse complexes across the nation, and a chain of provincial community malls in Luzon, Visayas, and Mindanao.

One of the few businesses that runs contemporary community malls in rural areas is DoubleDragon, which is present in Cotabato City, Koronadal City, Dipolog City in Zamboanga Del Norte, and Isulan Sultan Kudarat. This helps to boost the local economy in these areas while also making it possible for the actual provincial countryside to experience positive economic growth. One of the very few businesses in the Bangsamoro Autonomous Region with commercial investment reaching as far as Basilan Sulu is DoubleDragon.

(Excluding DoubleDragon's international asset portfolio) The company expects its nationwide Philippine portfolio of titled hard assets, which are strategically placed in Luzon, Visayas, and Mindanao, to completely mature by 2025 and to exceed P250 billion in asset value by 2030.

DoubleDragon expects that its asset-light Hotel101 subsidiary will establish itself as a leading domestic brand and business model exporter to other nations, bringing in a substantial amount of US dollars for the Philippines.

Additionally, it is anticipated that Hotel101 will enhance the already well-known Filipino hospitality brand in every nation in which it finally operates.

The major shareholders of DoubleDragon Corporation are Tony Tan Caktiong, the founder of Jollibee, and Edgar Injap Sia II, the founder of Mang Inasal, who leads Injap Investments Inc.

"DoubleDragon despite being a relatively newer player in a highly competitive industry dominated by long established giants that came way many decades ahead, we are grateful for the grit and hard work of our team and support of all our stakeholders that enabled DoubleDragon to demonstrate that the business landscape of the Philippines is a playing field that allows entrepreneurs to thrive, inspiring more and more entrepreneurs to build more start-ups and push it forward to eventually become large entrenched players over time,” said DoubleDragon Chairman Edgar “Injap” Sia II

“As an entrepreneur myself who started in the province, I firmly believe that a country that produces a continuous flow of new players that are able to grow and not just a handful of old players is vital for a robust and healthy economy that will contribute towards a First World Philippines." added Injap Sia.