FILINVEST Development Corp. (FDC), the listed holding company of the Gotianun family, is targeting sustained growth and stronger earnings by capitalizing on its portfolio and pursuing various synergies.

The conglomerate intends to "grow earnings by an average of at least 20 percent annually," FDC President and Chief Executive Officer Rhoda Huang told stockholders last Friday.

"We must push for transformation across the group to drive quality and attain faster earnings growth to achieve this target in the next five years," he added. "This means a healthy balance between a higher return on invested capital and revenue growth."

The company is confident it is well-positioned to achieve its target, anchored on strategic initiatives and collaborations across its portfolio businesses.

"[W]e will shape and optimize our portfolio to guide strategic focus and support businesses in areas such as capital allocation, business development, and initiatives to accelerate value creation," Huang said.

"As a cohesive group, our portfolio companies can leverage key platforms that will drive operational excellence and improve ways of working so that our businesses can focus on business building."

FDC's consolidated net income surged 46 percent to P12.1 billion last year, from P8.3 billion in 2022, following robust improvement across all business segments.

Net income attributable to the parent's equity holders rose 58 percent to P8.9 billion from P5.7 billion, while consolidated revenues increased by 31 percent to P92.8 billion from P71.1 billion.

The conglomerate has programmed up to P25 billion for capital spending this year and is looking at beefing up its war chest via a preferred share offering.

"Our aim is to fast-forward Filinvest, armed with a strategic framework for future growth," Huang said.

Shares in Filinvest Development closed unchanged at P5.70 each last Friday amid a 0.82-percent climb for the benchmark Philippine Stock Exchange index.

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