DoubleDragon Q1 2025 income surged 245% to P2.05B

DoubleDragon sees 245% income surge in Q1

MANILA, Philippines – DoubleDragon Corp. netted P2.05 billion in the first quarter, representing a 245-percent surge as its overseas projects generated higher sales.

In a stock exchange filing on Monday, the property venture of tycoons Edgar Sia II and Tony Tan Caktiong said its revenues had likewise more than doubled to P4.45 billion.

READ: Hotel101 bound for Nasdaq

This was driven by a 69-percent increase in unit sales at Hotel101, its condotel brand, particularly projects abroad, including Hotel101-Madrid in Spain.

At the same time, DoubleDragon said it had exceeded the P100-billion total equity mark, ending the quarter with P102.1 billion.