Dominion Holdings, Inc. (DHI), formerly known as BOO Leasing and Finance, Inc., reported a net income of ₱36.5 million for the first quarter of 2025. This represents a significant decrease compared to the ₱75.9 million earned during the same period in 2024. The primary reason for this decline is the substantial ₱3.2 billion cash dividend declared in May 2024.
This dividend payout had a considerable impact on DHI's financial position. Total assets decreased to ₱3.4 billion from ₱6.5 billion in Q1 2024. Similarly, stockholder's equity fell to ₱3.4 billion from ₱6.4 billion year-over-year. Total liabilities, however, remained relatively stable at ₱11.0 million. The reduced funds available for investment following the dividend distribution directly contributed to the lower income reported for Q1 2025. The company's financial statements reflect a strategic decision prioritizing shareholder returns, resulting in a temporary decrease in earnings. Future performance will depend on the reinvestment of retained earnings and new investment opportunities.
About Dominion Holdings, Inc. (formerly BDO Leasing and Finance, Inc.)
Dominion Holdings Inc.’s primary purpose is to hold/own real estate properties, securities/shares of stocks, and other assets of other companies, and engage in investment and business activities involving these assets.
On July 18, 2022, the SEC approved the change in corporate name of BDO Leasing and Finance Inc. to “Dominion Holdings, Inc.”, the shift in primary and secondary purposes from a leasing and financing company to that of a holding company, and the corresponding amendments to the Company’s Articles of Incorporation and By-laws.
As an investment holding company, Dominion Holdings has more flexibility in pursuing business opportunities that can enhance shareholder value.
