Wilcon Depot, Inc., the biggest home improvement and construction supplies store in the Philippines, shared its financial results for 2025. The company showed mixed results for the year but ended strong in the last quarter.

What Happened in 2025?

According to the company’s press release filed with the Securities and Exchange Commission on March 30, 2026, Wilcon Depot earned a net income (the profit after all expenses) of P2.446 billion for the full year 2025. This was slightly lower by 3.3% or P83 million compared to what they earned in 2024.

However, the company’s total sales reached P35.444 billion, which was 3.7% higher than the previous year. Think of it like a sari-sari store selling more products but spending a bit more on operations too.

Strong Finish in the Last Quarter

The good news is that Wilcon had a very strong last quarter (October to December 2025). During this period, they earned P580 million in net income, which was 41.3% higher compared to the same period in 2024. Their sales for this quarter reached P9.107 billion.

Lorraine Belo-Cincochan, the President and CEO of Wilcon Depot, explained that they made some smart changes in how they run their stores. They adjusted things like how stores are organized, how they market products, and how items are arranged in stores. These changes helped turn things around in the second half of the year, with net income increasing by 26.0%.

What Does Wilcon Depot Sell?

Wilcon Depot operates stores that sell construction materials and home improvement products. They have different store formats:

• Wilcon Depot stores – Their main large stores that contributed 96.3% of total sales (P34.136 billion)
• Do It Wilcon (DIW) stores – Smaller stores that contributed 3.2% of sales (P1.123 billion)
• Project sales – Sales to construction projects that made up 0.5% (P185 million)

Store Expansion

Wilcon opened 6 new depot stores during 2025 and reopened one store that had burned down in 2024. They also closed 2 smaller DIW stores that weren’t performing well. By the end of 2025, they had 104 operating stores in total.

The company announced plans to open 8 more stores in 2026, and has already opened 3 new stores as of the press release date.

Good News for Shareholders: Higher Dividends

On March 25, 2026, Wilcon’s board of directors approved a cash dividend payment of P0.40 per share, totaling P1.640 billion. This is 11.1% higher than last year’s dividend of P0.36 per share.

This means shareholders (people who own stock in the company) will receive more money as their share of the company’s profits.

Understanding the Numbers

Here are some key financial terms explained simply:

• Gross profit – The money left after subtracting the cost of products sold. Wilcon’s gross profit was P13.677 billion with a gross profit margin of 38.6%, meaning they keep about 39 pesos for every 100 pesos in sales before other expenses.
• Operating expenses – The costs of running the business like salaries, electricity, and rent. These totaled P10.854 billion for the year.
• Same store sales growth – This measures if existing stores are selling more compared to last year (not counting new stores). This was relatively flat at -0.3% for the full year but improved to 3.8% in the fourth quarter.

What Helped and What Didn’t

Positive factors:

• New stores contributed to overall sales growth
• Their in-house and exclusive brands (products made specially for Wilcon) performed well, making up 52.4% of total sales
• Customers spent more per visit (ticket size increased by 3.5% in the fourth quarter)
• Strong recovery in the second half of the year

Challenges:

• Operating expenses increased by 3.7% due to higher costs for depreciation, employee salaries, and repairs
• Income from suppliers and other fees decreased
• Project sales declined significantly by 46.8%

Company Background

Wilcon Depot, Inc. (stock symbol: WLCON) operates under several brand names including Wilcon Depot, Wilcon Home Essentials, Do It Wilcon, and Bargain Center by Wilcon Depot. The company is registered with the SEC under number CS201524712 and has its main office at 90 E. Rodriguez Jr. Avenue, Ugong Norte, Quezon City.

As of the report date, Wilcon has 4,099,724,116 common shares outstanding in the stock market.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.