DM Wenceslao & Associates' (PSE:DMW) net income amounted to 936 million Philippine pesos in the first half of 2025, driven by solid leasing operations.

The real estate developer's recurring revenues, which consist of rentals from land, buildings, and other assets, increased 9% annually to $ 1.7 billion, representing 90% of total revenues.

Meanwhile, residential revenues totaled 178 million pesos, according to a filing made on Friday with the Philippine Stock Exchange.