C07095-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Sep 24, 2023
2. SEC Identification Number
ASO95002283
3. BIR Tax Identification No.
004-703-376-000
4. Exact name of issuer as specified in its charter
DMCI HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
3RD FLOOR DACON BLDG. 2281 CHINO ROCES AVENUE, MAKATI CITY Postal Code 1231
8. Issuer's telephone number, including area code
(632) 8888 3000
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON 13,277,470,000
PREFERRED 960
11. Indicate the item numbers reported herein
ITEM NO. 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

DMCI Holdings, Inc.DMC

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

DMCI Mining surpasses 2022 production output; Set to expand operations
Background/Description of the Disclosure

DMCI Mining Corporation is on track to surpass its 2022 nickel ore production and shipments, after recording notable improvements in the first semester.

From January to June, production nearly doubled (98%) from 567,000 wet metric tons (WMT) to 1.12 million WMT, which is even better than its 2022 full-year output of 1.03 million WMT.

Meanwhile, shipments in the first-half of this year reached 1.06 million WMT, equivalent to 73 percent of the total sales volume of 1.45 million WMT in 2022.

“We attribute our strong performance to improved operational efficiency and permit timing,” said DMCI Mining president Tulsi Das C. Reyes.

“Shortly after Zambales Diversified Metals Corporation (ZDMC) was granted an ECC amendment, we worked on securing the auxiliary permits, local manpower and heavy equipment needed to boost our production capacity,” he explained.

Last January, ZDMC was granted an amended environmental compliance certificate (ECC) that allowed the company to raise its annual production to a maximum of 2.7 million dry metric tons.

“To sustain our growth momentum and offset the impact of our Berong mine depletion, we are looking to open new mines in Zambales,” said Reyes.

According to Reyes, one mine will be operational by December this year and another is set to open by second quarter of 2024.

For the first half of 2023, DMCI Mining recorded a net income of P708 million, a 35-percent drop from P1.09 billion owing to lower selling prices and increased costs from higher shipments, fuel consumption, depreciation, amortization and labor expenses.


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Disclaimer: This press release contains forward-looking statements, which are subject to risks and uncertainties that may cause actual performance to differ materially from expected results or projections as of the date of this news release. No assurance can be given that the results anticipated by DMC, or indicated by any such forward looking statements, will be achieved.
Other Relevant Information

None.
Filed on behalf by:
Name Herbert Consunji
Designation Executive Vice President & Chief Finance Officer