DoubleDragon ready to pursue next phase of growth

DoubleDragon Corp., the property developer chaired by tycoons Edgar “Injap” Sia Il and Tony Tan Caktiong, is unleashing its next phase of growth, which it intends to achieve over the next decade.

- By RICHMOND MERCURIO

In a message during the company’s annual stockholders’ meeting yesterday, Sia said the entire DoubleDragon team is now fully prepared to intensely pursue its next phase of growth going forward from 2025 to 2035.

“2025 is coming to an end, and we have now activated the next phase of DoubleDragon’s growth,” he said.

The company’s targets include exceeding P500 billion in global consolidated annual revenue and achieving a net income level of P50 billion by 2035.

DoubleDragon also intends to become a totally debt-free company by 2035 and generate annual cash dividends exceeding P12 billion annually by then.

Furthermore, the company aims to have fully nurtured its existing hard asset portfolio to an optimal level in Luzon, Visayas and Mindanao, and to have completed its footprint in all 82 provinces in the Philippines, held directly or through its subsidiaries.

Lastly, DoubleDragon, through Hotel101 Global, aims to establish a presence in 100 countries worldwide by 2035.