DoubleDragon Eyes ₱500B Revenue by 2035

DoubleDragon Corporation (DD) reaffirmed its ambitious growth targets during its Annual Stockholders Meeting on December 13, 2024.

Chairman Edgar Injap Sia II outlined the company’s immediate and long-term goals, emphasizing a dual focus on maturing its Philippine portfolio and expanding its global footprint.

Sia highlighted that the company’s current targets, first set in 2023, remain unchanged.

“These two specific and straightforward goals are what your DD team is currently executing day in and day out,” Sia said.

The company aims to maximize revenue generation from its Philippine portfolio and secure significant market presence overseas by 2025.

Sia expressed confidence in meeting these objectives, stating, “I can confidently say that yes, we can achieve those two goals on time as set in 2025.”

Looking further ahead, Sia unveiled a set of five strategic goals for 2035, centered on massive revenue growth, nationwide and global expansion, debt elimination, and shareholder returns.

The targets include exceeding ₱500 billion in annual global consolidated revenues and ₱50 billion in net income, completing a presence in all 82 Philippine provinces, expanding Hotel101 to 100 countries, becoming debt-free, and delivering annual dividends of over ₱12 billion.

“These are crystal-clear goals that will transform DoubleDragon into a major multi-foreign currency inflow generator for the Philippine economy,” Sia said.

He also assured stakeholders of the company’s commitment to these objectives.

“Your whole DD team will live and breathe these goals as we go forward towards 2035,” Sia emphasized.

DoubleDragon’s strategy includes fortifying its Philippine base while aggressively positioning itself in the global market.

The meeting was attended by key company leaders, including business stalwarts Dr. Tony Tan Caktiong and retired Chief Justice Artemio Panganiban.