ALSONS Consolidated Resources Inc. on Friday said that net income dropped to P2.4 billion last year, from P2.5 billion in 2024, due to an impairment loss from the firm’s fossil fuel generating assets.
"Despite ongoing geopolitical developments, we remain confident in our growth prospects and we are committed to delivering stable and reliable energy to every Filipino,” Alsons Chief Financial Officer Roberto Ramos said.
“We are working closely with the government and industry partners to address existing conditions and mitigate potential risks, whole actively exploring alternative sourcing strategies to rectify possible disruptions," he added.
The company said it recorded revenues of P14.9 billion, up 19 percent from P12.54 billion, driven by growing electricity demand, stronger retail electricity supply sales, higher volume from the Wholesale Electricity Spot market and the operation of its Bohol power plant.
Alsons said the performance underscored a commitment to strengthening its relevance in the energy sector.
It added that it was looking at expanding its portfolio of renewable energy assets, specifically the SPPC and Bawing solar power facilities.
Alsons share price fell by two centavos to close Friday at P0.74 apiece. ED PAOLO SALTING