ALSONS Consolidated Resources Inc. on Friday reported that its net income in the first quarter of 2026 increased by 15 percent to P543.335 million from P472.173 million posted in the same period in 2025 on the back of strong sales.
In a disclosure, Alsons said revenues in the period went up to P3.355 billion from P2.985 billion a year earlier mainly due to rising electricity demand in Mindanao.
"The current geopolitical developments have caused major economic shifts not only in the Philippines, but in other economies around the world. Yet amid this evolving landscape, our commitment to powering communities remains steadfast," Alsons CFO Roberto Ramos said.
Alsons said Sarangani Energy Corp. remained its primary revenue and profit engine, supported by its Retail Electricity Supply (RES) unit and the company’s participation in the Wholesale Electricity Spot Market (WESM).
It also said that it was making significant progress in its two large-scale solar projects in Mindanao, further strengthening its energy portfolio and increasing the company's overall capacity.
"Despite the challenging global conditions and changing market environment, we remain focused on reliable operations, disciplined execution, and prudent cost management to ensure that we continue delivering value to our customers and shareholders," Ramos said.
Alsons shares on Friday dipped by P0.02 to close at P0.79 per share.
