MANILA Water Company Inc. on Friday reported a net income of P4.835 billion for the first quarter, up from P3.706 billion a year earlier, with tariff adjustments having driven revenues to P10.63 billion from P9.541 billion.
“Our earnings strength shows resilience in the face of inflationary and operating headwinds, even as we continue to invest with discipline and purpose,” Manila Water president and CEO Roberto Locsin said in a statement.
East Zone Concession revenues grew 11 percent to P8.50 billion whole non-East Zone earnings were nine percent higher at P2.405 million.
Capital expenditures decreased by 40 percent to P2.80 billion for the first quarter of 2026, with P2.40 billion accounted for by the East Zone concession and WawaJVCo Inc.
The bulk of the East Zone concession’s spending went to wastewater expansion, network reliability and water supply projects in line with service obligations.
Manila Water also said that it had strengthened its readiness for a likely El Niño later this year.
Plans include the diversification and optimization of water sources, enhancement of treatment and distribution capacity, as well as the deployment of contingency supply systems such as deep wells and mobile water delivery solutions.
“With economic challenges and the threat of El Niño on the horizon, we fulfill our service obligations from a position of preparedness, which are backed by diversified sources, reinforced assets, and rigorous contingency planning,” Locsin said.
Manila Water’s share price rose by 40 centavos, or 0.9 percent to P44.90 on Friday.
