MAYNILAD Watevr Services, Inc. (Maynilad) on Tuesday said that net income had climbed 19 percent to P15.219 billion in 2025, from P12.781 billion a year earlier, boosted by sustained operating efficiencies and continued infrastructure investments.
Consolidated revenues grew 9.4 percent to P36.645 billion from P33.495 billion in 2024, backed by approved tariff adjustments and stable billed connections.
It said that average non-revenue water (NRW) improved to 34.9 percent in 2025 from 39.9 percent in 2024, with year-end NRW declining to 30.7 percent.
NRW reduction initiatives during the year recovered approximately 256 million liters per day (MLD) of water, Maynilad said.
The West Zone water concessionaire also said that 24/7 water service coverage reached 91.9 percent last year, consistent with reported regulatory performance metrics, while sewer coverage expanded to 26.5 percent.
Capital expenditures hit a record P26.9 billion and were invested mostly in water supply facilities, network upgrades, and sewerage infrastructure to strengthen system reliability and expand wastewater services.
“The results... marked strong consolidated financial performance alongside meaningful service improvements,” Maynilad President and CEO Ramoncito Fernandez said.
“Moving forward for this year, we remain focused on disciplined capital allocation, operational efficiency, and long-term value creation while fulfilling our service obligations,” he added.
Maynilad shares on Tuesday were up P1.10, or 5.31 percent, closing at P21.80 per share and outpacing the benchmark Philippine Stock Exchange index’s 0.95-percent gain.