MAYNILAD Water Services. Inc. on Wednesday said that net income in the first three months of 2026 rose 10.3 percent to P4 billion, from P3.60 billion a year earlier, on higher billed volume and an expanding customer base.
The West Zone water concessionaire said revenues grew 6.2 percent to P9.10 billion from P8.60 billion.
“Our first-quarter results reflect steady execution across both our operations and investment programs. We continue to see improvements in service reliability and water availability, while sustaining strong financial performance,” Maynilad President and CEO Ramoncito Fernandez told a media briefing.
Capital expenditures reached P5.40 billion, up 11.6 percent from P4.90 billion a year earlier. The spending went to wastewater treatment expansion, water source development, non-revenue water management, operations support and system upgrades, and customer service and IT enhancements.
Maynilad COO Christopher Lichauco told the same briefing that several flagship projects “are expected to be commissioned within the year.”
“To improve our buffer supply, we have the Parada Reservoir in Valenzuela, which is a 40-ML (million liter) reservoir. We also have the La Mesa lagoon in Quezon City, where we are constructing a 200-ML raw water reservoir,” he said.
In anticipation of an El Niño, he said facilities already under construction included Pasay New Water, with a capacity of 16 million liters of water (MLD); the 6 MLD Molino Modular filter plant; the Julian Modular Filter Plant, Parañaque New Water; and 17 deep wells.
“All of these are projected to be commissioned on time this year,” Lichauco said.
Moving forward, Fernandez said Maynilad intended to continue improving its system and services even as it navigates currently difficult conditions.
“As we move forward in 2026 and despite possible challenges from the Middle East, our focus remains on strengthening the system, reducing losses and ensuring that our investments translate into better service for our customers,” he said.
Maynilad shares on Wednesday jumped P1.05, or 5.0 percent, to close at P22.05 apiece.
