WEST Zone concessionaire Maynilad Water Services, Inc. (Maynilad) on Friday reported on the progress of its business plans last year, noting in particular that water service and sewerage network expansion continued to be implemented.
The company also told the stock exchange that it maintained strong billing and collection performance, supported by established customer payment channels.
Residential customers remained the primary source of billings, it added.
Billed volume for 2025 was stable across all customer classes, with residential customers accounting for the largest portion of demand followed by semi-business, commercial and industrial users.
Operational efficiency initiatives, meanwhile, were said to have led to improvements in its non-revenue water (NRW) performance. These helped Maynilad keep the total average NRW level for the full year at 34.9 percent and the year-end NRW level at 30.7 percent.
The water concessionaire said it expanded its sewerage network last year to increase coverage and carried out desludging services in compliance with sanitation service obligations.
Maynilad earlier reported a core net income of around P11.4 billion in the first nine months of 2025, up 18 percent year-on-year, driven by higher revenues and a slower increase in operating expenses.
Revenues grew 10 percent from a year earlier to P27.70 billion, reflecting the impact of an eight-percent tariff increase implemented in January 2025.
Maynilad shares on Friday went up by P0.40 to close at P18.10 apiece.
