METRO Pacific Investments Corp. on Wednesday reported a consolidated core net income of P27.1 billion for 2025, up 15 percent from the previous year’s P23.60 billion, which it attributed to improved financial and operational performance across the group.
Contributions from operations rose 13 percent year on year to P32.10 billion, thanks to robust growth in Manila Electric Co.’s (Meralco) power generation business, the implementation of higher tariffs at Maynilad Water, and rising patient volumes across the Metro Pacific Hospitals network.
Reported net income for 2025 was P29.70 billion, up 5 percent from the previous year’s P28.20 billion, which included a one-time gain from a subsidiary.
“Our results in 2025 reflect the steady demand for reliable infrastructure and the consistent work of our teams across the group,” Metro Pacific Chairman, President and CEO Manuel Pangilinan said.
“Power, water, mobility and health care are essential services, and our focus has always been on improving how we deliver them to the communities we serve,” he added.
Power contributed the largest share to total operating income at P22.10 billion, followed by water and toll roads at P7.2 billion and P6.1 billion, respectively.
Meralco saw revenues rise 6 percent to P497.33 billion, reflecting higher pass-through charges, increased retail electricity sales and improved power generation revenues from the reserve market, supported by enhanced plant availability.
Maynilad Water Services Inc. posted 9-percent growth in revenues to P36.60 billion on the back of stable billed connections, aided by an 8-percent tariff increase implemented in January.
Metro Pacific Tollways Corp.’s revenues, meanwhile, rose 17 percent to P36.90 billion, attributed to a combination of toll increases and higher traffic.
Moving forward, Pangilinan emphasized the need for financial discipline amid an uncertain global environment.
“In times like this, our approach is to stay disciplined, manage our balance sheet carefully, focus on operational efficiency and continue investing where the country needs infrastructure the most,” he said.
“Looking ahead, our task remains straightforward, which is to grow responsibly while maintaining financial discipline,” Pangilinan continued.
“If we stay focused on execution and on serving the needs of the communities that depend on us, we believe the group will remain resilient. At the end of the day, our businesses exist to serve the country. If we do that well, quietly and consistently, the results will follow.”