REPOWER Energy Development Corp. (REDC) on Wednesday said net income in 2025 more than doubled, surging 117 percent to P330 million from P119 million, thanks to higher electricity generation and an improved revenue base.
In a disclosure, the company said the results demonstrated the effective deployment of capital following an initial public offering (IPO) in July 2023, adding that profits had yet to take into account a new 18.2-megawatt power plant commissioned in December.
Revenues grew to P775.80 million from P533.40 million, aided by a significantly increased generation capacity and favorable feed-in-tariff adjustments.
"Our 2025 results highlight the company’s solid fundamentals and disciplined execution. The substantial growth in net income reflects both increased generation and our continued commitment to operational excellence,” said Eric Roxas, company president.
The company said it had significantly increased its generating capacity since the IPO, enabling it to scale its operations across multiple hydropower assets and positioning the company to capture growing demand for clean and reliable energy.
“With its expanded generation capacity and a pipeline of projects at various stages of development, the company expects to deliver even stronger financial performance in 2026,” it said, noting that the full-year impact of its recently completed and ongoing projects was anticipated to further boost earnings.
Repower Energy shares jumped P0.35, or 5.38 percent, to close at P6.85 apiece on Wednesday.
