VIVANT Corp. on Wednesday reported that its 2026 first-half consolidated net income had fallen by 19 percent to P784 million from P962 million a year earlier.
“Vivant recognizes that uncertainties continue to persist,” CEO Arlo Sarmiento said.“Externally, the ongoing conflict in the Middle East, slower-than-expected economic growth prospects and potential changes in industry regulations will continue to shape today’s business environment,” he added.“Resources have been dedicated to ensure commitments are met, operational processes are strengthened and restoration of these capacities at the soonest possible time.”The company’s consolidated revenues, however, grew by 40.74 percent to P7.6 billion from P5.4 billion in 2025.Operating expenses also rose by 16 percent to P994 million, driven by higher staffing expenses, professional fees in support of business development initiatives and higher taxes and licenses.The energy business contributed P1.3 billion to net income, 66 percent of which came from power generation.The electricity distribution sector generated P553 million but retail energy posted a P118-million loss because of lower average selling prices.Total sales volumes across all plants rose 7 percent to 2,132 gigawatt-hours from last year.Vivant’s water business, meanwhile, contributed P174 million, an 86-percent improvement from P93 million last year.On Wednesday, Vivant’s share price fell by P1.57 to close at P19.18 apiece.
