First Pacific Company Limited (Stock Code: 00142) has published an announcement to provide details of Metro Pacific Investments Corporation’s (MPIC) unaudited consolidated financial results for the nine months ended 30 September 2025. MPIC, in which First Pacific holds approximately 49.9% economic interest, had its shares delisted from the Philippine Stock Exchange on 9 October 2023.
MPIC reported a 14% increase in Consolidated Core Net Income to ₱23.6 billion from ₱20.8 billion a year earlier. Power, Water, and Toll Roads all contributed to the higher figures. Power posted the largest share of Net Operating Income (NOI) at ₱17.6 billion (65% of NOI), while Water and Toll Roads contributed ₱5.8 billion and ₱4.4 billion, respectively.
In the Power segment, Manila Electric Company (“MERALCO”) achieved a 5% revenue increase driven by higher pass-through charges, expanded retail electricity sales, and improved power generation revenues. Its Consolidated Core Net Income rose 14% to ₱40.0 billion. Meanwhile, Maynilad Water Services, Inc. (“MAYNILAD”) recorded 10% revenue growth to ₱27.7 billion, helped by an 8% tariff adjustment and improved efficiency in non-revenue water management.
Metro Pacific Tollways Corporation (“MPTC”) saw Toll Revenues rise 17% to ₱27.0 billion due to traffic growth and higher toll rates in the Philippines, although its Core Net Income dipped by 2% to ₱4.8 billion amid increased financing costs. MPIC’s management noted continued momentum in its key operating segments and reaffirmed its commitment to critical national infrastructure projects in power, water, and toll roads.
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