Core units power hike in MPIC profit

Upgrade to High-Speed Internet for only ₱1499/month!

Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.

Visit Suniway.ph to learn

March 12, 2026 | 12:00am

MANILA, Philippines — Conglomerate Metro Pacific Investments Corp. (MPIC) recorded a double-digit jump in core earnings last year, sustaining its growth momentum amid strong performance from its power, water and health care businesses.

MPIC saw its core net income climb by 15 percent to P27.1 billion in 2025 from P23.6 billion in the previous year.

Improved financial and operational performance across the group’s portfolio resulted in a 13-percent hike in contribution from operations to P32.1 billion, fueled by robust growth in Meralco’s power generation business, the implementation of higher tariffs at Maynilad Water and rising patient volumes across the Metro Pacific Hospitals network.

MPIC said its reported net income for the year accelerated at a slower pace of five percent, as the prior year included a one-time gain from a subsidiary, which tempered year-on-year comparisons despite strong underlying performance.

“Our results in 2025 reflect the steady demand for reliable infrastructure and the consistent work of our teams across the group. 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,” MPIC chairman, president and CEO Manuel V. Pangilinan said.

Among the MPIC’s core businesses, power contributed the largest share last year at P22.1 billion or 69 percent of net operating income, while water and toll roads contributed P7.2 billion and P6.1 billion, respectively, totaling 42 percent together.

Meralco’s core net income grew by 12 percent year-on-year to P50.6 billion, boosted by stronger contributions from both the power generation and distribution utility businesses.

Higher revenues and improved network efficiency, meanwhile, buoyed Maynilad’s core profit by 19 percent to P15.2 billion.

Metro Pacific Tollways, for its part, delivered a core net income increase of eight percent, with toll revenues surging by 17 percent to P36.9 billion, driven by a combination of toll rate increases and traffic growth across its tollway network in the Philippines.

Looking ahead, Pangilinan said the group’s task remains on growing responsibly while maintaining financial discipline.

“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,” he said.

With ongoing geopolitical conflict in the Middle East and other external pressures affecting energy markets and investor sentiment, Pangilinan said the global environment remains uncertain.

“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.