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Elijah Felice Rosales - The Philippine Star
August 7, 2025 | 12:00am
More agriculture projects under consideration
MANILA, Philippines — Diversified conglomerate Metro Pacific Investments Corp. (MPIC) booked a core income of P15 billion in the first half due to higher contributions from its power, water and tollway businesses.
Based on its financial report, MPIC’s core income grew by 20 percent in the first semester, from P12.5 billion a year ago, backed by Manila Electric Co.’s power generation and Maynilad Water Services Inc.’s higher charges.
Likewise, MPIC’s reported income went up by more than a third to P17 billion, driven largely by the sale of the company’s oil storage unit Philippine Coastal Storage and Pipeline Corp.
Power remains MPIC’s largest income contributor as it delivered P11.19 billion in the first half. Water pumped in P3.82 billion, tollways booked P3.34 billion, while MPIC’s other ventures cut their net loss by 37 percent to P845 million.
Maynilad president and CEO Ramoncito Fernandez said the company is marching forward with its plan to go public by October. Maynilad is aiming to raise as much as $600 million from both local and foreign investors in its initial public offering (IPO).
Apart from this, Metro Pacific Tollways Corp. (MPTC) is gearing up for its own IPO as soon as it refinances up to P25 billion of its debts over the next 12 months.
MPTC president and CEO Jose Maria Lim also said the tollway builder and operator is aiming to finish expansion works for the Cavite-Laguna Expressway and Cebu-Cordova Link Expressway in 2026.
By then, MPTC would have additional segments in its network where it can draw revenue from, improving its attractiveness to investors once it goes public.
Outside of its flagship businesses, MPIC is making headway in expanding in food and health. In agriculture, Metro Pacific Agro Ventures Inc. (MPAV) is putting up 10 more greenhouse projects across the archipelago over the next five years.
However, MPAV wants to complete the facilities in a shorter period to expand the country’s food supply. Right now, MPAV is studying the feasibility of locating these greenhouse farms in Aklan, Benguet, Cebu and Palawan.
MPIC is also generating more revenue from health as patient volumes are going up in Metro Pacific hospitals.
MPIC chairman, president and CEO Manuel V. Pangilinan said the public can expect more value creation from the company, as it makes fresh investments on energy, food and infrastructure.
