MPIC books higher core income in H1
Conglomerate Metro Pacific Investments Corp. (MPIC) delivered higher core earnings in the first half despite a challenging environment, supported by strong results from its power and water businesses.
Metro Pacific Investments Corp. (MPIC) reported a rise in core earnings for the first half of the year, reaching P16 billion, up six percent from P15 billion in the same period last year. This growth was primarily driven by robust performance from its power and water businesses. Reported net income for shareholders slightly decreased by five percent to P16.2 billion, mainly due to a gain from selling Philippine Coastal Storage & Pipeline Corp. in 2025.
Manila Electric Co.'s core net income increased by 3.8 percent, hitting P26.5 billion, fueled by strong results in power generation. Maynilad's net income grew by 14 percent, reaching P8.51 billion, aided by reduced interest expenses and taxes. NLEX Corp. also saw a two percent increase in net income, totaling P7.47 billion, driven by higher toll revenues and cost-saving measures.
Metro Pacific Tollways Corp., a subsidiary of MPIC, reported a two percent net income increase for the six-month period, reaching P7.47 billion, mainly due to increased toll revenues and effective cost savings. MPIC is an infrastructure investment company focusing on long-term value creation for stakeholders through responsible and sustainable investments that benefit national progress and community well-being.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
