MIC eyes P1-B profit in 2025 on P35-B investment push
Maharlika Investment Corp. (MIC) expects to haul in more than P1 billion in profit in 2025.
The Philippines’ fledgling sovereign wealth fund is preparing to deploy nearly P35 billion into a slate of approved investments this year.
Under its Strategy Map and Performance Scorecard for 2025, the state-run manager of the country’s P125-billion fund is targeting investments worth P34.94 billion. It expects to yield P1.78 billion in gross income.
After expenses, the MIC is targeting a net income of P1.01 billion in 2025, which would be lower than P2.68 billion it netted in its first full year in 2024.
Eric Jurado, an international investor and hedge fund manager, said the fund’s targets hinge on a minimum economic internal rate of return of 10 percent on all projects—a yardstick that “goes beyond financial gains to measure broader social benefits such as job creation, improved infrastructure and sustainable development.”
