MPIC core profit jumped 15% in 2025
Metro Pacific Investments Corp. (MPIC) posted stronger earnings in 2025, lifted by solid performance across its power, water and health-care businesses.
In a statement on Wednesday, the Manuel Pangilinan-led firm said consolidated core net income rose 15 percent to P27.1 billion, up from P23.6 billion in 2024. This growth reflected improved financial and operational performance across MPIC’s portfolio companies.
Contribution from operations increased 13 percent to P32.1 billion, driven mainly by stronger output from Meralco’s power generation business, higher tariffs at Maynilad Water Services and rising patient volumes within the Metro Pacific Hospitals network.
Among MPIC’s core businesses, the power segment remained the biggest contributor. It accounted for P22.1 billion or 69 percent of net operating income (NOI).
The water and toll road segments contributed P7.2 billion and P6.1 billion, respectively, representing a combined 42 percent of NOI.
Despite the strong underlying performance, reported net income grew at a slower pace of 5 percent. This was partly due to a one-time gain from a subsidiary recorded the previous year, which affected year-on-year comparisons.
Within the group’s operating units, Manila Electric Co. (Meralco) reported a 6-percent rise in revenues, reflecting higher pass-through charges, increased retail electricity sales and improved power generation revenues from the reserve market, supported by better plant availability.
At Maynilad, revenues climbed 9 percent to P36.6 billion, helped by the implementation of an 8-percent rate increase in January 2025 and stable billed connections.
Metro Pacific Tollways Corp. (MPTC) saw toll revenues rise 17 percent to P36.9 billion due to higher traffic volumes and toll rate adjustments.
MPTC’s core net income increased 8 percent, although reported net income slipped 4 percent to P6.2 billion.
At the parent level, MPIC ended the year with P7.9 billion in cash and short-term investments, compared with P11.5 billion at the end of 2024.
MPIC chair Pangilinan said the company’s results reflect steady demand for essential infrastructure services such as power, water, mobility and health care.
“The global environment remains uncertain, with ongoing geopolitical conflict in the Middle East and other external pressures affecting energy markets and investor sentiment. 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,” Pangilinan said.
