Repower 2025 profit surges by 177%

Repower Energy Development Corp. (REDC) saw a 177-percent profit surge last year, driven by its expansion in the renewables market.

The Tiu family-led company said its net income reached P330 million from P119 million booked a year earlier.

Revenues likewise climbed to P775.8 million from P533.4 million.

REDC attributed its strong 2025 standing to capacity expansion, which led to robust power sales, as well as favorable tariff adjustments.

The company’s capacity increased to 16 megawatts (MW) in 2025, up from 10 MW a year earlier.

“The performance shows that the investments we made post-IPO (initial public offering) are now translating into real earnings growth and value to our stakeholders,” REDC president Eric Roxas said in a statement Wednesday.

The group raised P1.15 billion from its market debut in 2023. This enabled Repower to accelerate the deployment of hydropower assets.

As it maintains its aggressive capacity buildout, the company is bullish about posting “stronger financial performance in 2026.”

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Last December, the company said a new 18.2-megawatt (MW) hydropower plant underwent commissioning.

It also has mini-hydropower projects clustered in Laguna, Quezon, Camarines Sur, Bukidnon and other provinces under development. Their combined capacity is pegged at 124 MW.

In 2024, Repower secured from the government wind energy service contracts with a total capacity of 500 MW.

The 25-year onshore and offshore wind contracts gave the firm the go-ahead to build projects in the towns of Real and Mauban in Quezon province.