6 days ago
MPIC posts P15-billion core net income in H1, up 20%
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) saw a 20% growth in its core net income in the first half of 2025 to P15 billion from P12.5 billion in the same period in 2024.
MPIC attributed its earning growth to improved performance across its portfolio with contributions from units' operation rising 18% to P17.5 billion on the back of robust growth in Meralco's power generation business, the implementation of higher tariffs at Maynilad, and rising patient volumes across the Metro Pacific Hospitals network.
MPIC's power business, led by Meralco, continued to contribute the largest share at P11.2 billion or 64%.
The conglomerate said its water and toll roads business contributed P3.8 billion and P3.3 billion, respectively, accounting for 41%.
'Our performance in the first half of the year reflects the continued resilience and strength of our businesses. We've seen meaningful contributions from power, water, and toll roads—sectors that are fundamental to the country's development,' said MPIC chairman, president, and CEO Manuel Pangilinan.
'Beyond financial performance, we are sharpening our focus on long-term value creation by scaling investments in areas where we can make the greatest impact—energy, food security, and inclusive infrastructure. The momentum is encouraging, and we intend to continue building on it,' he added. — Ted Cordero/BM, GMA Integrated News
