Alternergy Holdings Corp., a publicly listed renewable energy firm, reported a 28 percent jump in net income to P165 million in its fiscal year ending June 30, driven by strong performance from its operating solar and wind energy assets.
Revenues surged 31 percent year-on-year to P360 million, while earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 29 percent to P399 million, underscoring the profitability of its clean energy operations.
The company’s balance sheet also saw a dramatic improvement, with consolidated assets more than doubling to P17.9 billion, up from P8.7 billion a year ago. The increase was largely due to capital deployment into its “Triple Play” portfolio—a group of four major renewable energy projects currently under construction.
These include the 4.6-MW Dupinga run-of-river hydro plant, 28-MW Solana Balsik solar farm, 128-MW Tanay wind project, and 64-MW Alabat wind farm.
Alternergy’s cash position also doubled to P6 billion, representing 35 percent of total assets, ensuring ample liquidity to support the completion of the four projects, targeted between the fourth quarter of 2025 and the first quarter of 2026.
“We are pleased to report strong performance for the third year in a row after our public listing,” said President Gerry Magbanua. “Our operating assets continue to contribute significant margins. Once our current projects come online, we expect a substantial boost in the company’s financial standing.”
Magbanua added that ongoing expansion and revenue visibility will continue to enhance shareholder value and drive Alternergy’s long-term growth trajectory.
