Metro Pacific Investments Corp. (MPIC) reported continued double-digit growth in the third quarter, reinforcing its position as a key player in Philippine infrastructure and utilities. The conglomerate, which delisted earlier this year, is riding on strong momentum from its core businesses and expanding contributions from emerging ventures.
MPIC chief finance officer June Cheryl Cabal-Revilla said the company is in acquisition mode, with debt levels at a low of ₱60 billion. “Our verticals are all doing good,” she said, highlighting the upcoming IPO of Maynilad Water Services and strong performance in the power sector, particularly through Meralco.
Revilla also noted that smaller units, such as Landco Pacific Corp. and MWell (Metro Pacific Health Tech Corp.), are now contributing positively. MWell has achieved positive EBITDA and is poised for growth despite recent investments like the KonsultaMD acquisition. The firm has drawn international interest for its integrated health tech platform but is currently focused on domestic expansion.
For the first half of 2025, MPIC reported a 20 percent rise in consolidated core net income to ₱15 billion, up from ₱12.5 billion in the same period last year. Operating contributions rose 18 percent to ₱17.5 billion, driven by higher power demand, water tariff adjustments, and increased patient volumes in its hospital network.
Power remained MPIC’s primary income source, contributing ₱11.2 billion (64 percent of net operating income), followed by water at ₱3.8 billion and toll roads at ₱3.3 billion.
Chairman and CEO Manuel V. Pangilinan underscored MPIC’s strategy of scaling investments in energy, food security, and inclusive infrastructure. “The momentum is encouraging, and we intend to continue building on it,” he said.
