Manila Water delivered another robust period of double-digit growth, with net income rising 25 percent to nearly ₱12.6 billion on the back of strong performance from its East Zone and NEZ PH operations. Continued efficiency efforts lifted EBITDA by 14 percent to over ₱21 billion, widening the margin to 73 percent. A ₱1.1-billion gain from the sale of its East Water investment in Thailand further boosted results, while core net income—excluding one-offs—climbed 15 percent to ₱11.6 billion with a stronger 39 percent margin.
East Zone revenues surged to ₱24 billion following January’s rate rebasing tariff adjustment, offsetting a slight decline in billed volume. Tight cost control kept expenses nearly flat, enabling EBITDA to rise 14 percent to ₱18.2 billion and margins to reach 75 percent. Across the rest of the Philippines, net income grew 11 percent to ₱852 million, driven by tariff adjustments and a 5 percent increase in billed volume, with domestic units such as Clark Water, Estate Water, Boracay Water, Cebu Water, and Tagum Water leading the expansion. Manila Water International’s earnings contribution also jumped to ₱1.1 billion due to the East Water divestment.
CAPEX reached nearly ₱18 billion, mostly directed to East Zone infrastructure. president and CEO Jocot de Dios said the results reflect disciplined portfolio management and consistent execution, strengthening Manila Water’s financial position and enabling continued investment in long-term service commitments and new growth opportunities.
