Alsons Consolidated Resources (ACR) posted strong revenue growth last year, buoyed by rising electricity demand, expanded retail supply operations, and the contribution of a new power plant, even as earnings were weighed down by asset impairments.
The Mindanao-focused firm reported revenues of P14.9 billion, up 19 percent from P12.54 billion in 2024, driven by higher sales in its Retail Electricity Supply (RES) segment, increased trading volumes in the Wholesale Electricity Spot Market (WESM), and the commercial rollout of its Bohol power facility.
Despite the topline growth, net income slipped slightly to P2.4 billion from P2.5 billion a year earlier, reflecting the impact of impairment losses on its fossil fuel-based generating assets. However, net income attributable to the parent rose 10 percent to P800 million, signaling improved core profitability.
Chief financial officer Roberto P. Ramos said the results highlight ACR’s ability to navigate a challenging operating environment marked by geopolitical risks and volatile energy markets.
“Despite ongoing geopolitical developments, we remain confident in our growth prospects and are committed to delivering stable and reliable electricity,” Ramos said, noting that the company is working with government and industry partners to manage risks and secure supply.
ACR’s performance reflects broader trends in the Philippine power sector, where demand continues to grow alongside economic activity, supporting higher generation and trading opportunities. At the same time, legacy fossil fuel assets are facing increasing pressure from both cost volatility and the global shift toward cleaner energy.
The company is addressing the volatility by accelerating its transition into renewables. It is advancing the SPPC Solar Power Project, which secured capacity under the Department of Energy’s Green Energy Auction Program, while the Bawing Solar Power Project has obtained Green Lane certification from the Board of Investments.
These initiatives position ACR to diversify its generation mix and capture emerging opportunities in the country’s energy transition, while maintaining stable earnings from its core power assets.
