Alsons Consolidated Resources Inc., the listed energy arm of the Alcantara Group, posted stronger first-quarter earnings as rising electricity demand in Mindanao and improved power trading offset mounting global economic uncertainty.
The company said consolidated net income climbed 15 percent to P543 million in the first three months from P472 million a year earlier. Net income attributable to the parent company surged 64 percent to P223 million from P137 million, while consolidated revenues rose 12 percent to P3.36 billion from P2.99 billion.
The earnings growth highlights the resilience of Mindanao’s power sector despite heightened volatility in global fuel markets and geopolitical tensions that have pushed up energy costs across Asia.
“The current geopolitical tensions have caused major economic shifts not only for the Philippines, but in other economies around the world. Yet amid this evolving landscape, our commitment to powering communities with care remains steadfast,” said Roberto P. Ramos.
Alsons said Sarangani Energy Corporation remained the group’s largest earnings contributor during the quarter. Its retail electricity supply business also boosted results, with contracted capacity reaching 118 megawatts, while stronger participation in the Wholesale Electricity Spot Market helped support margins.
“Despite the challenging global environment and shifting market conditions, we remain focused on reliable operations, disciplined execution, and prudent cost management to ensure that we continue delivering value to our customers and stakeholders,” Ramos added.
Beyond conventional power generation, the company is accelerating its renewable energy expansion strategy as demand for cleaner and more stable energy sources rises.
Alsons said construction and development activities are advancing on two large-scale solar power projects in Mindanao, part of its broader effort to diversify its generation portfolio and strengthen long-term energy security in southern Philippines.
The company’s expansion into renewables comes as energy firms increasingly position themselves against fuel price volatility and tightening sustainability requirements from investors and regulators.
With Mindanao’s economy continuing to expand and power demand expected to remain robust, Alsons appears to be leaning on both conventional and renewable assets to sustain growth while navigating an increasingly uncertain global energy landscape.
