Citicore Renewable Energy Corporation (CREC) is giving investors their first taste of returns since its 2024 stock market debut, declaring a P250-million cash dividend as strong earnings continue to power its expansion.
The renewable energy firm approved a dividend of P0.0224 per share, marking its first cash payout since listing on the Philippine Stock Exchange and signaling confidence in both its financial position and growth prospects.
The move comes after CREC posted consolidated net income of P1.15 billion in 2025, while net comprehensive income attributable to parent shareholders reached P740.1 million.
“Our dividend declaration reflects a prudent balance between funding the continued high-growth phase of the Company while rewarding shareholders with a decent yield return,” CREC President and CEO Oliver Tan said.
The payout highlights a balancing act increasingly watched by investors: rewarding shareholders while maintaining enough capital to fund an aggressive pipeline of renewable energy projects.
Tan said CREC continues to convert its project pipeline into operating assets, laying the groundwork for recurring revenues and long-term value creation.
“As we continue to energize more projects, we are converting our pipeline into operating assets that support sustainable growth and shareholder value,” he said.
The dividend also reinforces CREC’s transition from a fast-growing developer into a maturing renewable energy platform capable of generating both earnings growth and shareholder returns.
The board approved the cash dividend on June 17. Shareholders on record as of July 17 will be entitled to the payout, which will be distributed on Aug. 12.
For investors betting on the country’s clean energy buildout, the dividend offers an early sign that CREC’s growth strategy is beginning to translate into cash returns.
