Vivant Corp. has posted a 4 percent increase in net income attributable to equity holders, reaching P2.4 billion in 2024, up from P2.3 billion in 2023. The company attributed the performance to higher sales volumes in its power generation assets, retail electricity supply, and solar rooftop businesses. Power generation proved the largest contributor, accounting for 64 percent of net income, or P2.2 billion, while power distribution utilities contributed 36 percent, or P1.2 billion. Retail electricity brought in a modest P22.3 million.
Vivant also reported a significant surge in consolidated revenue, which rose 47.3 percent to P12.2 billion, compared to P8.28 billion in 2023. CEO Arlo Sarmiento highlighted the company’s commitment to expanding its energy portfolio with both conventional and renewable segments. Additionally, Vivant is investing in water projects, including the development of the country’s first large-scale seawater desalination facility which will supply water to 20,000 households in Metro Cebu.
Looking ahead, Vivant aims to continue its growth with a balanced approach to energy and water solutions, providing sustainable and reliable services to its customers.
