Metro Pacific Investments Corp. (MPIC) reported a robust 17 percent increase in core net income for the first quarter of 2025, reaching ₱6.6 billion from ₱5.6 billion a year earlier, driven by solid operational performance across its diversified infrastructure portfolio.
The privately held conglomerate, which was delisted from the Philippine Stock Exchange in 2023, also posted a 48 percent surge in attributable net income to ₱9.1 billion. This sharp increase was primarily fueled by a one-time gain from the sale of its oil storage unit, Philippine Coastal Storage and Pipeline Corp.
MPIC’s total contribution from operations rose 16 percent year-on-year to ₱7.9 billion, supported by strong results in power generation via Manila Electric Co. (Meralco), higher tariffs at water utility Maynilad Water Services Inc., and rising patient volumes across its hospital network. Power remained the largest earnings driver, contributing ₱4.9 billion or 62 percent of net operating income, followed by water at ₱1.9 billion and toll roads at ₱1.4 billion.
Operating revenue reached ₱19.28 billion, up 9 percent from the previous year’s ₱17.62 billion, highlighting continued top-line expansion across business segments.
Chairman and CEO Manuel V. Pangilinan credited the “strong start” to the year to strategic execution and sector resilience. “We are accelerating investments in power generation and expanding our presence in agribusiness—both critical to national development and long-term value creation,” he said.
Maynilad saw its core income rise 17 percent to ₱3.6 billion, aided by cost efficiencies and an 8 percent tariff hike implemented in January. Revenue grew 6 percent to ₱8.6 billion.
Meanwhile, tollway revenue from Metro Pacific Tollways Corp. climbed 16 percent to ₱8.7 billion on higher traffic and toll hikes. However, net income declined by ₱1.5 billion year-on-year, reflecting the absence of one-off gains recorded in the prior period.
The first-quarter results underscore MPIC’s entrenched role in the Philippine infrastructure landscape and its ongoing pivot toward high-impact sectors to fuel sustainable, inclusive economic growth.
