Alsons Consolidated Resources Inc. (ACR) reported an improvement in its bottom line for the first nine months of 2025, with net income attributable to the parent company rising to P695 million from P604 million last year. The increase was mainly due to the recognition of a development fee from its partner in Sarangani Energy Corporation.
Consolidated net income stayed broadly in line with year-ago levels at P1.82 billion, compared with P1.89 billion in 2024, reflecting stable revenue performance despite uneven dispatch across its power assets.
Revenues reached P8.90 billion, roughly matching last year’s results. Lower dispatch from Western Mindanao Power Corporation — following improved voltage conditions in Zamboanga — slightly weighed on performance. This was tempered by steady output from Mapalad Power Corporation and Sarangani Energy Corporation.
Cost of goods sold and services declined to P5.122 billion from P5.371 billion, reflecting lower fuel costs and reduced operating expenses. The Siguil Hydro Power Plant, operational since August 2024, contributed to lower variable and maintenance costs, supporting overall cost efficiency.
Gross profit increased to P3.783 billion from P3.55 billion, with margins improving to 43 percent from 40 percent as the company continued to manage expenses carefully.
General and administrative expenses rose to P575 million from P442 million due to higher personnel and travel-related costs associated with expanded operations, though spending remained within planned levels.
Net finance charges grew to P1.33 billion from P995 million, driven by interest on the Siguil Hydro project, partially offset by debt amortization.
Earnings per share edged up to P0.109 from P0.095, reflecting ACR’s steady financial performance amid shifting operating conditions.
