Metro Pacific Tollways Corp. (MPTC) reported a 3 percent drop in net income for the first quarter of 2026, totaling ₱2.25 billion from ₱2.32 billion a year earlier, due to rising costs and expenses.
Total revenues rose 13 percent year-on-year to ₱10.4 billion, driven by more vehicles using its roads and approved toll rate adjustments. Average daily vehicle entries increased 2 percent domestically to 730,000 and 2 percent internationally to 1.72 million. New rate hikes on the North Luzon Expressway (NLEX) and the full-quarter effect of 2025 adjustments also boosted earnings. Non-toll income edged up 2 percent helped by steel girder sales, though lower power sales partly offset gains.
Operating costs climbed 22 percent to ₱3.82 billion, squeezing overall profits.
MPTC’s Philippine network includes NLEX, CAVITEX, CALAX, and the Cebu-Cordova Link Expressway. Overseas, it has stakes in toll road and infrastructure projects in Indonesia and Vietnam through its regional arm, MPT Asia Corp.
