ACEN Corp. posted a 411 percent jump in consolidated net income to P3.9 billion in the first half of 2026, from P763 million a year earlier, the Ayala Group energy firm said Tuesday.
Stronger power output, favorable local market conditions, and higher contracted energy sales drove earnings. Renewables capacity reached 7,517 MW, aided by new battery storage construction. Gains were partly offset by reduced holdings in select Indian projects.
President and CEO Eric Francia said results show recovery and measured growth, with focus on financial strength, contracted sales, and storage expansion. CFO Jonathan Back noted global renewables demand as key opportunity, with disciplined spending and cost controls.
ACEN targets completing or starting 1,000 MW of projects this year, mostly battery storage. It aims for 20,000 MW of renewables by 2030 and net-zero emissions by 2050, with operations across 10+ markets including Philippines, India, Australia, and Vietnam.
