Vivant Corp. is leaning harder into water and renewable energy to broaden its earnings base, even as plant disruptions dragged down its first-half 2026 profit.
The company posted consolidated core net income of P784 million in the six months to June, down 19 percent from a year earlier. Net income attributable to parent equity holders reached P757 million.
The softer bottom line came despite a sharp rise in revenue, which climbed 41 percent to P7.6 billion on a 53 percent jump in power sales. Unplanned downtime at conventional power plants weighed on energy earnings, highlighting the risks of relying too heavily on the group’s traditional business.
Power generation remained Vivant’s largest earnings contributor at P853 million, followed by distribution utility Visayan Electric Co. at P553 million.
Still, the company is seeing momentum in businesses outside its core power operations.
“Despite softer overall results from our energy business, we see bright spots across our businesses,” Vivant CEO Arlo G. Sarmiento said, citing resilient performance from its on-grid and off-grid assets and improving contributions from water.
Water delivered one of the clearest gains, with net income contribution jumping 86 percent to P174 million from P93 million a year earlier. Vivant expects the business to gain further traction as it expands in bulk water supply, distribution, and wastewater treatment.
Renewables are also moving up the agenda. Vivant has acquired full ownership of a project company developing a 200-megawatt wind farm in Northern Samar, targeted for completion by 2028.
Its 22-MW solar project in Bulacan began testing and commissioning in July, adding another piece to the group’s growing clean-energy portfolio.
The strategy gives Vivant more than a diversification story. It gives the company additional earnings engines at a time when conventional power operations remain exposed to outages, fuel costs, and other operating pressures.
Water, meanwhile, offers exposure to an essential service with persistent supply gaps, while renewables tap growing demand for cleaner electricity.
Vivant said it will continue optimizing costs and deploying capital into expansion projects, backed by a strong balance sheet.
The first-half results may have taken a hit, but the portfolio is changing shape. For Vivant, the bet is that water and cleaner power can turn diversification into a sturdier growth engine.
