Coal slump, cement losses hit DMCI earnings despite broad revenue growth
Diversified conglomerate DMCI Holdings Inc. reported a 9 percent year-on-year decline in net income for the first quarter of 2025 to ₱5.1 billion, down from ₱5.6 billion, citing the impact of stabilizing coal prices and the integration of its newly acquired cement business.
Monde Nissin 1Q profit falls 21% amid soft noodle sales, Quorn weakness
Monde Nissin Corp., the maker of Sky Flakes biscuits and Lucky Me! noodles, reported a 21 percent drop in first-quarter net income to ₱2.73 billion, down from ₱3.48 billion a year earlier, citing continued pressure on its meat alternative segment and softness in its core noodle business.
SPAVI 1Q sales hit ₱3.5B, adds 52 new stores
Shakey’s Pizza Asia Ventures, Inc., a leading food service group in the country, reported a 17 percent year-on-year increase in systemwide sales for the first quarter of 2025, reaching P3.5 billion in revenue, a 14 percent uptick.
SMC quadruples 1Q profit to ₱43.4B on asset sale windfall
San Miguel Corp. (SMC) reported a more than four-fold surge in first-quarter net income to ₱43.4 billion, up from ₱8.9 billion a year earlier, driven primarily by a one-time gain from the partial sale of power assets and foreign exchange adjustments, the diversified conglomerate said on Wednesday.
NGCP cuts April transmission rates by 28%
The National Grid Corporation of the Philippines (NGCP) announced a 28.45 percent reduction in transmission rates for the April 2025 billing period, with potential easing effects on electricity costs for millions of consumers.
