Corporate
Higher electricity sales power 8% profit rise for CREC
Citicore Renewable Energy Corp. (CREC) reported an 8 percent increase in net income for the first quarter of 2025, rising to ₱230 million from ₱213 million last year, buoyed by a sharp uptick in electricity sales.
MSpectrum, Landers expand solar partnership with Cebu, QC Projects
MSpectrum Inc., the renewable energy arm of Manila Electric Co. (Meralco), is deepening its collaboration with Southeast Asia Retail Inc., the operator of Landers Superstore, with the rollout of two new solar rooftop installations in Cebu and Quezon City.
FNI Q1 profit soars on higher shipments, nickel prices
Global Ferronickel Holdings Inc. (FNI), one of the country’s leading nickel producers, posted a 1,567 percent surge in net income for the first quarter of 2025 totaling P177.3 million, from just P10.63 million a year earlier, as higher shipment volumes and stronger nickel prices buoyed performance.
PCC clears ECPay’s sale to GCash operator Mynt
Globe Telecom Inc. has secured the green light from the Philippine Competition Commission (PCC) to proceed with the sale of its 77 percent stake in Electronic Commerce Payments Inc. (ECPay) to Globe Fintech Innovations Inc. (Mynt), the operator of leading e-wallet platform GCash.
PLDT 1Q profit slips 8% on softer market, but core business hold steady
Telecom giant PLDT Inc. reported an 8 percent year-on-year decline in net income for the first quarter of 2025, as a softer market environment weighed on overall profitability. The company posted a net income of ₱9.02 billion for the January–March period, down from ₱9.82 billion in the same quarter last year.
