Corporate

Digital Edge (Singapore) Holdings Pte. Ltd., a Stonepeak-backed data center operator, has partnered with the Philippines’ top renewable energy provider, First Gen Corp., to power its flagship NARRA1 data center with hydroelectric energy. The agreement marks a pivotal move in advancing green digital infrastructure in Southeast Asia.

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 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.

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.

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.