Corporate

ACEN Corp. reported a 28 percent year-on-year decline in its first-quarter consolidated net income attributable to equity holders, falling to ₱1.95 billion from ₱2.72 billion in the same period of 2024. The slump was driven by lower generation output and declining prices in the Philippine Wholesale Electricity Spot Market (WESM), the company said Thursday.

Universal Robina Corp. (URC) reported consolidated sales of P45.3 billion for the first quarter ending 31 March 2025, up 7 percent year-on-year, as it delivered strong volume-led growth across most of its business divisions.

Cebu Pacific is looking to sustain its rapid expansion into 2025, driven by aggressive fleet growth, network expansion, and strategic investment in key hubs across the Philippines, company executives said Thursday during the airline’s annual stockholders’ meeting.

Metro Pacific Investments Corp. (MPIC) reported a robust 17 percent increase in core net income for the first quarter of 2025, reaching ₱6.6 billion from ₱5.6 billion a year earlier, driven by solid operational performance across its diversified infrastructure portfolio.

The Philippine Stock Exchange at One Bonifacio High Street Condominium Corp. (PSE at OBHS) has renewed its retail electricity supply agreement with First Gen Corp., a move underscoring the growing corporate commitment to clean energy within the country's commercial real estate sector.