Corporate
Strategic acquisitions lift MREIT’s 1Q earnings by 25%
MREIT Inc., the real estate investment trust (REIT) of property giant Megaworld Corp., reported a 25 percent increase in its first-quarter net income to ₱932 million, from only ₱742 million in the same period last year, driven by strategic acquisitions and sustained rental growth.
Nickel Asia posts strong 1Q on ₱800M divestment windfall
Nickel Asia Corp. (NAC), the country's largest nickel miner, reported a 148 percent surge in attributable net income for the first quarter of 2025, reaching ₱501.03 million from ₱202.38 million a year ago, driven by higher ore prices and a one-time gain from a strategic divestment.
Project completions fuel 9% rise in Vista Land real estate sales
Vista Land & Lifescapes Inc. reported an 11 percent rise in core income to ₱9.35 billion in 2024, up from ₱8.45 billion the previous year, driven by broad-based strength across its business units.
Anko expands PH footprint with second store in Alabang, backed by Ayala Corp.
Australian home and lifestyle retailer Anko opened its second Philippine store on Thursday at Alabang Town Center, strengthening its foothold in the country’s fast-growing retail sector and underscoring a strategic partnership with Ayala Corp.
ACEN profit drops 28% on lower generation, weaker market prices
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.
