Corporate

Semirara Mining and Power Corp. (SMPC) is targeting the second half of 2025 to secure an environmental compliance certificate (ECC) from the Department of Environment and Natural Resources (DENR) for its planned expansion of the Acacia coal mine.

Robinsons Land Corp. (RLC), the property development arm of the Gokongwei group, reported a modest 4 percent increase in core net income for the first quarter of 2025, reaching ₱3.48 billion, as flat topline revenue of ₱11.03 billion reflected subdued development sales. However, robust performance from its recurring income portfolio highlighted the resilience of its diversified strategy.

Wilcon Depot Inc. reported a 27 percent drop in net income for the first quarter of 2025 to ₱536 million, down from ₱740 million in the same period last year, as weaker store sales weighed on performance despite modest expansion.

Concreat Holdings Philippines Inc., formerly Cemex Holdings Philippines Inc., is aiming to reverse its fortunes over the next three years despite ongoing challenges in the cement industry.

International Container Terminal Services Inc. (ICTSI) reported a 14 percent year-on-year rise in net income to USD239.54 million in the first quarter of 2025, propelled by strong performance across its global port operations, the company announced Monday.