Meralco starts 2025 with strong Q1 profit

MANILA, Philippines – Manila Electric Co. (Meralco) of tycoon Manuel V. Pangilinan started the year on an upbeat note with its consolidated core profit growing by 11 percent in the first quarter. In a media briefing Monday, Betty Siy-Yap, Meralco chief finance officer, said the group’s consolidated core net income rose to P11.17 billion from

Meralco started the year right with an 11-percent growth in net profit in the first quarter.—INQUIRER FILE PHOTO MANILA, Philippines – Manila Electric Co. (Meralco) of tycoon Manuel V.

Pangilinan started the year on an upbeat note with its consolidated core profit growing by 11 percent in the first quarter. In a media briefing Monday, Betty Siy-Yap, Meralco chief finance officer, said the group’s consolidated core net income rose to P11.17 billion from P10 billion in the same period in 2024.

READ: Meralco shooting for P50-B profit after record 2024 The company executive said Meralco’s distribution unit continued to provide the highest contribution, accounting for 60 percent of the core earnings, up from 58 percent. Meralco, the biggest power distributor in the country, delivers electricity to Metro Manila, Bulacan, Cavite, Rizal, and select areas in Pampanga, Laguna, Batangas, and Quezon. Contributions from its power generation unit also improved to 31 percent in the first three months, from the previous 27 percent.

Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy ..