MPIC Core Profit Hits Fresh High of P23.6 B

Metro Pacific Investments Corp. (MPIC) is hiking its capital spending this year to about P116 billion as the group expects to sustain its growth momentum after setting a fresh record high core profit in 2024.

- By Richmond Mercurio

MPIC chief finance, risk and sustainability officer Chaye Cabal-Revilla said the group is increasing its capital expenditures this year by 15 percent from last year's P101 billion.

She said the biggest portion of this year's budget would be used by MPIC's three core businesses.

"For Maynilad, it's the same thing because they've already committed the capex to the regulators to improve the service. For Meralco, it's for the expansion of their distribution facilities and the continuation of the solar plant facilities development because we expect those to be fired up in 2026 and 2027. And for MPTC, to continue the existing projects and to be able to finish those," Cabal-Revilla said.