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SMC power unit triples profit to P42 B after $3.3-B LNG deal
November 17, 2025
|The Philippine Star
The power business of conglomerate San Miguel Corp. more than tripled its profit in the first nine months after closing a $3.3-billion liquefied natural gas deal with business titans Manuel V. Pangilinan and Sabin Aboitiz.
Led by tycoon Ramon Ang, San Miguel Global Power Holdings Corp. (SMGP) posted a net income of P42.4 billion from January to September, reflecting a 215-percent surge from P13.5 billion a year ago.
The surge was mainly attributed to a P21.9-billion revaluation gain from the dilution of its equity interests in South Premiere Power Corp. (SPPC), Excellent Energy Resources Inc. (EERI) and Ilijan Primeline Industrial Estate Corp. (IEPC).
هذه القصة من طبعة November 17, 2025 من The Philippine Star.
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