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Hydro business lifts First Gen earnings
The Philippine Star
|November 12, 2025
Lopez-led First Gen Corp. reaped the rewards of its hydropower investments, which fueled its earnings growth from January to September and cushioned the impact of a softer gas segment.
The company reported an attributable net income of $215.4 million in the three quarters, up by four percent compared to last year’s $207 million.
Attributable recurring profit rose by three percent to $212 million from $205 million, while revenues slipped by three percent to $1.79 billion from $1.85 billion.
“As a whole, we were happy to see First Gen’s net income steadily increase this year. This was despite industry dynamics of lower electricity prices and softer demand,” First Gen president and COO Francis Giles Puno said.
This story is from the November 12, 2025 edition of The Philippine Star.
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