MPIC earnings rise on power, water

Pangilinan-led Metro Pacific Investments Corp. (MPIC) sustained its strong growth momentum in the first nine months of 2025, with consolidated core net income rising 14 percent to ₱23.6 billion from ₱20.8 billion for the same period last year.

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The firm said improved financial and operational performance across its portfolio drove a 12-percent increase in contribution from operations to ₱27.2 billion.

This was fueled by robust growth in Manila Electric Co.'s (Meralco) power generation business, the implementation of higher tariffs at Maynilad Water Services Inc., and rising patient volumes across the Metro Pacific Hospitals network.

Among MPIC's core businesses, power continued to contribute the largest share at ₱17.6 billion or 65 percent of net operating income (NOI). In comparison, water and toll roads contributed ₱5.8 billion and ₱4.4 billion, respectively, together totaling 37 percent of NOI.