Power, water units buoy MPIC income

CONGLOMERATE Metro Pacific Investments Corp. (MPIC) on Wednesday said its core net income last year went up by 15 percent to P27.1 billion from the P23.6 billion it posted in 2024.

- By VG CaBuaG X @villyge

The company attributed this to the robust growth in Manila Electric Co.’s power generation business, the implementation of higher tariffs at Maynilad Water Services Inc’s and rising patient volumes across the Metro Pacific Hospitals network.

Reported net income grew at a slower pace at 5 percent as the prior year included a onetime gain from a subsidiary, which tempered year-on-year comparisons despite strong underlying performance, MPIC said.