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ACEN posts P1.95-B income for Q1
Business World Philippines
|May 09, 2025
ACEN Corp. saw a 28.3% drop in its first-quarter (Q1) attributable net income to P1.95 billion, mainly due to weaker power generation and lower spot market prices, the Ayala-led energy company said on Thursday.
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"ACEN's first-quarter results reflect some of the challenges of scaling renewables. The company is strengthening its balance sheet with the planned equity infusion to ensure that we remain strong amidst these challenges, and sustain our growth initiatives in line with the global energy transition," ACEN President and Chief Executive Officer Eric T. Francia said in a regulatory filing.
ACEN's gross revenue for the period decreased by 21.12% to P7.77 billion, down from P9.85 billion in the first quarter of 2024.
Revenues from the sale of electricity, which accounted for 97.2% of total revenues, fell by 22.7% to P7.55 billion from P9.77 billion in the same period in 2024.
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हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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