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Vivant posts record P2.3B core net income in 2024
The Freeman
|March 26, 2025
Cebu-based Vivant Corporation reported a 20 percent increase in Consolidated Core Net Income (CCNI) for 2024, reaching P2.3 billion, fueled by robust power generation and distribution business growth.
Net Income Attributable to Equity Holders of the Parent Company stood at P2.4 billion, reflecting a 3 percent year-on-year increase, including non-recurring income from fair value recognition of investments, insurance proceeds, one-time service fees, and the reversal of the prior year’s accrued charges.
Vivant CEO Arlo G. Sarmiento reported that the company’s power generation business continued to be its growth driver, contributing P2.2 billion or 64 percent of total net income from its strategic business units (SBUs).
The positive performance was driven by increased participation in the Reserve Market (RM) and the Wholesale Electricity Spot Market (WESM), delivering 4,965 GWh to its customers in 2024.
Denne historien er fra March 26, 2025-utgaven av The Freeman.
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