Maynilad Water Services reported a record-breaking year in 2025, achieving a net income of P15.2 billion – a significant 19% increase compared to the previous year. This surge in profitability wasn’t a matter of luck, but a result of strategic adjustments and a commitment to improving core operations.
Revenue climbed to P36.6 billion, a 9.4% jump fueled by carefully implemented tariff adjustments and a consistently strong base of billed water connections. The company is experiencing a period of robust financial health, setting the stage for ambitious future projects.
Underlying this growth was a substantial increase in EBITDA, reaching P25.3 billion – a 14.9% rise. This improvement translated to a healthy 69% margin, demonstrating efficient cost management alongside revenue gains.
Ramoncito S. Fernandez, President and CEO, declared 2025 Maynilad’s best year yet, highlighting both financial strength and tangible improvements in service delivery. The company’s leadership is focused on sustainable growth and fulfilling its essential role in the community.
Looking ahead, Maynilad anticipates continued success driven by increased water volume, strategic tariff management, and a relentless pursuit of operational efficiencies. These factors are expected to underpin the company’s performance throughout the coming year.
Beyond the numbers, a key focus remains on minimizing water loss. Non-Revenue Water (NRW) – water lost through leaks, theft, or inaccuracies – was reduced to 34.9%, a remarkable 5-percentage-point improvement from 2024.
This reduction in NRW translated to the recovery of approximately 256 million liters of water per day, a substantial contribution to resource conservation and service reliability. It’s a clear demonstration of the company’s commitment to responsible water management.
Maynilad is investing heavily to further reduce NRW, with plans to allocate up to P6 billion annually until it reaches the internationally recognized standard of 20%. This ambitious goal underscores a dedication to minimizing waste and maximizing resource utilization.
The company has already earmarked P30 billion for capital expenditure in 2026, specifically for vital water and wastewater infrastructure projects. This investment signals a long-term commitment to upgrading and expanding its service network.
Maynilad’s recent debut on the stock market in November, raising P34.34 billion, was the second-largest IPO in the Philippine Stock Exchange’s history. While a significant influx of capital, the company acknowledges that even this substantial amount isn’t enough to fund all planned improvements.
According to Chief Finance Officer Ricardo F. Delos Reyes, the scale of investment required to fully modernize the concession is immense. This highlights the long-term vision and the substantial resources dedicated to enhancing water services.
Maynilad currently serves 11 cities in Metro Manila, with partial coverage in three others, and extends its reach into parts of Cavite province. It is a critical infrastructure provider for a large and growing population.
Following the positive financial report, shares in the company experienced a 5.31% increase, closing at P21.80 apiece. This market response reflects investor confidence in Maynilad’s performance and future prospects.
