A surge in demand for essential services propelled Metro Pacific Investments Corp. to a remarkable 15% increase in core net income, reaching P27.1 billion in 2025. This impressive growth was fueled by robust contributions from its diverse portfolio – power, water, toll roads, and healthcare – demonstrating the strength of its infrastructure network.
The company’s overall contributions from operations climbed 13% to P32.1 billion, a testament to strategic investments and efficient management. Key drivers included increased power generation from Manila Electric Co., higher water tariffs through Maynilad Water Services, growing traffic on its toll roads, and rising patient numbers within its hospital network.
Power continues to be the cornerstone of the group’s success, generating P22.1 billion – a substantial 69% of total net operating income. Manila Electric Co. itself saw a 12% jump in core net income, reaching P50.6 billion, bolstered by increased retail electricity sales and consistent power generation.
The water sector, spearheaded by Maynilad, experienced a significant 19% increase in core net income, hitting P15.2 billion. This growth was supported by a 9% rise in revenue, partially attributed to an 8% tariff increase implemented in January 2025, alongside improvements in water management, reducing non-revenue water from 39.9% to 34.9%.
Metro Pacific Tollways Corp. also demonstrated strong performance, with toll revenues reaching P36.9 billion – a 17% increase. While core net income for the tollways segment rose 8%, reported net income saw a slight decrease due to a prior-year reversal of acquisition-related contingencies.
Despite a strong 15% rise in core net income, reported net income grew at a more moderate pace of 5%. This difference stemmed from a one-time gain recorded in the previous year, creating a higher benchmark for comparison, even with the exceptional performance in 2025.
Prudent financial management was also a hallmark of the year, with MPIC successfully reducing its net debt to P52.5 billion from P61.5 billion while maintaining a healthy cash reserve of P7.9 billion. This strategic approach underscores the company’s commitment to financial stability.
Manuel V. Pangilinan, Chairman, President, and CEO, emphasized the enduring demand for reliable infrastructure. He highlighted the group’s dedication to consistently improving service delivery to the communities it serves, recognizing power, water, mobility, and healthcare as fundamental necessities.
Acknowledging the volatile global landscape, Pangilinan stressed the importance of discipline and strategic investment. The company’s focus remains on operational efficiency, careful balance sheet management, and prioritizing infrastructure projects where they are most needed within the country.
Looking forward, the company’s strategy is clear: responsible growth coupled with unwavering financial discipline. Pangilinan expressed confidence in the group’s resilience, believing that a continued focus on execution and community service will ensure its long-term success and ability to serve the nation.
