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Manila Bulletin devider Business devider The Stock Market devider Alsons Q1 net income dips on higher expenses

Alsons Q1 net income dips on higher expenses

Published May 16, 2025 04:03 pm

At A Glance

  • Alcantara-led Alsons Consolidated Resources Inc. (ACR) said it recorded a ₱472-million net income in the first quarter of 2025, which is lower than last year's figure of ₱479 million.

Alcantara-led Alsons Consolidated Resources Inc. (ACR) announced that its net income slightly went down during the first three months of this year.

In a disclosure to the Philippine Stock Exchange (PSE) on Friday, May 16, ACR said it recorded a ₱472-million net income in the first quarter of 2025, which is lower than last year’s figure of ₱479 million.

This marginal decrease was attributed to higher finance costs and administrative expenses. However, its revenues grew by 14 percent.

According to ACR, revenues stood at ₱2.99 billion, driven by strong performances from Sarangani Energy Corp., Western Mindanao Power Corp., and Mapalad Power Corp. via ancillary services procurement agreements (ASPAs).

ASPAs secure services that help maintain a stable power supply and demand and are essential during emergencies such as unexpected plant outages or increases in demand.

“Other contributors to the company’s revenue growth include the Siguil Hydro Power Corp. (SHPC) and Alsons Power Supply Corp., its retail electricity supply (RES) unit,” ACR stated.

The 14.5-megawatt (MW) SHPC in Maasim, Sarangani, began its commercial operations in 2024 as a must-run facility in the Wholesale Electricity Spot Market (WESM).

Additionally, the company joined the retail competition and open access (RCOA) market and has secured clients such as Holcim Philippines and Metro Retail Stores Group Inc.

Under the Electric Power Industry Reform Act (EPIRA) of 2001, RCOA promotes retail electricity competition by providing contestable customers the freedom to select their own power suppliers at a reasonable price point.

Philip Edward Sagun, deputy chief financial officer of ACR, remained positive about the company’s financial performance for the rest of the year.

“We are optimistic that our performance will return to its upward trajectory, and we are confident that we will surpass our 2024 results,” he said.

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Alsons Consolidated Resources Inc. (ACR)
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