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Manila Bulletin devider Business devider Trade & Industry devider Hydropower boost drives up REDC net income in H1

Hydropower boost drives up REDC net income in H1

Published Aug 12, 2025 11:21 am
The continued expansion of its hydropower assets has bolstered growth in Repower Energy Development Corp.’s (REDC) net income in the first half of 2025 by almost three-fifths year-on-year to ₱152 million.
In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Aug. 12, REDC said it saw a 58-percent increase in its first-half net income from ₱96.68 million in the same period last year.
This came on the back of higher clean energy generation, particularly through its hydropower business, which increased by 29 percent from 46.32 million kilowatt-hours (kWh) to 59.77 million kWh.
The company’s revenues also climbed 28 percent from ₱281 million to ₱359.6 million.
This financial growth was driven by favorable hydrological conditions and fewer natural disasters. At the same time, REDC kept expenses steady by tightening plant operations, improving availability and maintenance, and managing procurement efficiently.
Moreover, REDC anticipates the commissioning of its Cabanglasan hydropower plant by the third quarter of this year, following its completed transmission line project last July.
“By strengthening operational gains in the second year of being a publicly listed firm, [the company] will be able to more than double its generation capacity and further boost revenues,” it added.
REDC President and Chief Executive Officer (CEO) Eric Roxas shared that this year would slowly develop as the company’s “banner year.”
“2025 is shaping up to be a banner and transformative year for REDC, proving that efficient operations and dependable hydro resources can power both the community and the company’s strong financial results,” he said.
REDC is a subsidiary of Pure Energy Holdings Corp. and is a run-of-river hydropower developer, with projects located in Quezon, Laguna, Bukidnon, and Bicol.
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