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Manila Bulletin devider Business devider Trade & Industry devider RE fleet drives Alsons' H1 net-income growth

RE fleet drives Alsons' H1 net-income growth

Published Aug 15, 2025 10:26 am
Alsons Consolidated Resources Inc. (ACR) has raised its first-half financial performance, fueled by strong gains from its Sarangani coal-fired plant and other key business units.
ACR reported to the Philippine Stock Exchange (PSE) on Friday, Aug. 15, that the company delivered a net income of ₱1.3 billion for the first half of 2025, which is a 21-percent increase from ₱1.1 billion in the same period last year.
Its revenues, on the other hand, slowed down from ₱5.9 billion to ₱5.8 billion.
According to Alsons, its subsidiary, Sarangani Energy Corp. (SEC), has posted the largest contribution among its business units.
SEC currently operates the 210-megawatt (MW) coal-fired plant in Maasim, Sarangani, which began operations in 2016 to address the power situation in the province. It is said to deliver enough electricity supply to around four million residents in Sarangani, General Santos, Cagayan de Oro, Iligan, Dapitan, Dipolog, Pagadian, Digos, Samal, Butuan, Koronadal, and Kidapawan.
ACR’s participation in the Wholesale Electricity Spot Market (WESM) has also helped bolster its net income during the first six months of 2025.
“ACR’s pioneering 14.5-MW hydropower plant in Maasim, Sarangani, commenced commercial operations in June 2024 and now operates as a must-run facility in the WESM,” it said.
Meanwhile, Siguil Hydropower Corp. (SHPC) and retail electricity supplier (RES) Alsons Power Supply Corp. also contributed to the company’s overall financial performance.
Roberto Ramos, ACR’s chief finance officer (CFO), shared that the company’s performance from January to June this year signals resilience despite the challenging market and economic implications following geopolitical events.
“Looking ahead, we remain confident that our momentum, combined with operational discipline and our values will not only carry us through rest of the year but in the periods to come,” he said.
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