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Manila Bulletin devider Business devider The Stock Market devider Construction firm EEI poised for growth as project backlog rises 40%

Construction firm EEI poised for growth as project backlog rises 40%

Published Aug 19, 2025 12:36 pm
Construction firm EEI Corp. (EEI) is expecting stronger revenues moving forward as total backlog or unworked portion of existing contracts jumped 40 percent to ₱36.85 billion at end-July 2025 from ₱26.39 billion in the second quarter of 2024.
The firm noted that it is regaining momentum after incurring a significant loss at the end of fiscal year 2024, which was mainly brought about by provisions for claims associated with the prolonged lockdowns during the pandemic.
During these periods, EEI prioritized the safety and well-being of its people and continued to pay full wages, food, and lodging to active employees despite the prolonged work stoppages.
“Sometimes, we need to take a step back if we want to take care of our employees, particularly during the most difficult times,” said EEI President and CEO Henry D. Antonio.
He noted that, “We believe that profitability is not the only metric for responsible corporate governance, and that the measures we took in the past were necessary for the long-term future of EEI.”
“Now that we have momentum back in obtaining new projects, we are confident that we will have the full support of the workforce that we took care of during those times of uncertainty,” added Antinio.
EEI recently secured two infrastructure contracts under the South Commuter Railway Project (SCRP) 07. The projects are worth a combined ₱1.8 billion.
“These new projects reaffirm EEI’s commitment to delivering world-class infrastructure that not only drives mobility, commerce, and community development, but also improves the quality of life for Filipinos,” said EEI Senior Vice President and Head of Commercial and Operations Division Anna Sheila P. Figuera.
She added, “Better roads and transport systems mean easier commutes, greater access to opportunities, and stronger connections between communities. We are proud to collaborate with our partners in building the critical transport link that will shape the country’s future.”
EEI will undertake the ₱1.7 billion SCRP-07 Earthworks in Banlic, Laguna, and ₱188 million SCRP-07 Underpass Works.
The scope of work includes site development, earthworks, subbase and base course, surface course, structural works, drainage systems, irrigation channels, and other related infrastructure. EEI will work with Lotte-Gulermak-EEI Joint Venture (LGEJV) to complete the project.
SCRP, a part of the larger North-South Commuter Railway (NSCR) project, will reduce travel time between Metro Manila and Laguna upon its completion.

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EEI Corporation Henry D. Antonio Anna Sheila P. Figuera
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