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Manila Bulletin devider Business devider Trade & Industry devider Better generation, hydropower performance raise AboitizPower's net income in Q3

Better generation, hydropower performance raise AboitizPower's net income in Q3

Published Oct 29, 2025 02:19 pm

Aboitiz Power Corp. (AboitizPower) announced that its net income in the third quarter of 2025 grew by almost a third quarter-on-quarter due to improved generation and increased production from its hydropower plants.

In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Oct. 29, AboitizPower reported that its net income rose to ₱10.6 billion, 32-percent higher compared to the previous quarter.

According to the energy firm, the increase was attributed to better performance from its generation business due to lower exposure to Wholesale Electricity Spot Market (WESM) prices, as well as its hydropower facilities, which saw higher water inflows during the rainy season.

From January to September, AboitizPower’s energy sales rose by 19 percent—from 26,910 gigawatt-hours (GWh) to 32,138 GWh—while revenue from its generation and retail supply units stood at ₱50.9 billion.

Meanwhile, energy sales from its distribution business grew by five percent year-on-year, from 4,939 GWh to 5,166 GWh.

While its earnings before interest, taxes, depreciation, and amortization (EBITDA) during the first nine months of the year remained at around ₱56 billion, the company recorded additional contributions from its investments—namely Chromite Gas Holdings Inc. (CGHI) and the 159-megawatt-peak (MWp) Laoag, 45-MWp Armenia, and 175-MWp Calatrava solar plants.

Earlier this year, AboitizPower subsidiary Therma NatGas Power Inc. (TNGP) partnered with Meralco PowerGen Corp. (MGen) in a 60-40 shareholding structure in CGHI, which, in turn, enabled their joint acquisition of Excellent Energy Resources Inc. (EERI).

AboitizPower’s total consolidated assets increased by 13 percent, from ₱517.6 billion at end-December 2024 to ₱584.3 billion at end-September 2025.

The company has been ramping up its renewable energy (RE) portfolio, having acquired the Caliraya-Botocan-Kalayaan (CBK) hydropower complex last July. It also secured a ₱7.4-billion loan from Bank of the Philippine Islands (BPI) last September to develop the 221-MWp Olongapo solar plant in Zambales.

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