First Gen 2025 profit rises to $264M

MANILA, Philippines — Lopez-led First Gen booked an 8-percent improvement in its bottom line last year, driven by the strong hydro portfolio, paired with a higher volume of power sold. In a statement Wednesday, the firm said its attributable recurring net income rose to $264 million from a year ago’s $245 million. Its revenues also went up by 6 percent to $906 million from $857 million. The bulk of 87 percent of the top line came from the geothermal, wind and solar assets of Energy Development Corp. The group’s hydroelectric power plants, meanwhile, provided the other 11 percent. The company has […]... Keep on reading: First Gen 2025 profit rises to $264M

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