Meralco Q1 core profit rises on power generation gains

MANILA, Philippines – Manila Electric Co. (Meralco) saw a modest profit growth in the first three months of 2026, with its power generation unit giving a lift following weaker sales volume of distribution business. In a media briefing Monday, the Pangilinan-led power firm said its consolidated core net income had inched up by just 2 percent to P11.426 billion from P11.172 billion a year earlier. READ: meralco-ordered-to-hasten-rollout-of-p14b-remaining-refund During the January to March period, sales volume of its distribution unit dipped by 2 percent to 12,273 gigawatt hours (GWh). Its power generation business, meanwhile, recorded a 25-percent improvement to 6,626 GWh. ... Keep on reading: Meralco Q1 core profit rises on power generation gains

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