FIRST PACIFIC (00142): MPIC's comprehensive core profit net increase by 15% to 27.1 billion pesos in 2025.

FIRST PACIFIC (00142) releases the audited comprehensive financial performance of Metro Pacific Investments Corporation (MPIC), in which the company holds approximately 49.9% economic interest, for the year ended December 31, 2025. MPIC maintained its strong growth momentum in 2025, as its core net profit increased by 15% to 27.1 billion pesos, compared to 23.6 billion pesos in 2024. The financial and operational performance of MPIC's investment portfolio improved, driving operating contribution to increase by 13% to 32.1 billion pesos. This was driven by strong growth in the power generation business of Manila Electric Company (MERALCO), tariff increases implemented by Maynilad Water Services, Inc. (MAYNILAD), and an increase in the number of patients across the Metro Pacific Hospitals network. In terms of core businesses, electricity continued to make the largest contribution, amounting to 22.1 billion pesos or 69% of operating net profit. In comparison, water and toll roads contributed 7.2 billion pesos and 6.1 billion pesos respectively, making up 42% of operating net profit. The growth in net profit slowed to 5%, as compared to the previous year which included one-time gains from subsidiaries. Despite this, the underlying performance remained strong, but it still impacted the year-on-year comparison.