FIRST PACIFIC (00142): MPIC achieves a net profit of 6.9 billion Philippine pesos in the first quarter, an increase of 5% year-on-year.

FIRST PACIFIC (00142) announced that Metro Pacific Investments Corporation (MPIC), in which it holds approximately 49.9% economic interest, achieved a comprehensive core profit net amount of 6.9 billion pesos for the three months ending on March 31, 2026, representing a 5% increase from the same period last year. This reflects the group's resilience in a rising energy price and more volatile global environment. Driven mainly by power and healthcare, operating contributions increased by 4% with the support of increased power generation and number of patients. This was offset by a decrease in water contributions following the dilution of equity after Maynilad Water Services, Inc. went public in November 2025. Power still remains the largest contributor, amounting to 5.1 billion pesos or 62% of the operating profit net amount. Water and toll roads contributed 1.5 billion pesos and 1.4 billion pesos respectively, making up 36% of the operating profit net amount. The net profit reported decreased annually due to a one-time gain from the sale of Philippine Coastal Storage and Pipeline Corporation last year.