Core net income rose 18.1 percent to P11.4 billion as operating costs remained tightly managed and efficiency gains kicked in.
Revenues climbed 9.5 percent to P27.7 billion on tariff adjustments, helping offset a dip in billed volume tied to POGO shutdowns and the loss of several large commercial customers.
“We continue to meet our service commitments while investing in the infrastructure that will sustain long-term growth,” Maynilad president and CEO Ramoncito S. Fernandez said in a statement on Thursday.
The west zone concessionaire of Metro Manila also slashed non-revenue water to 32.8 percent, recovering the equivalent output of a large water treatment plant, as AI-driven leak detection and pipe replacements accelerated.
The firm further ramped up its capital expenditure program, advancing major water-treatment plants in Muntinlupa and Cavite alongside large-scale wastewater projects that strengthen resilience and environmental compliance.
—Edited by Miguel R. Camus
