Distribution contributed P21.9 billion, up 8 percent and accounting for more than half of total income, while power generation added P14.7 billion amid stable plant operations. System-wide power sales inched up to 50,880 gigawatt-hours from 50,641 GWh last year, reflecting sustained commercial and residential demand.
Gross revenues rose 5 percent to P371.8 billion, while costs and expenses grew 4 percent to P332.3 billion.
“Thermal plants continue to play a critical role in ensuring grid reliability, with 128.9 MW capacity allocated to regulating and contingency reserves support,” the company said.
Its LNG business delivered P10.9 billion in revenues as Chromite Gas and PacificLight produced 8,467 GWh and 4,290 GWh, respectively.
Meralco also reported P7.2 billion in dividends from PacificLight and San Buenaventura, alongside a 15 percent increase in MGreen’s solar output to 557 GWh with over 98 percent availability.
—Edited by Miguel R. Camus
