Philstar
Maharlika fund eyes P1.8 billion gross returns for 2025
The Maharlika Investment Corp. (MIC) is projecting a net profit of P1.01 billion in 2025, a 62.3 percent decrease from its 2024 net income of P2.68 billion.
The fund plans to allocate nearly P35 billion in investments to achieve its target.
MIC aims for a 90 percent operational efficiency rate as it expands its investment activities.
The fund anticipates a total of P4.09 billion in gross returns this year.
Seasoned investment banker Stephen CuUnjieng was recently appointed as an independent director and chair of MIC's investment committee.
For 2024, MIC reported total assets of P127.2 billion against P668 million in liabilities, resulting in an equity base of P126.6 billion.
The government's P50 billion capital contribution to strengthen the fund's financial position is still pending.
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