The Daily Tribune
MPIC targets growth with a 15% capex hike
Metro Pacific Investments Corporation (MPIC) is increasing its capital expenditures by 15 percent to P116.15 billion in 2025 to support business operations and expansion.
The majority of this capital expenditure will fund projects across MPIC's core businesses: power, toll roads, and water.
Manila Electric Company (Meralco) will use a significant portion for the development of a 3,500-megawatt solar plant paired with a 4,500-megawatt-hour Battery Energy Storage System.
Metro Pacific Tollways Corporation (MPTC) and Maynilad Water Services will invest in their respective expansion projects.
MPIC's CFO, June Cheryl Cabal-Revilla, confirmed the aggregate capex for the group is about P1.01 billion, with 2025 representing a 15 percent increase from the previous year.
In 2024, MPIC's consolidated core net income increased by 21 percent to P23.6 billion from P19.5 billion in 2023.
Power remained MPIC's largest contributor, accounting for P19.7 billion or 69 percent of net operating income, followed by toll roads at P6.3 billion and water at P6.2 billion.
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Metro Pacific Tollways Corp. (MPTC) is allocating P35 billion for its capital expenditure this year, primarily for projects of its subsidiaries NLEX Corp. and MPT South.
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Metro Pacific Investments Corp. (MPIC) achieved a record-high core earnings of P23.6 billion in 2024, a 21 percent increase from P19.5 billion in 2023, driven by its utility units.
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