MPTC plans IPO by early 2026 to reduce P153B debt

Metro Pacific Tollways Corp. (MPTC) plans to raise funds through an initial public offering (IPO) by early 2026 to reduce its debt and complete ongoing projects.

CEO Jose Maria Lim confirmed the company's intention to list at the Philippine Stock Exchange, noting that preparations are underway but will take time due to ongoing toll road expansion in Luzon and Cebu.

As of 2023, MPTC owed P153.21 billion to creditors with interest rates ranging from 4.7% to 9.7% per annum, making it the unit within Metro Pacific Investments Corp. (MPIC) with the highest debt.

MPTC aims to sell up to 20 percent of its shareholdings through the IPO to raise capital for debt payments and expects a deal closure in two months.

In addition to reducing debt, MPTC is focused on completing major projects such as the Cavite-Laguna Expressway (Calax) connector road and access roads to the Lapu-Lapu Expressway in Cebu.