MANILA Water Co. Inc.’s attributable net income in the first quarter of 2025 rose 14 percent to P3.56 billion from P3.12 billion a year earlier as it benefited from tariff adjustments.
The higher tariffs, which took effect in January, also boosted Manila Water’s consolidated operating revenues to P9.54 billion from P8.82 billion.
Total capital expenditures, meanwhile, increased 4 percent year on year to P4.80 billion. Of this, P4 billion went to the East Zone concession for wastewater expansion, network reliability and water supply projects.
Metro Manila’s East Zone water concessionaire added that the projects were financed by internally generated funds and debt.
Capital expenditures of its domestic subsidiaries, meanwhile, amounted to P800 million, with Laguna Water and Estate Water spending P300 million and P200 million, respectively, for water and greenfield and brownfield projects.
Manila Water President and CEO Jocot de Dios underscored a commitment to provide quality service to their customers while simultaneously pursuing sustainability goals.
“The collaborative relationships we have built with our customers, regulators and stakeholders enable us to attain the stability and efficiency we now see in our operations. This strong foundation has helped us remain focused on the sustainability goals we have set out to accomplish,” de Dios said.
Manila Water shares on Friday slid 10 centavos, or 0.3 percent, to close at P33.00 apiece.