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FGEN First Gen Corporation
Press Release

First Gen Corporation Reports Higher Recurring Net Income for 2025

🟢 High Impact Positive
First Gen Corporation announced an 8% increase in attributable recurring net income for 2025, reaching US$264 million (Php 15.2 billion). The growth was driven by higher earnings from its hydro portfolio, despite challenges faced by its geothermal subsidiary.
AI Summary Details
Key Facts
  • Attributable recurring net income for 2025: US$264 million (Php 15.2 billion)
  • Recurring net income for 2024: US$245 million (Php 13.9 billion)
  • Total revenues for 2025: US$906 million (Php 52.1 billion)
  • Total revenues for 2024: US$857 million (Php 48.9 billion)
  • Hydro portfolio's contribution to recurring earnings: US$33 million (Php 1.9 billion) for 2025, up 73% from US$19 million (Php 1.1 billion) in 2024
  • EDC's attributable recurring income (ex-hydro) for 2025: US$52 million (Php 3.0 billion), down 31% from US$75 million (Php 4.3 billion) in 2024
  • First Gen's installed capacity: 1,764.2 MW
Investor Takeaway
This disclosure is material as it highlights significant growth in recurring net income and revenues, indicating operational strength despite some challenges in specific segments.
Market Impact
The increase in recurring net income and revenues may enhance investor confidence in First Gen's operational performance, particularly in its hydroelectric segment. However, the decline in EDC's income could raise concerns about the geothermal segment's profitability.
Watch For
  • Future performance of EDC and its geothermal projects
  • Impact of the sale of the natural gas business on overall profitability
  • Updates on the development of new renewable energy projects
Details
Company First Gen Corporation
Stock Symbol FGEN
Published Mar 25, 2026
Disclosure Number C01990-2026
EDGE Number a7760f38a10ef1a764d70b69f0a3140b
AI Analyzed Jul 11, 2026 2:00 PM
Read Full Disclosure on PSE EDGE