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Press Release

Philex Mining Reports Core Net Loss of Php281 Million in Q1 2026 Amid Transition to Silangan Project

Philex Mining Corporation reported a core net loss of Php281 million for Q1 2026, a decline from a core net income of Php71 million in Q1 2025. The loss was attributed to reduced ore throughput and metal production at the Padcal Mine due to restoration works, despite a significant increase in gold prices to USD4,960 per ounce.

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ICTSI Reports Strong 1Q2026 Earnings with Significant Revenue Growth

International Container Terminal Services, Inc. (ICTSI) reported a 29% increase in revenue from port operations to US$961.11 million for the first quarter of 2026, driven by higher volumes and favorable foreign exchange impacts. The company also achieved a net income of US$293.57 million, reflecting a 23% year-over-year growth.

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Manila Electric Company Reports Q1 2026 Financial Results

Manila Electric Company (Meralco) announced its financial results for the first quarter of 2026, showing a 2% increase in consolidated core net income to Pesos 11.4 billion and a 4% rise in consolidated reported net income to Pesos 10.8 billion. The growth was supported by higher power generation revenues and an increase in distribution utility pass-through charges.

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PXP Energy Corporation Reports Q1 2026 Financial Results with Increased Revenues but Higher Losses

PXP Energy Corporation reported a Core Net Loss of β‚±11.7 million for the first quarter of 2026, compared to β‚±9.2 million in Q1 2025. Despite a 2.4% increase in consolidated petroleum revenues to β‚±20.9 million, the company faced higher interest charges and a decline in effective average crude prices.

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Semirara Mining and Power Corporation Reports β‚±3.8B Net Income in Q1 2026, Down 12%

Semirara Mining and Power Corporation (SMPC) reported a net income of β‚±3.8 billion for the first quarter of 2026, a decrease of 12% from β‚±4.4 billion in the same period last year. The decline was attributed to reduced power generation and coal shipments, despite a slight increase in coal production.

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ACEN, GCash, and Ilocos Norte LGU Launch Solar Rooftop Campaign for Households

ACEN Corporation, in partnership with GCash and the Ilocos Norte local government, has launched the Ilocos Norte Solar Rooftop Campaign, aimed at providing households with access to solar energy through affordable financing options. This initiative is significant as it represents a collaborative effort to enhance energy affordability and promote renewable energy adoption at the household level.

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