Manila Electric Company (PSE:MER)
Philippines
· Delayed Price · Currency is PHP 601.50
-8.50 (-1.39%)
At close: Mar 4, 2026
Manila Electric Company Income Statement
Financials in millions PHP. Fiscal year is January - December.
Millions PHP. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Revenue | 497,325 | 470,362 | 443,612 | 426,529 | 318,547 | Upgrade
|
| Revenue Growth (YoY) | 5.73% | 6.03% | 4.00% | 33.90% | 15.71% | Upgrade
|
| Fuel & Purchased Power | - | 358,239 | 344,381 | 345,222 | 233,708 | Upgrade
|
| Operations & Maintenance | - | 2,225 | 1,881 | 1,906 | 1,103 | Upgrade
|
| Selling, General & Admin | - | 418 | 337 | 278 | 200 | Upgrade
|
| Depreciation & Amortization | - | 17,529 | 16,625 | 16,031 | 12,499 | Upgrade
|
| Provision for Bad Debts | - | 849 | 998 | 2,498 | 506 | Upgrade
|
| Other Operating Expenses | 448,852 | 39,668 | 36,209 | 34,582 | 31,017 | Upgrade
|
| Total Operating Expenses | 448,852 | 418,928 | 400,431 | 400,517 | 279,033 | Upgrade
|
| Operating Income | 48,473 | 51,434 | 43,181 | 26,012 | 39,514 | Upgrade
|
| Interest Expense | - | -4,474 | -4,549 | -3,968 | -3,524 | Upgrade
|
| Interest Income | - | 3,738 | 3,170 | 1,915 | 1,831 | Upgrade
|
| Net Interest Expense | - | -736 | -1,379 | -2,053 | -1,693 | Upgrade
|
| Income (Loss) on Equity Investments | 16,731 | 10,267 | 11,479 | 12,035 | 3,127 | Upgrade
|
| Currency Exchange Gain (Loss) | - | 185 | -44 | 1,011 | 487 | Upgrade
|
| Other Non-Operating Income (Expenses) | -1,612 | -4,466 | -6,448 | -1,769 | -8,440 | Upgrade
|
| EBT Excluding Unusual Items | 63,592 | 56,684 | 46,789 | 35,236 | 32,995 | Upgrade
|
| Pretax Income | 63,592 | 56,684 | 46,789 | 35,236 | 32,995 | Upgrade
|
| Income Tax Expense | 12,750 | 10,214 | 8,111 | 6,648 | 8,912 | Upgrade
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| Earnings From Continuing Ops. | 50,842 | 46,470 | 38,678 | 28,588 | 24,083 | Upgrade
|
| Minority Interest in Earnings | 288 | -611 | -655 | -157 | -585 | Upgrade
|
| Net Income | 51,130 | 45,859 | 38,023 | 28,431 | 23,498 | Upgrade
|
| Net Income to Common | 51,130 | 45,859 | 38,023 | 28,431 | 23,498 | Upgrade
|
| Net Income Growth | 11.49% | 20.61% | 33.74% | 20.99% | 44.02% | Upgrade
|
| Shares Outstanding (Basic) | 1,127 | 1,127 | 1,127 | 1,127 | 1,127 | Upgrade
|
| Shares Outstanding (Diluted) | 1,127 | 1,127 | 1,127 | 1,127 | 1,127 | Upgrade
|
| Shares Change (YoY) | 0.01% | - | - | - | - | Upgrade
|
| EPS (Basic) | 45.37 | 40.69 | 33.74 | 25.23 | 20.85 | Upgrade
|
| EPS (Diluted) | 45.37 | 40.69 | 33.74 | 25.23 | 20.85 | Upgrade
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| EPS Growth | 11.49% | 20.61% | 33.74% | 20.99% | 44.02% | Upgrade
|
| Free Cash Flow | - | 2,860 | 33,174 | -8,481 | 16,921 | Upgrade
|
| Free Cash Flow Per Share | - | 2.54 | 29.44 | -7.53 | 15.01 | Upgrade
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| Dividend Per Share | 28.000 | 24.031 | 19.760 | 16.840 | 15.290 | Upgrade
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| Dividend Growth | 16.52% | 21.61% | 17.34% | 10.14% | 22.13% | Upgrade
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| Profit Margin | 10.28% | 9.75% | 8.57% | 6.67% | 7.38% | Upgrade
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| Free Cash Flow Margin | - | 0.61% | 7.48% | -1.99% | 5.31% | Upgrade
|
| EBITDA | 64,968 | 68,491 | 59,382 | 41,625 | 52,013 | Upgrade
|
| EBITDA Margin | 13.06% | 14.56% | 13.39% | 9.76% | 16.33% | Upgrade
|
| D&A For EBITDA | 16,495 | 17,057 | 16,201 | 15,613 | 12,499 | Upgrade
|
| EBIT | 48,473 | 51,434 | 43,181 | 26,012 | 39,514 | Upgrade
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| EBIT Margin | 9.75% | 10.94% | 9.73% | 6.10% | 12.40% | Upgrade
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| Effective Tax Rate | 20.05% | 18.02% | 17.34% | 18.87% | 27.01% | Upgrade
|
| Revenue as Reported | 497,325 | 470,362 | 443,612 | 426,529 | 318,547 | Upgrade
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Source: S&P Capital IQ. Utility template. Financial Sources.