Manila Electric Company (PSE:MER)
Philippines
· Delayed Price · Currency is PHP 589.00
-1.00 (-0.17%)
At close: Dec 5, 2025
Manila Electric Company Income Statement
Financials in millions PHP. Fiscal year is January - December.
Millions PHP. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2019 - 2015 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2019 - 2015 |
| Revenue | 486,704 | 470,362 | 443,612 | 426,529 | 318,547 | 275,304 | Upgrade
|
| Revenue Growth (YoY) | 4.94% | 6.03% | 4.00% | 33.90% | 15.71% | -13.51% | Upgrade
|
| Fuel & Purchased Power | 375,156 | 358,239 | 344,381 | 345,222 | 233,708 | 204,420 | Upgrade
|
| Operations & Maintenance | 2,355 | 2,225 | 1,881 | 1,906 | 1,103 | - | Upgrade
|
| Selling, General & Admin | 424 | 418 | 337 | 278 | 200 | 222 | Upgrade
|
| Depreciation & Amortization | 16,848 | 17,529 | 16,625 | 16,031 | 12,499 | 8,555 | Upgrade
|
| Provision for Bad Debts | 619 | 849 | 998 | 2,498 | 506 | - | Upgrade
|
| Other Operating Expenses | 36,796 | 39,668 | 36,209 | 34,582 | 31,017 | 23,763 | Upgrade
|
| Total Operating Expenses | 432,198 | 418,928 | 400,431 | 400,517 | 279,033 | 238,787 | Upgrade
|
| Operating Income | 54,506 | 51,434 | 43,181 | 26,012 | 39,514 | 36,517 | Upgrade
|
| Interest Expense | -7,837 | -4,474 | -4,549 | -3,968 | -3,524 | -508 | Upgrade
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| Interest Income | 3,246 | 3,738 | 3,170 | 1,915 | 1,831 | 2,175 | Upgrade
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| Net Interest Expense | -4,591 | -736 | -1,379 | -2,053 | -1,693 | 1,667 | Upgrade
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| Income (Loss) on Equity Investments | 15,647 | 10,267 | 11,479 | 12,035 | 3,127 | 1,233 | Upgrade
|
| Currency Exchange Gain (Loss) | 32 | 185 | -44 | 1,011 | 487 | -839 | Upgrade
|
| Other Non-Operating Income (Expenses) | -5,494 | -4,466 | -6,448 | -1,769 | -8,440 | -16,163 | Upgrade
|
| EBT Excluding Unusual Items | 60,100 | 56,684 | 46,789 | 35,236 | 32,995 | 22,415 | Upgrade
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| Pretax Income | 60,100 | 56,684 | 46,789 | 35,236 | 32,995 | 22,415 | Upgrade
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| Income Tax Expense | 10,189 | 10,214 | 8,111 | 6,648 | 8,912 | 6,266 | Upgrade
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| Earnings From Continuing Ops. | 49,911 | 46,470 | 38,678 | 28,588 | 24,083 | 16,149 | Upgrade
|
| Minority Interest in Earnings | -985 | -611 | -655 | -157 | -585 | 167 | Upgrade
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| Net Income | 48,926 | 45,859 | 38,023 | 28,431 | 23,498 | 16,316 | Upgrade
|
| Net Income to Common | 48,926 | 45,859 | 38,023 | 28,431 | 23,498 | 16,316 | Upgrade
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| Net Income Growth | 12.79% | 20.61% | 33.74% | 20.99% | 44.02% | -29.93% | Upgrade
|
| Shares Outstanding (Basic) | 1,127 | 1,127 | 1,127 | 1,127 | 1,127 | 1,127 | Upgrade
|
| Shares Outstanding (Diluted) | 1,127 | 1,127 | 1,127 | 1,127 | 1,127 | 1,127 | Upgrade
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| EPS (Basic) | 43.41 | 40.69 | 33.74 | 25.23 | 20.85 | 14.48 | Upgrade
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| EPS (Diluted) | 43.41 | 40.69 | 33.74 | 25.23 | 20.85 | 14.48 | Upgrade
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| EPS Growth | 12.78% | 20.61% | 33.74% | 20.99% | 44.02% | -29.93% | Upgrade
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| Free Cash Flow | -52,347 | 2,860 | 33,174 | -8,481 | 16,921 | 10,210 | Upgrade
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| Free Cash Flow Per Share | -46.45 | 2.54 | 29.44 | -7.53 | 15.01 | 9.06 | Upgrade
|
| Dividend Per Share | 25.059 | 24.031 | 19.760 | 16.840 | 15.290 | 12.520 | Upgrade
|
| Dividend Growth | 16.34% | 21.61% | 17.34% | 10.14% | 22.13% | 18.47% | Upgrade
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| Profit Margin | 10.05% | 9.75% | 8.57% | 6.67% | 7.38% | 5.93% | Upgrade
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| Free Cash Flow Margin | -10.76% | 0.61% | 7.48% | -1.99% | 5.31% | 3.71% | Upgrade
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| EBITDA | 70,591 | 68,491 | 59,382 | 41,625 | 52,013 | 45,072 | Upgrade
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| EBITDA Margin | 14.50% | 14.56% | 13.39% | 9.76% | 16.33% | 16.37% | Upgrade
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| D&A For EBITDA | 16,085 | 17,057 | 16,201 | 15,613 | 12,499 | 8,555 | Upgrade
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| EBIT | 54,506 | 51,434 | 43,181 | 26,012 | 39,514 | 36,517 | Upgrade
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| EBIT Margin | 11.20% | 10.94% | 9.73% | 6.10% | 12.40% | 13.26% | Upgrade
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| Effective Tax Rate | 16.95% | 18.02% | 17.34% | 18.87% | 27.01% | 27.95% | Upgrade
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| Revenue as Reported | 486,704 | 470,362 | 443,612 | 426,529 | 318,547 | 275,304 | Upgrade
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Source: S&P Capital IQ. Utility template. Financial Sources.