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About the Company

The Meralco brand is our most valuable and enduring intellectual capital. Rooted in more than a century of service to the community, it reflects a legacy of malasakit and excellence—illuminating not only the present needs of our customers but also guiding the future of energy in the Philippines.

At the core of this legacy is our role as the nation’s tagapaghatid ng liwanag (light bearer). We are committed to delivering electricity that is safe, affordable, reliable, and accessible. We light up homes, empower businesses, and uplift communities—all while nurturing a brighter future for our nation.

Building on the strength of our brand, we have relaunched our generation companies under a unified visual identity, prominently anchored by our orange logo mark. This alignment symbolizes the synergy across One Meralco and reinforces our commitment to a balanced and diversified energy portfolio—one that supports today’s demand while advancing the country’s climate action and decarbonization objectives.

As we mark another milestone in our journey, the renewal of Meralco’s franchise underscores the trust and confidence bestowed upon the Company to continue fulfilling its vital role in nation-building. More than a legislative mandate, the franchise renewal reflects our enduring commitment to serve generations of Filipinos through dependable energy service, operational excellence, innovation, and responsible stewardship. It strengthens our resolve to power progress and create long-term value for our customers, communities, and stakeholders.

We are more than just an electric utility. As partners in progress, we deliver responsive and future-ready energy solutions across the value chain. Beyond distribution and generation, our subsidiaries and affiliates drive innovation that enhances customer experience and energy efficiency, reflecting our integrated and holistic approach to energy management. As we look ahead, we remain focused on what matters most: creating meaningful and lasting impact, supporting the country’s energy transition, and helping power better lives in every community we serve. Guided by purpose and driven by innovation, Meralco continues to build long-term value for our stakeholders and the nation.

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Mission

To provide our customers the best value energy solutions — reliably, affordably, superbly, and sustainably

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Vision

To be a world-class energy solutions provider, powering our nation and empowering our people today and for generations to come

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Values

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Customer Centricity

Our power comes from our customers who are our reason for being. We deliver outstanding customer experience. We live for our customers, the community, and our country.

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Innovation

We are passionately innovative, leveraging technology to constantly improve our operations and provide better customer and employee experiences.

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Excellence

Excellence is our way of life. We strategize brilliantly, decide resolutely, and execute flawlessly.

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Sustainability

Sustainability is at the core ofall we do. We work to preserve our planet, to empower our people, to power our communities,and to create prosperity for all.

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Integrity

We value ethical behaviorand employ good governance practices that meet global standards.

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Bayanihan (Cooperative Spirit)

Mahal namin ang aming kapwa at mga kababayan. Sa lahat ng oras, handa kaming tumugon, tumulong, at maglingkod.

(We love our fellowmen and countrymen. We are ready to respond, help, and serve at all times.)

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Icon of a stack of three colored squares.

Malasakit (Solicitude)

Sa lahat ng aming tungkulin at gawain, lubos ang aming pagbibigay ng sarili. Tunay na malasakit ang nasa puso namin bilang mga tagapaghatid ng liwanag.

(In all our duties and in all that we do, we give our all. As bearers of light, we carry in our hearts genuine care and concern for others.)

Our Shareholders

Guided by the strategic vision of our shareholders, we remain committed to delivering innovative energy solutions that drive both operational excellence and sustainable development. We recognize that our progress is intricately linked to the continued trust and stewardship of shareholders, whose support enables us to execute our long-term strategy and fulfill our commitment to our stakeholders.

Guided by the strategic vision of our shareholders, we remain committed to delivering innovative energy solutions that drive both operational excellence and sustainable development. We recognize that our progress is intricately linked to the continued trust and stewardship of shareholders, whose support enables us to execute our long-term strategy and fulfill our commitment to our stakeholders.

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Our Portfolio

One Meralco remains dedicated to our mission of “Powering the Good Life” by catalyzing inclusive growth through our diversified business portfolio. The Group recognizes that sustainable progress is a collective achievement, realized through the strategic synergy of our expertise in power generation and distribution, engineering, mobility, telecommunications, and financial services. Through this integration, the Group creates a holistic ecosystem that drives meaningful impact and long-term value for the communities we serve.

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Distribution

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Meralco is the premier electric distribution utility in the Philippines. Headquartered in Pasig City, the Company provides energy to Metro Manila, Bulacan, Cavite, and Rizal, as well as parts of the provinces of Batangas, Laguna, Pampanga, and Quezon. Meralco’s franchise area spans about 9,685 square kilometers, reaching over 8.2 million residential, commercial, and industrial customers across 39 cities and 72 municipalities.

Meralco also operates as a retail electricity supplier (“RES”) within its franchise area through its business unit MPower.

Clark Electric Distribution Corporation (“Clark Electric”)

Through a 50-year franchise (until October 2047) granted by the Clark Development Corporation, Clark Electric distributes power within the Clark Special Economic Zone (“CSEZ”), the site of the former U.S. Clark Air Base. This site was transformed into a major economic district encompassing the Clark Freeport Zone and adjoining subzones. Clark Electric plays a critical role in transforming the CSEZ into a leading powerhouse for industry, aviation, export business, and higher learning.

Clark Electric also operates as a RES within its franchise area through its business unit Cogent Energy. Clarion Energy Management, Inc., a wholly owned subsidiary of Clark Electric, is awaiting issuance of RES license by the Energy Regulatory Commission (“ERC”).

Meralco Ecozone Power (“MEP”)

MEP is a Meralco business unit responsible for the administration and maintenance of the electric distribution network within the Cavite Economic Zone (“CEZ”). MEP offers CEZ tenants a suite of electrical services—including service applications, meter readings, billing, payments and collection, technical assistance, and complaint resolutions—while prioritizing the integration of renewable energy (“RE”) sources such as rooftop solar installations within the CEZ.

Shin Clark Power Holdings, Inc. (“Shin Clark”)

Shin Clark is responsible for the financing, development, operation, and maintenance of a smart electric distribution system within the 9,450-hectare New Clark City (“NCC”) through a joint venture agreement with the Bases Conversion and Development Authority (“BCDA”). It collaborates with the BCDA to achieve its vision of showcasing the NCC as the first metropolis in the Philippines to integrate smart, sustainable, and disaster- resilient attributes.

Meralco holds a 60% stake in Shin Clark, while Japanese firms Axia Power Holdings Philippines Corporation (a wholly owned subsidiary of Marubeni Corporation), KPIC Netherlands BV (a wholly owned subsidiary of Kansai Electric Power, Inc.), and Chubu Electric Power Co., Inc., collectively, hold the remaining 40%.

Graphic image of Meralco's distribution.

Generation

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Meralco PowerGen Corporation (“MGEN”)

MGEN is Meralco’s power generation arm with a growing portfolio of diversified energy solutions across the Philippines, with a total net sellable capacity of 5,069.7 MW as of December 2025. From thermal and liquefied natural gas (“LNG”) to solar and battery energy storage—with nuclear energy among the technologies being explored for the future—MGEN delivers reliable power to drive progress across economies, industries, Generation and communities. This diverse portfolio enables MGEN to supply baseload, intermediate load, peak load, and ancillary power while ensuring energy security and affordability.

As part of its commitment to a cleaner energy future, MGEN places a premium on accelerating the country’s energy transition, with 2,562 MW of RE in its pipeline until 2030.

Global Business Power Corporation (“MGEN Thermal”)

MGEN Thermal is a leading independent power producer in the Philippines with the flexibility to supply power across different load categories. MGEN Thermal plays a crucial role in addressing the growing energy demands connecting businesses and communities.

San Buenaventura Power, Ltd. Co. (“SBPL”), also part of MGEN’s Thermal group, in Mauban, Quezon, pioneered the first highefficiency, low-emission (“HELE”) coal technology in the Philippines. This facility is a joint venture between MGEN and New Growth B.V., a subsidiary of Electricity Generating Public Company Limited of Thailand.

LNGPH is an integrated LNG import and regasification terminal and gas-to-power complex in Batangas that supports the reliable supply of LNG for power generation in the Luzon grid. It operates as part of a strategic partnership between MGEN, Aboitiz Power Corporation through Therma NatGas Power, Inc., and San Miguel Global Power Holdings Corp., following the completion of a USD 3.3 billion investment that strengthens the Philippines’ energy security and transition towards lower-carbon power generation.

MGEN Renewable Energy, Inc. (“MGEN Renewables”)

MGEN Renewables is dedicated to investing in and developing clean, sustainable, and efficient energy projects, playing a pivotal role in the country’s transition to a low- carbon future. As a key driver of MGEN’s vision for a balanced and diversified power generation portfolio, MGEN Renewables plays a vital role in advancing RE solutions while ensuring long-term energy security.

MGEN Renewables also holds a stake in Terra Solar Philippines, Inc., the company behind the MTerra Solar Project, a landmark 3,500 MWp integrated solar PV power plant with a 4,500 MWh battery energy storage system (“BESS”), enabling the storage and efficient dispatch of RE to support grid stability.

PacificLight Power Pte. Ltd. (“PLP”)

PLP, MGEN’s Singapore-based affiliate, is the first power plant in Singapore to be completely fueled by LNG. It owns and operates an 800 MW LNG power plant on Jurong Island. It also has a 100-MW Fast Start Ancillary Services facility, enhancing PLP’s ability to provide reliable and responsive power to the Singapore grid. It is the largest Clean Development Mechanism (“CDM”) project in the city- state registered under the United Nations Framework Convention on Climate Change.

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Retail Electricity Supply

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MPower

MPower is Meralco’s local retail electricity supply (“LRES”) unit that serves contestable customers (end- users with at least 500-kW demand) including the country’s top corporations, within the Company’s franchise area. Lauded for its best-in- class service and reliable and stable power supply, MPower has established lasting partnerships with its customers and enjoys a market share of over 21% in MW demand of the country’s total Competitive Retail Electricity Market (“CREM”). MPower also manages a diversified supply portfolio and is actively increasing the share of solar and wind energy sources to complement traditional sources of power.

Vantage Energy Solutions and Management, Inc. (“Vantage Energy”)

Vantage Energy is Meralco’s first affiliate RES, which operates in Luzon, Visayas, and Mindanao. Established in 2017, it supplies energy to contestable customers where Retail Competition and Open Access (“RCOA”) is in effect. In recent years, the Company’s retail portfolio has grown, ably serving the energy needs of over 100 CREM end users. Adhering to its mission to provide stable, reliable, and quality electricity service, Vantage Energy is recognized as an emerging RES of choice in the CREM nationwide.

MGEN Retail Electricity Supplier Corporation (“MGEN RES”)

MGEN RES (formerly Global Energy Supply Corporation) offers a range of competitive service options and flexible schemes that are tailored according to the unique power requirements of businesses. MGEN RES sources electricity from diversified power generation facilities—allowing MGEN the flexibility to provide customers with the best-value energy solutions. Behind MGEN RES are experienced industry professionals who are committed to providing innovative services and excellent customer support.

Beyond the Meter

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Meralco Industrial Engineering Services Corporation (“MIESCOR”)

MIESCOR is Meralco’s oldest subsidiary. With its own subsidiaries MIESCOR Builders, Inc. (“MBI”), MIESCOR Logistics Inc. (“MLI”), and Customer Frontline Solutions (“CFS”), MIESCOR’s services include engineering, procurement, and construction (“EPC”) of electromechanical works; designing, building, and maintaining telecommunication infrastructures; utility attachment management; distribution utility services; trading of electrical supplies and equipment; and manpower services. The Philippine Contractor Accreditation Board (“PCAB”) places MIESCOR in the highest AAAA category for general engineering building, foundation work, structural steelwork, electrical work, mechanical work, and communication facilities.

MSpectrum, Inc. (“MSpectrum”)

Established in 2016 as part of Meralco’s thrust to promote RE solutions, MSpectrum provides affordable and safe solar energy products and services. MSpectrum has a total installed capacity of 95 MW across multiple solar projects nationwide. MSpectrum has four verticals: (1) Solar for Business forcommercial and industrial customers, (2) Microgrid for offgrid customers and Utility-Scale EPC for large-scale projects, (3) O&M for existing RE installations, and (4) development and management of Embedded Generation sites. Thecompany’s portfolio of customers includes those in the food & beverage manufacturing, cold storage, semiconductor, retail, and utility sectors.

Meralco Energy, Inc. (“MSERV”)

One of the country’s largest electromechanical contractors, MSERV is Meralco’s wholly owned subsidiary dedicated to providing after-the-meter energy services to commercial and industrial customers. The company offers energy- efficient solutions and digital power infrastructure. Additional services include energy auditing; EPC of mechanical and electrical facilities; operation and maintenance (“O&M”) of customer owned establishments; smart building and streetlight management; wastewater treatment; and hyperscale data center solutions.

MSERV is a Category AAA PCAB-licensed company and a DOE-accredited energy service company.

Movem Electric, Inc. (“Movem”)

As Meralco’s sustainable mobility arm, Movem provides the highest value end-to-end electric vehicle (“EV”) and charging solutions, purposely designed and tailored-fit to align with its clients’ sustainability and operational goals. Movem’s mission is to help spur the adoption of electric mobility in the Philippines.

Radius Telecoms, Inc. (“Radius”)

Radius focuses on developing an end-to-end fiber optic network that provides dedicated internet access, global networking, and cloud services across Metro Manila and its nearby provinces.

As of 2025, PLDT holds 34.9% ownership interest in Radius, strengthening the Company’s capital base and supporting its continued expansion in the telecommunications sector.

CIS Bayad Center, Inc. (“Bayad”)

Initially introduced as Meralco’s centralized bills payment channel, Bayad has steadily grown and expanded its financial services while also strengthening its commitment to sustainability practices by introducing innovative approaches to billing, optimizing internal operations, and improving workflows.

As of December 2025, Bayad’s nationwide footprint consists of 671 Bayad Centers, 70 company-owned branches, 336 franchisee-operated outlets, and 265 local store partners—a testament to its robust and growing presence across the country.

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