Meralco Integrated Report 2025 Cover Page.
Meralco Integrated Report 2025 Cover Page.

Our Performance Highlights

Table containing Meralco's Performance Highlight by percentage
Table containing Meralco's Performance Highlight by percentage

Operational Highlights

ESG Highlights

Environment

Table containing Meralco's ESG Highlight by GHG emissions, percentage, hours, and peso.
Table containing Meralco's ESG Highlight by GHG emissions, percentage, hours, and peso.

Message from 
Our Chairman & Chief Executive Officer

To our fellow stakeholders,

For over a century, Meralco has helped build the foundations of the Philippines’ progress as a nation. We have lit up millions of homes, connected thousands of communities, powered industries, and helped the country’s economy. And even as global conditions shift and national priorities evolve, we continue to stay true to our core: an enduring commitment to the people we serve.

In 2025, the Philippines navigated a complex landscape marked by slower growth momentum, governance concerns that weighed on public trust and investor confidence, and intensifying geopolitical tensions that reshaped global trade. Annual GDP growth closed at 4.4%, below projections and Government targets.

Despite these headwinds, One Meralco stood firm, maintaining our focus on excellent execution, reliable service, and sustainable value creation for our stakeholders. We advanced innovation across our energy platforms while supporting communities. Our steadfast performance was ultimately affirmed by the renewal of Meralco’s franchise, a clear vote of confidence that strengthens our mandate to help power the nation’s growth.

Photo of Manny V. Pangilinan, Chairman and Chief Executive Officer of Meralco.
Photo of Manny V. Pangilinan, Chairman and Chief Executive Officer of Meralco.

Despite these headwinds, One Meralco stood firm, maintaining our focus on excellent execution, reliable service, and sustainable value creation for our stakeholders. We advanced innovation across our energy platforms while supporting communities. Our steadfast performance was ultimately affirmed by the renewal of Meralco’s franchise, a clear vote of confidence that strengthens our mandate to help power the nation’s growth.

Manny V. Pangilinan

Chairman and Chief Executive Officer

Renewing Our Pledge to Power Progress

The 25-year extension of Meralco’s legislative franchise secured the Distribution Utility’s (“DU”) authority to operate until 2053. As we enter this new chapter, we return to fundamentals, building on the strong foundation we have established over the years while reinforcing our commitment to deliver affordable and reliable electricity to our 8.2 million customers.

More than ensuring continuity, the extended franchise enables us to pursue large-scale, long-term investments that will improve system reliability, enhance grid resilience against climate and demand pressures, and expand access to cleaner energy solutions.

Photo of train in transit at the front and buildings at the background.

Leadership Roundtable

One Meralco’s leaders discuss the forces reshaping power demand, from solar rooftops and EVs to grid modernization and energy security.

Photo of Ferdinand O. Geluz, Chief Revenue Officer of Meralco.

Ferdinand O. Geluz

Chief Revenue Officer

Meralco

Photo of Ronnie L. Aperocho, Chief Operating Officer of Meralco.

Ronnie L. Aperocho

Chief Operating Officer

Meralco

Photo of Emmanuel V. Rubio, President and CEO of MGEN.

Emmanuel V. Rubio

President and CEO

MGEN

Our Business Environment

Download our 2025 Annual Reports