Annual Reports

This Integrated Report (“IR”) presents consolidated information on the financial and operational performance of the Manila Electric Company (“Meralco” or “the Company”) and our subsidiaries1 (collectively, “One Meralco” or “the Group”), as well as discussions on material environmental, social, and governance (“ESG”) issues relevant to our businesses and stakeholders. This IR has been reviewed by the Board of Directors of Meralco and approved during their regular meeting on March 24, 2026. This report is intended to be read in conjunction with the 2025 One Meralco Foundation (“OMF”) Annual Report, which provides a more detailed discussion of OMF’s programs, initiatives, and accomplishments during the reporting period.

This report presents the 2025 accomplishments of One Meralco Foundation, Inc. in its advocacy pillars of Community Electrification (household electrification for low-income families in the Meralco franchise area, off-grid public school electrification, agricultural and livelihood electrification, rural health center electrification, water access electrification, and solar lamp distribution), Environmental Sustainability, Youth and Women Empowerment, Disaster Resilience and Response, Grassroots Partnerships, and Employee Giving and Volunteerism. As a responsible social development institution, we exercised utmost transparency in preparing this report, ensuring that our stakeholders, particularly benefactors and beneficiaries receive clear and factual information about our accomplishments and financial performance following the Philippine Financial Reporting Standards. The report also indicates how our programs respond to the United Nations Sustainable Development Goals (SDGs).

This report presents the 2024 accomplishments of One Meralco Foundation, Inc. in its advocacy pillars of Community Electrification (household electrification for low-income families in the Meralco franchise area, off-grid public school electrification, rural health center electrification, water access electrification and, agricultural and livelihood electrification), Environmental Sustainability, Youth and Women Development, Emergency Preparedness and Disaster Response, Grassroots Partnerships, and Employee Giving and Volunteerism. As a responsible social development institution, we exercised utmost transparency in preparing this report, ensuring that our stakeholders, particularly benefactors and beneficiaries receive clear and factual information about our accomplishments and financial performance following the Philippine Financial Reporting Standards. The report also indicates how our programs respond to the United Nations Sustainable Development Goals (SDGs).

This Integrated Report (“IR”) details the accomplishments, performance and challenges of the Manila Electric Company (“Meralco” or “the Company”) and our subsidiaries (collectively, “One Meralco” or “the Group”) in 2024. This report contains information about the Group’s financial and operational performance, as well as discussions on environmental, social, and governance (“ESG”) issues relevant to our businesses and stakeholders. This report is best read in conjunction with the One Meralco Foundation (“OMF”) 2024 Annual Report, which details OMF’s initiatives and achievements throughout the reporting period.

PANGARAP : This report presents the 2023 accomplishments of One Meralco Foundation, Inc. in its advocacy pillars of Community Electrification (household electrification for low-income families in the Meralco franchise area, off-grid public school electrification, rural health center electrification, water access electrification, agricultural and livelihood electrification, solar lamp donations), Environmental Sustainability, Youth and Women Development, Emergency Preparedness and Disaster Response, Grassroots Partnerships, and Employee Giving and Volunteerism.

PANGAKO: Manila Electric Company's (“Meralco”, "the Company") Annual and Sustainability Report ("ASR") highlights our and our subsidiaries' (collectively as "One Meralco" or "the Group") accomplishments in 2023. This report provides our financial, operational, and environmental, social, and governance ("ESG") performance and discusses our impact on our stakeholders' lives. This report is best read in conjunction with the 2023 One Meralco Foundation ("OMF") Annual Report, which details the OMF's initiatives and achievements.

SIKAT: This Combined Annual and Sustainability Report (CASR) showcases the accomplishments of the Manila Electric Company (Meralco) and its subsidiaries (collectively as “One Meralco” or “the Group”) in 2022. Aligned with the Group’s deepened commitment to sustainability, the report contains information on the financial and operational performance of Meralco as well as discussions on environmental, social, and governance (ESG) issues relevant to One Meralco’s businesses and stakeholders. This report is best read along with the 2022 One Meralco Foundation (OMF) Annual Report, SIGLA, which provides details of OMF’s initiatives and accomplishments.

SIGLA: This report presents the 2022 accomplishments of One Meralco Foundation, Inc. in its advocacy pillars of Community Electrification (household electrification for low-income families in the Meralco franchise area, off-grid public school electrification, rural health center electrification, water access electrification, agricultural and livelihood electrification, donation of solar lamps), Environmental Sustainability, Youth Development, Emergency Preparedness and Disaster Response, Grassroots Partnerships, and Employee Giving and Volunteerism. As a responsible social development institution, we exercised utmost transparency in preparing this report, ensuring that our stakeholders, particularly benefactors and beneficiaries receive clear and factual information about our accomplishments and financial performance following Philippine Financial Reporting Standards. The report also includes how our programs continue to respond to the United Nations Sustainable Development Goals particularly those aligned with our advocacies.

MALASAKIT: More Hope to Empower Communities Heart-warming initiatives of One Meralco Foundation kindle hope for the underserved and unserved communities that need the benefits of electrification for their households, environmental sustainability for their surroundings, and responsible citizenship for members of their families.

KALINGA: More Life to Sustain the Filipino Sustainability is core to Meralco. It is at the heart of all we do and all we aim to be, as we continue powering our customers and communities, preserving and protecting our planet, nurturing our people, and ensuring prosperity for all.

BAYANIHAN: More Power to Serve the Nation Our way of life in Meralco revolves around our commitment to provide an excellent service experience to our customers, communities, and our country while continuously upgrading our facilities, digital technology, and other services  which are beyond the meter and beyond energy.

Give Hope presents OMF’s initiatives that ignite hope to communities it serves – responding to the COVID-19 pandemic with urgency and focusing on its social development programs: household and school electrification, energy education, environmental sustainability, and responsible citizenship.

Live Life captures One Meralco’s pledge to embed sustainability at the core of its business, presenting the Group’s earnest efforts across Power, People, Planet, and Prosperity, in support of its Powering the Good Life sustainability agenda.

Power On shows Meralco’s commitment to service excellence – bringing light and uninterrupted power to homes, businesses and COVID-19 vital facilities while streamlining its operations and executing a digital transformation to elevate customer experience as the Company navigates towards the new normal.

Sustaining the Future maps out Meralco’s sustainability agenda, in the context of the United Nations Sustainable Development Goals. It details the focus on Power, Planet, People, and Prosperity in alignment with Meralco’s business strategy.

Sustaining Communities presents the accomplishments of One Meralco Foundation on its various community and social development programs on household and school electrification, energy education, environmental sustainability, and responsible citizenship.

Sustaining Communities presents the accomplishments of One Meralco Foundation on its various community and social development programs on household and school electrification, energy education, environmental sustainability, and responsible citizenship.

Sustaining the Future maps out Meralco’s sustainability agenda, in the context of the United Nations Sustainable Development Goals. It details the focus on Power, Planet, People, and Prosperity in alignment with Meralco’s business strategy.

Sustaining Energy shows Meralco’s transition to renewable energy to better support future generations, and executes a digital transformation to upgrade its systems and operations for greater efficiency and a better customer experience.

Sustaining Energy shows Meralco’s transition to renewable energy to better support future generations, and executes a digital transformation to upgrade its systems and operations for greater efficiency and a better customer experience.

The Meralco Annual Report, My Energy Partner.  My Meralco. , presents the milestone year that was 2018 with new record highs achieved in financials and operating metrics.

Meralco’s journey to seamless quality service and unrelenting pursuit of excellence continues on its 115th year in 2018. Onward to more years of light and life!

We will continue to focus on our customers, our operating excellence, our technology innovations and digital transformation, and on our growth and profitability pillars, to create and deliver sustained value to Meralco customers and Meralco shareholders.

Powered by service, Meralco moves forward to stretch the boundaries of what is possible, buoyed by a strong determination to succeed and an innovative spirit, armed with foresight and flexibility to embrace change and create a brighter future for the customers of today and tomorrow.

Power to Respond. MERALCO builds up its technological capability with a modern System Control Center that is more responsive to the increasing and more complex needs of customers and, at the same time, ready to take on the challenge of the Internet generation who expects answers in real time.

The resolute character to serve reaches beyond our business borders, beyond the call of duty, beyond the norm. On our cover is a Meralco lineman whose face manifests the desire to serve and pursue the Company’s commitment to the customer, the community and the country. The pages of this Report qualify what “Service” means to Meralco: creating options, trailblazing efforts, putting the consumer first, rendering service with a smile, notching unparalleled performance. We are Meralco, determined to serve.

Execute. Equipped with game-changing strategies that were executed company-wide, Meralco’s employee corps led by its dedicated leaders went on to prove that a team that is unified in its vision and focused on its special mission will prevail – no matter the circumstances.2011 Aim. Meralco faced 2012 with excitement, ready to meet a new round of challenges in the competitive arena of Philippine business. It aimed to register a record-high, to surpass prior year’s performance with passion and determination. Excel. Year-end 2012 stellar results prove that excellence is an integral part of Meralco corporate culture, and that its strongest core competency is the ability to use the achievements of the past to benefit and strengthen the present - so that it can plan and move to a brighter future with foresight and conviction.