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Meralco reported steady growth in energy sales, customer count, and core profitability for the quarter, supported by continued network investments and reliable service across its franchise area.
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Financial Results
Investor Updates
FY2025 results
497.3 billion Philippine pesos consolidated revenue for financial year 2025
FY2025 consolidated revenue.
Neutral: Up 6% year on year
50.6 billion Philippine pesos consolidated core net income for financial year 2025
FY2025 consolidated core net income.
Favorable: Up 12% year on year
53,257 gigawatt-hours of energy sales for financial year 2025
FY2025 energy sales.
Neutral: Down 0.6% year on year
8.2 million customer accounts for financial year 2025
FY2025 customer accounts.
Neutral: Up 2.2% year on year
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Find answers about Meralco’s business, financial reporting, strategy, regulatory framework, and shareholder engagement.
About Meralco
Meralco is the Philippines’ largest private electric distribution utility, serving more than eight million customers. The group also operates in power generation through MGen and energy solutions through MPower, MServ, and MIESCOR.
Meralco was founded in 1903. Its shares have traded on the Philippine Stock Exchange under the ticker MER since 1992.
The franchise area covers Metro Manila and parts of Central Luzon and Calabarzon, including service areas in Batangas, Quezon, and Rizal.
Financial performance
Annual and quarterly reports, financial results, and corporate disclosures are available through Meralco’s Results and Reporting and Disclosures and Filings pages. Official filings are also available through PSE EDGE.
Meralco’s fiscal year ends on December 31.
The regular dividend policy targets a payout equal to 50% of consolidated core net income for the year. A special dividend may also be declared following a look-back assessment.
Operations and strategy
MGreen, Meralco’s renewable generation arm, targets 1,500 MW of renewable capacity by 2030. Meralco’s distribution business also plans to contract 1,500 MW of renewable energy in support of the Department of Energy’s Renewable Portfolio Standards.
Meralco is carrying out a multi-year capital program to expand and modernize its distribution network, strengthen reliability, and serve rising electricity demand.
Electricity rates are regulated by the Energy Regulatory Commission under the Performance-Based Regulation framework.
Regulatory and governance
Meralco’s congressional franchise has been renewed through 2053. The 25-year renewal became law on April 11, 2025.
Investor engagement
Email the Investor Relations team at investor.relations@meralco.com.ph or use the Contact Investor Relations page for meeting requests and other investor inquiries.
The regular Annual Stockholders’ Meeting schedule is the last Tuesday of June. Meetings are typically held at the Meralco Theater in Pasig City, with notices provided to shareholders and published on the website in advance.
Watch the Investor Center for disclosures, earnings releases, and event announcements. Investors can also follow Meralco on LinkedIn for company updates.
Contact Meralco’s Investor Relations team for meeting requests, financial information, and shareholder concerns.
Contact Investor Relations
