MPIC sustains double-digit growth trend in Q3

MANILA, Philippines — Conglomerate Metro Pacific Investments Corp. (MPIC) has sustained its strong growth momentum in the nine months ending September, with contributions from smaller businesses supporting the robust performance of its core businesses, including power, water and toll roads.

MPIC chief finance, risk and sustainability officer Chaye Cabal-Revilla said  the company “continued its double-digit growth trend” in the third quarter.

MPIC’s earnings results for the nine months ending September 2025 will be announced in the coming weeks.

“Right now, our debt level at MPIC is at its lowest. All our verticals are doing well,” Cabal-Revilla said.

“Then Maynilad will do an IPO (initial public offering). And then the power business is doing well. The smaller ones are also contributing in a way when before, they are in negative. Like Landco, it’s contributing already. mWell, we didn’t have a platform before, but now it’s really blooming,” she said.

In the first half, MPIC reported a 20-percent increase in consolidated core net income to P15 billion, up from P12.5 billion in the same period in 2024, reflecting the continued resilience and strength of its businesses.

The company’s strong performance was primarily fueled by robust growth in Meralco’s power generation business, the implementation of higher tariffs at Maynilad, and rising patient volumes across the Metro Pacific Hospitals network.

Reported net income during the six months likewise surged by 36 percent to P17 billion from P12.5 billion, driven by the gain from the sale of MPIC’s oil storage company, Philippine Coastal Storage and Pipeline Corp.

MPIC chairman, president and CEO Manuel V. Pangilinan earlier said that beyond financial performance, the company is sharpening its focus on long-term value creation by scaling investments in areas where it can make the greatest impact, such as energy, food security and inclusive infrastructure.

In July, MPIC, through Metro Pacific Agro Ventures Inc. (MPAV), executed share purchase and subscription agreements for a 15-percent stake in Eight8Ate Holdings Inc. for about P1.2 billion.

Eight8Ate is a food and restaurant operator that owns the premium casual dining restaurant Conti’s, as well as the fast-food chain Wendy’s, in the Philippines.

MPAV in July also signed agreements for its acquisition of the Franklin Baker Group of Companies, a transaction which marked a significant expansion of MPIC’s agribusiness platform.

Franklin Baker is one of the Philippines’ most established coconut processors, with manufacturing facilities in Laguna and Davao.