+ Follow SMPC Tag
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[ArticleID] => 2547223
[Title] => Power business lifts Semirara profit to P8.6 billion
[Summary] => MANILA, Philippines — Semirara Mining and Power Corp. (SMPC) delivered slightly higher earnings in the first half, fueled by strong power business that countered weaker results from its coal segment.
Tycoon Isidro Consunji’s integrated energy company saw its net income inch up by two percent to P8.58 billion during the period from P8.42 billion a year ago.
Revenue rose by nine percent to P34 billion from P31.33 billion, as higher coal and electricity selling prices outweighed declines in coal shipments and power sales volumes.
SMPC bounced back in the second quarter, with improved operating performance lifting its first-half earnings despite softer results in the opening three months.
For the second quarter, the company recorded a 17-percent growth in net income to P4.8 billion from P4.1 billion a year earlier.
The power business took the lead, contributing P4.6 billion or 96 percent of total earnings during the quarter.
Power sales sizzled by nine percent to an all-time high of 1,563 gigawatt-hours from 1,435 GWh, thanks to improved plant performance across the company’s portfolio.
Of the electricity sold, 53 percent was traded in the spot market, while the remaining 47 percent was delivered through bilateral contracts.
The overall average selling price surged by 29 percent to P5.81 per kilowatt-hour from P4.51 per kWh, supported by higher spot market prices during the quarter.
By the end of June, 52 percent of SMPC’s 860-megawatt dependable capacity was contracted, with 339.8 MW available for spot market sales after accounting for station service requirements.
The coal segment, however, faced a more challenging quarter, generating only P191 million in earnings as lower output and shipments, coupled with higher fuel costs, offset the recovery in selling prices.
Coal production plunged by 55 percent to 2.5 million metric tons from 5.6 millionMT, while shipments declined by 13 percent to four million MT from 4.6 million MT.
“Operations were affected by stripping activities in the new Narra block and limited production at the Acacia mine,” the company said.
Stronger global coal benchmarks pushed Semirara coal’s average selling price to P2,833 per MT, up by 27 percent from P2,223 per MT.
SMPC is the country’s leading coal producer, accounting for more than 90 percent of domestic output. It also exports coal to China, South Korea, Brunei and other nearby markets.
[DatePublished] => 2026-08-06 00:00:00
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[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2026/08/05/coal2025-06-1219-23-19_2026-08-05_19-30-56449_thumbnail.jpg
)
[1] => Array
(
[ArticleID] => 2524752
[Title] => Weaker output drags Semirara Q1 income
[Summary] => Semirara Mining and Power Corp. of the Consunji Group ended the first quarter with lower earnings, mainly due to reduced electricity output.
[DatePublished] => 2026-05-01 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2026/04/30/22_2026-04-30_18-55-34251_thumbnail.jpg
)
[2] => Array
(
[ArticleID] => 2510434
[Title] => ‘Many firms interested in Semirara coal contract’
[Summary] => Energy Secretary Sharon Garin is confident that “many” industry players will vie for Semirara Mining and Power Corp. prized coal contract in Antique, whose auction is set to open this Friday.
[DatePublished] => 2026-02-26 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2026/02/25/1_2026-02-25_19-18-38147_thumbnail.jpg
)
[3] => Array
(
[ArticleID] => 2508658
[Title] => Meralco interested in Semirara’s coal contract
[Summary] => Manuel V. Pangilinan’s Meralco Group has signaled its interest in taking over operations of the coal mine long run by tycoon Isidro Consunji’s Semirara Mining and Power Corp..
[DatePublished] => 2026-02-18 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2026/02/17/a1-1-12_2026-02-17_18-45-28172_thumbnail.jpg
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[4] => Array
(
[ArticleID] => 2508446
[Title] => Semirara shares plunge deeper on non-extension of coal contract
[Summary] => The shares of Semirara Mining and Power Corp. plunged deeper into the red as the government’s move to auction its coal contract rattled investors and clouded the company’s prospects.
[DatePublished] => 2026-02-17 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2026/02/16/7_2026-02-16_19-52-16265_thumbnail.jpg
)
[5] => Array
(
[ArticleID] => 2484618
[Title] => Semirara income slides to P9.9 billion in 9 months
[Summary] => Consunji-led Semirara Mining and Power Corp. ended the first nine months with a double-digit decline in earnings, weighed down by weaker coal and electricity prices.
[DatePublished] => 2025-11-04 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/11/03/17_2025-11-03_18-23-07296_thumbnail.jpg
)
[6] => Array
(
[ArticleID] => 2463095
[Title] => Semirara earns P8.4 billion in 6 months
[Summary] => Consunji-led Semirara Mining and Power Corp. saw its earnings decline by a third in the first half, weighed down by softer coal and electricity selling prices.
[DatePublished] => 2025-08-05 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/08/04/10_2025-08-04_19-18-46252_thumbnail.jpg
)
[7] => Array
(
[ArticleID] => 2450096
[Title] => DENR clears Semirara’s P291 billion coal mine expansion
[Summary] => Semirara Mining and Power Corp. of tycoon Isidro Consunji has secured the key environmental clearance to proceed with its planned P291-billion coal mine expansion project in Antique.
[DatePublished] => 2025-06-13 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/06/12/coal_2025-06-12_19-23-19281_thumbnail.jpg
)
[8] => Array
(
[ArticleID] => 2442078
[Title] => Semirara targets DENR nod on Acacia mine this year
[Summary] => Consunji-led Semirara Mining and Power Corp. aims to secure environmental clearance for its Acacia mine in Antique later this year, paving the way for a P291-billion coal expansion project.
[DatePublished] => 2025-05-11 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/05/10/denr_2025-05-10_18-43-36467_thumbnail.jpg
)
[9] => Array
(
[ArticleID] => 2425622
[Title] => Semirara income drops to P19.6 billion in 2024
[Summary] => The weaker selling prices in the energy market weighed on Consunji-led Semirara Mining and Power Corp., with its earnings declining by 30 percent to P19.63 billion in 2024 from P27.9 billion in 2023.
[DatePublished] => 2025-03-04 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/03/03/12_2025-03-03_18-41-02422_thumbnail.jpg
)
)
)
SMPC
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 2547223
[Title] => Power business lifts Semirara profit to P8.6 billion
[Summary] => MANILA, Philippines — Semirara Mining and Power Corp. (SMPC) delivered slightly higher earnings in the first half, fueled by strong power business that countered weaker results from its coal segment.
Tycoon Isidro Consunji’s integrated energy company saw its net income inch up by two percent to P8.58 billion during the period from P8.42 billion a year ago.
Revenue rose by nine percent to P34 billion from P31.33 billion, as higher coal and electricity selling prices outweighed declines in coal shipments and power sales volumes.
SMPC bounced back in the second quarter, with improved operating performance lifting its first-half earnings despite softer results in the opening three months.
For the second quarter, the company recorded a 17-percent growth in net income to P4.8 billion from P4.1 billion a year earlier.
The power business took the lead, contributing P4.6 billion or 96 percent of total earnings during the quarter.
Power sales sizzled by nine percent to an all-time high of 1,563 gigawatt-hours from 1,435 GWh, thanks to improved plant performance across the company’s portfolio.
Of the electricity sold, 53 percent was traded in the spot market, while the remaining 47 percent was delivered through bilateral contracts.
The overall average selling price surged by 29 percent to P5.81 per kilowatt-hour from P4.51 per kWh, supported by higher spot market prices during the quarter.
By the end of June, 52 percent of SMPC’s 860-megawatt dependable capacity was contracted, with 339.8 MW available for spot market sales after accounting for station service requirements.
The coal segment, however, faced a more challenging quarter, generating only P191 million in earnings as lower output and shipments, coupled with higher fuel costs, offset the recovery in selling prices.
Coal production plunged by 55 percent to 2.5 million metric tons from 5.6 millionMT, while shipments declined by 13 percent to four million MT from 4.6 million MT.
“Operations were affected by stripping activities in the new Narra block and limited production at the Acacia mine,” the company said.
Stronger global coal benchmarks pushed Semirara coal’s average selling price to P2,833 per MT, up by 27 percent from P2,223 per MT.
SMPC is the country’s leading coal producer, accounting for more than 90 percent of domestic output. It also exports coal to China, South Korea, Brunei and other nearby markets.
[DatePublished] => 2026-08-06 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2026/08/05/coal2025-06-1219-23-19_2026-08-05_19-30-56449_thumbnail.jpg
)
[1] => Array
(
[ArticleID] => 2524752
[Title] => Weaker output drags Semirara Q1 income
[Summary] => Semirara Mining and Power Corp. of the Consunji Group ended the first quarter with lower earnings, mainly due to reduced electricity output.
[DatePublished] => 2026-05-01 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2026/04/30/22_2026-04-30_18-55-34251_thumbnail.jpg
)
[2] => Array
(
[ArticleID] => 2510434
[Title] => ‘Many firms interested in Semirara coal contract’
[Summary] => Energy Secretary Sharon Garin is confident that “many” industry players will vie for Semirara Mining and Power Corp. prized coal contract in Antique, whose auction is set to open this Friday.
[DatePublished] => 2026-02-26 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2026/02/25/1_2026-02-25_19-18-38147_thumbnail.jpg
)
[3] => Array
(
[ArticleID] => 2508658
[Title] => Meralco interested in Semirara’s coal contract
[Summary] => Manuel V. Pangilinan’s Meralco Group has signaled its interest in taking over operations of the coal mine long run by tycoon Isidro Consunji’s Semirara Mining and Power Corp..
[DatePublished] => 2026-02-18 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2026/02/17/a1-1-12_2026-02-17_18-45-28172_thumbnail.jpg
)
[4] => Array
(
[ArticleID] => 2508446
[Title] => Semirara shares plunge deeper on non-extension of coal contract
[Summary] => The shares of Semirara Mining and Power Corp. plunged deeper into the red as the government’s move to auction its coal contract rattled investors and clouded the company’s prospects.
[DatePublished] => 2026-02-17 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2026/02/16/7_2026-02-16_19-52-16265_thumbnail.jpg
)
[5] => Array
(
[ArticleID] => 2484618
[Title] => Semirara income slides to P9.9 billion in 9 months
[Summary] => Consunji-led Semirara Mining and Power Corp. ended the first nine months with a double-digit decline in earnings, weighed down by weaker coal and electricity prices.
[DatePublished] => 2025-11-04 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/11/03/17_2025-11-03_18-23-07296_thumbnail.jpg
)
[6] => Array
(
[ArticleID] => 2463095
[Title] => Semirara earns P8.4 billion in 6 months
[Summary] => Consunji-led Semirara Mining and Power Corp. saw its earnings decline by a third in the first half, weighed down by softer coal and electricity selling prices.
[DatePublished] => 2025-08-05 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/08/04/10_2025-08-04_19-18-46252_thumbnail.jpg
)
[7] => Array
(
[ArticleID] => 2450096
[Title] => DENR clears Semirara’s P291 billion coal mine expansion
[Summary] => Semirara Mining and Power Corp. of tycoon Isidro Consunji has secured the key environmental clearance to proceed with its planned P291-billion coal mine expansion project in Antique.
[DatePublished] => 2025-06-13 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/06/12/coal_2025-06-12_19-23-19281_thumbnail.jpg
)
[8] => Array
(
[ArticleID] => 2442078
[Title] => Semirara targets DENR nod on Acacia mine this year
[Summary] => Consunji-led Semirara Mining and Power Corp. aims to secure environmental clearance for its Acacia mine in Antique later this year, paving the way for a P291-billion coal expansion project.
[DatePublished] => 2025-05-11 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/05/10/denr_2025-05-10_18-43-36467_thumbnail.jpg
)
[9] => Array
(
[ArticleID] => 2425622
[Title] => Semirara income drops to P19.6 billion in 2024
[Summary] => The weaker selling prices in the energy market weighed on Consunji-led Semirara Mining and Power Corp., with its earnings declining by 30 percent to P19.63 billion in 2024 from P27.9 billion in 2023.
[DatePublished] => 2025-03-04 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1808224
[AuthorName] => Brix Lelis
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2025/03/03/12_2025-03-03_18-41-02422_thumbnail.jpg
)
)
)
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