Alsons Consolidated Resources Inc., the publicly listed holding firm of the Alcantara Group, reported a 15-percent increase in its first-quarter net income, reaching P543 million compared to P472 million in the same period last year. This growth occurred despite ongoing volatility in the global business environment.
Key Financial Highlights
Net income attributable to the parent company surged 64 percent to P223 million from P137 million in the first quarter of 2025. Consolidated revenues also rose by 12 percent to P3.36 billion from P2.99 billion, driven largely by robust electricity demand in Mindanao.
“The current geopolitical tensions have caused major economic shifts not only for the Philippines but also in other economies around the world. Yet amid this evolving landscape, our commitment to powering communities with care remains steadfast,” said Roberto P. Ramos, chief finance officer of the company.
Primary Revenue Contributors
The company identified Sarangani Energy Corporation as the primary contributor to revenues and earnings during the quarter. Additionally, Alsons highlighted its Retail Electricity Supply unit, which currently supplies 118 megawatts to customers, and improved participation in the Wholesale Electricity Spot Market (WESM) as key growth drivers.
“Despite the challenging global environment and the shifting market conditions, we remain focused on reliable operations, disciplined execution, and prudent cost management to ensure that we continue delivering value to our customers and stakeholders,” Ramos added.
Renewable Energy Expansion
Alsons noted that it continues to advance two large-scale solar power projects in Mindanao as part of its efforts to expand its renewable energy portfolio and strengthen its long-term power generation capacity.
