Vivant Corporation reported a 21% rise in consolidated core net income for 2025 to 2.7 billion pesos ($48.5 million), driven by stronger power generation earnings and gains from the reserve market.
Including non-core items, net income attributable to equity holders reached 2.7 billion pesos, up 15% from a year earlier, the company said in a statement.
Chief Executive Arlo G. Sarmiento said the results reflected “a double-digit expansion in earnings… driven by the strong performance of Vivant Energy’s portfolio of generation assets, particularly our oil plants, and the steady contribution of our electricity distribution business.”
Power generation remained the largest earnings driver, contributing 2.5 billion pesos, or about 69% of total segment income, up 15% year-on-year. The increase was supported by higher reserve market nominations, which rose more than 1.7 times to 1,647 gigawatt-hours, boosting revenues.
Vivant Energy’s total contribution reached 3.4 billion pesos, while its distribution unit, Visayan Electric Company, posted 1.1 billion pesos in net income, down 13% due to a regulatory-mandated refund and losses linked to Typhoon Tinio despite higher electricity volumes.
The company’s retail electricity arm, Corenergy, recorded a loss of 160 million pesos, weighed by elevated power costs, even as sales volumes rose 18% to 303 GWh.
Vivant’s push into renewables and water also gained traction. Its 40%-owned solar unit, Samal Solar Renewable Energy Corporation, contributed 3 million pesos following its acquisition in September, while its water business swung to a 218 million peso profit from a loss a year earlier.
“In 2025… we continued to develop to be a more resilient and agile organization,” Sarmiento said, adding the company is preparing for “existing and potential headwinds,” including geopolitical risks.
Looking ahead, Vivant said it will focus on expanding its retail energy footprint, scaling renewable capacity, strengthening its small power utility operations, and growing its water services portfolio as it works toward its 2030 targets.
Business News Asia
