Manila Water net income up 25% in first nine months of 2025

East zone concessionaire Manila Water Company inc. on Friday reported a 25% growth in its net income for the first nine months of the year, as the utility provider posted higher revenues while it lowered cost of sales (COS) and operating expenses.

Manila Water said its nine-month net income grew to P12.667 billion from P10.103 billion the same period in 2024, as revenues grew 9% to P30.053 billion while COS and operating expenses declined by 1% to P8.693 billion.

The company ended September with P13.734-billion worth of total assets, reflecting a 6% increase from P227.944 billion last year. Total liabilities fell 3% to P155.730 billion from P150.609 billion.

Manila Water in February announced an P833-million spending program for projects slated for implementation this year, including 23 mainline extension and individualization projects.

The Razon-led firm has the exclusive right to provide water and used water services to the east zone of the franchise area of the Metropolitan Waterworks and Sewerage System (MWSS), which services 23 cities and municipalities in Metro Manila and Rizal.

These include Mandaluyong, Makati, Pasig, Pateros, San Juan, Taguig, Marikina, and parts of Quezon City and Manila. The towns of Angono, Baras, Binangonan, Cainta, Cardona, Jalajala, Morong, Pililia, Rodriguez, Tanay, Taytay, Teresa, San Mateo and Antipolo in the province of Rizal are also part of the east zone.—AOL, GMA Integrated News