MPIC core income up 5% to P6.9 billion in Q1 2026

Pangilinan-led infrastructure conglomerate Metro Pacific Investments Corporation (MPIC) saw a 5% growth in consolidated core net income to P6.9 billion in the first quarter of 2026, from P6.6 billion a year ago.

In a news release on Thursday, MPIC said its first quarter performance reflected “the group’s resilience amid elevated energy prices and a more volatile global environment.”

The group said contribution from operations rose 4%, driven by its power and healthcare businesses, supported by stronger generation output and higher patient volumes.

This was, however, partly weighed down by lower water contribution following ownership dilution in Maynilad Water after its public listing in November 2025.

MPIC said its power business remained the largest contributor, accounting for P5.1 billion or 62% of its income from operations.

Water and toll roads contributed P1.5 billion and P1.4 billion, respectively, representing a combined 36%.

“Even in a more challenging environment, demand for essential services remains steady. Our priority is to keep our operations running reliably and continue serving the communities that depend on us. We remain disciplined, managing our costs carefully, and making sure we deliver where it matters most. If we stay focused on execution and service, we are confident our businesses will remain resilient,” said MPIC chairman, president and CEO Manuel Pangilinan. — Ted Cordero/BM, GMA News