Manila Water Completes Full Takeover of Wawa Dam, Boosting Water Supply
Infrastructure

Manila Water Completes Full Takeover of Wawa Dam, Boosting Water Supply

Manila Water has completed the full takeover of Wawa Dam by acquiring the remaining shares in WawaJVCo, Inc., significantly enhancing water supply capacity for Metro Manila. The company reported improved financial performance in the first half of the year.

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  • Manila Water Posts Resilient Operations Amidst Financing Cost Pressures

    Manila Water Co. (MWC) reported a 7.6% year-on-year decline in net income for the second quarter, primarily due to increased financing costs related to its Wawa project. Despite this, first-half net income grew 6.5% year-on-year, highlighting resilient underlying operations and future growth potential from new supply sources.