First Gen Profit Rises 3% to P12.5B on Strong Renewable Energy Performance
Lopez-led First Gen Corp. reported a 3% year-on-year increase in net income to P12.5 billion for the first nine months, driven by robust performance from its renewable energy assets, signaling improved profitability.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- ACEN Relinquishes 5GW Renewable Contracts Amid PH Gov't Project Review
ACEN Corp. has voluntarily relinquished 12 wind and solar service contracts in Luzon, representing nearly 5GW of potential capacity, as the Philippine government reviews its renewable energy projects. The company cited project delays as the reason, highlighting shifts in the nation's energy policy.
- Cebu Pacific Posts P12.8-B Loss Amid Soaring Fuel Costs and Weak Peso
Philippine budget carrier Cebu Pacific incurred a net loss of P12.8 billion in the first nine months of 2026, a sharp reversal from the previous year's profit, due to a "double whammy" of soaring jet fuel costs and a weakening peso.
- VP Duterte's Bank Accounts, Undeclared Balances Remain Undisputed
Vice President Sara Z. Duterte's lawyers have yet to dispute bank accounts and balances related to P817.87 million in alleged unexplained wealth, according to a House prosecution spokesperson. The issue remains a key point in ongoing proceedings.
- BankCom's 9-month net income rises 15% to P3.17B
Bank of Commerce (BankCom), an affiliate of San Miguel Corp., saw its net income grow by 15 percent to P3.17 billion in the first nine months of 2026, driven by higher interest earnings that compensated for a decline in non-interest income.