By Jenniffer B. Austria and Othel V. Campos
Newly listed water utility firm Maynilad Water Services Inc. reported core net income of P11.4 billion in the first nine months of the year, up 18.1 percent, driven by higher revenues.
Maynilad, in a disclosure to the stock exchange, said revenues rose 9.5 percent to P27.7 billion pesos on the back of an 8 percent tariff increase implemented at the start of the year and an adjustment in the environmental charge to 25 percent from 20 per-cent.
Billed volume, however, declined 1 percent following government restrictions on Philippine Offshore Gaming Operators (POGO) and the transfer or closure of several large commercial accounts in the west zone.
“We continue to meet our service commitments while investing in the infrastructure that will sustain long-term growth,” said Maynilad president and chief executive Ramoncito Fernandez.
“Our operational gains and disciplined execution show that our fundamentals remain sound, and that we are on track with our 2025 operational and financial objectives.”
Following its maiden share offering, Fernandez said the company also continued to invest heavily in system upgrades and new water-treatment facilities under its 2023–2025 capital expenditures (CAPEX) program.
On the water-supply side, key projects include the 150-million-liter-per-day (MLD) Poblacion Water Treatment Plant in Muntinlupa, as well as modular treatment plants in Cavite that bolster supply in the southern part of the service area.
On the wastewater front, major undertakings include the 20-MLD Tunasan and 46-MLD Cupang Water Reclamation Facilities in Muntinlupa, and the larger 205-MLD CAMANA and 180-MLD Manila North wastewater-treatment projects.
As of the end of September 2025, Maynilad’s nonrevenue water (NRW) level improved to 32.8 percent from 39.3 percent in the same period last year.
This reduction, equivalent to about 231 million liters of water per day recovered, is comparable to the production capacity of a large water treatment plant.
Meanwhile, Fernandez said the company is also in talks with developers of two recla-mation projects for potential expansions.
