Alternergy Holdings Corp. reported a 27-percent increase in net income for the fiscal year ending June 2025 to P165 million from P129.565 million in the same period last year.
The company said revenue and income growth were driven by its operating solar and wind assets. Revenues rose 30.93 percent to P359.931 million from P274.903 million as its assets expanded.
“Our operating assets continue to contribute significant margins,” said Alternergy president Gerry Magbanua.
“We expect that once the ongoing construction of the four projects is completed by the end of 2025 and early 2026, there will be a substantial boost in ALTER’s financial standing,” he said.
“Together with our operating projects steadily generating revenues, our projects under construction and the new pipeline of projects being put together, we are positively increasing value to our shareholders as one of the fastest growing renewable energy developers in the country,” Magbanua said.
Consolidated assets more than doubled to P17.9 billion in fiscal year 2025 from P8.7 billion in fiscal year 2024, driven by four wind, solar, and hydro projects under construction.
The group accelerated construction of several power plants, including the 4.6-megawatt Dupinga run-of-river, 28-megawatt Solana Balsik solar, 128-megawatt Tanay wind and 64-megawatt Alabat wind projects.
Alternergy also ended June 30, 2025, with a cash position of P6 billion, accounting for a third of total consolidated assets. This cash will be used for the four projects under construction to ensure their completion by the fourth quarter of 2025 and the first quarter of 2026.
Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 28.7 percent to P399 million from P310 million.
