Vivant Corp. on Friday reported a 2025 consolidated core net income of P2.7 billion, up 21 percent from the previous year on strong performance of its energy business.
Accounting for non-core items including a share purchase gain and losses from a subsidiary’s unplanned downtime, the net income attributable to equity holders of the parent company also reached P2.7 billion, representing a 15-percent improvement over 2024.
The company’s consolidated revenues rose 2 percent to P12.4 billion, fueled by power sales and finance income from new water concession assets. While overall energy volumes sold declined 11 percent, earnings were sustained by reserve market profits which more than doubled to P2.5 billion.
“Vivant Corp. recorded a double-digit expansion in earnings in 2025 with our CCNI reaching P2.7 billion, 21 percent higher than the prior year. This was driven by the strong performance of Vivant Energy’s portfolio of generation assets, particularly our oil plants, and the steady contribution of our electricity distribution business,” Vivant chief executive Arlo Sarmiento said.
Vivant Energy contributed P3.4 billion to the total net income. Power generation accounted for 73 percent of energy profits at P2.5 billion, while the distribution utility business added P1.1 billion. However, the retail energy segment saw a P160-million loss because of higher power costs during the year.
The company expanded its renewable footprint in September 2025 by acquiring a 40-percent stake in SSREC, which operates a 49.2-MW solar facility in Bataan. The acquisition increased the total attributable capacity of Vivant to 471 MW.
“Meanwhile, Vivant Water is slowly pivoting from an investment-heavy phase to a revenue-generating one, as it starts to recognize the value of our concessions,” Sarmiento said.
The water business recorded a P218-million income contribution, reversing a P9-million loss in 2024. The turnaround followed a 25-year agreement to supply Metro Cebu with potable water via a desalination plant, allowing the company to recognize finance income starting in the second quarter of 2025.
Operating expenses grew 10 percent to P1.8 billion on increased headcount, professional fees and depreciation costs from capital expenditures. As of year-end 2025, consolidated assets stood at P35.3 billion and total equity attributable to the parent was P22.2 billion.
Sarmiento said the company remains focused on its 2030 targets through four pillars: expanding retail energy, reinforcing small power utilities leadership, scaling renewable capacity and providing essential water services.
“Looking ahead, we remain committed to achieving our aspirational goals considering the strides we have made thus far,” Sarmiento said.
