Repower Energy profit jumps 177% to PHP 330M

Repower Energy Development Corp. reported a 177% increase in net income to about PHP 330 million in 2025, driven by higher power generation, capacity expansion, and stronger revenues from its renewable energy portfolio.

The listed hydropower developer said the 2025 result nearly tripled its PHP 119 million earnings in 2024, based on audited consolidated financial statements.

The company said the figure does not yet reflect the contribution of its new 18.2-megawatt hydropower plant, which underwent commissioning in December 2025.

REDC’s revenues rose to PHP 775.8 million in 2025 from PHP 533.4 million in 2024, supported by higher electricity sales and favorable feed-in-tariff adjustments.

The company said the performance marked a continued expansion from its 2023 earnings level at the time of its initial public offering.

“The performance shows that the investments we made post-IPO are now translating into real earnings growth and value to our stakeholders,” REDC President Eric Roxas said.

“Our 2025 results highlight the company’s solid fundamentals and disciplined execution. The substantial growth in net income reflects both increased generation and our continued commitment to operational excellence,” Roxas said.

REDC said its earnings momentum came alongside continued investments in its renewable energy portfolio, particularly in hydropower assets across multiple sites.

Since its IPO in 2023, the company said it has expanded its generating capacity through the disciplined and strategic use of listing proceeds for project development and capacity build-out.

The Philippine Stock Exchange approved REDC’s IPO application in May 2023, saying the hydropower company planned to use most of the proceeds to partly fund the equity portion of its Pulanai and Piapi Mini Hydroelectric Power Plants and to develop or acquire renewable energy projects.

REDC’s new Bukidnon facility is listed by the company as the Cabanglasan Hydropower Corp. plant in Valencia, Bukidnon, with a capacity of 18.19 MW and a commissioning date of Dec. 5, 2025.

The project has also been described as REDC’s first hydropower asset in Mindanao and its ninth facility nationwide.

REDC said its operating and developing assets are beginning to translate into stronger revenue generation as demand grows for clean and reliable power.

The company expects stronger financial performance in 2026 as recently completed and ramping projects contribute for a full year.

Management said its expanded generation capacity and pipeline of projects at various stages of development should reinforce REDC’s position as a growing player in the renewable energy sector.