Table of Contents
Alsons Consolidated Resources Inc. (ACR), the listed energy arm of the Alcantara Group, reported a 15-percent increase in consolidated net income for the January-to-March period to ₱543.335 million from ₱472.173 million a year earlier.
In a disclosure, the company said consolidated revenues climbed 12 percent to ₱3.355 billion from ₱2.985 billion in the same quarter last year, driven mainly by sustained electricity demand in Mindanao, where several of its power assets operate.
Net income attributable to the parent company also posted stronger growth, rising 64 percent to ₱223 million from ₱137 million in the first quarter of 2025.
Rising Demand
ACR said Sarangani Energy Corp. remained the company’s main contributor to revenue and earnings during the quarter, benefiting from continued demand for electricity in Mindanao.
The company also cited the growing contribution of its Retail Electricity Supply (RES) business, which now supplies 118 megawatts to customers. Participation in the Wholesale Electricity Spot Market (WESM) likewise supported earnings growth during the period.
“The current geopolitical tensions have caused major economic shifts not only for the Philippines, but in other economies around the world. Yet amid this evolving landscape, our commitment to powering communities with care remains steadfast,” ACR chief finance officer Roberto P. Ramos said.
Ramos said the company continued to prioritize operational reliability and disciplined execution despite changing market conditions and external economic pressures.
“Despite the challenging global environment and the shifting market conditions, we remain focused on reliable operations, disciplined execution, and prudent cost management to ensure that we continue delivering value to our customers and stakeholders,” he added.
Solar Projects Advance
Amid rising power demand in Mindanao, Alsons said it is continuing development work on two large-scale solar projects in the region as part of efforts to expand its renewable energy portfolio.
The company did not provide updated timelines for the projects, but said substantial progress was being made. The planned facilities are expected to strengthen the company’s overall generation capacity while increasing its exposure to renewable energy.
The expansion comes as energy companies continue to invest in additional capacity to support growing industrial, commercial, and residential demand in Mindanao, which has seen improving economic activity in recent years.
Alsons said the latest financial performance underscored the stability and resilience of the Alcantara Group despite prevailing global uncertainties.
Volatile Market Conditions
The company’s first-quarter performance came amid heightened geopolitical tensions and continued volatility in global markets, which have affected energy prices, supply chains and broader economic activity.
Despite these headwinds, Alsons maintained that its diversified energy operations and prudent cost management strategies helped cushion the impact of external risks.
The company has continued to pursue a mix of conventional and renewable energy projects as part of its long-term strategy to support energy security and meet rising electricity requirements in Mindanao.
Shares in Alsons closed lower on Friday, slipping ₱0.02 to ₱0.79 apiece.
Source:
https://business.inquirer.net/590648/alsons-posts-15-rise-in-q1-net-income
https://tribune.net.ph/2026/05/15/mindanao-energy-demand-pushes-alsons-profit-up-15
