CEBU, Philippines — Consolidated revenues rose 24 percent year-on-year to P2.4 billion, supported by higher generation and solar rooftop volumes.
Operating expenses increased 19 percent to P355 million, driven by expansion-related headcount growth, professional services, and depreciation from recent asset acquisitions.
As of end-March, total consolidated assets stood at P32.8 billion, with parent equity at P20.3 billion. The company maintained a solid capital structure, with a debt-to-equity ratio of 0.50x and a current ratio of 1.80x, compared to 0.49x and 2.40x, respectively, at the close of 2024.
In March 2025, Calamian Island Power Corporation signed a 15-year power supply agreement with Busuanga Island Electric Cooperative for an additional 24 MW, initiating a plant expansion to 33.8 MW to address growing demand in Palawan.
Looking ahead, Vivant reaffirmed its commitment to expanding its renewable energy footprint and wastewater treatment capabilities.
“We are on track with our ‘30 by 30’ ambition—to have 30 percent of our energy portfolio in renewables by 2030. We continue to explore investments across the energy and water value chains to support inclusive and sustainable growth,” Sarmiento added.