Maynilad earnings up 14% in 6 months
Maynilad Water Services reported a 14 percent increase in net income for the first half of 2026, reaching P8.51 billion. The growth was driven by improved operational efficiency, reduced water losses, and higher billed volumes.
Why it matters
Strong financial performance in utility sectors is critical for infrastructure investment and service reliability in urban areas.
MANILA, Philippines - West Zone concessionaire Maynilad Water Services, Inc. recorded a 14 percent increase in earnings in the first half of 2026, driven by improvements in its water services.
The Pangilinan-led water service provider said its net income rose to P8.51 billion in the January to June period from P7.47 billion in the same period last year, due to lower interest expenses and taxes.
The company's consolidated revenues reached P19.11 billion, up by 4.1 percent from P18.35 billion, driven by higher billed volumes and continued customer growth.
"We improved water service coverage, reduced water losses, expanded wastewater and sanitation coverage and sustained investments in infrastructure and network reliability," Maynilad president and CEO Ramoncito Fernandez said in a press briefing.
He added that operational gains during the period supported the company's financial performance and strengthened its ability to continue investments in its concession area.
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