Vivant Corporation reported a 21% increase in consolidated core net income (CCNI) to PHP 2.7 billion in 2025, driven by the strong performance of its power generation business.

Accounting for non-core items, Net Income Attributable to Equity Holders of the Parent (NIAT) also reached PHP 2.7 billion, reflecting a 15% year-on-year increase.

The company’s power generation segment remained the largest contributor to earnings, accounting for about 69% of total net income, with contributions rising 15% to PHP 2.5 billion.

Meanwhile, its distribution business through a 35% stake in Visayan Electric Company (VECO) contributed PHP 1.1 billion, although this was 13% lower year-on-year due to a one-time regulatory refund to customers and losses related to Typhoon Tinio.

Vivant’s retail electricity supply arm, Corenergy, recorded an 18% increase in energy volumes sold to 303 GWh, supported by preparations for the expected lowering of the contestability threshold to 100 kilowatts. However, the segment posted a loss contribution due to higher power costs during the year.

The company also began generating earnings from its renewable energy investments following the acquisition of a stake in Samal Solar Renewable Energy Corporation (SSREC), which operates a solar facility in Bataan. The project contributed PHP 3 million to the company’s bottom line, representing three months of operations.

Supporting the company’s overall performance were gains from the Reserve Market (RM), where revenues more than doubled compared to the previous year as nominations from its conventional plants increased significantly. These gains helped offset an 11% decline in total energy volumes sold.

Vivant’s consolidated revenues reached PHP 12.4 billion, up 2% year-on-year, driven by higher revenues from power sales and contributions from its energy assets.

Vivant Chief Executive Officer Arlo G. Sarmiento said: “Vivant Corporation recorded a double-digit expansion in earnings in 2025 with our CCNI reaching PHP 2.7 billion, 21% 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.”

Looking ahead, the company said it will focus on expanding its retail energy footprint, strengthening its position in off-grid markets, scaling its renewable energy capacity, and growing its water business as part of its long-term strategy.

Can Vivant sustain its growth as it balances conventional energy, renewables, and water investments?

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