Greenergy Holdings Incorporated reported a revenue increase to Php1.77 million in the first quarter of 2025, up from Php1.23 million in the same period last year. This growth stemmed from its agri-tourism operations and solar energy initiatives.
However, higher operating costs totaling Php12.59 million resulted in a consolidated operating loss of Php10.81 million, compared to a Php9.73 million loss in Q1 2024. The company’s total assets slightly declined to Php1.96 billion, while cash reserves decreased by Php64.4 million, primarily due to new investments and administrative expenses.
Total equity decreased by Php13.79 million, reflecting the net loss for the quarter. A key highlight was Greenergy’s Php346 million investment in a joint venture to develop a mixed-use housing and community project in Bacolod City under the government’s Pambansang Pabahay Para sa Pilipino (4PH) housing program. The project aims to deliver 20,000 homes by 2028, with profits shared equally among the joint venture partners.
The company outlined several strategic partnerships and expansion plans:
It is collaborating with Dito Telecommunity to provide commission-based lead generation for mobile subscribers, supporting digital connectivity in the agricultural sector.
A share purchase agreement with ABS-CBN to acquire shares in U-Pay, a digital payments platform, is pending approval from the Bangko Sentral ng Pilipinas. The original closing date was June 30, 2022, indicating potential delays.
Greenergy invested in Ocean Biochemistry Technology Research, Inc., a firm engaged in manufacturing and trading with plans for pharmaceutical and nutraceutical markets, and Yakuru Group Pty. Limited in Australia, focused on medicinal hemp research and development.
Greenergy acknowledged potential financial risks, with Php1.37 billion tied up in cash, receivables, and loans to related parties, which could be vulnerable if payments are delayed. The company is monitoring its liquidity closely and has access to short-term funding, such as related party advances, if needed. Its debt-to-equity ratio rose slightly to 28% from 27% last year, indicating a stable balance between debt and investment.
Through its #GREEN2030 campaign, Greenergy aims to become carbon neutral by 2030. The company plans to expand its renewable energy footprint, build sustainable communities, and invest in emerging green technologies. Listed on the Philippine Stock Exchange, Greenergy continues to focus on sustainability-driven projects.
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