Repower Energy Development Corp. (REDC) more than doubled its net income to PHP 226.1 million for the nine months ending September 30, 2025. This is up 110% from PHP 107.7 million in the same period last year, attributed to higher hydropower generation and tighter cost control.

Revenues rose 33% to PHP 526.7 million from PHP 396.6 million in 2024, supported by favorable weather and improved operational efficiency in the company’s hydropower plants.

For the third quarter alone, REDC earned PHP 74 million, a sharp rise from PHP 11 million last year, as quarterly revenues also climbed 43% to PHP 167 million.

The company’s board also approved a PHP 0.08 per share cash dividend for stockholders of record as of December 11, 2025, payable on January 12, 2026. The dividend will be drawn from unrestricted retained earnings and available cash based on audited 2024 financial statements.

REDC is progressing multiple hydropower builds across key regions, including the 15 MW Pulanai run-of-river project in Valencia, Bukidnon (via Cabanglasan Hydropower Corp.); several Quezon assets such as the Upper and Lower Labayat and Tignoan mini-hydro projects; and the 5 MW Tibag project in Mauban. The company also secured a Department of Energy service contract to develop a 320 MW seawater pumped-storage facility in Real, Quezon, the first of its kind in the country.

REDC said its strong results reflect improved efficiency and its continued commitment to provide regular shareholder returns.

Do you think local renewable firms like REDC can sustain this momentum as clean energy demand continues to grow?

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