Manila Electric Company (PSE:MER)
Philippines
· Delayed Price · Currency is PHP | Market Cap | 574.25B |
| Revenue (ttm) | 470.36B |
| Net Income (ttm) | 45.86B |
| Shares Out | 1.13B |
| EPS (ttm) | 40.69 |
| PE Ratio | 12.52 |
| Forward PE | 12.27 |
| Dividend | 24.03 (4.95%) |
| Ex-Dividend Date | Mar 11, 2025 |
| Volume | 417,250 |
| Average Volume | 275,609 |
| Open | 490.00 |
| Previous Close | 485.00 |
| Day's Range | 482.40 - 509.50 |
| 52-Week Range | 345.20 - 520.00 |
| Beta | 0.19 |
| RSI | 58.90 |
| Earnings Date | Feb 26, 2025 |
About Manila Electric Company
Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines. The company operates in Power and Other Services segments. It offers power to approximately 7.8 million industrial, commercial, and residential customers in 38 cities and 73 municipalities, including Metro Manila, and the provinces of Rizal, Cavite, and Bulacan, as well as parts of the provinces of Pampanga, Batangas, Laguna, and Quezon; distributes power to customers in Clark Special Economic Zone; and... [Read more]
Financial Performance
In 2024, Manila Electric Company's revenue was 470.36 billion, an increase of 6.03% compared to the previous year's 443.61 billion. Earnings were 45.86 billion, an increase of 20.61%.
Financial StatementsNews
Meralco sales steady despite tepid demand in Jan–exec
The Manila Electric Co. (Meralco) finished the first month of the year with a consolidated energy sales of 4,061 gigawatt hours (GWh).
Meralco radiates communications excellence at 60th Anvil Awards
Manuel V. Pangilinan-led Manila Electric Company (Meralco) exemplified communications excellence at the recent 60th Anvil Awards as it took home ten (10) Silver Anvils.
Meralco asks suppliers for help by summer
THE Manila Electric Co. (Meralco) strongly urged power suppliers to assist the utility firm in sourcing additional capacity for summer months when demand is expected to increase by 900 megawatts (MW).
Radius center to block DDos attacks
Radius Telecoms Inc. (Radius), a subsidiary of Manila Electric Co., has expanded its cybersecurity defenses with the launch of a distributed denial of service (DDoS) scrubbing center at its internatio...
ERC eyeing to finish rate reset, after drawing flak
UNDER fire from lawmakers for the delays in the rate resets for the Manila Electric Company (Meralco) and the National Grid Corporation of the Philippines (NGCP), the Energy Regulatory Commission (ERC...
Meralco Foundation energizes water facility in Cotabato
One Meralco Foundation (OMF), the social development arm of the Manila Electric Company (Meralco), has energized the water system of an underserved community in South Cotabato.
Meralco ready to power 2025 elections
Manuel V. Pangilinan-led Manila Electric Company (Meralco) recently participated in the 2025 mock elections organized by the Commission on Elections (COMELEC) in a bid to ensure reliable and stable el...
ERC to review Meralco refund bid
The Energy Regulatory Commission (ERC) said on Wednesday it will act immediately on a newly filed application of the Manila Electric Co. (Meralco) since this involves a refund to its customers amounti...
Meralco bags award from PAWS
The Manila Electric Co. (Meralco) was recognized by the Philippine Animal Welfare Society (PAWS) for its contributions to promoting animal welfare.
MPower, SM seal supply deal
Manila Electric Co. (Meralco), through its retail electricity supply arm MPower, has inked a partnership with SM Retail, Inc. to supply 100 percent renewable energy to the retail conglomerate’s larges...
Meralco to tap ₱75 billion credit line
THE Manila Electric Co. (Meralco) will tap a P75-billion credit facility from local banks to mainly support the company’s gas investment in Chromite Gas Holdings, Inc.
MPower, ABS-CBN sign new supply deal
MPower, the local retail electricity supplier of the Manila Electric Co. (Meralco), will continue supplying power to ABS-CBN Corp., covering its main buildings in Quezon City.
Power rates drop to P11.74/kWh
THE Manila Electric Company (Meralco) announced Monday that the poser rate this month was slashed by P0.2189 per kiloWatt hour (kWh), bringing the overall rate for a typical household to P11.7428 from...
Meralco rate cut seen in January
A REDUCTION in electricity rates is possible this month as generation charge, which makes up bulk of the Manila Electric Company’s (Meralco) bill, may register a decrease.
MSpectrum energizes solar facility
MSpectrum Inc., a wholly owned solar subsidiary of the Manila Electric Co. (Meralco), has energized a 33 kilowatt-peak (kWp) solar rooftop facility worth P2.5 million for General Trias Water Corp. (GT...
Meralco intensifies wire clearing operations in preparation for Traslacion
Manuel V. Pangilinan-led Manila Electric Company (Meralco) conducts wire clearing operations in the streets of Quiapo, Manila days ahead of the Feast of Jesus Nazareno on January 9, 2025 when millions...
NGCP rate reset, Meralco refund regulator’s priorities
THE rate reset review for system operator National Grid Corp. of the Philippines (NGCP) and the lapsed period rate refund of the Manila Electric Co. (Meralco) are the key priorities that the Energy Re...
ERC to revisit Meralco’s PSA with 2 subsidiaries of SMC Global Power
THE Energy Regulatory Commission (ERC) will re-evaluate the power supply agreements (PSA) of the Manila Electric Company (Meralco) with two subsidiaries of SMC Global Power—South Premiere Power Corp. ...
Meralco to electricity users: Observe safety practices
THE Manila Electric Company (Meralco) has reminded the public to observe electrical safety as preparations for New Year festivities go on full swing.
Meralco sees 6.3% hike in sales volume
MANILA Electric Co. (Meralco) expects its consolidated sales volume to expand by 6.3 percent in 2024, projecting an increase from 51,044 gigawatt-hours (GWh) in 2023 to a forecasted 54,259 GWh, primar...
‘Nod for Meralco PSA premature’
The Energy Regulatory Commission (ERC) has denied the joint application of the Manila Electric Co. (Meralco) and Masinloc Power Co. Ltd. (MPCL) for provisional approval of their 15-year power supply a...
Meralco eyes ₱50B for upgrades
THE Manila Electric Co. (Meralco) may earmark as much as P70 billion to improve its distribution network and roll out smart meters, among others, over the next five years.
Meralco, cops join hands vs cable, electric meter thieves
THE Manila Electric Company (Meralco) and the National Police (PNP) will work together to address the rampant theft of electricity distribution facilities, particularly electric meters.
Meralco: December rates to rise
The Manila Electric Co. (Meralco) is increasing power rates in December by P0.1048 per kilowatt hour (kWh), bringing the overall rate to P11.9617 per kWh from the previous month’s P11.8569 per kWh.
Meralco rates up this month by P0.10/kWh
The Manila Electric Company (Meralco) is increasing power rates this month by P0.1048 per kilowatt hour (kWh), bringing the overall rate to P11.9617 per kWh from the previous month’s P11.8569 per kWh.