Manila Electric Company (PSE:MER)
Philippines · Delayed Price · Currency is PHP | Market Cap | 477.89B -22.3% |
| Revenue (ttm) | 535.82B +12.1% |
| Net Income | 53.79B +14.3% |
| EPS | 47.72 +14.3% |
| Shares Out | 1.13B |
| PE Ratio | 8.89 |
| Forward PE | 9.13 |
| Dividend | 28.00 (6.79%) |
| Ex-Dividend Date | Aug 27, 2026 |
| Volume | 244,710 |
| Open | 424.20 |
| Previous Close | 424.00 |
| Day's Range | 411.40 - 426.60 |
| 52-Week Range | 410.00 - 679.50 |
| Beta | 0.05 |
| Analysts | Buy |
| Price Target | 628.98 (+52.59%) |
| Est. Earnings | Oct 28, 2026 |
About Manila Electric Company
Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines. It operates in Power and Other Services segments. The company generates power with a total capacity of 2,436 megawatts of coal, liquid natural gas, renewable, and diesel plants. It offers power to industrial, commercial, and residential customers in cities and municipalities, including Bulacan, Cavite, Metro Manila, and Rizal, as well as cities, municipalities, and barangays in the provinces of Batangas... [Read more]
Financial Performance
In 2025, Manila Electric Company's revenue was 497.33 billion, an increase of 5.73% compared to the previous year's 470.36 billion. Earnings were 51.13 billion, an increase of 11.49%.
Financial StatementsAnalyst Summary
According to 11 analysts, the average rating for MER stock is "Buy." The 12-month stock price target is ₱628.98, which is an increase of 52.59% from the latest price.
News
Manila Electric Company Transcript: Transcript
First half 2026 saw 3.8% CC&I and 11% net income growth, with power generation and RES segments expanding their share. Regulatory risks and tariff reset delays remain, but strong financial flexibility and major investments in renewables and storage support positive outlook.
Manila Electric Company Earnings Call Transcript: Q1 2026
Q1 2026 saw 2% core net income growth to PHP 11.4B, with power generation's share rising to 45% of CCNI. Revenues increased 5% to PHP 120.8B, while DU volumes fell due to cooler weather and conservation. Major solar and battery projects advanced, and regulatory changes impacted cash flows.
Manila Electric Company Slides: Q1 2026
Manila Electric Company has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 4, 2026.
Manila Electric Company Earnings release: Q1 2026
Manila Electric Company released its Q1 2026 earnings on May 4, 2026, summarizing the period's financial results.
Manila Electric Company Earnings Call Transcript: Q4 2025
Core net income rose 12% to PHP 50.6B, with power generation's share surging to 33% on strong LNG and renewables growth. Distribution volumes were flat, but operational reliability and customer count improved. Cautious demand outlook persists, but major solar and LNG projects are set to drive future growth.
Manila Electric Company Slides: Q4 2025
Manila Electric Company has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on February 25, 2026.
Manila Electric Company Earnings release: Q4 2025
Manila Electric Company released its Q4 2025 earnings on February 25, 2026, summarizing the period's financial results.
Manila Electric Company Earnings Call Transcript: Q3 2025
Core net income rose 14% to PHP 40B, driven by strong power generation and steady distribution. Power generation's share of earnings surged, while DU sales dipped slightly due to weather and vacancies. Capex focused on solar and network upgrades, with robust liquidity and improved reliability metrics.
Manila Electric Company Slides: Q3 2025
Manila Electric Company has posted slides in relation to its Q3 2025 quarterly earnings report, which was published on October 26, 2025.
Manila Electric Company Earnings release: Q3 2025
Manila Electric Company released its Q3 2025 earnings on October 26, 2025, summarizing the period's financial results.