Manila Electric Company (PSE:MER)
Philippines flag Philippines · Delayed Price · Currency is PHP
547.00
+16.00 (3.01%)
At close: Aug 22, 2025, 2:45 PM PST

Manila Electric Company Income Statement

Millions PHP. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 2021FY 20202016 - 2020
Period Ending
Jun '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2016 - 2020
478,104470,362443,612426,529318,547275,304
Upgrade
Revenue Growth (YoY)
4.79%6.03%4.00%33.90%15.71%-13.51%
Upgrade
Fuel & Purchased Power
367,762358,239344,381345,222233,708204,420
Upgrade
Operations & Maintenance
2,0522,2251,8811,9061,103-
Upgrade
Selling, General & Admin
498418337278200222
Upgrade
Depreciation & Amortization
16,87817,52916,62516,03112,4998,555
Upgrade
Provision for Bad Debts
4418499982,498506-
Upgrade
Other Operating Expenses
42,19139,66836,20934,58231,01723,763
Upgrade
Total Operating Expenses
429,822418,928400,431400,517279,033238,787
Upgrade
Operating Income
48,28251,43443,18126,01239,51436,517
Upgrade
Interest Expense
-6,636-4,474-4,549-3,968-3,524-508
Upgrade
Interest Income
3,4883,7383,1701,9151,8312,175
Upgrade
Net Interest Expense
-3,148-736-1,379-2,053-1,6931,667
Upgrade
Income (Loss) on Equity Investments
13,30610,26711,47912,0353,1271,233
Upgrade
Currency Exchange Gain (Loss)
-6185-441,011487-839
Upgrade
Other Non-Operating Income (Expenses)
-1,132-4,466-6,448-1,769-8,440-16,163
Upgrade
EBT Excluding Unusual Items
57,30256,68446,78935,23632,99522,415
Upgrade
Pretax Income
57,30256,68446,78935,23632,99522,415
Upgrade
Income Tax Expense
9,48810,2148,1116,6488,9126,266
Upgrade
Earnings From Continuing Ops.
47,81446,47038,67828,58824,08316,149
Upgrade
Minority Interest in Earnings
-761-611-655-157-585167
Upgrade
Net Income
47,05345,85938,02328,43123,49816,316
Upgrade
Net Income to Common
47,05345,85938,02328,43123,49816,316
Upgrade
Net Income Growth
10.42%20.61%33.74%20.99%44.02%-29.93%
Upgrade
Shares Outstanding (Basic)
1,1271,1271,1271,1271,1271,127
Upgrade
Shares Outstanding (Diluted)
1,1271,1271,1271,1271,1271,127
Upgrade
EPS (Basic)
41.7540.6933.7425.2320.8514.48
Upgrade
EPS (Diluted)
41.7540.6933.7425.2320.8514.48
Upgrade
EPS Growth
10.42%20.61%33.74%20.99%44.02%-29.93%
Upgrade
Free Cash Flow
-34,8212,86033,174-8,48116,92110,210
Upgrade
Free Cash Flow Per Share
-30.902.5429.44-7.5315.019.06
Upgrade
Dividend Per Share
25.06424.03119.76016.84015.29012.520
Upgrade
Dividend Growth
16.39%21.61%17.34%10.14%22.13%18.47%
Upgrade
Profit Margin
9.84%9.75%8.57%6.67%7.38%5.93%
Upgrade
Free Cash Flow Margin
-7.28%0.61%7.48%-1.99%5.31%3.71%
Upgrade
EBITDA
64,49468,49159,38241,62552,01345,072
Upgrade
EBITDA Margin
13.49%14.56%13.39%9.76%16.33%16.37%
Upgrade
D&A For EBITDA
16,21217,05716,20115,61312,4998,555
Upgrade
EBIT
48,28251,43443,18126,01239,51436,517
Upgrade
EBIT Margin
10.10%10.94%9.73%6.10%12.40%13.26%
Upgrade
Effective Tax Rate
16.56%18.02%17.34%18.87%27.01%27.95%
Upgrade
Revenue as Reported
478,104470,362443,612426,529318,547275,304
Upgrade
Source: S&P Global Market Intelligence. Utility template. Financial Sources.