Manila Water Company, Inc. (PSE:MWC)
Philippines · Delayed Price · Currency is PHP 40.30
-2.00 (-4.73%)
At close: Feb 27, 2026
Manila Water Company Income Statement
Financials in millions PHP. Fiscal year is January - December.
Millions PHP. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Revenue | 38,259 | 34,855 | 28,504 | 20,641 | 19,287 |
Other Revenue | 1,922 | 1,685 | 2,135 | 2,113 | 1,148 |
| 40,181 | 36,540 | 30,639 | 22,753 | 20,435 | |
Revenue Growth (YoY) | 9.96% | 19.26% | 34.66% | 11.35% | -4.22% |
Operations & Maintenance | 532.07 | 959.02 | 964.66 | 1,147 | 744.27 |
Selling, General & Admin | 5,857 | 1,939 | 1,516 | 1,561 | 817.66 |
Depreciation & Amortization | 4,581 | 5,348 | 4,308 | 3,046 | 3,628 |
Provision for Bad Debts | - | 166.83 | 217.17 | -134.36 | 466.81 |
Other Operating Expenses | 6,119 | 8,692 | 7,990 | 8,126 | 7,083 |
Total Operating Expenses | 17,089 | 17,104 | 14,995 | 13,745 | 12,740 |
Operating Income | 23,092 | 19,435 | 15,644 | 9,008 | 7,695 |
Interest Expense | -3,376 | -3,543 | -3,759 | -2,813 | -2,466 |
Interest Income | 248.54 | 374.91 | 301.23 | 121.76 | 70.55 |
Net Interest Expense | -3,128 | -3,168 | -3,458 | -2,692 | -2,396 |
Income (Loss) on Equity Investments | 1,237 | -3,594 | -3,561 | 520.07 | 569.46 |
Currency Exchange Gain (Loss) | 15.07 | 1,127 | 54.05 | 662.48 | -347.76 |
Other Non-Operating Income (Expenses) | 471.64 | 291.68 | 307.83 | 659.29 | -48.27 |
EBT Excluding Unusual Items | 21,689 | 14,092 | 8,987 | 8,158 | 5,473 |
Gain (Loss) on Sale of Investments | - | - | - | - | -130.32 |
Gain (Loss) on Sale of Assets | 4.65 | 1,014 | -10.78 | 3 | -34.11 |
Pretax Income | 21,693 | 15,106 | 8,976 | 8,161 | 5,308 |
Income Tax Expense | 5,089 | 4,134 | 3,105 | 2,013 | 1,539 |
Earnings From Continuing Ops. | 16,604 | 10,971 | 5,871 | 6,148 | 3,769 |
Earnings From Discontinued Ops. | -0.66 | -1.01 | -0.83 | -6.36 | -14.96 |
Net Income to Company | 16,603 | 10,970 | 5,870 | 6,141 | 3,754 |
Minority Interest in Earnings | -795.32 | -470.73 | -276.89 | -218.63 | -80.81 |
Net Income | 15,808 | 10,500 | 5,594 | 5,923 | 3,673 |
Net Income to Common | 15,808 | 10,500 | 5,594 | 5,923 | 3,673 |
Net Income Growth | 50.56% | 87.71% | -5.56% | 61.24% | -18.38% |
Shares Outstanding (Basic) | 2,955 | 2,953 | 2,951 | 3,282 | 3,285 |
Shares Outstanding (Diluted) | 2,955 | 2,953 | 2,951 | 3,282 | 3,285 |
Shares Change (YoY) | 0.04% | 0.08% | -10.09% | -0.08% | 33.27% |
EPS (Basic) | 5.35 | 3.56 | 1.90 | 1.80 | 1.12 |
EPS (Diluted) | 5.35 | 3.56 | 1.90 | 1.80 | 1.12 |
EPS Growth | 50.49% | 87.56% | 5.04% | 61.38% | -38.75% |
Free Cash Flow | 4,763 | -168.86 | 2,564 | -8,174 | -1,540 |
Free Cash Flow Per Share | 1.61 | -0.06 | 0.87 | -2.49 | -0.47 |
Dividend Per Share | - | 1.674 | 1.129 | 0.999 | 0.531 |
Dividend Growth | - | 48.27% | 13.06% | 88.06% | - |
Profit Margin | 39.34% | 28.73% | 18.26% | 26.03% | 17.98% |
Free Cash Flow Margin | 11.86% | -0.46% | 8.37% | -35.92% | -7.53% |
EBITDA | 28,327 | 24,534 | 19,679 | 12,054 | 11,323 |
EBITDA Margin | 70.50% | 67.14% | 64.23% | 52.98% | 55.41% |
D&A For EBITDA | 5,234 | 5,099 | 4,035 | 3,046 | 3,628 |
EBIT | 23,092 | 19,435 | 15,644 | 9,008 | 7,695 |
EBIT Margin | 57.47% | 53.19% | 51.06% | 39.59% | 37.66% |
Effective Tax Rate | 23.46% | 27.37% | 34.59% | 24.67% | 29.00% |
Revenue as Reported | 40,181 | 36,647 | 30,710 | 22,799 | 20,530 |
Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.