SPC Power 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
Revenue	2,994	3,035	2,874	2,496	2,469
Revenue Growth (YoY)	-1.33%	5.59%	15.14%	1.07%	23.71%
Fuel & Purchased Power	0.6	0.75	0.72	0.65	2.77
Operations & Maintenance	41.47	39.01	36.21	29	16.68
Selling, General & Admin	138.26	119.55	144.77	133.24	96.43
Depreciation & Amortization	8.64	10.18	7.9	3.55	9.19
Other Operating Expenses	1,008	2,480	2,199	2,090	2,033
Total Operating Expenses	1,197	2,650	2,389	2,257	2,158
Operating Income	1,798	384.74	484.89	238.99	311.15
Interest Expense	-6.55	-6.26	-5.48	-4.95	-4.47
Interest Income	205.17	190.19	159.84	27.34	34.59
Net Interest Expense	198.63	183.93	154.36	22.39	30.12
Income (Loss) on Equity Investments	502.18	810.09	587.16	925.35	867.85
Currency Exchange Gain (Loss)	23.6	42.38	-8.27	94.36	7.83
Other Non-Operating Income (Expenses)	-2.56	38.04	18.3	15.42	62.39
EBT Excluding Unusual Items	2,519	1,459	1,236	1,297	1,279
Pretax Income	2,519	1,459	1,236	1,297	1,279
Income Tax Expense	296.51	92.74	112.08	99.94	81.63
Earnings From Continuing Ops.	2,223	1,366	1,124	1,197	1,198
Earnings From Discontinued Ops.	-	179.55	46.58	80.92	-
Net Income to Company	2,223	1,546	1,171	1,277	1,198
Minority Interest in Earnings	-0.33	-63.34	-1.05	-5.14	-7.06
Net Income	2,223	1,483	1,170	1,272	1,191
Net Income to Common	2,223	1,483	1,170	1,272	1,191
Net Income Growth	49.91%	26.73%	-8.05%	6.86%	-25.74%
Shares Outstanding (Basic)	1,497	1,497	1,497	1,497	1,497
Shares Outstanding (Diluted)	1,497	1,497	1,497	1,497	1,497
EPS (Basic)	1.49	0.99	0.78	0.85	0.80
EPS (Diluted)	1.49	0.99	0.78	0.85	0.80
EPS Growth	50.02%	26.64%	-8.05%	6.86%	-25.74%
Free Cash Flow	1,691	440.93	743.11	292.4	229.66
Free Cash Flow Per Share	1.13	0.29	0.50	0.20	0.15
Dividend Per Share	-	1.200	0.600	0.200	1.150
Dividend Growth	-	100.00%	200.00%	-82.61%	43.75%
Profit Margin	74.23%	48.86%	40.71%	50.98%	48.22%
Free Cash Flow Margin	56.47%	14.53%	25.86%	11.72%	9.30%
EBITDA	1,857	463.89	578.84	323.25	397.51
EBITDA Margin	62.03%	15.29%	20.14%	12.95%	16.10%
D&A For EBITDA	59.57	79.15	93.95	84.26	86.37
EBIT	1,798	384.74	484.89	238.99	311.15
EBIT Margin	60.04%	12.68%	16.87%	9.58%	12.60%
Effective Tax Rate	11.77%	6.36%	9.06%	7.71%	6.38%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.