Alsons Delivers 15% Q1 Net Income Growth

Alsons Consolidated Resources Inc., the listed company of the Alcantara Group, delivered strong financial results in the first quarter of 2026, posting a 15% increase in net income to Php543 million from Php472 million in the same period last year, despite heightened volatility in the global business environment.

Net income attributable to the parent company surged by 64% to Php223 million, up from Php137 million in the same period in 2025. Meanwhile, consolidated revenues grew by 12% to Php3.36 billion from Php2.99 billion, driven by the strong demand for electricity in Mindanao.

“The current geo-political tensions have caused major economic shifts not only for the Philippines, but in other economies around the world. Yet amid this evolving landscape, our commitment to powering communities with care remains steadfast,” said Roberto P. Ramos, Chief Finance Officer.

Sarangani Energy Corporation remains the primary driver of revenue and earnings for Alsons. Other key contributors to the company’s strong financial performance include its Retail Electricity Supply unit, which currently supplies 118 MW to customers, as well as its improved participation in the Wholesale Electricity Spot Market (WESM).

“Despite the challenging global environment and the shifting market conditions, we remain focused on reliable operations, disciplined execution, and prudent cost management to ensure that we continue delivering value to our customers and stakeholders,” he added.

Alsons’ strong growth reflects the financial strength and stability of the Alcantara Group amid economic uncertainties. The company is also making significant progress on its two large-scale solar projects in Mindanao, further strengthening its power portfolio and expanding its renewable energy capacity.