ACR profit jumps 31% to P1.7B on higher power sales

Alsons Consolidated Resources (ACR) saw its first-half net income jump 31 percent to P1.7 billion as higher energy deliveries and a growing retail electricity business helped the power producer weather rising demand, developing El Niño conditions, and geopolitical tensions.

The company reported on Friday that its net income attributable to the parent surged at an even faster pace, climbing 66 percent to P860 million from P517 million in the first six months of 2025.

The Alcantara Group’s publicly listed company also gained momentum in the second quarter, when net income soared 270 percent to P321 million from P86 million a year earlier.

ACR attributed the stronger earnings to higher energy deliveries, continued growth in its Retail Electricity Sales business, cost optimization, and operational efficiency.

The gains came as the power sector grappled with rising electricity demand and natural calamities that put some facilities offline.

“In an environment of high-power demand, economic challenges, and effects of natural calamities putting facilities offline, our priority was to keep our plants available and continue delivering reliable electricity to our customers when they needed it most,” ACR Chief Finance Officer Roberto Joaquin P. Ramos said.

“Our first-half performance demonstrates our ability to deliver on our commitments, even under challenging conditions. As we navigate the challenges and expand our presence in the electricity market, we remain true to providing dependable power to our customers while positioning the company for sustainable long-term growth,” Ramos added.

With earnings on the rise, ACR is now looking to widen its power portfolio as it positions for growing electricity requirements and a bigger renewable energy footprint.

The company is developing two large-scale solar projects in General Santos City and Sarangani, both targeted to come online in 2027.