Repower Energy Development Corp. (REDC) rode strong hydro conditions in the first half of 2025, powering a 58 percent surge in net income to P152.20 million from P96.58 million a year earlier.
“2025 is shaping up to be a banner and transformative year for REDC, proving that efficient operations and dependable hydro resources can power both the community and the company's strong financial results,” REDC President and CEO Eric Y. Roxas said in a Tuesday stock exchange disclosure.
Clean energy output increased by 29 percent to 59.77 million kWh, up from 46.32 million kWh, resulting in a 28 percent rise in revenues to P359.61 million from P281.35 million.
The company attributed its performance to favorable hydrological conditions, minimal natural disasters, and steady expenses resulting from tighter plant operations, high availability, proactive maintenance, and procurement efficiencies.
With the Cabanglasan Hydropower Plant in Bukidnon on track for commissioning in the third quarter, REDC expects to more than double its generation capacity and further grow revenues.