Alsons Consolidated Resources (ACR), the publicly listed company of the Alcantara Group, posted a 14% increase in revenues to ₱2.99 billion in the first quarter of 2025, up from ₱2.62 billion in the same period last year.
The growth was driven primarily by the strong performance of Sarangani Energy Corporation and the contributions of Western Mindanao Power Corporation and Mapalad Power Corporation through their Ancillary Services Procurement Agreements.
Other contributors to the company’s revenue growth include the Siguil Hydro Power Corporation (SHPC) and Alsons Power Supply Corporation, its Retail Electricity Supply (RES) unit. SHPC, the company’s 14.5-Megawatt hydropower facility in Maasim, commenced commercial operations in 2024 and currently operates as a must-run facility in the Wholesale Electricity Spot Market. In 2024, ACR officially entered the Retail Competition and Open Access (RCOA) market, securing key clients like Holcim Philippines and Metro Retail Stores Group, Inc.
ACR’s Gross Profit Margin held steady at 37% in Q1 2025, showing an improvement from 34% in Q1 2024. This resulted in a gross profit of ₱1.1 billion, compared to ₱894 million the previous year, indicating enhanced cost efficiency and consistent revenue growth.
Despite the revenue growth, net income slightly dipped to ₱472 million from ₱479 million in Q1 2024 due to higher finance costs and administrative expenses. Net income attributable to the Parent Company stood at ₱137 million, down from ₱150 million.
“We are optimistic that our performance will return to its upward trajectory, and we are confident that we will surpass our 2024 results,” said ACR Deputy Chief Financial Officer Philip Edward B. Sagun.
ACR continues to strengthen and diversify its power portfolio through a pipeline of hydro and solar projects at various levels of development. It is also focused on growing the customer base of its RES unit as the company expands its market presence.
