ACEN income plunges 60% as output fails to offset soft spot prices - BusinessWorld Online

ACEN income plunges 60% as output fails to offset soft spot prices - BusinessWorld Online

ACEN CORP.’S consolidated net income plunged by 60% in 2025 as lower power prices in the spot market and operational headwinds offset a double-digit increase in renewable energy output. The Ayala-led energy company reported that its consolidated net income declined to P3.8 billion from P9.36 billion the previous year, while statutory revenues dropped 14% to P32 billion. “Profitability was weighed down by softer spot prices in the Philippines and…