Massive drop in SPNEC's Q1 net income

Massive drop in SPNEC's Q1 net income

SP New Energy Corp. (SPNEC) reported a decline in its first-quarter net income for the year.In a disclosure to the Philippine Stock Exchange (PSE), SPNEC said its total net income during the first three months of 2025 slid to ₱12.4 million, which is a significant drop from its figure last year at ₱156.6 million.While the company recorded a substantial drop in its net income, it noted that its solar power assets have yet to incur higher outputs f…