Manila Water income up 24 percent in Q1

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May 9, 2026 | 12:00am

MANILA, Philippines — Razon-led Manila Water Co. Inc. posted a 24 percent increase in net income from January to March, driven by stronger revenues from its business operations throughout the country. 

The east zone concessionaire logged a net income of P4.4 billion, higher than the P3.6 billion recorded in the same period last year.

Operating revenues reached P10.6 billion, up by 11 percent from P9.5 billion as the company implemented tariff adjustments on services within Metro Manila and other parts of the country. 

“Our earnings strength shows resilience in the face of inflationary and operating headwinds, even as we continue to invest with discipline and purpose,” Manila Water president and CEO Roberto Locsin said.

Manila Water also reported that its capital expenditures for the period totaled P2.8 billion as it prioritized investments in critical infrastructure to ensure that supply and services remains reliable amid owing demand and to mitigate potential risks.

For its east zone concession, the company saw higher revenues at P8.5 billion, up by 11 percent from P7.6 billion on the back of the implemented fourth tranche of adjusted tariffs.

Earlier, the Metropolitan Waterworks and Sewerage System regulatory office approved a rate hike of P8.39 per-cubic-meter for Manila water at the start of this year. 

For business units beyond the east zone, revenues saw a nine percent growth to P2.4 billion due to rate adjustments in Clark, South Luzon and Boracay. 

Also driving top line was the higher supervision fees from projects under the company’s Laguna Water and Estate Water businesses.

Meanwhile, Manila Water said that it is strengthening preparations for the incoming El Niño, through the diversification and optimization of water sources and the enhancement of treatment and distribution capacity.

Preparations also include the deployment of contingency supply systems such as deep wells and mobile water delivery solutions.

“With economic challenges and the threat of El Niño on the horizon, we fulfill our service obligations from a position of preparedness – backed by diversified sources, reinforced assets and rigorous contingency planning,” Locsin added.