Alsons Receives Higher Credit Rating from PhilRatings for P3-Billion CP Program

​Alsons Consolidated Resources, Inc. (ACR), the publicly listed company of the Mindanao-focused Alcantara Group, has received a "PRS Aa (corp.) Issuer Credit Rating with a Stable Outlook" from the Philippine Rating Services Corporation (PhilRatings). This marks an improvement from last year's PRS Aa—rating and covers ACR's P3-billion Commercial Paper Program, of which P1.156 billion remains outstanding as of November 17, 2025.

PhilRatings cited ACR's strategic partnerships, diversified business portfolio in power and land development, expansion initiatives, and consistent profitability supported by positive operating cash flows as major factors for the rating.

A PRS Aa rating differs only to a small degree from the highest rated corporates, and reflects a strong and reliable capacity to meet financial obligations compared to other Philippine corporates. The Stable Outlook indicates that the rating is expected to be maintained over the next 12 months.

"The higher credit rating from PhilRatings reflects confidence in the Group's purpose, business stability, financial strength, and strategic direction. The trust bestowed upon us amplifies our motivation in providing a more efficient, reliable and sustainable energy in the regions we serve. Our expansion in various hydro and solar power projects in Mindanao and the Visayas reinforce our position as a trusted energy partner," said ACR Chief Financial Officer Roberto Joaquin P. Ramos.

Currently, ACR has six power plants across Visayas and Mindanao, with an installed capacity of approximately 515 megawatts (MW). The Company's portfolio includeds the Sarangani Energy Corporation (SEC) in Sarangani, Western Mindanao Power Corporation (WMPC) in Zamboanga City, Mapalad Power Corporation in Iligan (MPC Iligan), Mapalad Power Corporation in Ubay (MPC Ubay), Southern Philippines Power Corporation (SPPC) in Alabel, and the Siguil Hydro Power Corporation (SHPC) in Sarangani.

In 2025, ACR is focused on expanding and diversifying its power portfolio with a pipeline of new hydro and conventional projects, complemented by solar developments. Once completed, these projects will not only increase ACR's total capacity but broaden the Company's generation mix, boost renewable capacity, and improve supply reliability across Mindanao and the Visayas.

One of ACR's key initiatives is the repurposing of SPPC, its 55 MW diesel facility in Sarangani, into a solar installation. This project recently secured a win in the Department of Energy'ss Green Energy Auction Program (GEAP) 4, a long-term market mechanism that guarantees offtake through competitive, fixed-rate renewable energy contracts, ensuring stronger project bankability and greater revenue certainty.

Further, the Company recently completed its backup power project in Bohol, which has helped enhance supply reliability in the Visayas Grid.

These developments stengthen the Company's operations across the region, especially following the full energization of the Mindanao-Visayas Interconnection Project (MVIP) in 2024.

For the first nine months ending September 30, 2025, ACR posted a stable P8.90 billion in revenue, with net income reaching P1.82 billion. Operating cash flows remained strong at P1.80 billion with cash and cash equivalents at P2.35 billion.

ACR is the investment holding company of the Alcantara Group, with core interest in power generation and land development. The Company is supplying an increasing share of electricity to the Visayas and Mindanao grids and is further expanding its renewable energy footprint through various hydro and solar projects. These initiatives underscore ACR's commitment to supporting regional growth and advancing the country's transition toward cleaner and more sustainable energy resources.