Alternergy financials surge in busy Fiscal Year 2025

​Renewable power pioneer Alternergy Holdings Corporation (ALTER) wrapped up its fiscal year ending June 30, 2025 on another strong growth momentum, its third in a row since its 2023 IPO Listing. Among the highlights are: Consolidated Assets more than doubled to P17.9 Billion in FY 2025 from P8.7 Billion in FY 2024, brought by four wind, solar and hydro projects under construction under its Triple Play Portfolio; healthy cash position of P6 Billion, double from last year, accounting for 35% of Total Assets, ready for deployment for remaining construction funding; revenues grew to P360 Million, up 31% from FY2024 and double from P171 million in FY2023; and net income rose to P165 Million, up 28% from FY 2024 and more than 4 times from FY 2023.

​Balance Sheet doubled during FY 2025

ALTER’s consolidated assets as of June 2025 surged by 105% to P17.9 billion from P8.7 billion a year ago, as the group accelerated construction of its Triple Play Portfolio of 4.6 MW Dupinga run of river, 28 MW Solana Balsik solar, 128 MW Tanay Wind and 64MW Alabat Wind Projects.

ALTER also ended June 30, 2025 with a healthy cash position of P6 billion, accounting for a third of total consolidated assets, which will be infused to the four projects under construction to ensure completion by 4Q2025 and 1Q2026.

Operating assets drove income growth

ALTER reported a 27% increase in consolidated net income to P165 million for the year ended June 30 2025, improving from P130 million in FY2024 and more than 3 times from P38 million in FY2023. Its operating solar and wind assets brought higher revenue and income growth.

The Company saw earnings before interest, taxes, depreciation and amortization (“EBITDA”) grow by 29% to P399 million during FY2025 from P310 million in FY2024 or more than double from P180 million in FY2023.

ALTER one of the fastest growing RE Developers in the country

“We are pleased to report strong performance for the third year in a row after our public listing. Our operating assets continue to contribute significant margins. We expect that once the ongoing construction of the four projects are completed by the end of 2025 and early 2026, there will be a substantial boost in ALTER’s financial standing,” Gerry P. Magbanua, President of ALTER said.

“Together with our operating projects steadily generating revenues, our projects under construction and the new pipeline of projects being put together, we are positively increasing value to our shareholders as one of the fastest growing renewable energy developers in the country,” Mr. Magbanua added.

Alternergy is a renewable power pioneer with a portfolio of project companies engaged in different RE projects, particularly wind, run-of-river hydro, solar farm and commercial rooftop, battery storage and offshore wind projects.

With robust expansion plans in the next two years, Alternergy aims to develop up to 500MW of additional wind, solar, and run of river hydro projects.

Alternergy’s management team is comprised of a pioneering group of RE advocates led by former energy secretary Vince Pérez, Gerry Magbanua, Knud Hedeager, Eduardo Martinez Miranda, Michael Lichtenfeld, Atty. Ina Arriola, Annette Rafael and Carmen Diaz.
Alternergy (ALTER) debuted at the Philippine Stock Exchange as the first initial public offering (IPO) in March 2023. In August 2024, ALTER has been included in the PSE Industrial Index. In December 2024, ALTER issued first dividend payments to its preferred shareholders, including the Government Service Insurance System (GSIS) in the amount of P118 million.