PetroEnergy Records Higher 1H 2025 Revenues from Renewable Energy Projects

​Yuchengco-led PetroEnergy Resources Corporation (PERC) recorded a 15% jump in consolidated revenues to P1.99 billion for the first half of 2025, compared to P1.73 billion in the same period las year, fueled by higher electricity sales and an increase in other revenues from renewable energy (RE) operations.

​Electricity sales rose 13.03% to P1.59 billion, driven by additional generation from the commissioning and testing of the 6.6 MW initial phase of the Nabas-2 Wind Power Project in Aklan, the 27 MWDC Dagohoy Solar Power Project in Bohol, and the 19.6 MWDC San Jose Solar Power Project in Nueva Ecija. Other revenues also increased due to the completion and turn-over of the 3.002 MWp solar rooftop facility to Isuzu Autoparts Manufacturing Corporation in Laguna Technopark.

Oil revenues reached P245.99 million, slightly lower than P279.54 million in 1H 2024 mainly due to the decline in global crude oil prices from an average of US$ 83.81/bbl in 1H 2024 to US$ 71.19/bbl in 1H 2025.

Consolidated net income for the period stood at P463.75 million compared to P526.99 million last year, while net income attributable to equity holders in PERC was P251.03 million, versus P319.73 million in 2024. The decrease was mainly due to lower oil prices, higher financing costs for new RE projects, and lower WESM rates for power exported during the commissioning period.

PERC continues to expand its renewable energy portfolio with ongoing construction of the 25 MWDC Bugallon Solar Power Project in Pangasinan and the 40 MWDC.

Limbauan Solar Power Project in Isabela, expected to be completed by the end 2025.