ACEN Corp., the Ayala-led renewable energy company, reported a consolidated net income of ₱3.3 billion for the first nine months of 2026, representing an 84% increase compared with the same period last year. The growth was supported by higher renewable energy generation, increased electricity sales, stronger power supply contracts, and additional contributions from its domestic and international projects.
The company recorded a 23% year-on-year increase in total attributable renewable energy generation, reaching 5,950 gigawatt-hours (GWh) during the January-September period. Its core attributable earnings before interest, taxes, depreciation, and amortization (EBITDA) also increased by 35% to ₱21 billion. Higher electricity sales revenues reflected the expansion of commercial operations and the continued growth of its retail electricity supply business.
In the Philippines, ACEN’s attributable renewable energy generation increased by 13% to 1,501 GWh. Improved availability across its North Luzon wind portfolio and contributions from mid-merit power supply contracts supported the growth. The company continued to strengthen its domestic operations while expanding its renewable energy portfolio through new projects and investments.
International operations also contributed significantly to the company’s performance. In Australia, attributable renewable energy generation increased by 48% to 1,303 GWh. The improvement was supported by favorable solar radiation conditions and full contributions from projects such as the Stubbo solar facility.
In India, ACEN recorded a 22% increase in renewable energy generation following the commissioning of a hybrid renewable energy project in Maharashtra. Meanwhile, its operations in the Mekong region maintained stable performance, supported by favorable wind and solar resources.
Despite the strong nine-month performance, the company reported a temporary net loss during the third quarter of 2026. The loss was primarily associated with specific asset provisions and impairment charges resulting from cabling faults. However, these factors did not significantly change its overall positive financial position for the first nine months of the year.
ACEN’s total attributable renewable energy capacity reached 7,484 megawatts (MW), including utility-scale battery energy storage system (BESS) projects currently under construction in the Philippines. Approximately 59% of its total portfolio is already operational, while the remaining capacity is at different stages of development and construction.
Commenting on the company’s performance and future priorities, ACEN President and CEO Eric Francia said the company’s growth strategy is increasingly moving towards project execution, operational excellence, and improved profitability.
Management acknowledged that rapid portfolio expansion brings higher depreciation and financing costs before projects reach their expected cash flow levels. Going forward, ACEN will focus on optimizing existing assets, improving operational performance, and maintaining disciplined capital allocation.
The company’s latest results highlight the growing contribution of renewable energy operations across multiple markets. With an expanding portfolio in the Philippines, Australia, India, and the Mekong region, ACEN is focusing on converting its investments into sustainable earnings while strengthening its position in the international renewable energy sector.
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