Below are the financial statements of Manila Electric, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of PHP | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Sale of electricity | 456.92a | 430.18a | 413.95a |
| Sale of other services | 13.44a | 13.43a | 12.58a |
| Costs and expenses | — | — | — |
| Purchased power | -346.53a | -328.25a | -322.65a |
| Salaries, wages and employee benefits | -17.97a | -16.52a | -15.84a |
| Depreciation and amortization | -17.53a | -16.63a | -16.03a |
| Coal and fuel | -11.71a | -16.13a | -22.58a |
| Contracted services | -10.04a | -10.07a | -8.44a |
| Provision for probable losses and expenses from claims - net | -6.4a | -6.85a | -5.83a |
| Taxes, fees and permits | -2.66a | -2.33a | -2.13a |
| Power plant operations and maintenance cost | -2.23a | -1.88a | -1.91a |
| Provision for expected credit losses (ECL) | -0.85a | -1a | -2.5a |
| Other expenses | -9.41a | -7.63a | -8.45a |
| Other income (expenses) | — | — | — |
| Equity in net earnings of associates and joint ventures | 10.27a | 11.48a | 12.04a |
| Interest and other financial charges | -5.3a | -5.13a | -3.75a |
| Interest and other financial income | 3.88a | 3.32a | 2.06a |
| Foreign exchange gains (losses) | 0.19a | -0.04a | 1.01a |
| Others | 2.62a | 0.83a | 3.7a |
| Income before income tax | 56.68a | 46.79a | 35.24a |
| Provision for (benefit from) income tax | — | — | — |
| Current | -12.23a | -9.15a | -4.12a |
| Deferred | -2.02a | -1.04a | -2.53a |
| Net income | 46.47a | 38.68a | 28.59a |
| Attributable to | — | — | — |
| Equity holders of the parent company | 45.86a | 38.02a | 28.43a |
| Non-controlling interests | 0.61a | 0.66a | 0.16a |
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