Maynilad books P8.51-B profit

MANILA, Philippines — Maynilad Water Services, Inc. saw its profit climb 14 percent in the first six months of 2026 on stronger water sales and customer growth.

The group said on Tuesday its net income had reached P8.51 billion from P7.47 billion a year ago.

READ: Maynilad rates to ease slightly in Q3

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Maynilad’s revenues also increased by 4.1 percent to P19.11 billion against the previous P18.35 billion.

The firm’s water volume improved by 2.9 percent to 280.8 million cubic meters, while billed connections rose by 1.6 percent to 1.59 million.

Lower interest expenses and taxes also helped lift Maynilad’s bottom line.

In addition, nonrevenue water, which refers to the supply that is produced but not billed due to leaks, theft or other losses, improved to 29.7 percent as of end-June. This was pegged at 35 percent to 25 percent a year earlier.

“Our first-half performance reflects continued progress in improving service delivery, enhancing network efficiency, and expanding wastewater and sanitation coverage. These operational gains, supported by sustained capital investments, contributed to the company’s financial results,” said Ramoncito Fernandez president and CEO of Maynilad.

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“We remain focused on strengthening supply and network resilience and ensuring that our investments translate into better service and long-term value for our customers and stakeholders,” he added.

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For the first semester, Maynilad spent P12.89 billion to beef up its water and wastewater infrastructure, network efficiency and reliability.

At a briefing, Fernandez expressed confidence about Maynilad maintaining its growth momentum.

The CEO also reiterated Maynilad’s readiness for El Niño, a climate phenomenon linked to drought, erratic rainfall in the Philippines.

“Tightening the network [and] improving our water sources outside of Angat [dam], we have reduced the dependency on and contribution to the further decline of Angat. That’s our contribution,” he told reporters.

“We are more resilient, we are more flexible in addressing a potential reduction of supply,” Fernandez added. INQ