Alternergy Holdings Corp. on Thursday reported stable net income in fiscal year 2026, which ended last June 30, at P168.2 million compared with the P165 million in the previous year.
Consolidated revenues increased to P471.8 million and earnings before interest and taxes, depreciation, and amortization (Ebitda) rose to P553.8 million, driven by contributions from its renewable energy portfolio, including the newly commissioned 28-megawatt peak (MWp) Balsik solar project.
The Balsik solar project in Bataan generated P96.4 million in revenues, accounting for approximately 20 percent of consolidated revenues. The company’s two other solar assets-Kirahon and Palau continued to provide a substantial portion of revenues while the Pililla Wind Project recorded improved performance, supported by an increased tariff under the feed-in-tariff (FIT) program.
‘FY2026 marks an important stage in Alternergy’s growth. We are beginning to realize the returns on our portfolio investments as we build the financial and operational foundation for the next phase of our development.
The growth in revenues and Ebitda demonstrates the progress in our portfolio, while the substantial increase in our asset base shows the investments being made to bring our next wave of projects into operation,’ said Gerry Magbanua, president of Alternergy.
To date, the company has 119 MW of operating portfolio across the Philippines and the Republic of Palau. The company anticipates its operating capacity to increase to approximately 311 MW by end-2026, as its 128-MW Tanay Wind and 64-MW Alabat Wind projects advance toward commercial operations. Both projects were awarded under the DOE’s Green Energy Auction (GEA 2).
The 128-MW Tanay Wind and the 64-MW Alabat Wind are 90 percent and 85 percent complete, respectively. ‘As both projects are nearing commercial operations in a matter of months, we are approaching an important inflection point when these investments will begin contributing substantially to our operating revenues.
Our focus is on executing well, bringing these projects into commercial operation, and translating our development pipeline into long term operating assets that deliver sustainable value for the company and our stakeholders,’ Magbanua added.
The company also has a committed development pipeline with projects awarded under GEA4, including Liberty Solar, Kalandagan Solar, Alegria Wind and Tayabas North Wind, with a combined potential capacity of approximately 762 MW.