Listed West Zone concessionaire Maynilad Water Services Inc. reported on Thursday that its income in January to September rose 18 percent to P11.36 billion from the previous year’s P9.63 billion, driven by higher revenues and a modest 2-percent increase in cash operating expenses.
Revenues grew 9 percent to P27.65 billion from the previous year’s P25.24 billion, after an 8-percent tariff hike implemented in January this year and the adjustment in the environmental charge to 25 percent from 20 percent.
The company said it saw a 1-percent decline in billed volume, following government restrictions on Philippine offshore gaming operators and the transfer or closure of several large commercial accounts in the West Zone.
For the third quarter alone, the company’s income went up by 15 percent to P3.91 billion from last year’s P3.39 billion, while revenues rose 8 percent to P9.3 billion from the P8.57 billion recorded a year ago.
As of end-September 2025, Maynilad’s non-revenue water level improved to 32.8
percent, from 39.3 percent in the same period last year. This reduction-equivalent to about 231 million liters of water per day recovered-is comparable to the production capacity of a large water treatment plant. The improvement was driven by intensified pipe replacement and leak-repair activities and the wider use of satellite and AI-based leak-detection technologies.
The company also continued to invest heavily in system upgrades and new water-treatment facilities under its 2023-2025 capital expenditure (capex) program.
Ramoncito S. Fernandez, the company’s president and CEO, said the company is expected to spend some P30 billion in capex next year.
The company, he said, has been allotting an average of P26 billion in spending program per year during the last three years, which were all part of the P163 billion in commitment to the government.
Fernandez said he is confident that the company will surpass its budget in income for the year.
‘Our focus is to continue improving our services to our customers within the west concession area,’ Fernandez said in a media briefing.
‘We will offer wastewater and sanitation services to our existing customers in the zone, because our service obligation is only to residential. The commercial-industrial are doing their wastewater by themselves so we can offer our services to help them in their wastewater and sanitation management.’
He said the company may also offer bulkwater services to the two Manila Bay reclamation projects, which may be finished in 10 years, and also in the adjacent Metro Manila areas in Bulacan and in Cavite.
‘So, we are a potential supplier to their treated bulk water requirements,’ Fernandez said.