Vivant Corp. reported a 4-percent increase in net income attributable to equity holders of the parent at P2.4 billion in 2024 compared to P2.3 billion in 2023.
The company attributed the growth to higher sales volumes from power generation assets, retail electricity supply and solar rooftop businesses.
Of the total net income from Vivant’s business units, power generation accounted for the majority at 64 percent or P2.2 billion, while its power distribution utility contributed 36 percent or P1.2 billion and retail electricity accounted for P22.3 million or 1 percent of the total income.
Vivant said its water business is expected to meaningfully contribute in the medium term.
The company posted consolidated revenues of P12.2 billion in 2024, a 47.3-percent jump from P8.28 billion in 2023.
“Beyond 2024, we have established a pipeline of projects which will enable us to continue improving the lives of our fellow Filipinos. In energy, we have planned a more balanced portfolio of conventional and renewable energy projects, designed to provide reliable and sustainable power to our customers,” said Arlo Sarmiento, Vivant chief executive officer, in a statement on Monday.
“In water, we have earmarked investments across the value chain centered on desalination and wastewater treatment to address the needs of the communities we serve,” Sarmiento added.
Vivant is developing what is set to be the first utility scale seawater desalination facility in the Philippines. Once completed, the facility will benefit around 20,000 households in Metro Cebu with a sustainable, climate-resilient source of water.
The company currently has a total energy capacity of around 382 megawatts and is considered as among the largest power providers in off-grid areas.
