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SCC Semirara Mining and Power Corporation
Press Release

Semirara Mining and Power Corporation Reports ₱3.8B Net Income in Q1 2026, Down 12%

🟡 Medium Impact Negative
Semirara Mining and Power Corporation (SMPC) reported a net income of ₱3.8 billion for the first quarter of 2026, a decrease of 12% from ₱4.4 billion in the same period last year. The decline was attributed to reduced power generation and coal shipments, despite a slight increase in coal production.
AI Summary Details
Key Facts
  • Net income of ₱3.8 billion in Q1 2026, down 12% from ₱4.4 billion
  • Coal production increased 4% to 5.9 million metric tons from 5.7 million metric tons
  • Total shipments declined 4% to 4.5 million metric tons from 4.7 million metric tons
  • Average selling price for Semirara coal remained steady at ₱2,479 per metric ton
  • Total power sales decreased by 22% from 1,427 GWh to 1,120 GWh
  • 61% of total electricity sold was from contracted volumes
  • Average selling price for electricity increased by 3% from ₱4.42/KWh to ₱4.54/KWh
  • As of March 31, 2026, 49% of SMPC’s 860 MW dependable capacity was contracted
Investor Takeaway
This disclosure indicates a decline in profitability and power sales, which may raise concerns about operational performance. While coal production increased, the overall financial results reflect challenges in the market.
Market Impact
The decrease in net income and power sales could signal potential issues in demand or operational efficiency, which may concern investors. However, the stability in coal production and pricing could provide some reassurance.
Watch For
  • Future updates on power generation performance
  • Trends in coal demand and pricing
  • Impact of market conditions on future earnings
Details
Company Semirara Mining and Power Corporation
Stock Symbol SCC
Published Apr 30, 2026
Disclosure Number C03038-2026
EDGE Number 9a7609ecc3fea44f64d70b69f0a3140b
AI Analyzed Jul 11, 2026 1:30 PM
Read Full Disclosure on PSE EDGE