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CREC Citicore Renewable Energy Corporation
Press Release

Citicore Renewable Energy Corporation Reports 2025 Financial Growth

🟢 High Impact Positive
Citicore Renewable Energy Corporation (CREC) reported a consolidated revenue of Php 5.32 billion for 2025, a 3% increase from Php 5.1 billion in 2024. The growth was driven by strong electricity sales and operational efficiencies, including a 14% rise in net income to Php 1.15 billion.
AI Summary Details
Key Facts
  • Consolidated revenue of Php 5.32 billion in 2025, up 3% from Php 5.1 billion in 2024
  • Net income after tax increased by 14% to Php 1.15 billion from Php 1.0 billion
  • EBITDA of Php 1.81 billion, a 3% improvement from Php 1.76 billion in 2024
  • Electricity sales totaled Php 4.29 billion
  • Service fees surged by 34% to Php 325 million
  • Finance costs reduced by 19%
  • Three solar plants energized in 2025 with a combined capacity of 239 MWdc
  • Six additional solar plants with a combined capacity of 484 MWdc scheduled for energization in April 2026
  • USD 120 million investment from Pertamina New Renewable Energy for a 20% interest in CREC
  • USD 55 million financing from Pentagreen Capital
Investor Takeaway
This disclosure is material as it highlights significant financial growth and operational developments, including new partnerships and projects that may enhance future revenue.
Market Impact
The reported growth in revenue and net income, along with strategic partnerships, positions CREC favorably in the renewable energy sector, which is increasingly important given the Philippines' energy demands and transition to renewable sources.
Watch For
  • Performance of the newly energized solar plants in 2026
  • Updates on the six additional solar plants scheduled for April 2026
  • Further developments regarding partnerships and financing initiatives
Details
Company Citicore Renewable Energy Corporation
Stock Symbol CREC
Published Mar 31, 2026
Disclosure Number C02223-2026
EDGE Number 8c10a8cb8f773e9864d70b69f0a3140b
AI Analyzed Jul 11, 2026 1:57 PM
Read Full Disclosure on PSE EDGE