Citicore Renewable Energy Corporation has declared cash dividends of Php 250 million, marking its first dividend since its public listing in June 2024. This reflects the company's strong earnings performance and commitment to rewarding shareholders while pursuing growth in renewable energy.
Citicore Renewable Energy Corporation (CREC) announced a 58% increase in net income to Php 364 million for the first quarter of 2026, driven by strong electricity sales which accounted for 85% of total revenues. The company's EBITDA also rose by 53% to Php 593 million, reflecting improved profitability from its expanding renewable energy portfolio.
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.