# Aboitiz Power Posts P26.2-Billion Nine-Month Profit on Generation Strength

> Aboitiz Power's net income climbed 13% to P26.2 billion in the first nine months of 2026, helped by the CBK hydropower complex and new solar farms.

- Published: 2026-10-29T14:01:47+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-29/aboitiz-power-nine-month-profit-rise
- Source: [Inquirer](https://business.inquirer.net/618727/aboitiz-power-9-mo-profit-rises-to-p26-2b)

## Key takeaways

- Aboitiz Power's net income rose 13% to P26.2 billion from January to September 2026.
- Energy sold by its generation and retail electricity supply units reached 35,105 GWh, up 9%.
- Aboitiz Power held 24.30% of the national grid's installed generating capacity as of June, per the Energy Regulatory Commission.

Aboitiz Power Corp. Reported a 13-percent rise in net income to P26.2 billion for the first nine months of 2026, up from P23.3 billion a year earlier, on a stronger electricity generation segment. The [Inquirer](https://business.inquirer.net/618727/aboitiz-power-9-mo-profit-rises-to-p26-2b) reported the results on October 29, 2026. Aboitiz Power is a Philippine power generator and distributor whose portfolio spans renewable and non-renewable plants.

## Aboitiz Power's Generation and Sales Gains

Core earnings climbed 11 percent to P25.5 billion from P23.1 billion, and earnings before interest, taxes, depreciation, and amortization stood at P63.7 billion, up 13 percent from P56.3 billion. The company attributed the improvement to its generation segment, citing better power prices and higher contracted capacity.

Added capacity from the Caliraya-Botocan-Kalayaan Hydroelectric Power Plant Complex and the activation of new solar farms also lifted the business, even as its coal facilities performed more weakly. Aboitiz Power won the CBK plants in Laguna last year with a P36.266-billion offer, adding about 796 megawatts of capacity.

Energy sold by its generation and retail electricity supply units totaled 35,105 gigawatt hours, up 9 percent from 32,138 GWh. The distribution business sold 5,576 GWh, up 8 percent from 5,167 GWh. Total consolidated assets stood at P647.8 billion at the end of September.

Aboitiz Power remained the country's top power generator, accounting for 24.30 percent of the national grid's installed generating capacity as of June, according to Energy Regulatory Commission data cited by the Inquirer. In August, the company said it was taking a fresh look at nuclear technology after signing a pact with South Korea's Korea Hydro & Nuclear Power Co., Ltd. To explore its potential in the Philippine market. Under the deal, the parties would launch pre-feasibility studies, share information, and conduct capacity-building activities on nuclear technologies.

## Aboitiz Power's Nuclear and Solar Moves

In August 2026, Aboitiz Power signed a memorandum of understanding with Korea Hydro & Nuclear Power Co. In South Korea to explore nuclear energy's potential in the Philippines, the Inquirer reported. That same month, its unit Aboitiz Renewables Inc. Began construction on the 239-MWp Luna Solar Power Plant in Cadiz City, Negros Occidental, with commercial operations targeted for 2028, the Inquirer reported.

In October 2026, Aboitiz Power transferred two mothballed coal-fired barges, Mobile 4 and Mobile 6, to Razon-led More Power, handing over ownership and operational control, the Inquirer reported. The barges had been out of operation since February 14, 2025.

## Luna Solar Plant's 2028 Target

Aboitiz Power's 239-MWp Luna Solar Power Plant in Cadiz City, Negros Occidental, has commercial operations targeted for 2028, the Inquirer reported. The company's [own announcement](http://www.aboitizpower.com) covers its generation portfolio.

## Companies in this story

- Aboitiz Power Corp · website: http://www.aboitizpower.com

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