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Manila Water makes it to the list of Fortune’s inaugural Southeast Asia 500
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For the first time, Fortune released its list of Top 500 companies in the Southeast Asia, wherein Manila Water lands in the 435th spot.
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Manila Water posts Php3.1 billion in earnings for 1Q 2024
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Manila Water posted ₱3.1 billion in net income for the first quarter of this year. The sustained recovery of customer demand and implementation of tariff adjustments in both its East Zone Concession and several of its Non-East Zone Philippines (NEZ PH) businesses were the main drivers for the positive performance.
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Manila Water Philippine Ventures signs purchase agreement for Equipacific Holdings shares acquisition
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Manila Water Philippine Ventures, a subsidiary of Manila Water catering to cities and municipalities outside of East Zone, has signed a share purchase agreement (SPA) with EquiParco Holdings Corporation (EPHC), Metropac Water Investments Corporation (MWIC), and TwinPeak Hydro Resources Corporation (THRC) for the sale and purchase of 70% shares in Equipacific HoldCo Inc. (EHI).
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Waterscapes Art Exhibit in Celebration of World Water Day
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In celebration of World Water Day on March 22, Manila Water and Manila Water Foundation, along with partners CANVAS - Center for Art, New Ventures & Sustainable Development and OneAyala, present an art exhibit entitled 'Waterscapes' featuring commissioned water-themed pieces created by over 100 prominent and up-and-coming artists.
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Manila Water hits record operating earnings in 2023
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Manila Water posted ₱20.5 billion in operating earnings for 2023. Solid topline growth for the year was driven by the continued recovery of customer demand with the resumption of economic activities, as well as implementation of tariff adjustments in the East Zone Concession and several Non-East Zone Philippines businesses. Coupled with Manila Water’s implementation of cost management and efficiency initiatives, operating margins improved 11 percentage points to 67%.