SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Jun 30, 2025

2. SEC Identification Number

PW-102

3. BIR Tax Identification No.

000-101-528-000

4. Exact name of issuer as specified in its charter

Manila Electric Company

5. Province, country or other jurisdiction of incorporation or organization

The Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Lopez Building, Ortigas Avenue, Barangay Ugong, Pasig City Postal Code 1605

8. Issuer's telephone number, including area code

(02) 8632 8014

9. Former name or former address, and former fiscal year, if changed since last report

Not applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	1,127,092,509
Debt Securities (Bonds in Billion PhP)	2.87

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

Philippine Stock Exchange

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Manila Electric CompanyMER

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Jun 30, 2025
Currency (indicate units, if applicable)	PhP (in millions)

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Jun 30, 2025	Dec 31, 2024
Current Assets	192,398	179,616
Total Assets	753,924	617,958
Current Liabilities	244,730	236,374
Total Liabilities	554,070	432,076
Retained Earnings/(Deficit)	131,492	123,339
Stockholders' Equity	199,854	185,882
Stockholders' Equity - Parent	153,922	144,599
Book Value per Share	177.32	164.92

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	130,708	132,929	245,219	237,477
Gross Expense	116,609	119,029	219,669	212,473
Non-Operating Income	2,296	2,577	3,712	3,640
Non-Operating Expense	-	-	-	-
Income/(Loss) Before Tax	16,395	16,477	29,262	28,644
Income Tax Expense	2,881	3,118	4,801	5,527
Net Income/(Loss) After Tax	13,514	13,359	24,461	23,117
Net Income Attributable to Parent Equity Holder	13,187	12,844	23,635	22,441
Earnings/(Loss) Per Share (Basic)	11.7	11.4	20.97	19.91
Earnings/(Loss) Per Share (Diluted)	11.7	11.4	20.97	19.91

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	42.42	38.55
Earnings/(Loss) Per Share (Diluted)	42.42	38.55

Other Relevant Information
Please refer to attached disclosure.