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

Sep 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 Shares	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	Sep 30, 2025
Currency (indicate units, if applicable)	PhP (in millions)

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Sep 30, 2025	Dec 31, 2024
Current Assets	203,371	179,616
Total Assets	791,692	617,958
Current Liabilities	251,309	236,374
Total Liabilities	569,372	432,076
Retained Earnings/(Deficit)	131,911	123,339
Stockholders' Equity	222,320	185,882
Stockholders' Equity - Parent	165,557	144,599
Book Value per Share	197.25	164.92

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	126,546	117,946	371,765	355,423
Gross Expense	112,591	106,517	332,260	318,990
Non-Operating Income	0	0	0	0
Non-Operating Expense	(2,861)	(2,589)	(6,573)	(6,229)
Income/(Loss) Before Tax	16,816	14,018	46,078	42,662
Income Tax Expense	3,192	2,491	7,993	8,018
Net Income/(Loss) After Tax	13,624	11,527	38,085	34,644
Net Income Attributable to Parent Equity Holder	13,187	11,314	36,822	33,755
Earnings/(Loss) Per Share (Basic)	11.7	10.04	32.67	29.95
Earnings/(Loss) Per Share (Diluted)	11.7	10.04	32.67	29.95

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	44.28	39.31
Earnings/(Loss) Per Share (Diluted)	44.28	39.31

Other Relevant Information
Please refer to attached disclosure.