C00939-2026

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Feb 16, 2026
2. SEC Identification Number
0000091447
3. BIR Tax Identification No.
000190324000
4. Exact name of issuer as specified in its charter
Semirara Mining and Power Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
2/F DMCI Plaza, 2281 Don Chino Roces Avenue, Makati City Postal Code 1231
8. Issuer's telephone number, including area code
632-88883000
9. Former name or former address, if changed since last report
CITY OF MAKATI
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 4,250,547,620
11. Indicate the item numbers reported herein
9

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.

Semirara Mining and Power CorporationSCC

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of news article entitled “DOE: No coal contract extension for Semirara,” posted on Philstar.com on February 16, 2026
Source Philstar.com
Subject of News Report DOE: No coal contract extension for Semirara,” posted on Philstar.com on February 16, 2026
Date of Publication Feb 16, 2026
Clarification of News Report

We refer to the news article entitled “DOE: No coal contract extension for Semirara,” posted on Philstar.com on February 16, 2026. It was reported, in part, that:

“MANILA, Philippines — The government has rejected Semirara Mining and Power Corp.’s (SMPC) bid to extend its coal operating contract in Antique for an additional 13 years, setting the stage for an auction later this year.

‘Our direction is to have it (contract) auctioned. They said we cannot renew it,’ Energy Secretary Sharon Garin said over the weekend, referring to the Department of Justice’s opinion on the extension.

Garin said the auction process is set to take place within the year, ensuring a seamless transition before SMPC’s current contract expires in 2027.

Losing the contract would be a major setback for SMPC, the country’s leading coal producer responsible for around 99 percent of domestic output.

However, this is far from over for the Consunji-led integrated mining firm, which still has the chance to join the bidding war and secure a new contract to continue its decades-long operations on Semirara Island.

'They (SMPC) are qualified,' Garin noted. 'Everyone can join the bidding, including the current operator.'

. . . .

The upcoming auction would not follow the usual pattern of bidders simply offering the highest price to win the contract. Instead, the winner will be chosen based on qualifications.

This, according to Garin, gives SMPC a real fighting chance, thanks to its decades of experience handling what she calls a ‘complicated engineering project.’

‘The advantage is they (SMPC) already know what to do. They have the equipment, hundreds of equipment, and they have experience in Semirara. We want to find the most qualified,’ the energy chief noted.”

We clarify that the decision on the Coal Operating Contract rests with the DOE, and we have not received any formal notice of a final decision on our request for term adjustment.

Management believes that SMPC’s decades of experience in managing complex engineering projects, coupled with its established operations, technical expertise, and extensive equipment fleet developed through its long-standing operations in Semirara Island, provide a strong competitive advantage, which we have communicated to the DOE.

We will disclose any material developments as required.
Other Relevant Information

Attached is SEC Form 17-C.
Filed on behalf by:
Name John Sadullo
Designation Vice President, Asset Registry, Corporate Secretary & Corporate Information Officer