C07762-2026

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)
Oct 30, 2026
2. SEC Identification Number
C199800134
3. BIR Tax Identification No.
200-652-460-000
4. Exact name of issuer as specified in its charter
ABOITIZ POWER CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Ayala Triangle Gardens Tower 2, Paseo de Roxas cor. Makati Ave., Makati City, Metro Manila, Philippines Postal Code 1226
8. Issuer's telephone number, including area code
(02) 8886-2600
9. Former name or former address, if changed since last report
N.A.
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 Stock P1 Par Value 7,205,854,307
Amount of Debt Outstanding (As of June 30, 2026) 325,625,209,000.00
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.

Aboitiz Power CorporationAP

PSE Disclosure Form 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Acquisition by Aboitiz Renewables, Inc. (“ARI”), a wholly owned subsidiary of Aboitiz Power Corporation (“AboitizPower”), of 60% equity interest in Manolo Fortich Power Corporation (“MFPC”)
Background/Description of the Disclosure

Execution of a Joint Development and Investment Agreement on October 30, 2026
Date of Approval by
Board of Directors		 Aug 18, 2026
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

This involves the acquisition of 60% equity interest in MFPC, that plans to develop, construct, finance, and operate solar power generation facility integrated with a Battery Energy Storage System (BESS) and related interconnecting facilities with an estimated capacity of 191 MWac located in Barangay Dalirig, Manolo Fortich, Bukidnon (the “Project”).

The execution of definitive subscription agreements and issuance of shares to ARI are subject to the completion (or waiver) of customary closing conditions, including completion of relevant due diligence for the Project, among others. Closing and the initial equity funding are expected to occur following the fulfillment of said conditions.

The total subscription price for the 60% equity interest represents less than 10% of AboitizPower’s consolidated assets as of December 31, 2025.

Please refer to “Nature and amount of consideration given or received” below.
Details of the acquisition or disposition
Date TBA
Manner

Subscription of Shares
Description of the company to be acquired or sold

MFPC is a Philippine power generation company and an indirect wholly-owned subsidiary of A Brown Company, Inc. through ABC Energy Inc. (“ABCEI”)
The terms and conditions of the transaction
Number of shares to be acquired or disposed N/A
Percentage to the total outstanding shares of the company subject of the transaction 60
Price per share N/A
Nature and amount of consideration given or received

Cash consideration in the aggregate amount of:

Initial Subscription: PhP 3,750,000.00 for the subscription to 3,750,000 Common Shares at par value (PhP 1.00 per share) out of the unissued authorized capital stock of the MFPC; and

Post-ACS Increase Subscription: PhP 746,250,000.00 for the subscription to 74,625,000 Redeemable Preferred Shares (RPS) with a subscription price of PhP 10.00 per share.
Principle followed in determining the amount of consideration

Par value and agreed subscription premium for Redeemable Preferred Shares
Terms of payment

Payment upon completion of conditions precedent.

At Closing Date: PhP 3,750,000.00 is paid in cash upon the execution of the Pre-Capital Increase Subscription Agreement.

Post-Closing / SEC Approval: PhP 746,250,000.00 upon SEC approval of the increase in Authorized Capital Stock and is payable upon call of the Board of Directors of MFPC.
Conditions precedent to closing of the transaction, if any

Customary conditions precedent for transactions of similar nature, satisfactory completion by ARI of its technical, legal, financial, tax, and land due diligence review, among others.
Any other salient terms

None
Identity of the person(s) from whom the shares were acquired or to whom they were sold
Name Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Manolo Fortich Power Corporation None
Effect(s) on the business, financial condition and operations of the Issuer, if any

There are no material effects to AboitizPower.
Other Relevant Information

In a meeting last August 18, 2026, the ARI Board authorized the execution of binding agreements for this transaction, including this Joint Development and Investment Agreement.
Filed on behalf by:
Name Marian Geronimo
Designation Assoc. General Counsel - Corporate Governance and Compliance