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)
Nov 12, 2026
2. SEC Identification Number
CS201807415
3. BIR Tax Identification No.
010-007-383-000
4. Exact name of issuer as specified in its charter
Citicore Renewable Energy Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10F Rockwell Santolan Town Plaza, 276 Col. Bonny Serrano Avenue, San Juan CityPostal Code1500
8. Issuer's telephone number, including area code
0288265698
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
11,160,715,179
11. Indicate the item numbers reported herein
Item 9. Other Events
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.
Citicore Renewable Energy CorporationCREC
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Citicore Renewables’ 9M 2026 net income surpasses full-year 2025, growing 122%
Background/Description of the Disclosure
Citicore Renewable Energy Corporation (“Citicore Renewables” or “the Company”) delivered a strong financial performance in the first nine months of 2026, with consolidated net income reaching Php 2.15 billion, up 122% from Php 966 million in the same period last year. Earnings for the period have already surpassed the Company's full-year 2025 net income of Php 1.15 billion.
The Company's growing contribution from newly energized solar plants underscores the importance of timely project execution in capitalizing on opportunities arising from the country's accelerating energy transition. With electricity sales accounting for 88% of total revenues, the Company continues to realize the increasing contribution of new renewable energy projects, including those supported by government-backed Feed-in-Tariff (FiT) and Green Energy Auction (GEA) programs. Revenues from projects committed under these programs reached Php 1.92 billion, representing 50% of total electricity sales, compared with 11% in the same period last year. Further growth is expected as the Company progressively energizes additional solar capacity awarded under the GEA program. Newly energized GEA projects also contribute to electricity sales to the Wholesale Electricity Spot Market (WESM) while undergoing testing and commissioning. Improved operating performance also drove gross profit margin to 53% from 33% and EBITDA margin to 59% from 37%.
The Philippines' commitment to increasing the share of renewable energy in its power generation mix, supported by successive GEA rounds and other policy initiatives, presents significant opportunities for industry participants. Against a backdrop of global energy market volatility and continuing concerns over energy security and dependence on imported fuels, the development of domestic renewable energy sources has become increasingly important in ensuring a more diversified and sustainable national power supply.
“Our latest results demonstrate the growing contribution of our operating portfolio and reinforce our confidence in the opportunities ahead for the renewable energy sector”, said Citicore Renewables President and CEO Oliver Tan. “With the government's continued push for renewable energy development and the country's increasing need for reliable and sustainable power, we remain focused on advancing our project pipeline, accelerating the delivery of committed capacity, and maintaining disciplined execution. Our priority is to translate these opportunities into long-term, sustainable growth for the Company”, he added.
Beyond its strong financial performance, Citicore Renewables' expanding portfolio reflects the scale of its development activities and its commitment to its 5GW in 5 years roadmap. With 1.2GW in combined installed capacity, the Company remains focused on advancing its project pipeline and bringing more projects into commercial operations. By leveraging supportive government policies and emerging opportunities in the country's renewable energy sector, Citicore Renewables aims to further strengthen its generation portfolio and contribute to the Philippines' long-term energy security and clean energy transition.
Citicore Renewable Energy CorporationCREC