| C08216-2026 |
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.
| Subject of the Disclosure |
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Balsik Solar Farm revenues boost Alternergy’s Q1 FY2027 performance |
| Background/Description of the Disclosure |
Alternergy Holdings Corporation (“ALTER”), a Philippine pioneer in renewable power development, reported an 88% increase in consolidated revenues to P154.4 million for the first quarter of fiscal year 2027, driven by contributions from its newly operational Balsik Solar Power Farm and the continued strong performance of its existing renewable energy assets. The 28 MWp Balsik Solar Farm in Hermosa, Bataan, which began commercial operations in January this year, contributed P51 million, accounting for 33% of the total operating revenues during the quarter. Total consolidated equity grew 34% to P6.7 billion, primarily driven by the P1.7 billion investment of ABC Energy in the company’s two wind projects. ALTER also maintained a healthy cash position of P3.8 billion despite ongoing capital expenditures and dividend payments, while total assets increased 10% to P27 billion from P24.6 billion. |
| Other Relevant Information |
Please see attached SEC Form 17-C signed by the Deputy CIO and Media Release as regards the foregoing. |
| Name | Kimberly Rose Pagdilao |
|---|---|
| Designation | Corporate Counsel / Deputy CIO |