Slide 1: FY25 Results
QO AboitizPower | “2 GT2025 FY25 Results Jan-Dec 2025
Slide 2: Disclaimer
DISCLAIMER This presentation and the information contained herein (this "Presentation") are the sole and exclusive property of Aboitiz Power Corporation (“AboitizPower”) and shall only be used for the purpose intended herein and may not be used, published or redistributed without the prior written c
Slide 3: Notice: This briefing will be recorded
NOTICE: This briefing will be recorded. By joining this session, you consent to your name, voice, image and chat comments being recorded for use and dissemination. A copy of this briefing will be uploaded on our website (www.aboitizpower.com)
Slide 4: Sandro Aboitiz, Chief Financial Officer
Sandro Aboitiz Chief Financial Officer AboitizPower
Slide 5: FY25 Results highlights
FY25 Results highlights • Beneficial EBITDA for FY25 rose to PHP79.3b from PHP73.3b in 2024, driven by contributions from Chromite, new solar plants, and higher contracted capacity, which offset spot price weakness in the first half. • FY25 core net income reached PHP33.1b. In 4Q25, AboitizPower rec
Slide 6: FY25 beneficial EBITDA grew by 9% YoY
FY25 beneficial EBITDA grew by 9% YoY The Generation segment accounted for 90% of beneficial EBITDA and was AP’s key growth driver in FY25. Growth was attributable to fresh contributions from Chromite and new solar plants, as well as the increase in contracted capacity. Beneficial EBITDA PHPb The 5%
Slide 7: Generation portfolio
Power Generation Generation portfolio As of Dec 2025, coal assets account for 53% of our total generation portfolio, down from 61% in Dec 2024. Including CBK, coal assets will account for 49% of the total generation portfolio. Attributable capacity MW 6,363 Olongapo solar (221MWp) 5,055 4,577 660 en
Slide 8: CBK was turned over to the Thunder Consortium on 8 Feb
Power Generation CBK was turned over to the Thunder Consortium on 8 Feb The CBK complex is one of Luzon’s most strategic power assets, functioning as a large-scale energy storage system, supporting grid stability while helping manage peak demand and integrate intermittent renewables. Caliraya Botoca
Slide 9: Progress continues across our renewable energy pipeline
Power Generation Progress continues across our 8 MW Magat BESS 2 159 MWp Laoag Solar March 2026 Energized Apr 2024 renewable energy pipeline Completion: 99% 12 MW Magat BESS 1 20 MW Binga BESS 1 & 2 Commissioned Jan 2024 817 MW of the initial renewable energy Q2 2026; Q2 2027 pipeline are operating
Slide 10: Total energy sold in FY25 grew by 21% YoY
Power Generation Total energy sold in FY25 grew by 21% YoY Energy volumes sold through BCQs grew by 51% in FY25, reducing AboitizPower’s exposure to the spot market to 11% of total energy sold, from 21% in in the same period last year. Total energy sold GWh 10,180 GWh 43,718 GWh 29,356 GWh The shift
Slide 11: Contracting target achieved
Power Generation Contracting target achieved ~90% of our baseload capacity, including our attributable capacity from Chromite, has been contracted as of FY25. Contracted Baseload* Capacity as of Dec 2025 MW LNG Contracts of capacities under TLI 16% and GNPD commenced in 2025. 1,496 MW of the contrac
Slide 12: Beneficial revenue in FY25 grew by 20% YoY
Power Generation Beneficial revenue in FY25 grew by 20% YoY Fresh contributions from Chromite Gas Holdings and our new solar power plants more than offset the impact of lower BCQ and spot prices. Revenue Average BCQ revenue per kwh PHPm PHP/kwh 5.44 5.38 Decline is largely due to the softer fuel pri
Slide 13: Gross profit in FY25 grew by 11% YoY
Power Generation Gross profit in FY25 grew by 11% YoY The increase in sales volumes and the lower spot exposure offset the decline in selling prices, such that the gross profit of the Power Generation segment was up 11% YoY. Gross Profit PHPm FY24 FY25 189,471 88,538 157,860 77,404 The average gross
Slide 14: Power sales from the DU segment rose by 4% YoY
Distribution Utility Power sales from the DU segment rose by 4% YoY Excluding the impact of one-offs, EBITDA contribution from the Distribution segment for FY25 rose by 2% to PHP8.9b Volume sales 6,927 GWh; beneficial basis +4% YoY 6,631 6,157 5,785 5,583 5,368 31% Residential 2,174Gwh (+5%YoY) 69%
Slide 15: One of the leading retail electricity suppliers
Retail Electricity Supply One of the leading retail electricity suppliers AboitizPower’s RES segment continues to be one of the biggest suppliers, with a market share of 26.3% as of the latest CREM Report. AP RES Market Share Customer Type* MW AP, 26.3% Agriculture Utilities 2% 7% 3% 8% Residential
Slide 16: FY25 core NIAT remained flat YoY on a like-for-like basis
FY25 core NIAT remained flat YoY on a like-for-like basis Core net income of PHP33.1b would be 2% higher year-on-year excluding the impact of the depreciation and interest expense of GNPD . NIAT Total interest and depreciation PHPm FY24 FY25 expense for GNPD in Jan-Dec 2025 was PHP2.5b and PHP3.3b,
Slide 17: M&A-driven increase in leveraging
M&A-driven increase in leveraging Even with incremental borrowings for AboitizPower’s investments in Chromite, CBK and its renewable energy expansions, net debt to equity remains manageable at 1.27x. PHPm CONSOLIDATED 31 Dec 2024 31 Dec 2025 Cash and Cash Equivalents 56,759 58,932 Investments and ad
Slide 18: Debt is predominantly fixed and long-term
Debt is predominantly fixed and long-term Disciplined management of balance sheet and debt supports AboitizPower’s long-term growth plans. Debt maturity profile Currency Exposure As of Dec 2025 As of Dec 2025 PHPb PHPb Non-PHP, 11% 116.0 3.4 3.4 16.2 4.2 30.9 28.1 24.1 21.1 PHP, 89% 2026 2027 2028 2
Slide 19: M&A driven CAPEX deployment in 2025
M&A driven CAPEX deployment in 2025 AboitizPower has deployed PHP117.7b in 2025 on its investments in Chromite and CBK, as well as its new builds. CAPEX spend PHPb Investments in Chromite and CBK Others, 16% Themal, 117.7 88.8 21% DU, 18% PHP62.0b FY26 CAPEX Budget LNG, 16% 26.6 14.1 8.7 5.4 0.7 Ren
Slide 20: Consistent dividend payout
Consistent dividend payout Consistent with its dividend policy, AboitizPower has declared regular dividends of PHP1.35 per share, along with a special dividend of PHP 0.93 per share , implying a yield of 5.2%. ₱2.50 7.0% 6.1% 5.2% 5.7% 6.0% ₱2.00 4.9% 4.2% ₱0.93 5.0% ₱1.50 4.0% ₱2.30 ₱2.35 3.0% ₱1.0
Slide 21: Qo AboitizPower | te} o12025
Qo AboitizPower | te} o12025