Citicore Renewable Energy Corp. · PSE:CREC
Citicore Renewable Energy — H1 2026 Earnings Presentation
28 slides from Citicore Renewable Energy's earnings presentation, Aug 18, 2026
Slide 1: 1H 2026 Financial and Operating Results
Company Presentation Company 1H 2026 Financial Presentation and Operating Results 1Q 2025 Financial and Operating Results Aug 18, 2026 May 15, 2025
Slide 2: Disclaimer
Disclaimer This presentation was prepared solely and exclusively for discussion purposes. This presentation and/or any part thereof may not be reproduced, disclosed or used without the prior written consent of Citicore Renewable Energy Corporation “the Company”). This presentation, as well as discus
Slide 3: 1H 2026 Performance Highlights
1H 2026 Performance Highlights Net income surges by 92% driven by Solid financial position due to improved profitability margins infusion of investments and loans • Revenue at Php 2.77 Bn (+4%), • Total Assets reached Php 88.62 Bn, • EBITDA at Php 1.52 Bn (+63%), • Total Equity reached Php 25.38 Bn
Slide 4: Contents
Contents 01 Company Overview 02 Financial Highlights 03 Our Asset Portfolio 04 Highlights and Key Takeaways 05 Q&A
Slide 5: Corporate Milestones
Since its incorporation in May 2018, CREC has grown into a diversified Corporate Milestones independent power producer with one of the Philippines’ largest solar portfolios at 1,218 MW Gross Installed 1,018 MW 2O26 Capacity Luzon CREC’s Bolbok 1 & 2, 1,218 MW* 190 MW 2O24 Silay 2A, 2B, Pagbilao 1 &
Slide 6: Overview of the Citicore Group
Overview of the Citicore Group Purple Seed Capital Public Float Holding, Inc. 10.09% 40.03%* 20% 29.88% EPC RENEWABLE ENERGY FOUNDATION 100% 100% 100% 33% SOLAR GENCO WIND GENCO RETAIL ELECTRICITY REIT • Citicore Solar Energy • Citicore Wind Energy Corporation • Citicore Energy Solutions Inc. • Citi
Slide 7: CREIT: The First and Largest RE REIT in the Philippines
CREIT: The First and Largest RE REIT in the Philippines CREIT’s Business Model Gross Leasable Area in sqm millions 7,103 5,983 1,120 1,987 3,996 3,996 1,654 Lease Agreement 333 333 333 1,654 1,654 1,654 1,654 GEN COs REIT CO As Tenats As Landlord IPO Assets 1st Acquisition 2nd Acquisition 3rd Acquis
Slide 8: ESG Considerations
ESG Considerations Citicore Foundation overview CREC promotes inclusive growth through various community-building initiatives • Citicore Foundation is CREC’s affiliate arm for community stakeholder engagement Initiatives Description activities • Citicore Foundation’s efforts are anchored on the key
Slide 9: The Pioneering AgroSolar initiative
The Pioneering AgroSolar initiative The AgroSolar Initiative incorporates solar power farming and traditional farming where crops are grown along the aisles of solar panels – benefiting from shade, improved soil moisture, and higher yields, while ensuring farmers are not displaced but instead empowe
Slide 10: Environment
Environment Upcycling non-functional solar panels Annual Tree Planting to reforest and Citicore installs solar-powered lights in into community waiting sheds, supporting bring back the vegetative cover of the host communities without electricity, the company’s waste reduction efforts. country's upla
Slide 11: Education
Education School-based literacy Donating materials and mobilizing employees to programs to promote repair, repaint, clean, and a culture of reading landscape schools 78 Beneficiaries 50 Institutional Beneficiaries Bridge scholarship Donation of essential grant program to school supplies students 5,8
Slide 12: Empowerment
Empowerment CREC champions community-based skills development by linking employment opportunities with training support. In partnership with TESDA, host community members received training and certification in Electrical Installation and Maintenance, equipping them with vocational and business skill
Slide 13: 1H 2026 Financial Highlights
1H 2026 Financial Highlights
Slide 14: CREC's profitability continues to improve due to newly energized projects
CREC’s profitability continues to improve due to newly energized projects Amounts in Mn Php +4% 2,771 2,668 Gross Profit Margin 51% ↑ 19 ppt YoY +63% EBITDA Margin 1,517 +92% 55% ↑ 20 ppt YoY 1,212 932 Net Profit Margin 630 44% ↑ 20 ppt YoY Revenue EBITDA Net Income 1H 2025 1H 2026 14
Slide 15: Income Statement
Income Statement Amounts in Mn Php 30 June 2026 30 June 2025 % Change Electricity Sales 2,416 2,289 6% Lease Income 325 325 0% Service Fees 31 55 (44%) Revenue/ Total Income 2,771 2,668 4% Direct Costs (1,354) (1,814) (25%) 76% increase in Gross Profit 1,417 854 66% GP Margin to 44% Operating Expens
Slide 16: Breakdown of main revenue drivers for CREC
Breakdown of main revenue drivers for CREC Amounts in Mn Php 2,771 2,668 31 55 325 325 51% 7% 13% 1H 2026 2,289 2,416 1% 1H 2025 42% 86% Contestable Customers FIT/GEA WESM Contestable Customers FIT/GEA WESM 1H 2025 1H 2026 Sale of Electricity Lease Income Service Fee 16
Slide 17: Balance Sheet
Balance Sheet Amounts in Mn Php 30 June 2026 31 December 2025 % Change Cash and Cash Equivalents 14,390 18,506 (22%) Other Current Assets 2,984 3,339 (11%) Total Current Assets 17,374 21,845 (20%) Property, Plant and Equipment, net 61,090 49,219 24% Right-of-use assets 509 483 5% Investment properti
Slide 18: Gearing Ratios
Gearing Ratios Current Ratio Interest Coverage Ratio 3.95 8.06 3.04 4.35 1H 2025 1H 2026 1H 2025 1H 2026 Debt-to-Equity Ratio Net Debt-to-Equity Ratio 2.36 1.79 1.57 0.89 1H 2025 1H 2026 1H 2025 1H 2026 18
Slide 19: Market Ratios
Market Ratios Earnings per Share Book Value per Share 0.16 2.15 2.24 0.11 1H 2025 1H 2026 1H 2025 1H 2026 Price-to-Book Ratio EV/EBITDA 2.08 40.81 1.49 31.93 1H 2025 1Q 2026 1H 2025 1H 2026 19
Slide 20: Asset Portfolio
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Slide 21: CREC's Goal: 5 GW in 5 Years
CREC's Goal: 5 GW in 5 Years Average capacity addition of 1 GW p.a. over next 5 years, using a clustering strategy 6,964 5,964 1,000 495 4,469 1,000 3,469 1,000 45 5,964 2,206 4,469 3,469 597 1,218 597 2025 2026 2027 2028 2029 Completed Project Capacity Solar Onshore Wind in MW gross installed capac
Slide 22: Citicore Group's Solar Assets
\ Citicore Group’s Solar Assets Bulacan 22.7 MW Lumbangan & Luntal Arayat-Mexico Arayat 3A 197.0 MW 115.7 MW 42.0 MW 21 Operating Solar Assets Armenia 14.1 MW 1,218 MWdc Combined Gross Installed Capacity Binalonan Bolbok 1 & 2 Silay 1 177.0 MW 113.0 MW 33.6 MW Dalayap 2,224 GWh 11.7 MW Est. Annual N
Slide 23: CREC's Portfolio continues to expand
CREC’s Portfolio continues to expand 238.0 MWp | Pangasinan 25.9 | Tarlac 125 MWp Sta Barbara 14.1 MWp Armenia 113 MWp Binalonan 11.7 MWp Dalayap 22.7 MWp | Bulacan 188.3 MWp | Pampanga 30.6 MWp Clark 42 MWp Arayat 3A 41 MWp | Nueva Ecija 115.7 MWp Arayat – Mexico 56 MWp | Pampanga 374.0 MWp | Batan
Slide 24: Vertically integrated platform capable of end-to-end solutions
Vertically integrated platform capable of end-to-end solutions • Backed by the Megawide Group, an experienced engineering and construction company, CREC is a fully integrated platform with capabilities across the entire value chain, from pre-development, EPC, O&M and asset management • Citicore has
Slide 25: Highlights and Key Takeaways
Highlights and Key Takeaways
Slide 26: 1H 2026 Performance Highlights
1H 2026 Performance Highlights Solid net income +92% driven by Solid financial position due to improved profitability margins infusion of investments and loans • Revenue at Php 2.77 Bn (+4%), • Total Assets reached Php 88.62 Bn, • EBITDA at Php 1.52 Bn (+63%), • Total Equity reached Php 25.38 Bn • N
Slide 27: Q&A
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Slide 28: Thank you!
Thank you! For questions, please contact: CREC Investor Relations crec.com.ph @CiticorePH CiticoreIR@crec.com.ph 28
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