Citicore Renewable Energy Corp. · PSE:CREC
Citicore Renewable Energy — FY2025 Earnings Presentation
25 slides from Citicore Renewable Energy's earnings presentation, Mar 30, 2026
Slide 1: FY 2025 Financial and Operating Results
Company Presentation Company FY Presentation 2025 Financial and Operating Results 1Q 2025 Financial and Operating Results March 30, 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: FY 2025 Performance Highlights
FY 2025 Performance Highlights Strong revenue growth +3% driven by Solid financial position due to electricity sales and service fees infusion of investments and loans • Revenue at Php 5.32 Bn (+3%), • Total Assets reached Php 81.15 Bn (+69%), • EBITDA at Php 1.81 Bn (+3%), backed by the proceeds fr
Slide 4: Contents
Contents 01 Financial Highlights 02 Our Asset Portfolio 03 Highlights and Key Takeaways 04 Q&A
Slide 5: FY 2025 Financial Highlights
FY 2025 Financial Highlights
Slide 6: FY 2024 vs FY 2025 Results
FY 2024 vs FY 2025 Results Amounts in Mn Php +3% 5,319 5,146 +3% +14% 1,757 1,814 1,153 1,012 Revenue EBITDA Net Income FY 2024 FY 2025 6
Slide 7: Income Statement
Income Statement Amounts in Mn Php 31 December 2025 31 December 2024 % Change Electricity Sales 4,294 4,220 2% Lease Income 700 683 2% Higher fees received from Service Fees 325 242 34% CPMI, GPS3, and JV project Revenue/ Total Income 5,319 5,146 3% Direct Costs (3,488) (3,378) 3% Gross Profit 1,831
Slide 8: Revenue Growth driven by Electricity Sales
Revenue Growth driven by Electricity Sales Amounts in Mn Php 5,319 34% 5,145 325 242 683 700 2% 81% Php 5,319 Mn 2% FY 2025 4,220 4,294 13% 6% FY 2024 FY 2025 Electricity Sales Lease Income Service Fees Sale of Electricity Lease Income Service Fee 8
Slide 9: Electricity Sales Mix based on Revenue
Electricity Sales Mix based on Revenue Amounts in Mn Php 13% 11% 2% 5% Php 5.319 Bn Php 5.146 Bn FY 2025 FY 2024 85% 84% Contestable Customers FIT/GEA WESM Contestable Customers FIT/GEA WESM 9
Slide 10: Balance Sheet
Balance Sheet Amounts in Mn Php 31 December 2025 31 December 2024 Change Cash and Cash Equivalents 18,506 8,329 64% Other Current Assets 3,339 3,351 (11%) Total Current Assets 21,845 11,680 41% Property, Plant and Equipment, net 49,256 25,269 95% Right-of-use assets 483 458 6% Investment properties
Slide 11: Gearing Ratios
Gearing Ratios Current Ratio Interest Coverage Ratio 5.31 4.94 3.90 3.01 FY 2024 FY 2025 FY 2024 FY 2025 Debt-to-Equity Ratio Net Debt-to-Equity Ratio 2.15 1.41 1.45 0.99 FY 2024 FY 2025 FY 2024 FY 2025 11
Slide 12: Market Ratios
Market Ratios Earnings per Share Book Value per Share 0.08 2.17 0.07 1.89 FY 2024 FY 2025 FY 2024 FY 2025 Price-to-Book Ratio Price-to-Earnings Ratio 58.37 1.98 1.70 40.13 FY 2024 FY 2025 FY 2024 FY 2025 12
Slide 13: Asset Portfolio
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Slide 14: 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 3,469 526 1,218 526 2025 2026 2027 2028 2029 Completed Project Capacity Solar Onshore Wind in MW gross installed capac
Slide 15: Citicore Group's Operating Assets
Citicore Group’s Operating Assets Lumbangan and Luntal Silay 1 Armenia 197 MW 33.6 MW 14.1 MW 14 Operating Solar Assets 597.2 MW Combined Gross Installed Capacity Arayat - Mexico 1 & 2 Clark Dalayap (539.3 MW attributable to Citicore Group) 115.7 MW 30.6 MW 11.7 MW 767 GWh Estimated Annual Net Gener
Slide 16: Onshore Wind Projects committed to the Government through GEA-2
Onshore Wind Projects committed to the Government through GEA-2 Bataan-Zambales CW Pangasinan CW 2 WindPower Wind Power Project Project Wind Power Power Project Project Capacity: 120 MW Capacity: 150 MW Offtaker: GEAP (100 MW) Offtaker: GEAP (80 MW) Camarines Sur CW Wind Power Project Iloilo CW 1 Ca
Slide 17: 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 18: Highlights and Key Takeaways
Highlights and Key Takeaways
Slide 19: Energization of the country's first Solar Baseload power plant
Energization of the country’s first Solar Baseload power plant 19
Slide 20: CREC awarded over 1.2 GW in GEA Round 4
CREC awarded over 1.2 GW in GEA Round 4 Ground-Mounted Solar IRESS Proven track record of rolling out IRESS projects 21% 28% 70% 79% CREC Others CREC Others Capacity in MWac 2026 2027 2028 2029 TOTAL Ground-mounted 540.0 - 100.0 240.0 880.0 Solar IRESS 85.7 88.0 33.4 125.0 332.1 TOTAL 625.7 88.0 133
Slide 21: Mechanically Completed Projects
Mechanically Completed Projects CREC reaches 1.2 GW with the completion of its 1 GW pipeline Solar / IRESS Project CS Batangas 2 CS Pangasinan 1 CS Pangasinan 2 CS Quezon 1 CS Negros 2 Parent CSEC CSEC CSEC CSEC CSEC Bolbok 1 & 2 Sta. Barbara Bolbok, Tuy, Sta. Barbara, Binalonan, Silay, Negros 177.0
Slide 22: 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 22.7 MWp San Ildefonso 30.6 MWp Clark 42 MWp Arayat 3A 41 MWp | Nueva Ecija 115.7 MWp Arayat – Mexico 56 MWp | Pam
Slide 23: FY 2025 Performance Highlights
FY 2025 Performance Highlights Strong revenue growth +3% driven by Solid financial position due to electricity sales and service fees infusion of investments and loans • Revenue at Php 5.32 Bn (+3%), • Total Assets reached Php 81.15 Bn (+69%), • EBITDA at Php 1.81 Bn (+3%), backed by the proceeds fr
Slide 24: Q&A
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Slide 25: Thank you!
Thank you! For questions, please contact: CREC Investor Relations crec.com.ph @CiticorePH CiticoreIR@crec.com.ph 25
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