First Pacific Co Ord (FPAFF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone. Thank you for joining the online briefing to discuss the First Pacific 2025 Three-Year Financial and Operating Results. The resource presentation is available on First Pacific's website, www.firstpacific.com, under the Investor Relations Session presentation page. This resource briefing is being recorded and the webpage will be available on First Pacific website this evening in the Investor Relations Session. For participants from the media, please watch the Q&A session. These are open for investors and analysts only. If you would like to ask questions, please contact us when the briefing is finished. Today we have with us our Executive Director, Mr. Chris Yang, our CFO, Mr. Joseph Ng, Associate Director, Mr. John Ryan, and Mr. Stanley Yang, and other senior executives from the head office of the First Pacific. Over to you, John, for the presentation, please. um thank you sarah we'll all just to go through very quickly the first specific part of this presentation then i'll move to the q a uh for you folks now uh let's begin on page three with a quick reminder of some of our major investments um all of which have done pretty well in the course of 2025 and we'll discuss this later on now on page four we've got the shape of our gross asset value on december 31st 2025 The gap was about $5.3 billion. Indufood, just over a third. MPIC values there at $1.3 billion. The U.S. dollar value of the pesos we paid for it when it was privatized back in the autumn of 2023. We own now about 49.9% of MPIC. You might see there that PLP's valuation has increased to $398 million, and that's because we've put some money into it to help finance the building of a new power plant, which our financial controller, Richard Chan, might discuss later, if that's of interest to ...