Manila Electric Company (MAEOY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon investors, analysts, fund managers and valued stakeholders. Welcome to Moralco's first quarter 2026 financial operating results briefing. We are pleased to have you with us participating both in person and via MS Teams and we thank you for taking the time to be with us today. Before we begin, please note that this session is being recorded. Kindly observe the ground rules that were circulated prior to this meeting. Today, we will walk you through Meralco's performance for the first quarter ended March 31, 2026. The presentation materials are available on our website under the Investor Relations section. Joining us today are members of Meralco's management team, Mr. Ronia Perocho, Executive Vice President and Chief Operating Officer, Ms. Betty Siap, SVP and Chief Finance Officer, Mr. Emmanuel Rubio, President and CEO, Miralco PowerGen, Attorney Jose Ronald Valdez, SVP, Head of Regulatory Affairs, and Head of VU Regulatory Management. Our discussion today will begin with presentation over financial performance, followed by updates on our distribution utility operations, power generation business, and key regulatory developments and outlook. We'll open the floor for a Q&A session before concluding with a closing remark from our COO. At this point, I would like to invite our Chief Finance Officer, Ms. Betty Siap, to walk us through the financial highlights for the quarter. and I for the quarter. It's March 31. Contribution. Stable distribution utility and the goal of our generation portfolio. The DU business continues to counter the largest share of our 11.4. Okay, sorry about that. So our CCNI for the quarter ended March 31, 2026, grew 2% from the combined contribution of a stable distribution utility and the growing power generation portfolio. The DU bus...