Cebu-based listed company Vivant Corporation is accelerating its renewable energy and water infrastructure initiatives as it targets a robust year-end performance, leveraging strategic investments to counter growing concerns about power reliability and water availability across the Philippines.
Strong Financial Performance Despite Economic Challenges
In a disclosure to the Philippine Stock Exchange on Friday, November 14, 2025, Vivant revealed impressive financial results for the first nine months of the year. The company posted a consolidated core net income of P1.9 billion, representing a 24 percent increase compared to the same period in 2024.
Net income attributable to parent company equity holders also grew by 12 percent year-on-year to P1.9 billion, supported by foreign exchange gains, insurance proceeds, and cost reimbursements from power subsidiaries.
Arlo Sarmiento, Vivant's chief executive officer, expressed confidence in the company's trajectory. "As we head into the fourth quarter, we expect to close the year strong," Sarmiento stated. "Our recent solar acquisition and upcoming business development initiatives will drive future growth while supporting energy and water reliability for the communities we serve."
Renewable Energy Expansion with Bataan Solar Acquisition
The company has significantly bolstered its renewable energy portfolio through the acquisition of a 40 percent stake in Samal Solar Renewable Energy Corp. (SSREC), which operates a 53.14 megawatt solar plant in Bataan.
This strategic move adds immediate generation capacity to Vivant's portfolio, lifting its total attributable operating generation capacity to 471 megawatts. The remaining 3.95 MW of the solar facility is scheduled to come online in 2026, further strengthening the company's clean energy footprint.
The expansion comes at a critical time as recent weather disturbances in Cebu have caused widespread power outages and water shortages, highlighting the urgent need for resilient infrastructure throughout the country.
Diverse Business Segments Show Mixed Results
Vivant's energy business remained the primary revenue driver, contributing P2.5 billion to income. Within this segment, power generation accounted for 63 percent of the total at P1.7 billion, while distribution utility operations added P879 million.
The company's conventional power plants delivered 3,211 gigawatt-hours during the first nine months, despite an overall 15 percent decline in energy volumes sold. Performance was supported by strategic trading in the reserve market and Wholesale Electricity Spot Market, along with ancillary services procurement agreement revenues.
Vivant's water operations demonstrated remarkable improvement, generating P184 million during the period compared to a P11 million loss a year earlier. This turnaround was driven by finance income recognition from the 25-year joint venture with Metropolitan Cebu Water District and stronger performance from Puerto Princesa's sewage operations under partially owned subsidiary Flows.
Consolidated revenues reached P8.9 billion, remaining largely flat year-on-year, while operating expenses increased by 26 percent to P1.2 billion due to higher headcount, professional fees, and depreciation from recent asset acquisitions.
Total consolidated assets stood at P33.3 billion, with equity attributable to the parent company at P21.3 billion, positioning Vivant for continued growth in the renewable energy and water sectors.
