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<\/p>\nVivant Corporation (Vivant or \u201cthe Company\u201d) (PSE: VVT) today reported Consolidated Core Net Income (CCNI) of Php 2.3 bn in 2024, reflecting a significant 20% increase from the prior year.<\/p>\n
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Considering non-recurring income from the recognition of the fair value of some of the Company\u2019s investments, booked insurance proceeds by associates, one-time service fees of a subsidiary, and a reversal of prior year\u2019s accrued charges, Net Income Attributable to Equity Holders of the Parent Company recorded at Php 2.4 bn, 3% higher.<\/p>\n
\u201cThe year 2024 was a record year for Vivant Corporation, led by its energy business, which saw double-digit growth in earnings. Meanwhile, our business development teams in both Energy and Water continued to lay the groundwork for the Company\u2019s future growth,\u201d according to Arlo G. Sarmiento, Vivant Corporation CEO.<\/p>\n Of the total net income from Vivant\u2019s SBUs, power generation accounted for the majority, representing 64%, or Php 2.2 bn. The DU accounted for 36% or Php 1.2 bn. Retail electricity contributed Php 22.3 mn or 1%. The water business is still in its investment phase and is expected to meaningfully contribute in the medium term.<\/p>\n Power generation net income contribution grew by 15% driven by the participation of Vivant\u2019s portfolio of plants in the Reserve Market (RM) and Wholesale Electricity Spot Market (WESM). In total, 4,965 GWh of energy was delivered to power generation customers in 2024. Meanwhile, net income contribution from DU VECO increased by 22% as energy sales hit 3,933 GWh, 11% higher.<\/p>\n Consolidated revenues reached Php 12.2 bn, 48% higher than 2023 primarily due to the combined effect of higher sales volumes from certain power generation assets, retail electricity supply (RES) and solar rooftop businesses.<\/p>\n Operating expenses increased by 59% to Php 1.6 bn primarily because of manpower additions, consultancy services engagements brought about by digital transformation and business expansion initiatives, and higher depreciation due to asset acquisitions.<\/p>\n Vivant\u2019s consolidated assets stood at Php 32.0 bn while total equity attributable to parent was at Php Vivant\u2019s current ratio as of yearend stood at 2.40x versus 1.76x in 2023, while debt-to-equity ratio saw an improvement to 0.49x from 0.53x.<\/p>\n \u201cBeyond 2024, we have established a pipeline of projects which will enable us to continue improving the lives of our fellow Filipinos. In Energy, we have planned a more balanced portfolio of conventional and renewable energy (RE) projects, designed to provide reliable and sustainable power to our customers. In Water, we have earmarked investments across the water value chain centered on desalination and wastewater treatment to address the needs of the communities we serve,\u201d added Mr. Sarmiento<\/p>\n","protected":false},"excerpt":{"rendered":" The success of Vivant Corporation is evident in its record-setting consolidated core net income of Php 2.3 billion for 2024.<\/p>\n","protected":false},"author":76,"featured_media":257219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19291],"tags":[],"class_list":["post-257218","post","type-post","status-publish","format-standard","has-post-thumbnail","category-spotlight"],"zyndk8_nxtgen_metadata":{"nxtgen_comments":[{"123":"waaaaa so hapi for them\r","124":"WAHHH\r","125":"wooosh woooshhh\r","126":"huhu pangarap ko to HAHAHA char\r","127":"zzzzzzzzz\r","128":"angas talaga ng cebu based\r"}]},"_links":{"self":[{"href":"https:\/\/glorious-yellow-sloth.194-233-75-192.cpanel.site\/index.php?rest_route=\/wp\/v2\/posts\/257218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glorious-yellow-sloth.194-233-75-192.cpanel.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/glorious-yellow-sloth.194-233-75-192.cpanel.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/glorious-yellow-sloth.194-233-75-192.cpanel.site\/index.php?rest_route=\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/glorious-yellow-sloth.194-233-75-192.cpanel.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=257218"}],"version-history":[{"count":0,"href":"https:\/\/glorious-yellow-sloth.194-233-75-192.cpanel.site\/index.php?rest_route=\/wp\/v2\/posts\/257218\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glorious-yellow-sloth.194-233-75-192.cpanel.site\/index.php?rest_route=\/wp\/v2\/media\/257219"}],"wp:attachment":[{"href":"https:\/\/glorious-yellow-sloth.194-233-75-192.cpanel.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=257218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glorious-yellow-sloth.194-233-75-192.cpanel.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=257218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glorious-yellow-sloth.194-233-75-192.cpanel.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=257218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/pageone.zyndk8.com\/wp-content\/uploads\/2025\/03\/Vivant-CEO_Corporate-Photo-rotated.jpg\")
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\n20.1 bn. Total interest-bearing notes amounted to Php 6.8 bn.<\/p>\n