Manila Electric Co - Company Profile
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Manila Electric Co (Meralco) is a private sector electric distribution utility company in the Philippines. The company's main service is the provision of reliable and affordable electric power to its customers. It primarily engages in the distribution and retail supply of electricity. Meralco's major services include power generation, distribution, and retail electricity supply. It serves residential, commercial, and industrial customers across various sectors, providing energy solutions tailored to their needs. The company provides Power Quality Energy Services and Energy Efficiency Services to enterprises. The company provides tips for an energy-efficient home under the Bright Ideas category. Meralco is headquartered in Pasig City, Philippines.
Headquarters
Philippines
Address
6/F Lopez Building, Meralco Center, Ortigas Avenue, Pasig, Metro manila, 1605
Website
www.meralco.com.ph
Telephone
632 8632 8771
No of Employees
6,027
Industry
Power
Ticker Symbol & Exchange
MER (PSE)
Revenue (2023)
$8.7B
6%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
20.6%
(2023 vs 2022)
Market Cap*
$11.9B
Net Profit Margin (2023)
XYZ
13.8%
(2023 vs 2022)
* As of and is in US$
Manila Electric Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Product: | Electro-mechanical Engineering |
| Electricity | Consulting Telecoms Services |
| e-Business Development | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Plans/Strategy | In April, the company and Corporate Information Solutions, Inc announced their plans to sell a 90% stake in CIS Bayad Center Inc to Kayana Solutions, Inc. |
| 2026 | Contracts/Agreements | In March, the company, Korea Hydro & Nuclear Power, and the Export-Import Bank of Korea signed an MoU in Manila to cooperate on developing a new nuclear power project in the Philippines. |
| 2026 | New Products/Services | In March, the company launched advanced PHP 272-B grid modernization smart meters and substations across Metro Manila. |
Competitor Comparison
| Key Parameters | Manila Electric Co | Aboitiz Power Corp | First Gen Corp | ACEN Corp | Balamban Enerzone Corporation |
|---|---|---|---|---|---|
| Headquarters | Philippines | Philippines | Philippines | Philippines | Philippines |
| City | Pasig | Manila | Pasig | Makati | Cebu |
| State/Province | Metro manila | Manila | - | Rizal | - |
| No. of Employees | 6,027 | 4,509 | 2,241 | 207 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Manuel V. Pangilinan | Chairman; Chief Executive Officer | Executive Board | - | 78 |
| Melanie T. Oteyza | Senior Vice President; Chief Audit Executive | Senior Management | 2024 | - |
| Maria Luisa V. Alvendia | Senior Vice President; Chief Supply Chain Officer | Senior Management | 2024 | - |
| Edgardo V. Carasig | Senior Vice President; Chief Human Resources Officer; Head - Corporate Services | Senior Management | 2024 | - |
| ?Lance Y. Gokongwei | Vice Chairman | Executive Board | 2013 | 58 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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