Alternergy Holdings Corporation (ALTER), a renewable energy pioneer, has reported remarkable financial growth for the fiscal year ending June 30, 2025, marking its third consecutive year of strong performance since its IPO listing in 2023.
Key Financial Highlights
Consolidated Assets: Doubled to Php 17.9 billion in FY 2025 from Php 8.7 billion in FY 2024, driven by the construction of four renewable energy projects under its Triple Play Portfolio.
Cash Position: Healthy cash reserves of Php 6 billion, accounting for 35% of total assets, ready for deployment to complete ongoing projects.
Revenue Growth: Increased by 31% to Php 360 million, up from Php 274 million in FY 2024 and Php 171 million in FY 2023.
Net Income: Rose by 28% to Php 165 million, up from Php 130 million in FY 2024 and more than quadrupled from Php 38 million in FY 2023.
EBITDA: Grew by 29% to Php 399 million, compared to Php 310 million in FY 2024 and Php 180 million in FY 2023.
Accelerated Project Development
ALTER’s consolidated assets surged by 105% in FY 2025, fueled by the construction of its Triple Play Portfolio, which includes the 4.6 MW Dupinga run-of-river hydro, 28 MW Solana Balsik solar, 128 MW Tanay Wind, and 64 MW Alabat Wind projects.
These projects are expected to be completed by late 2025 and early 2026, further boosting the company’s financial standing.
Driving Growth Through Operating Assets
The company’s operating solar and wind assets contributed significantly to revenue and income growth, showcasing its ability to generate consistent margins.
With ongoing construction and a robust pipeline of new projects, ALTER is poised to deliver substantial value to its shareholders.
Leadership and Vision
“We are pleased to report strong performance for the third year in a row after our public listing.
Our operating assets continue to contribute significant margins.
We expect that once the ongoing construction of the four projects is completed, there will be a substantial boost in ALTER’s financial standing,” said Gerry P. Magbanua, President of ALTER.
He added, “Together with our operating projects steadily generating revenues, our projects under construction, and the new pipeline of projects being developed, we are positively increasing value to our shareholders as one of the fastest-growing renewable energy developers in the country.”
