Ge Long Hui·2025-08-06 04:36Core Insights - First Pacific Company Limited (00142.HK) reported a strong growth momentum for its subsidiary MPIC, with a 20% increase in core net profit to 15 billion pesos for the first half of 2025, compared to 12.5 billion pesos in the same period of 2024 [1] Financial Performance - MPIC's operational contribution rose by 18% to 17.5 billion pesos, driven by strong growth in MERALCO's power generation business, tariff adjustments by MAYNAD, and an increase in patient numbers across the MetroPacific Hospitals network [1] - The electricity sector remains the largest contributor to MPIC's core business, accounting for 11.2 billion pesos or 64% of the operational net profit, while water and toll roads contributed 3.8 billion pesos and 3.3 billion pesos, respectively, representing 41% of the operational net profit [1] - Reported net profit surged by 36% to 17 billion pesos, primarily due to the proceeds from the sale of MPIC's oil storage company, Philippine Coastal Storage and Pipeline Corporation [1]