2026-03-31 09:00Financial Performance - First Pacific achieved a record-high recurring profit of $740.0 million in 2025, representing a 10% increase compared to $672.5 million in 2024 [15, 17, 140] - Turnover rose 2% to $10,232.5 million, driven by revenue growth at Indofood and MPIC [17, 140] - Net profit reached a record $661.0 million, up 10% from $600.3 million in the previous year [17, 140] - The Board approved a final distribution of 14.0 HK cents per share, bringing the full-year distribution to a record 27.0 HK cents per share [17] Operational Highlights - Indofood reported record net sales of IDR123.5 trillion, a 7% increase, with core profit rising 1% to IDR11.4 trillion [34, 43] - MPIC achieved record core profit of ₱27.1 billion, a 15% increase, supported by strong performance in power and water sectors [51, 154] - PLDT service revenues reached a record ₱212.2 billion, with the Maya fintech unit recording its first full-year profit of ₱1.7 billion [95, 107] - Maynilad successfully completed an IPO on the Philippine Stock Exchange in November 2025, selling 30% of its enlarged share capital [76] Capital and Strategic Position - First Pacific maintains a Gross Asset Value of $5.3 billion, with a diversified portfolio weighted toward consumer foods (34%) and infrastructure (32%) [9, 11, 134] - Head Office net debt decreased to $1.32 billion, with an interest coverage ratio of 4.5x and investment-grade credit ratings from S&P and Moody's [23, 131]