Business Segments First Gen Corporation

Stocks

FGEN

PHY2518H1143

Independent Power Producers

Market Closed - Philippines S.E. 02:54:06 2026-10-06 EDT			5-day change	1st Jan Change
19.52 ^PHP	+6.55%		+1.14%	+10.03%

09-21	PT Barito Renewables Energy Tbk canceled the acquisition of Energy Development Corporation from First Gen Corporation.	CI
09-21	Philippines' First Gen rules out geothermal unit sale amid takeover speculation	RE

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

EBT: Breakdown by Business Segment

Geographical Revenue Distribution History

Breakdown by Business Segment (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
Independent Power Producers and Energy Traders
First Gas Power Corporation (FGPC)	684M	946M	843M	870M	799M
Total Assets	714M	606M	661M	510M	447M
Interest Expense	-3.9M	-5.06M	-9.01M	-5.75M	-2.35M
Income Tax Expense	24.23M	29.37M	28.12M	32.39M	25.02M
EBT	151M	136M	132M	153M	136M
EBITDA	179M	187M	187M	201M	178M
D&A	36.16M	42.78M	43.84M	48.34M	36.86M
Net Income	127M	107M	103M	121M	111M
	-	-	-	-	70.02M
Energy Development Corporation (EDC) & Subsidiaries	763M	826M	809M	781M	789M
Total Assets	2.61B	2.58B	2.89B	3.21B	3.44B
Interest Expense	-59.83M	-53.12M	-57M	-63.86M	-84.93M
Income Tax Expense	20.17M	33.71M	28.32M	17.28M	9.76M
EBT	200M	234M	283M	176M	113M
EBITDA	365M	402M	437M	347M	321M
D&A	128M	116M	120M	116M	151M
Net Income	180M	200M	255M	158M	104M
FGP Corp. (FGP)	350M	448M	425M	439M	405M
Total Assets	452M	554M	603M	441M	375M
Interest Expense	-4.41M	-8.38M	-16.11M	-13.37M	-7.99M
Income Tax Expense	16.84M	16.39M	14.54M	15.25M	14.6M
EBT	66.84M	65.19M	58.04M	61.36M	60.14M
EBITDA	89.79M	91.62M	92.28M	93.14M	85.27M
D&A	22.25M	21.6M	23.66M	24.09M	20.98M
Net Income	50M	48.8M	43.5M	46.11M	45.54M
	-	-	-	-	799M
First Gen Hydro Power Corporation (FG Hydro) & Fresh River Lakes Corporation (FRLC)	-	-	-	68.1M	102M
Total Assets	-	-	-	617M	746M
Interest Expense	-	-	-	-23K	-11.66M
Income Tax Expense	-	-	-	516K	5.8M
EBT	-	-	-	26.44M	48.62M
EBITDA	-	-	-	37.66M	73.22M
D&A	-	-	-	15.56M	16.77M
Net Income	-	-	-	25.92M	42.82M
First Natgas Power Corp. (FNPC)	188M	275M	273M	168M	70.02M
Total Assets	415M	404M	421M	373M	304M
Interest Expense	-7.03M	-6.11M	-5.36M	-4.54M	-3.05M
Income Tax Expense	8.64M	11.04M	6.3M	7.98M	1.14M
EBT	17.79M	22.01M	31.57M	16.41M	-4.86M
EBITDA	49.02M	50.77M	58.18M	44.03M	16.75M
D&A	23.07M	22.84M	22.68M	22.49M	19.96M
Net Income	9.15M	10.97M	25.27M	8.43M	-6.01M
	-	-	-	-	42.44M
Prime Meridian	76.75M	88.97M	77.88M	76.49M	42.44M
Total Assets	160M	138M	122M	106M	91.39M
Interest Expense	-185K	-2.01M	-2.37M	-1.08M	-73K
Income Tax Expense	4.83M	3.99M	4.1M	3.38M	2.74M
EBT	28.2M	19.42M	19.45M	12.35M	11.1M
EBITDA	27.07M	21.62M	23.76M	17.62M	15.16M
D&A	4.82M	5.01M	4.89M	4.96M	4.36M
Net Income	23.37M	15.43M	15.34M	8.96M	8.36M
	-	-	-	-	102M
First Gen Hydro Power Corporation (FG Hydro)	101M	75.14M	38.33M	-	-
Total Assets	118M	107M	112M	-	-
Interest Expense	-37K	-28K	-7K	-	-
Income Tax Expense	447K	-351K	288K	-	-
EBT	6.18M	6.92M	6.14M	-	-
EBITDA	15.18M	15.04M	12.65M	-	-
D&A	9.14M	8.46M	8.34M	-	-
Net Income	5.74M	7.27M	5.85M	-	-
	-	-	-	-	405M
Discontinued Operations	-	-	-	-	-1.42B
Total Assets	-	-	-	-	-1.66B
Interest Expense	-	-	-	-	12.76M
Income Tax Expense	-	-	-	-	-45.18M
EBT	-	-	-	-	-245M
EBITDA	-	-	-	-	-377M
D&A	-	-	-	-	-124M
	-	-	-	-	789M
	-	-	-	-	-1.42B
Natural Gas Pipelines
Lng	-	-	-	-	105M
Total Assets	-	-	-	-	447M
Interest Expense	-	-	-	-	-719K
Income Tax Expense	-	-	-	-	1.72M
EBT	-	-	-	-	39.43M
EBITDA	-	-	-	-	75.64M
D&A	-	-	-	-	43.15M
Net Income	-	-	-	-	37.7M
	-	-	-	-	105M
Construction Support Services
Others	18.11M	22.07M	25.44M	15.25M	18.74M
Total Assets	5.77B	5.89B	6.35B	7.01B	5.24B
Interest Expense	-12.32M	-11.8M	-11.09M	-29.63M	-17.28M
Income Tax Expense	-1.29M	115K	-663K	5.76M	1.3M
EBT	-29.78M	-20.87M	16.83M	-22.11M	99.1M
EBITDA	-22.52M	-23.58M	-51.78M	-77.62M	-82.92M
D&A	788K	766K	6.24M	45.94M	421K
Net Income	-28.48M	-20.98M	17.5M	-27.87M	97.8M
	-	-	-	-	18.74M
Eliminating Entries	-13.06M	-14.44M	-17.5M	-9.06M	-4.02M
Total Assets	-4.73B	-4.9B	-5.04B	-5.67B	-2.93B
Interest Expense	2.35M	3.21M	4.5M	4.08M	3.22M
Income Tax Expense	-	-	-	-	-
EBT	-12.25M	796K	-16.2M	-2.74M	-3.83M
EBITDA	6.54M	6.47M	21.78M	110M	15.52M
D&A	-	-	-	-	-
Net Income	-12.25M	796K	-16.2M	-2.74M	-3.83M

Geographical breakdown of sales (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
Philippines	2.17B	2.67B	2.47B	2.41B	906M
Total Assets	5.5B	5.38B	6.13B	6.59B	6.49B
Interest Expense	-83.34M	-80.68M	-93.13M	-111M	-110M
Income Tax Expense	73.86M	94.27M	81.01M	82.56M	16.9M
D&A	227M	220M	233M	281M	171M
CAPEX	-320M	-249M	-397M	-723M	-438M
Net Income	258M	261M	312M	253M	371M
EBT	428M	464M	530M	420M	254M