Alternergy Holdings Corporation Posts 4% Hike in Revenues

Renewable energy pioneer Alternergy (ALTER) recorded a 4% increase in operating revenues in the second quarter of fiscal year 2026, rising to ₱188 million from ₱181 million.

Alternergy said it maintained a healthy cash position of ₱5 billion following capital infusions and dividend payments, while total assets rose 26% to ₱22.5 billion from ₱17.9 billion. (Photo: Alternergy Holdings Corporation Facebook)

The uptick was driven by test revenues from the 28-MWp Balsik Solar Power Plant during its testing and commissioning phase. The facility contributed about 7% of total operating revenues, or roughly ₱13 million.

Located in Hermosa, Bataan, the plant began commercial operations in January.

“This demonstrates the start of a steady flow of revenues to the company and to our shareholders as Alternergy begins inaugurating in 2026, one by one, the four projects across our Triple Play portfolio of solar, wind and hydro resource technologies,” said Alternergy President Gerry P. Magbanua.

The four projects have a combined capacity of 225 megawatts.

“We expect to see a further boost in our operating revenues and overall financial performance in the months ahead as all these projects come on stream in 2026,” he added.

ALTER’s other operating assets — the 12.5-MW Kirahon Solar Power Plant, the Palau Solar Power Project (15.3 MWp solar PV with a 12.9-MWh battery energy storage system), and the portfolio of CityMall rooftop projects — delivered stable performance during the period.

Operating revenues from the 54-MW Pililla Wind Farm, however, declined due to weaker wind resources.

Alternergy said it maintained a healthy cash position of ₱5 billion following capital infusions and dividend payments, while total assets rose 26% to ₱22.5 billion from ₱17.9 billion.

Equity infusions amounting to ₱5.8 billion have been recorded to complete the construction of the Tanay Wind, Alabat Wind, and Balsik Solar projects, while project finance drawdowns so far total ₱11.8 billion.

EBITDA jumped 36% to ₱241 million from ₱177 million, supported by stronger energy generation, cost efficiencies, and improved gross profit. Net income was steady at ₱84 million.