- Business
- First Pacific Company Limited First Pacific Company Limited (HKEX: 142) is a Hong Kong-based investment holding company focused on value-enhancing investments in Asia-Pacific, primarily in consumer food products, telecommunications, infrastructure, and natural resources. The company maintains substantial economic interests in key portfolio companies, including 50.1% in PT Indofood Sukses Makmur Tbk ("Indofood"), Indonesia's largest vertically integrated food producer offering branded instant noodles such as Indomie, noodles, dairy products, food seasonings, snack foods, flour, and agribusiness operations spanning plantations, edible oils, and branded meats; 25.6% in PLDT Inc. ("PLDT"), the Philippines' leading integrated telecommunications and digital services provider with mobile services via Smart Communications, fixed broadband, enterprise solutions, and fintech through Maya; 49.9% in Metro Pacific Investments Corporation ("MPIC"), a major Philippine infrastructure manager with holdings in electricity distribution and generation via Manila Electric Company ("Meralco"), toll roads through Metro Pacific Tollways Corporation, water distribution via Maynilad Water Services, healthcare via Metro Pacific Hospitals, light rail, real estate, and agribusiness; 69.5% in FPM Power Holdings Limited (encompassing PacificLight Power Pte. Ltd., operator of an efficient gas-fired power plant in Singapore); 31.2% in Philex Mining Corporation, a leading Philippine producer of gold, copper, and silver; and 29.3% in PXP Energy Corporation, an upstream oil and gas exploration firm with multiple service contracts in the Philippines. Operations span Indonesia, the Philippines, Singapore, and other emerging Asian markets, with headquarters in Central, Hong Kong, and listing on the Hong Kong Stock Exchange since 1981.
In recent developments, First Pacific increased its economic and voting interests in MPIC to 49.9% and 61.8%, respectively, following transaction completions on 17 January 2025, enhancing control over its infrastructure portfolio. MPIC's subsidiary Metro Pacific Tollways Corporation ("MPTC") completed the acquisition of a 55.4% interest in Egis Investment Partners on 14 March 2025, bolstering toll road operations. The company reported recurring profit growth of 11.4% to US$672.5 million for the 2024 fiscal year, with profit attributable to owners up 19.8% to US$600.3 million, alongside a proposed final distribution bringing the full-year payout to HK25.50 cents per share. Philex Mining advanced its Silangan copper-gold project toward first metal production, supporting natural resources growth. These moves reflect ongoing strategic expansions and portfolio optimization amid stable economic interests as of August 2025.