Manila Electric Company
MAEOY
Other OTC18.95
USD
-0.59
- -
ISIN
US5632457033
CUSIP
563245703
Return %
Stock
S&P500
1Y
7.98
26.53
3Y
61.28
76.60
5Y
69.20
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Manuel Velez Pangilinan
- Full Time Employees
- 5,815
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- Lopez Building Pasig Philippines 1605
- IPO Date
- Jun 10, 2013
- Website
- meralco.com.ph
- Similar Companies
- Business
- Manila Electric Company (Meralco) operates as the Philippines' largest private sector electric distribution utility, serving approximately 8.11 million customers across a franchise area spanning 39 cities and 72 municipalities, covering 9,685 square kilometers that includes Metro Manila and key exurbs. The company distributes electricity to residential, commercial, and industrial customers, representing about 55% of the country's electricity output from just 3% of its land area; it sources power primarily from the National Power Corporation and independent power producers. Meralco provides a comprehensive suite of energy solutions and services, including end-to-end energy management, customer choice programs for renewable energy suppliers, engineering and design, construction and consulting, bill collection, distribution and energy efficiency optimization, communications and information technology systems, and programs such as Power Ideas for efficient business energy use and Power Up Forum workshops. Founded in 1903 as the Manila Electric Railroad and Light Company and headquartered at Meralco Center, Ortigas Avenue in Pasig City, Meralco focuses on the electric power distribution industry, targeting end-users in the country's industrial, commercial, and population centers while emphasizing innovation, sustainability, customer service, and renewable energy integration. In recent developments, Meralco taps a P75 billion 12-year credit facility from BDO Unibank, Bank of the Philippine Islands, and Metropolitan Bank and Trust in 2025 to fund capital spending expansions amid robust economic growth, including investments in the $4 billion Terra Solar project in Central Luzon and liquefied natural gas facilities. Its subsidiary Meralco PowerGen (MGEN) unit MGreen forms a strategic partnership with Actis, closing a US$600 million investment in MTerra Solar in March 2025 to develop 3,500 MWp solar photovoltaic capacity and 4,500 MWh battery energy storage systems. Meralco advances joint venture proposals with Batangas Electric Cooperative I and II to enhance electricity service in Batangas province, supporting industrialization, while pursuing nuclear feasibility studies with France and PPA extensions for energy security.