Yuchengco-led PetroEnergy Resources Corp. (PERC) reported a 30% decline in net income for 2025, as higher financing costs linked to its renewable energy projects weighed on earnings.
In a stock exchange disclosure on Thursday, the company said consolidated net income fell to P618.33 million from P881.41 million in the previous year.
PERC attributed the drop to increased interest expenses and other financing charges associated with its expansion into renewable energy sources, including solar and wind power.
The company is a key player in the Philippines' energy sector, with investments spanning oil and gas, geothermal, and renewables. Despite the profit dip, PERC continues to pursue its renewable energy pipeline as part of the country's shift toward cleaner power.