ACEN Corporation, the energy company owned by the Ayala Group, announced that it earned ₱3.9 billion in the first six months of 2026. This is a huge jump of 411% compared to what they made during the same period last year, according to their disclosure to the Securities and Exchange Commission (SEC) on August 11, 2026.

What Does ACEN Do?

Think of ACEN as a company that makes electricity – but only from clean, renewable sources like wind, solar, and geothermal energy (heat from the earth). They don’t use coal or gas. They operate in the Philippines and several other countries including Australia, India, Vietnam, and Lao PDR.

Why Did They Make More Money?

ACEN made more money for several reasons:

• More electricity produced: Their renewable energy facilities generated 4,024 GWh (gigawatt-hours – that’s a LOT of electricity) in the first half of 2026, which is 21% more than the same time last year
• Better market conditions: Electricity prices in the Philippines went up by 29% to ₱4.90 per kilowatt-hour because more people needed electricity, it was summer (when people use more aircon), and some other power plants had problems
• More customers: Their retail business (ACEN RES), which sells electricity directly to businesses, grew to 587 MW of customers – that’s 22% more than at the end of 2025
• New facilities started working: Some of their new wind and solar farms that were just built started making electricity

How Big Is ACEN Now?

ACEN now has the capacity to generate 7,517 MW (megawatts) of renewable energy. To help you understand how much that is, it’s enough to power millions of homes. About 57% of their facilities are already working, while the rest are still being built.

During the first half of 2026, they even started building battery storage systems – these are like giant rechargeable batteries that can store electricity when there’s too much and release it when it’s needed. They’re building 775 MW/1,660 MWh worth of these batteries in the Philippines.

Performance in Different Countries

Philippines

In the Philippines, ACEN’s facilities produced 1,091 GWh of electricity, up 17% from last year. This was mainly because their wind farms in Ilocos Norte (Pagudpud and Capa 2) worked better. The Philippine operations earned ₱23.6 billion in revenues (up 41%) and ₱6.6 billion in EBITDA (up 48%). EBITDA is a way to measure how much money a company makes from its actual business operations.

Australia

In Australia, ACEN produced 862 GWh, which is 56% more than last year. This increase came from their Stubbo Solar farm running for a full period and their New England Solar farm having fewer interruptions. They’re also building a 200 MW/400 MWh battery storage system that should be ready by the end of 2026.

India

In India, they produced about the same amount of electricity (476 GWh) but made more money (EBITDA up 31% to ₱764.4 million) because they spent less on operations. They have several new projects under construction expected to finish by end-2027.

Other Markets

In Vietnam and Lao PDR (the Mekong region), they produced 996 GWh, up 19% from last year, mainly because their Monsoon Wind farm in Lao PDR had its first full six months of operation. In Indonesia, their geothermal plants (which use heat from volcanoes to make electricity) produced 6% more power than last year.

Financial Position

At the end of June 2026, ACEN had total assets worth ₱395.0 billion (up 9% from December 2025) and cash of ₱20.2 billion. The company’s debt increased to ₱168.4 billion as they continued spending money to build new projects, resulting in a net debt to equity ratio of 1.03.

Community Programs

ACEN partnered with BPI Foundation in June 2026 to teach financial literacy to 3,000 people in communities where their facilities are located. They also partnered with BDO Network Bank in July 2026 to help over 300 farmers and seedling producers access digital banking services.

What the Leaders Said

According to the press release, ACEN President and CEO Eric Francia said the performance shows the company’s recovery from previous challenges and represents a phase of measured growth. CFO Jonathan Back mentioned that ACEN plans to benefit from the global shift toward renewable energy while maintaining financial discipline and controlling costs.

About ACEN’s Stock

ACEN Corporation trades on the Philippine Stock Exchange under the ticker symbol ACEN (PSE:ACEN). According to the disclosure, the company has 39,951,435,064 common shares outstanding, plus preferred shares.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.