Newsletter: ACR Net Income Rises 11% in 2024

[THIS IS A PRESS RELEASE]

Alsons Consolidated Resources (ACR), the publicly listed company of the Mindanao-focused Alcantara Group, reported an 11% increase in its net income for 2024 – rising to Php2.53 billion from Php2.28 billion in 2023. This growth was primarily driven by rising electricity demand, favorable trading opportunities in the Wholesale Electricity Spot Market, and the successful launch of its Retail Electricity Supply (RES) unit. Furthermore, the company’s performance last year reflects the value of  ACR’s strategic initiatives and investments and its continued commitment to expanding its presence in the energy sector while capitalizing on market dynamics.

Newsletter: Alsons Power: Energizing Mindanao's Path to Growth and Development

[THIS IS A PRESS RELEASE]

“Alsons Power is helping unlock the vast potential of Mindanao, fueling communities, and driving sustainable economic growth while prioritizing environmental stewardship,” said Antonio Miguel “Anton” Alcantara, CEO of Alsons Power, at the 33rd Mindanao Business Conference (MinBizCon). The event, held at the KCC Convention Center in General Santos City, brought together key leaders to discuss the future of the region’s economy.

As the power business unit of the Alcantara Group—a Mindanao-focused enterprise with significant investments in energy, agriculture, and real estate—Alsons Power plays a crucial role in supporting the region’s rapid development.