Company Manila Electric Company

Equities

MER

PHY5764J1483

Electric Utilities

End-of-day quote Philippines S.E. 07:00:00 2024-03-26 pm EDT 5-day change 1st Jan Change
357 PHP -1.11% Intraday chart for Manila Electric Company -0.50% -10.53%

Business Summary

Manila Electric Co. is a electric distribution utility company in the Philippines covering 39 cities and 72 municipalities. The Company operates through two segments: Power and Other Services. The Power segment consists of electricity distribution, power generation and rental electricity services (RES). Electricity distribution includes electricity distribution and supply of power on a pass-through basis covering all captive customers in the MERALCO and the Clark Electric franchise areas in Luzon. The other services segment is involved principally in electricity-related services, such as, electro-mechanical engineering, construction, consulting and related manpower services, e-transaction and bills collection, telecommunications services, rail-related operations and maintenance services, insurance and re-insurance, e-business development, power distribution management, energy systems management and harnessing renewable energy, construction, and leasing of communication towers.

Number of employees: 5,815

Sales per Business

PHP in Million2022Weight2023Weight Delta
Power
97.0 %
413,950 97.1 % 430,181 97.0 % +3.92%
Other Services
4.0 %
17,012 4.0 % 17,848 4.0 % +4.91%
Inter-segment Transactions
-1.0 %
-4,433 -1.0 % -4,417 -1.0 % -0.36%

Sales per region

PHP in Million2022Weight2023Weight Delta
Philippines
100.0 %
426,529 100.0 % 443,612 100.0 % +4.01%

Managers

Managers TitleAgeSince
Chief Executive Officer 76 09-05-25
Director of Finance/CFO 62 09-05-25
Compliance Officer - 21-12-31
Chief Operating Officer - -
Compliance Officer 62 11-12-31
Compliance Officer - -
Chief Tech/Sci/R&D Officer 48 19-05-31
Director/Board Member 67 09-05-25
Corporate Officer/Principal - 19-05-31
Comptroller/Controller/Auditor 53 -

Members of the board

Members of the board TitleAgeSince
Chief Executive Officer 76 09-05-25
Director/Board Member 57 13-12-15
Director/Board Member 84 13-12-15
Director/Board Member 67 09-05-25
Director/Board Member 68 10-05-24
Director/Board Member 71 19-05-27
Director/Board Member 74 -
Director/Board Member 71 12-05-28
Director/Board Member 53 Jan. 28
Director/Board Member 87 07-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,127,000,000 244,408,769 ( 21.69 %) 172,412 ( 0.0153 %) 21.69 %

Shareholders

NameEquities%Valuation
534,966,042 47.46 % 3 711 M ₱
297,189,397 26.37 % 2 062 M ₱
ATP Fondsmaeglerselskab A/S
0.1873 %
2,111,172 0.1873 % 15 M ₱
Sjunde AP-fonden
0.0520 %
586,460 0.0520 % 4 M ₱
Nomura Asset Management Europe KVG mbH
0.0488 %
550,000 0.0488 % 4 M ₱
Philequity Management, Inc.
0.0413 %
465,104 0.0413 % 3 M ₱
Fiera Holdings, Inc.
0.0293 %
330,000 0.0293 % 2 M ₱
Sun Life Asset Management Co., Inc.
0.0251 %
283,280 0.0251 % 2 M ₱
Fideuram Asset Management (Ireland) DAC
0.0206 %
232,320 0.0206 % 2 M ₱
Northern Trust Fund Managers (Ireland) Ltd.
0.0193 %
217,610 0.0193 % 2 M ₱

Holdings

NameEquities%Valuation
15,700,000,000 31.35% 307,249,000 $

Company contact information

Manila Electric Co.

Lopez Building Ortigas Avenue, 8th Floor

1605, Pasig

+63 8 632 8014

http://www.meralco.com.ph
address Manila Electric Company(MER)