Meralco

OverviewSuggest Edit

Meralco (also known as Manila Electric Company) is an electric utility company. It provides engineering, procurement, construction, and maintenance services related to power generation, transmission, and distribution. The company serves commercial, residential, and industrial sectors.

TypePublic
Founded1903
HQPasig, PH
Websitemeralco.com.ph

Latest Updates

Employees (est.) (Apr 2022)5,815
Revenue (FY, 2020)₱275.3 B(-13%)
Cybersecurity ratingDMore
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Key People/Management at Meralco

Cecilia M. Domingo

Cecilia M. Domingo

Vice President, Head of Corporate Business Group
Simeon Ken R. Ferrer

Simeon Ken R. Ferrer

Corporate Secretary
Manuel V. Pangilinan

Manuel V. Pangilinan

Chairman
Bezie Mae L. Mina

Bezie Mae L. Mina

Industry Team Lead, Corporate Business Manager
Ray C. Espinosa

Ray C. Espinosa

President, Chief Executive Officer , Director
Lance Y. Gokongwei

Lance Y. Gokongwei

Vice-Chairman
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Meralco Office Locations

Meralco has an office in Pasig
Pasig, PH (HQ)
Lopez Building Meralco Center, Ortigas Ave
Pasig, PH
Ortigas Center
Show all (2)

Meralco Financials and Metrics

Meralco Revenue

Meralco's revenue was reported to be ₱275.3 b in FY, 2020
PHP

Revenue (Q3, 2021)

82.6b

Gross profit (Q3, 2021)

27.8b

Net income (Q3, 2021)

6.9b

EBITDA (Q3, 2021)

11.9b

EBIT (Q3, 2021)

8.8b

Cash (30-Sept-2021)

43.6b
Annual
PHPFY, 2018FY, 2019FY, 2020

Revenue

304.5b318.3b275.3b

Cost of goods sold

(235.1b)(243.6b)(204.4b)

Gross profit

70.3b75.8b71.2b
Quarterly
PHPQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

75.4b89.6b76.2b70.0b72.2b72.0b64.7b84.4b82.6b

Cost of goods sold

(58.7b)(67.9b)(56.7b)(51.8b)(52.3b)(52.0b)(47.5b)(61.0b)(55.2b)

Gross profit

16.7b21.7b19.7b18.4b20.0b19.9b17.2b24.1b27.8b
Annual
PHPFY, 2018FY, 2019FY, 2020

Cash

36.5b38.3b50.9b

Accounts Receivable

28.5b30.6b52.4b

Prepaid Expenses

5.4b4.9b

Inventories

3.8b4.6b5.5b
Quarterly
PHPQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

36.1b27.3b24.7b57.5b27.6b31.7b63.0b51.8b43.6b

Accounts Receivable

26.3b31.3b26.4b33.8b64.1b60.3b45.4b46.4b46.5b

Prepaid Expenses

5.1b5.1b6.3b6.0b6.1b5.0b6.9b7.6b7.0b

Inventories

4.5b3.7b4.3b5.0b5.4b5.7b7.4b7.6b8.6b
Annual
PHPFY, 2018FY, 2019FY, 2020

Net Income

30.5b31.9b22.4b

Depreciation and Amortization

7.8b8.7b8.6b

Inventories

(482.0m)(746.0m)(926.0m)

Accounts Payable

11.3b1.4b18.2b
Quarterly
PHPQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

7.5b15.8b24.3b3.8b8.4b14.4b10.1b17.3b25.9b

Depreciation and Amortization

1.9b4.4b6.4b2.1b4.0b6.1b2.1b5.5b8.6b

Inventories

(687.0m)89.0m(467.0m)(445.0m)(824.0m)(1.2b)302.0m59.0m(950.0m)

Accounts Payable

(257.0m)1.7b(7.6b)9.3b15.7b3.8b(10.7b)2.1b(596.0m)
PHPFY, 2018

Revenue/Employee

54.3m
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Meralco Revenue Breakdown

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Meralco revenue breakdown by business segment: 97.3% from POWER DISTRIBUTION and 2.7% from Other

Meralco Cybersecurity Score

Cybersecurity ratingPremium dataset

D

63/100

SecurityScorecard logo

Meralco Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Meralco Online and Social Media Presence

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Meralco News and Updates

Meralco expands San Pablo II Substation in Laguna

Meralco recently commissioned new 83 MVA transformer bank no. 2 for San Pablo II 115 kV-34.5kV Substation in Cosico Avenue, San Pablo City, Laguna. This resolved the critical loading of the existing 83 MVA transformer bank.

Management changes at Meralco power subsidiary seen

Top management changes are being firmed up to be enforced by the end of this month at the Meralco PowerGen Corporation (MGen), the power generation arm of Manila Electric Company (Meralco), according to highly placed sources.

Congressman urges Meralco to extend ‘no disconnection’ period

A CONGRESSMAN has urged Manila Electric Co. (Meralco) to extend the period within which it does not charge fees and disconnect past due accounts by six more months amid a coronavirus pandemic. “The six-month extension of the no disconnection period would be enough time for electricity consumers t…

Meralco bringing back convenience fee at 'reduced' P15

The Philippines' biggest power distributor Manila Electric Company (Meralco) will be charging consumers a convenience fee for online transactions again, around a year after it suspended the fee. In a message to consumers, Meralco said it is reinstating a "reduced" convenience fee starting June 1.

Meralco close to 100% electrification target

The Manila Electric Co. (Meralco) is inching closer to achieving its 100-percent electrification target by June after energizing nearly its entire franchise area, its executive said on Tuesday. Ray Espinosa, Meralco president and chief executive officer, said during the listed firm's annual stock…

Meralco says sales in April rose 3% after lax ECQ rules

Manila Electric Co., the biggest retailer of electricity, posted a three-percent increase in sales in April, reflecting a recovery from demand year-on-year
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Meralco Blogs

Meralco Advisory - September 2019

Meralco Advisory - September 2019 indy.lejano Thu, 09/12/2019 - 11:20 September 12, 2019

Meralco Advisory - July 2019

Meralco Advisory - July 2019 indy.lejano Mon, 07/15/2019 - 14:37 July 15, 2019

Invitation to Bid

Invitation to Bid melody.legaspi Fri, 07/12/2019 - 09:44

Invitation to Qualify

Invitation to Qualify melody.legaspi Wed, 06/12/2019 - 11:03

Meralco Advisory - June 2019

Meralco Advisory - June 2019 marj.caamic Mon, 06/10/2019 - 10:06 June 10, 2019

Meralco to Invest in 1,000MW Green Energy Projects

Meralco to Invest in 1,000MW Green Energy Projects melody.legaspi Tue, 06/04/2019 - 16:35

Meralco Frequently Asked Questions

  • When was Meralco founded?

    Meralco was founded in 1903.

  • Who are Meralco key executives?

    Meralco's key executives are Cecilia M. Domingo, Simeon Ken R. Ferrer and Manuel V. Pangilinan.

  • How many employees does Meralco have?

    Meralco has 5,815 employees.

  • What is Meralco revenue?

    Latest Meralco annual revenue is ₱275.3 b.

  • What is Meralco revenue per employee?

    Latest Meralco revenue per employee is ₱47.3 m.

  • Who are Meralco competitors?

    Competitors of Meralco include NGCP, Oncor Electric Delivery Company and Evergy.

  • Where is Meralco headquarters?

    Meralco headquarters is located at Lopez Building Meralco Center, Ortigas Ave, Pasig.

  • Where are Meralco offices?

    Meralco has an office in Pasig.

  • How many offices does Meralco have?

    Meralco has 2 offices.