2018 Performance Report
Operational HighlightsMaintaining our Strong Financial Position
At a Glance
In 2018, total core revenue saw 14.2% increase from the PhP33.3 billion in 2017.
more customers partnered with EDC
Php 9B Recurring Net Income Attributable to EDC
we exceeded power generation targets, with and recurring net income attributable (RNIA) in 2018
8,945.3 gigawatt hours (GWh) in generated total energy sales
a 12.5% increase from 2017
In 2018, prudent planning and proper management of costs enabled EDC to effectively maintain its strong financial position, bolstered by the excellent performance of its individual business units. Following our strategic investments to build resilience into our operations, our business units not only met but exceeded our targets for power generation and recurring net income attributable (RNIA) in 2018.
In 2018, total core revenue amounted to PhP38 billion (with PRFRS 15 adoption), a 14.2% increase from the PhP33.3 billion in 2017. Had the Philippine Financial Reporting Standards (PFRS) 15 been applied in 2017, this would have resulted in a revenue of PhP34.5 billion.
This strong financial performance is bolstered by a higher generated total energy sales of 8,945.3 gigawatt hours (GWh), a 12.5% increase from our 7,951.4 GWh generated total energy sales in 2017. If the PFRS 15 were applied in 2017, energy sales would have amounted to 8,437.9 GWh. This increase in total company revenue is also attributable to our expanded customer base. In 2018, we saw an increase in both the number of our customers, and the number of customer facilities that we serve.
The Company’s common equity was listed in the Philippine Stock Exchange (PSE) on December 13, 2006 at an Initial Public Offering price of PHP3.20 per share (pre-July 2009 25 percent stock dividend).
The total number of stockholders as of December 31, 2018 was 593. For the year 2018, EDC recorded the following highest and lowest share prices:
Our Economic Performance
Our 2018 Sustainability Report
Our Performance Report tells the story of our efforts to achieve our business objectives, hand-in-hand with our sustainability aspirations.