Sanyo Denki Philippines Inc., a subsidiary of Japanese multinational firm Sanyo Denki Co. Ltd., has tapped First Gen Corporation for supply of 100% renewable energy (RE) to drive its manufacturing facilities at the Subic Bay Freeport Zone in Zambales.Hirokazu Takeuchi (2nd from left), president and CEO of Sanyo Denki Philippines, and Jerome Cainglet, president and COO of First Gen subsidiary Energy Development Corporation, shake hands after signing an agreement for First Gen to supply electricity from an RE source to the manufacturing facilities of Sanyo Denki Philippines. Also in photo are Edmundo Minerva (left), Sanyo Denki Philippines division manager, and Carlo Vega, First Gen chief engagement officer

L-R: Mel Angelie Bacal, First Gen customer progress partner; Celestine Trinidad, First Gen customer experience head; Chloe Kayanan, First Gen customer progress partner lead; Arlene Soriano, First Gen VP and head of sales and marketing; Samuel Chioson, CEO of CDC and president of FLB Industries Inc.; Bernard Chioson, CDC COO; Charmaine Ngo, CDC VP; and Francheska Chioson and Katrina Chioson, FLB Prime Holdings executivesLopez Holdings Corporation investee First Philippine Holdings Corporation (FPH) posted a 20% increase in net income attributable to equity holders of the parent to P4.961 billion from P4.136 billion in 1Q2024. Sale of electricity accounted for 82% and 85% of FPH revenues in 1Q2025 and 1Q2024, respectively. Its real estate business was lifted by Rockwell Land Corporation’s higher sales bookings while sale of merchandise also saw an upswing in the volume of electrical transformers sold.

The Chioson Group of Companies and FLB Prime Holdings Inc., a Cebu-based steel manufacturer and property developer, have renewed their partnership with First Gen Corporation, the country’s leading provider of renewable energy (RE), for direct supply of geothermal power to the group’s business units in Cebu in line with its goal toward carbon neutrality.

First Gen Corporation reported a 4% decrease in attributable recurring net income for the first quarter of 2025 at $77 million (P4.49 billion) in comparison to $81 million (P4.52 billion) for the same quarter in 2024.