Maharlika weighs up to three more investments before end of 2026
The potential deals could add ₱2.5 billion to ₱4 billion in capital deployment, but the fund manager expects to miss its annual target.
Maharlika Investment Corp. (MIC) is weighing additional investments that could increase its capital deployment by as much as ₱4 billion before 2026 ends, according to president and chief executive officer Rafael Consing Jr.
At a briefing in Taguig City on November 5, Consing said he expected announcements on two or three transactions before year-end. The proposals span utilities and infrastructure, industrials, and agriculture, and need board approval. He withheld details pending the signing of agreements.
Consing put the possible additional deployment at ₱2.5 billion to ₱4 billion if all three transactions proceed. However, he said MIC, which manages the Philippines’ sovereign wealth fund, was unlikely to achieve its ₱35 billion deployment goal for the year.
For the first nine months of 2026, MIC deployed ₱18.77 billion. This included ₱15 billion lent to Petron Corp. for working capital and ₱3.68 billion in additional cash payments to acquire Asian Terminals Inc. (ATI) shares.
Separately, MIC said third-quarter net income reached ₱941 million, a 49 per cent increase from ₱629 million a year earlier. It attributed the improvement to earnings contributions from ATI and interest earned on the Petron loan.
Over the first nine months, net income increased 24 per cent to ₱2.18 billion, MIC reported. Comprehensive income rose 32 per cent to ₱2.85 billion, while revenue increased 17 per cent to ₱2.41 billion.
