FIRST PACIFIC (00142) announced the operating results for the three months ended March 31, 2026, of its associated company Metro Pacific Investments Corporation (MPIC), in which it holds an approximate 49.9% economic interest. MPIC achieved a consolidated core net profit of 69 billion pesos, a 5% increase compared to 66 billion pesos in the same period last year. This growth demonstrates the group's resilience amid rising energy prices and a more volatile global environment. The performance was primarily driven by the power and healthcare segments, with operating contributions rising by 4%, supported by increased electricity generation and a higher number of patients. This was partially offset by a decline in contributions from the water business, following the post-listing equity dilution of Maynilad Water Services, Inc. (MAYNILAD) after its record-setting IPO in November 2025. The power segment remained the largest contributor, accounting for 51 billion pesos, or 62% of the net operating profit. The water and toll road businesses contributed 15 billion pesos and 14 billion pesos, respectively, together representing 36% of the net operating profit. The reported net profit declined year-on-year, primarily due to a one-time gain from the sale of Philippine Coastal Storage and Pipeline Corporation included in the prior year's results.