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PRESS RELEASE FINANCIAL AND OPERATING RESULTS FOR THE SIX ( 6 ) MONTHS ENDED JUNE 30 , 2026 WITH COMPARATIVES FOR 2025 MERALCO FIRST SEMESTER HIGHLIGHTS • - CONSOLIDATED CORE NET INCOME ( CCNI ) GROWING 3.8 % TO PESOS 26.5 BILLION AND CONSOLIDATED REPORTED NET INCOME ( CRNI ) INCREASING 11 % TO PESOS 26.3 BILLION REFLECTING THE RESILIENCE OF ITS DIVERSIFIED ENERGY PORTFOLIO AMID THE VOLATILE ENERGY ENVIRONMENT • CORE EARNINGS PER SHARE ( EPS ) STOOD AT PESOS 23.516 ; REPORTED EPS AT PESOS 23.330 • • CORE EARNINGS BEFORE INTEREST , TAXES , DEPRECIATION , AND AMORTIZATION ( EBITDA ) WAS AT PESOS 44.8 BILLION , UP 4 % WITH THE DISTRIBUTION UTILITY ( DU ) AND POWER GENERATION CORE EBITDA ACCOUNTING FOR 54 % AND 36 % OF THE TOTAL , RESPECTIVELY CCNI ATTRIBUTABLE TO MERALCO POWERGEN CORPORATION ( MGEN ) ROSE 11 % TO PESOS 10.5 BILLION , OWING TO HIGHER ENERGY OUTPUT , AND CONTRIBUTIONS FROM ITS DOMESTIC LIQUEFIED NATURAL GAS ( LNG ) INVESTMENTS AND RENEWABLE ENERGY PROJECTS THE RETAIL ELECTRICITY SUPPLY ( RES ) BUSINESS CONTINUED TO GROW AS MORE CUSTOMERS PARTICIPATED IN CUSTOMER CHOICE PROGRAMS SYSTEM - WIDE SALES VOLUME COVERING THE DU , POWER GENERATION , AND RES STOOD AT 34,328 GWH • MGEN'S MTERRA SOLAR INAUGURATED ITS PHASE 1 IN JULY , MARKING THE FACILITY'S READINESS TO COMMERCIALLY DELIVER 600 MW ; WITH 250 MW UNDER PHASE 2 TARGETED FOR COMPLETION IN 2027 • THE BOARD OF DIRECTORS ( BOD ) APPROVED INTERIM CASH DIVIDENDS OF PESOS 11.758 PER SHARE PAYABLE TO SHAREHOLDERS OF RECORD AS OF AUGUST 28 , 2026 ; DIVIDEND PAYOUT AT 50 % OF CORE EPS FINANCIAL PERFORMANCE MANILA , Philippines , July 29 , 2026 - Manila Electric Company ( Meralco or the Company ) today reported that CCNI in the first half of the year was at Pesos 26.5 billion , up 3.8 % from Pesos 25.5 billion in the same period last year . Despite modest electricity sales performance , the DU remained the primary contributor with 48 % or Pesos 12.7 billion share ; the Power Generation business brought in 39 % or 1