Heavy rains during the third quarter of the year helped lift revenues of publicly-listed run-of-river hydropower developer Repower Energy Development Corp. (REDC) to P526.7 million, the company announced Wednesday.

In a disclosure with the Philippine Stock Exchange (PSE), REDC, a subsidiary of Pure Energy Holding, said revenues rose 33 percent from P396.6 million same period last year.

Net income surged by 110 percent to P226.1 million, from year-ago’s P107.7 million, it said.

For the third quarter alone, revenues went up 43 percent to P167 million, and net income by 527.73 percent to P74 million, against P11 million from a year ago.

“The strong results stemmed from better weather conditions, adherence to standard operating procedures, leading in turn to higher operational efficiency in its existing hydropower plants and tighter overhead cost control,” the disclosure said.

The company also said its Board of Directors, during their meeting on Tuesday, also approved the declaration of a cash dividend of P0.08 per share to all stockholders, to be made on Jan. 12, 2026.

REDC WEBSITE PHOTO