Philex Mining posts PHP 392 million 2Q net profit as Padcal operations normalize

Reuters2026/07/29 01:06

By:Reuters

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First Pacific portfolio company Philex Mining posted PHP 392.11 million net income in 2Q 2026, reversing a PHP 592.48 million loss in 1Q.
Core net income rose to PHP 492.42 million from a PHP 280.51 million core loss; EBITDA improved to PHP 973.64 million from negative PHP 129.13 million.
Net revenue climbed to PHP 2.42 billion from PHP 1.08 billion; Padcal tonnes milled rose to 1,560,000 from 931,000.
Gold output increased to 4,011 ounces from 2,227; copper output rose to 3,388,000 pounds from 1,870,000.
Silangan process plant commissioning continued; process plant completion targeted in 4Q 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Pacific Company Limited published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Philex Mining posts PHP 392 million 2Q net profit as Padcal operations normalize

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