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FIRST PACIFIC’S 45 YEARS: BUILDING LEGACY AND VALUE

FIRST PACIFIC CELEBRATES 45 YEARS

From small beginnings to a regional group whose operations form the fabric of daily life, First Pacific reflects on its 45 years. The Company was founded in 1981 in Hong Kong with just six people, growing to a highperforming regional investment group with a portfolio spanning food, telecommunications, energy, infrastructure and more.

In this issue, First Pacific Managing Director and CEO Manuel V Pangilinan recounts the inspiring arc of the company’s history. He notes that the people at the heart of the organization – and the scale of their loyalty – are central to building an empire with an enduring legacy.

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Welcome to the June edition of The View and visit our online version at www.firstpacific.com/press/theview. It highlights stories from First Pacific and our investee companies with videos to bring the news, innovations and events to life. Please click in and let us know your feedback.

CONTENTS

1 A Word from the Chief

2 First Pacific: building a lasting legacy

6 First Pacific earnings rise to fifth successive record high

7 S&P lifts First Pacific rating to “BBB”

8 PLDT is first Southeast Asian telco to run conversational AI

8 Smart, Ericsson, Meta in joint network optimization

9 ePLDT partners with CSG for services transformation

10 PLDT showcases customer-first network transformation

10 MTerra Solar powers up 250 MW

12 From street stall to spotlight: Indomie Nyemek on The Block

13 ChocRocks tap into latest Korean flavor trends

14 Indofood reignites snack market with new products launch

15 Maya recognized by Forbes, The Asian Banker

16 PLDT reinforces leadership with S&P Yearbook 2026

16 Indofood’s Noodles Division marks global milestone

17 Axton Salim recognized at Indonesia’s top marketing awards

17 MPTC Sustainability Chief lauded by SEC

First Pacific Company Limited 24/F, Two Exchange Square

8 Connaught Place Central, Hong Kong SAR

Telephone: +852 2842 4388

www.firstpacific.com

PUBLISHER

Manuel V Pangilinan

EDITOR-IN-CHIEF

John Ryan

EXECUTIVE EDITORIAL ADVISOR

Sara Cheung

EDITORIAL AND DESIGN TEAM

Editor

Julia Brown

Production Director

Katy Li

Creative Director

Jan Adams

18 Maynilad IPO tops Alpha Southeast Asia Awards, wins IFR 2025 ESG Deal of the Year

18 Landco Pacific’s Nautilus takes top honors

19 MPH sweeps Healthcare Asia Awards 2026, GLOMO Award

20 Heritage in Motion: MPTC Tour of Luzon 2026

21 PLDT and Smart champion digital responsibility, accountability in AI use

22 Shore It Up! Tubbataha

24 Restoring Jakarta’s Ciliwung River, reimagining the city

25 Maynilad takes best practices to the classroom

First Pacific is a Hong Kong-based investment holding company with investments located in Asia-Pacific. The Company’s principal investments are in consumer food products, telecommunications, infrastructure, and natural resources.

Within these sectors, our mission is to unlock value by: Delivering dividend/distribution returns to shareholders

Delivering share price/value appreciation of First Pacific

Making further investments in value-enhancing businesses, taking into consideration all relevant criteria, including Environmental, Social and Governance (“ESG”) factors to better manage risk and generate sustainable long-term returns

A Word from the Chief

Fellow members of the First Pacific Community,

Our main feature in this issue of The View reports on our celebration of First Pacific’s 45th anniversary and I am sure that you – like me – will see it as a must-read for anyone who wants to understand the First Pacific story and how we got here. It is an enjoyable and fascinating tale.

Elsewhere in this issue you can read about our company delivering a fifth year in a row of successive record high in recurring income; in fact, fiscal 2025 was the seventh year in a row of earnings growth. Such consistent strong performance doesn’t come without rewards: the S&P ratings agency recently lifted First Pacific’s credit rating to “BBB” from “BBB-” after deciding to double its valuation of our 49.9% of MPIC to US$3.8 billion from US$1.9 billion, in line with valuations provided by equity research analysts.

In its own value-promoting move, PLDT has deployed an artificial intelligence-powered conversational assistant to support its Enterprise teams with timely network intelligence and product insights. The aim is to provide customer service representatives with the information or data they need as they converse with customers, enhancing efficiency and quality of PLDT’s and Smart’s customer engagement – a win-win!

The winning extends to Maya, PLDT’s 38%-owned digital bank, which has been named Neobank of the Year

and recognized for Best Digital Fraud Protection Experience at The Asset Triple A Digital Awards 2026, reflecting how its digital banking services are built around trust in everyday use. Elsewhere, Maya was the only Philippine digital bank to reach the top 20 in The Asian Banker’s “World’s top 100 Digital Banks Ranking 2026.”

Also in the Philippines, Meralco PowerGen’s MTerra Solar project has energized the first 250 megawatts of its solar capacity, building momentum towards its eventual goal of 3,500 MWp of solar power supported by 4,500 MWh of battery energy storage system (“BESS”).

In Indonesia, Axton Salim has earned recognition as one of the country’s leading marketing experts with the award of The Best Industry Marketing Champion 2025 in the Food and Beverage Sector in recognition of his leadership in navigating an increasingly competitive landscape by combining deep consumer insight with agile marketing strategies.

Last, let us not forget the IPO of Maynilad on the Philippine Stock Exchange late last year. It was the second-biggest ever new listing and won meaningful awards from the financial press. Read on inside to learn more.

First Pacific: building a lasting legacy

“ I KNOW THAT IT TAKES AMBITION AND POWER TO BUILD EMPIRES, ANY EMPIRE. BUT EQUALLY, IT REQUIRES PASSION FOR YOUR WORK, AND THE LOVE AND CARE OF YOUR PEOPLE TO BUILD A LASTING LEGACY OF AN EMPIRE. ”

Manuel V Pangilinan First Pacific Managing Director and Chief Executive Officer

KEY CORPORATE EVENTS

1982-87

Acquired Hibernia Bank in San Francisco, a controlling interest in Hagemeyer, the Netherlands, invested in Berli Jucker in Thailand, First Pacific Davies in Hong Kong, United Savings Bank in California, Hong Nin Bank in Hong Kong and founded Metro Pacific Corporation in the Philippines.

1981

First Pacific Finance Limited was founded as a financial services provider in Hong Kong (deposittaking company or aka finance house). Start-up capital was HK$7 million (US$0.9 million) with a total staff of six in a 50 sq. m. office in Central, Hong Kong. The original name was Overseas Union Finance Limited.

1988

First Pacific Holdings and First Pacific International merged to form the currently listed First Pacific Company (using Shanghai Land of the Kadoorie Family as the listed shell).

First investment in telecoms with the purchase of a 50% interest in Pacific Link, Hong Kong. Acquired Dragon Seed Department Store in Hong Kong, set up retail operations (System One for electronic appliances and Sports Authority for sporting goods).

1989

Acquired a controlling interest in Imagineering Australia, thereafter named Tech Pacific.

1988-96

1992

Acquired Far East Bank and merged it with Hong Nin Bank, renamed and listed as First Pacific Bank in Hong Kong.

1993-96

First Pacific showed significant growth in marketing and distribution, property and banking divisions; and pioneered in regional telecoms investments.

Smart Communications launched cellular services in the Philippines. NTT of Japan invested in Smart Communications as a strategic investor. Acquired PDCP Bank and First e-Bank in the Philippines. Invested in GSM networks in China’s Fujian Province, Shenzhen, Dongguan and Huizhou and in Taiwan’s Tuntex Telecom, rolled out GSM mobile networks in India through Escotel.

First Pacific celebrated its 45th Anniversary on 23 May 2026 with an event that encompassed music, memories, and reflections on building enduring value. The celebration was held in the Meralco Theater in Manila, where over 200 distinguished guests gathered in tribute.

The Company was founded in 1981 in Hong Kong with just six people, growing to a high-performing regional investment group with a portfolio spanning food, telcos, energy, infrastructure and more.

CELEBRATION AND TRIBUTE

The Anniversary event program, directed by Philippine National Artist for music, Maestro Ryan Cayabyab, included performances by musical luminaries such as Lea Salonga, Martin Nievera, Sofronio Vasquez, Jed Madela, Jessica Sanchez, accompanied by the Filharmonika Orchestra.

First Pacific Managing Director and CEO Manuel V Pangilinan paid tribute to the people at the heart of First Pacific. He lauded 25 long service awardees whose years of service combined to a total of an extraordinary 653 years – an average of 26 years each. Pangilinan

noted, “That is the scale of loyalty of our people to First Pacific.”

FROM RISK TO ROAD MAP

In a moving speech that reflected the arc of corporate history as well as personal challenges, Pangilinan said, “45 years ago, on a bright Monday morning in the Hong Kong summer, Bob Meyer and I stepped onto our very first office - rented furniture included - of 50 square meters, to meet our entire staff of four people.

“At the start, Bob and I didn’t know much else - except for deal doing which was my thing, lawyering for

1996

First Pacific became a constituent of the Hang Seng Index.

1998

1998-2000

Acquired PLDT in the Philippines and Indofood in Indonesia. Concluded acquisition of Smart by PLDT.

With the Asian crisis, First Pacific restructured and refocused in Asia with core investments in leading companies in telecoms, consumer food products and infrastructure sectors.

2007

Increased investment in PLDT. Invested in water distribution (Maynilad) and hospital (Makati Medical Center) through MPIC. Listed Indofood’s plantations businesses through IndoAgri. IndoAgri acquired Lonsum (plantations).

2006

Relisted MPIC as an infrastructure company.

2009

Invested in electricity distribution (Meralco) through PLDT and MPIC.

Increased investment in Philex.

2008

First Pacific made its first investments in mining (Philex), and in toll roads (MPTC) through MPIC. MPIC increased investment in Maynilad. Indofood added dairy business through the acquisition of Indolakto.

2010

Increased investments in Meralco through Beacon Electric, in hospitals through MPIC, and in Philex.

Listed Indofood’s consumer branded products businesses through ICBP.

Bob’s. We did know our future was just the vast unknown - pretty much like the recent knee surgery I just had - a major procedure whose broader health implications I failed to assess beforehand.

“As to my knees, well, every small step has become a major achievement. Suddenly, standing up feels like winning a badminton championship. Walking across the room deserves applause. And finding a comfortable sleeping position takes more engineering than designing a power plant.

“It took us 45 years for the long arc of history to raise our very first Christmas celebration of 6 people in 1981 in my flat in Hong Kong - to this historic Meralco Theater tonight with all of you.

“If I could go back - and stand again in that small 50-square foot room and speak to my 35-year-old self - I would tell myself: Look around. There is something sacred about small beginnings that you cannot feel until they are behind you. There was freedom in being young. We risked freely.

“At one time, First Pacific was all over the world - a global trading company based in Amsterdam, two banks in California, a bank in Hong Kong and the Philippines, and more.”

FINDING COHERENCE

“What started as a pure investment company - investing in banks and trading companies, evolved in 1988 to become an investment and management company. Eventually, First Pacific’s investments began to

connect the dots into something none of us had ever conjured, much less memorialized, into a coherent road map. God, after all, does not write in straight lines.

“And what accumulated, over 45 years of being completely honest with ourselves and our governance, was a group that found itself woven into the fabric of daily Filipino life. The water people drink in the morning. The power that lights their homes at night. The roads that take them to work. The connections that keep them close to the people they love.”

TRUE WEALTH

“Let me now close by recalling one of life’s greatest reminders: comfort, strength, and mobility are blessings we often take for granted until they are taken away.

2012

Increased investments in Meralco through Beacon Electric (PLDT and MPIC), in Philippine Hydro (PH) Inc. through Maynilad, in CAVITEX through MPTC, in hospitals through MPIC, in consumer products through Indofood, and in plantations through IndoAgri, SIMP and Lonsum.

2011

Increased investments in telecoms through PLDT’s acquisition of Digitel, in Meralco through Beacon Electric, and in healthcare through MPIC.

Listed natural resources businesses through Philex Petroleum (oil and gas exploration) and SIMP (plantations).

2013

2014

First Pacifc sold its 75% interest in FPM Infrastructure to MPIC, and lifted MPIC stake in Don Muang Tollway to 29.45%.

FFPM Infrastructure (First Pacific and MPIC) acquired 29.45% of Don Muang Tollway.

FP Natural Resources (First Pacific and IndoAgri) acquired 34% of Roxas Holdings.

FPM Power (First Pacific and Meralco) acquired 70% of PacificLight Power.

2015

2016

Metro Pacific Holdings, Inc (“MPHI”), a Philippine affliate of First Pacific) sold 4.1% diluted interest in MPIC to GT Capital Holdings, Inc. and subscribed newly issued Class A voting preferred shares in MPIC. Post transactions, MPHI holds a voting interest in MPIC of 55% and an economic interest of 42%.

MPIC expanded its power portfolio by increasing its interest in Beacon Electric to 75% from 50% and invested in Global Business Power Corporation.

First Pacific acquired 50% of Goodman Fielder.

FP Natural Resources (First Pacific and IndoAgri) and its Philippine affliate increased investment in Roxas Holdings to 50.9%.

2017

MPIC acquired the remaining 25% interest in Beacon Electric which became a wholly-owned subsidiary of MPIC.

“We may own luxury cars, but today, the vehicle that matters most for me is a 16-year-old, thrice-depreciated van - because it is the only one that can carry me, my wheelchair, and my hope for recovery.

“The luxury cars may remain in the garage for now, but real wealth is with us here in this theater - family, friends, faith, and the determination to stand and walk again.”

THE TRADITION OF LEADERSHIP

“Finally, I take inspiration from the movie - Conclave, where the Dean of the College of Cardinals … in his homily prayed that the new Pope be a doubting Pope.

“We all know business abhors uncertainty and the unknown. But if all things were certain in our world,

there is no need for projections or forecasts; there would be no need for CFOs or even CEOs, because there is really nothing for them to do when all forecasts become predictable. We shouldn’t dislike the mystery brought by the unknown in our lives. I know it makes life more complicated for us, but it’s also what makes living so dynamic, so alive, so interesting.

“The 45 years that we celebrate today is the First Pacific of the past. We must now put our face forward and look towards the First Pacific of the future. I hope and pray that we are able to develop leaders who doubt. That I doubt freely - and even proudly - has made me a better person, and a better leader. I hope this tradition of leadership continues on for First Pacific.” <<

2019

First Pacific sold its 50% interest in Goodman Fielder to Wilmar International Limited.

MPIC sold its 40% interest in Metro Pacific Hospital Holdings, Inc. to KKR & Co. Inc.

2020

2021

MPIC’s Beacon PowerGen sold its 56% interest in Global Business Power Corporation to Meralco PowerGen Corporation.

Indofood CBP acquired the entire issued share capital of Pinehill Company Limited.

2023

Privatized MPIC through a voluntary delisting tender offer.

2022

First Pacific rated investment grade, BBB- Stable from S&P, Baa3 Stable from Moody’s.

2024

MPTC acquired 22.9% of PT Jasamarga Transjawa Tol.

2025

Maynilad listed on the Philippine Stock Exchange.

Meralco PowerGen expanded its power generation portfolio through investing in Chromite Gas.

MPAV expanded its agribusiness portfolio through the aquisition of Franklin Baker.

2026

S&P upgraded First Pacific investment-grade credit rating to BBB.

Earnings rise to fifth successive record high

“ Our fifth year in a row of successive record highs for recurring profit suggests that the purpose of the Company is one that can deliver steady and growing earnings, namely that being a mature market-listed means of accessing the growth inherent in defensive emerging market businesses is a solid recipe for success. While we of course constantly review our investments for performance, we feel that we have a model that works. ”

Manuel V Pangilinan

First Pacific Managing Director and CEO

[ Turnover rose 2% to US$10.2 billion on higher revenue at Indofood and MPIC, offset by decline at PacificLight

[ Contribution from operations rose 8% to a record high US$837.9 million led by MPIC and Indofood

[ Indofood, PLDT, and MPIC delivered their highest-ever revenues on continuing growth in demand for food products, data services, power, water, and roads

[ Net interest expense fell 11% to US$68.3 million as overall Head Office costs fell 6% to US$97.9 million

[ Recurring profit rose 10% to a record high US$740.0 million

[ Net profit rose 10% to a record high US$661.0 million as foreign exchange losses fell to US$19.7 million and non-recurring losses rose to US$59.3 million

[ First Pacific’s Board of Directors declared a final distribution of 14.0 HK cents (1.79 U.S. cents) per share, up 0.5 HK cent under the progressive dividend policy; the fullyear regular distribution climbs to a highest-ever 27.0 HK cents (3.46 U.S. cents) per share

INVESTMENT-GRADE CREDIT RATINGS

[ Moody’s rating: Baa3 with Stable outlook

[ S&P rating: BBB with Stable outlook

DIVIDEND INCOME AND DEBT PROFILE

[ Dividend income of US$311 million in 2025, up from US$305 million in 2024

[ Interest coverage ratio 4.5x well above “comfort level”

[ Gross debt US$1.47 billion, net debt US$1.32 billion

[ Blended interest cost of approximately 4.6% and average maturity of 3.2 years

[ The sole maturity due in 2026, a US$200 million loan, was refinanced in January 2026

[ No borrowings by any Group investee companies have any recourse to First Pacific

OUTLOOK

With most of First Pacific’s core holdings benefiting from the strong momentum in earnings growth in recent years, the management is confident that, over the medium term, this company will continue to perform well. However, with an uncertain geopolitical outlook compounded by tensions in the Middle East, it is very likely that input costs for First Pacific’s various businesses will be higher in 2026 than a year earlier.

S&P LIFTS FIRST PACIFIC RATING TO “BBB”

On 29 April 2026, First Pacific received an upgrade to its investment-grade issuer credit rating by Standard & Poor’s Global Ratings (“S&P”) to “BBB” from “BBB-”, with stable outlook, citing enhanced portfolio valuation and liquidity following an updated assessment of the Company’s underlying investments by the rating agency.

“The improved investment-grade credit rating from S&P testifies to the strength and resilience of First Pacific and the value created across our underlying investments,” said First Pacific Managing Director and CEO Manuel V Pangilinan. “Given the current uncertainty in global markets amid tensions in the Middle East, we regard this rating upgrade as a source of confidence going forward.”

S&P CHANGES ITS METHODOLOGY

The key change in S&P’s analysis lies in how the rating agency measures the value of the Company’s 49.9% stake in MPIC, which was delisted from the Philippine Stock Exchange in 2023 and privatized. S&P has moved from a book value to a sum-ofthe-parts valuation which incorporates the prorata market capitalization of listed companies, specifically Maynilad and Meralco, where MPIC is a shareholder. S&P states that it “better reflects First Pacific’s real market value and ability to sell its stakes in publicly traded companies.”

S&P’s new methodology doubles the value of First Pacific’s stake in MPIC to US$3.8 billion from US$1.9 billion earlier. The change increases the gross asset value of the First Pacific portfolio under S&P’s estimation to US$7.6 billion. This aligns with equity research coverage by Citigroup Inc. and CITIC CLSA.

In January 2026, Moody’s Investors Service re-affirmed an issuer credit rating of Baa3 with Stable outlook on First Pacific. <<

PLDT IS FIRST SOUTHEAST

ASIAN TELCO TO RUN CONVERSATIONAL AI

PLDT deploys an AIpowered conversational assistant to support its PLDT Enterprise teams with timely network intelligence and product insights.

Dubbed KAI, which stands for “Knowledge, Automation, Intelligence,” the solution is a conversational agent from UiPath, a leader in agentic business orchestration. KAI enhances human engagements by simplifying processes, reducing response times and improving the quality of

customer conversations overall. PLDT and Smart Head of Network Strategy and Architecture Eric Santiago noted, “Before KAI, our teams had to dig for answers in the middle of a customer conversation. Now the information comes to them. That improves how fast we respond, how well we design solutions, how much our customers trust us.”

DELIVERING BETTER OUTCOMES FOR CUSTOMERS

For enterprise customers, this translates into more efficient engagements. “Soon, we can even automate the creation of solutions specific to customer needs,” Santiago added. “When our teams are equipped with the right information at the right time, customers benefit through more reliable connectivity, stronger solutions, and partnerships built on trust and transparency.”

The launch of KAI is part of PLDT’s continuing investments in innovations to enhance its network. This also contributes to the PLDT Group’s endeavors to help the Philippines achieve the United Nations Sustainable Development Goals (“UNSDGs”), particularly SDG 9 – Industry, Innovation, and Infrastructure. <<

Smart, Ericsson, Meta in joint network optimization

Delivering major improvements in Messenger call quality across the Philippines

Millions of Messenger users in the Philippines are now enjoying clearer, more reliable voice and video calls, following a joint network enhancement effort collaboration between Smart Communications, Ericsson, Smart, Ericsson, and Meta representatives collaborating on network optimization.

e PLDT PARTNERS WITH CSG FOR SERVICES TRANSFORMATION

ePLDT has appointed global SaaS provider, CSG, to support the upgrade and expansion of its ICT and data center services.

ePLDT and CSG have an over 20-year business relationship. The enhanced services will provide enterprise customers with more tailored services, faster activation and streamlined billing processes.

“As we continue to advance our digital transformation capabilities, our focus is to deliver tangible value for our customers by simplifying engagements and enabling faster outcomes,” said ePLDT and VITRO Inc. President

and CEO Victor S Genuino. “With its deep domain expertise and longstanding relationship with PLDT, CSG plays an important role in helping us deliver more responsive, efficient, and customer-centric experiences for Philippine enterprises.”

The enhanced service solutions from CSG will enable ePLDT to grow sustained revenue and customer value and simplify complex processes, as it scales its data, AI, cloud and cybersecurity services to meet demand. In turn, these capabilities enable enterprises to reduce complexity, accelerate decision-making, and stay competitive by accessing ICT services that are easier to understand, procure, and deploy. <<

and Meta’s team in the Philippines. By optimizing network performance at scale, the partners reduced call disruptions and delays - making everyday Messenger conversations smoother and more dependable. Additionally, these benefits were felt across several calling apps, not just Messenger.

EVERYDAY EXCELLENCE

“This initiative with Ericsson and Meta aligns with our commitment to delivering exceptional service quality to all our customers. These improvements mean their video calls over Messenger are sharper, and they can enjoy continuous calls with their loved ones. We are grateful for this opportunity to turn innovation into everyday excellence, to the benefit of our customers,” said Smart Communications Head of Network Debbie M Hu. <<

PLDT showcases customerfirst network transformation

PLDT innovates by focusing on a customer-first principle.

At the 2026 Mobile World Congress (“MWC”) in Barcelona this March, PLDT and Smart highlighted how the Group is transforming their integrated fixed and wireless networks to deliver better, more consistent customer experience.

PLDT and Smart Head of Network Quality and Service Assurance, Ariel C Medina said, “Our guiding principle is simple: The customer is our North Star. Every investment, every

process, and every innovation we pursue must ultimately answer one goal, and that is to improve the digital experience of Filipinos and enable their fuller, more connected lives.”

“Our networks power livelihoods, education, commerce and governance. By connecting people, we are enabling them to participate in the digital economy, powering progress at a national scale,” he said.

EXPERIENCE-DRIVEN MODERNIZATION

Medina highlighted PLDT’s efforts to strengthen its processes, teams, and systems so that the network can adapt more effectively to how customers use digital services. This includes improving insights into customer behavior, strengthening automation and analytics, and deploying modern tools that allow teams to detect and address network issues faster.

MTerra Solar powers up 250 MW

Boosts energy supply amid global volatility

As a result of this overall shift to focus on key quality indicators, PLDT and Smart posted improvements in VoLTE and 5G drop rates and 5G uplink throughput, as well as growth in data traffic in 2025.

NETWORK TAILORED FOR THE PHILIPPINES

Medina also emphasized that while the Philippines’ geography and climate create one of the most challenging markets for telco operators like PLDT, these same conditions have pushed the company to innovate continuously and strengthen the team and the processes underpinning its network.

“We share a common mission with our fellow operators and innovators

Meralco PowerGen Corporation (“MGEN”), through its affiliate Terra Solar Philippines Inc. (“MTerra Solar”), has successfully energized the first 250-megawatts (“MW”) of its solar capacity – now operating as a generator and marking the start of its contribution to the Philippines’ growing demand for reliable and clean energy.

This milestone comes at a pivotal time for the Philippines.

“Reaching this milestone reflects the strong execution, collaboration, and dedication of our teams and partners. More importantly, it underscores the role of projects like MTerra Solar in helping secure the country’s energy future at a time when reliability and affordability are under increasing

around the world: to build networks that make life better. We are proud to bring the Philippine perspective to this global conversation and to continue learning from our partners as we

pressure,” said MGEN Renewables and MTerra Solar President and CEO Dennis B Jordan.

THE NATION’S LARGEST OPERATIONAL BESS

MTerra Solar has also energized the first tranche of its battery energy storage system (“BESS”). Through energy generated from its solar output, the plant has been able to deliver up to 450 MWh of energy to the grid at night. This tranche now represents the largest operational BESS available in the Philippines.

With Phase 1 on track for completion this year and Phase 2 already under construction, MTerra Solar will continue to scale up its capacity, contributing meaningfully to the Philippines’ renewable energy targets of 35% by 2030 and 50% by 2040. <<

shape the future of connectivity.”

During the MWC, the global telco alliance TM Forum cited PLDT as a CEM Innovation Pioneer. <<

To generate up to 3,500 MWp of solar power

Supported by a 4,500 MWh BESS

Delivering clean energy to approx.

2.4 million households

Avoiding approx. 4.3 million tons of corbon emissions a year

Equivalent to removing >3 million gasoline-powered vehicles from the road

From street stall to spotlight: Indomie Nyemek on The Block

Indomie has recently showcased its ability to turn local food trends into mainstream cultural moments.

By bringing together Warmindo (Indomie street stall) culture, music, and youth communities, the brand has successfully transformed Mi Nyemek from a viral food trend into a growing national sensation.

In 2025, the brand pioneered Indonesia’s first Nyemek noodle segment with the launch of Indomie

Hype Abis Mi Nyemek ala Banglahdes’e, developed in collaboration with Warmindo Agem Senyum Ketawathe street stall behind the viral Mie Bangladesh phenomenon.

LAUNCHING NEW FLAVORS, SPARKING TRENDS

Unlike traditional instant noodles, Mi Nyemek sits somewhere between fried and soupy noodles, known for

its slightly thick broth and bold savory flavor. Through this innovation, Indomie successfully transformed the street experience into a practical instant format. “It’s not fried noodles, not soup noodles — it’s the new Mi Nyemek with a little broth!” became the signature line of the campaign, inviting consumers to recreate the authentic experience at home by simply adding 12 tablespoons of water as directed.

The innovation quickly gained momentum. In December 2025, Indomie expanded the line with Indomie Hype Abis Mi Nyemek ala Jogja, another collaborative recipe inspired by Yogyakarta’s take on the beloved dish. Beyond launching new flavors, Indomie reinforced its role as a trendsetter that continuously evolves alongside Indonesia’s dynamic culinary culture.

THE PHENOMENON IN REAL LIFE

The hype continued in February this year, when Indomie brought the phenomenon offline through Indomie Nyemek on The Block in Gandaria City, Jakarta - a vibrant celebration of food, music, and community. The event connected Warmindo legends, local communities, musicians and performers and Gen Z audiences in one immersive experience.

Visitors enjoyed exclusive Mi Nyemek creations served directly by Bang Agem from Medan and Ibu Siti Artani from Yogyakarta, complete with special toppings created for the event.

Through Indomie Nyemek on The Block, Indomie highlighted how communitydriven culinary creativity can spark collaboration, cultural relevance, and shared experiences. <<

C hoc R ocks TAP INTO LATEST KOREAN FLAVOR TRENDS

Indofood Ice Cream continues to capture evolving consumer tastes with the launch of two new variants in the ChocRocks Bar Korean Series: ChocRocks Bar Dalgona Coffee and ChocRocks Bar Peach Mochi.

Inspired by Korean flavor trends, these offerings deliver familiar yet sensational experiences for consumers seeking both comfort and novelty.

ChocRocks Bar Dalgona Coffee combines creamy ice cream with rich coffee notes and a signature chocolate coating, reflecting the ongoing popularity of coffee-based treats.

PLAYFUL PEACH MOCHI

ChocRocks Bar Peach Mochi brings a playful twist with its fruity peach flavor and soft, mochi-inspired texture, tapping into the growing interest in Asian desserts.

Priced at an accessible Rp4,500 (approx. US$0.24), the two new variants highlight Indofood Ice Cream’s ability to turn trends into enjoyable everyday indulgences. <<

Indofood reignites snack market with new products launch

MAXICORN HOT & SPICY: UNLEASHING A BOLDER SNACKING EXPERIENCE.

In the fast-growing spicy tortilla chip market: introducing a bolder, louder Maxicorn chip.

Crafted from real corn with the bold intensity of spice, these tortilla chips are made for those who value texture and taste. A thick texture delivers a distinct, extra-loud crunch, presented as ‘the ideal companion for making every moment louder’.

Every bite offers a spicy kick that lasts, bringing more Maxicorn energy to the table.

QTELA UBI MIX CHIPS: A MINDFUL, AUTHENTIC SNACK CHOICE

A mindful choice for health-conscious consumers, Qtela Ubi Mix Roasted Corn celebrates the natural goodness of real sweet potatoes. Thinly sliced and seasoned with a savory roasted corn finish, these chips are naturally high in fiber and gluten-free.

Qtela Ubi Mix offers an authentic way to enjoy a satisfying crunch that balances modern wellness with the genuine warmth of a home gathering. <<

Maya recognized by Forbes, The Asian Banker

Maya has been recognized in global rankings by Forbes and The Asian Banker, reflecting the continued growth of its digital banking business operating at scale and achieving profitability.

Maya is featured in Forbes’ World’s Best Banks 2026 list, marking its fourth consecutive year on the global ranking. The list is based on a survey of more than 54,000 consumers across 34 countries, evaluating banks across trustworthiness, digital services, customer experience and overall satisfaction.

Maya has also been included in the World’s Top 100 Digital Banks Ranking 2026 by The Asian Banker, a global benchmarking of digital banks based on scale, financial performance and operational strength. It is the only Philippine digital bank included among the top 20 of the ranking.

The Asian Banker noted that Maya Bank achieved full-year profitability within two and a half years of launch, placing it among a group of digital banks that have moved beyond early-stage expansion into more structured, sustainable growth.

“These global recognitions reflect the progress we’ve made in scaling digital banking, while building the foundations for long-term growth,” said Maya group President and Maya Bank Co-Founder Shailesh Baidwan. “They are also a reflection of the trust our customers place in us every day and the work our teams continue to put into strengthening the platform as we grow.”

Maya’s growth continues to be supported by strong customer adoption and expanding product usage. As of end-2025, it reached approximately 68 billion in deposits and 10.7 million bank customers. The Maya Group, which includes Maya Bank and Maya Philippines, reported 1.7 billion in net income for 2025.

MAYA NAMED NEOBANK OF THE YEAR BY THE ASSET

Maya has been named Neobank of the Year and recognized for Best Digital Fraud Protection Experience at The Asset Triple A Digital Awards 2026, reflecting how its digital banking services are built around trust and everyday use.

The awards recognize financial institutions across Asia-Pacific and the Middle East that are advancing digital finance through innovation and customer experience.

Baidwan commented, “These recognitions reflect how we design our services - built for everyday use, with security embedded from the start. As adoption grows, the focus is on strengthening trust while improving how customers experience payments, savings and credit.”

The recognition for fraud protection reflects how security is integrated into Maya’s core services, including real-time monitoring and in-app controls that allow customers to manage account access and transactions directly. <<

PLDT reinforces leadership with S&P Yearbook 2026

PLDT reinforces its position as a global leader in corporate sustainability with its recent inclusion in the S&P Global Sustainability Yearbook 2026 for the second consecutive year.

PLDT Chairman and CEO Manuel V Pangilinan said, “PLDT’s recognition as among the world’s best companies in sustainability affirms our belief that business success must be grounded in integrity and responsible conduct. This distinction supports our continuing commitment to operate under a balanced scorecard of financial returns and sustainable business practices, ensuring creation of long-term growth and positive impact on society and environment.”

RATING ON THE RISE

The company’s score increased five points to 77 in the S&P Global Corporate Sustainability Assessment (“CSA”). The new rating places PLDT within the top 15% of the telecommunications industry worldwide and within 30% of the CSA score of the top performing telco. <<

INDOFOOD’S NOODLES DIVISION MARKS GLOBAL MILESTON E

Indofood’s Noodles Division achieved international recognition at the 50th International Convention on Quality Control Circles (“ICQCC”) 2025, held in Taipei from 3 – 6 November 2025.

The global event brought together quality practitioners, professionals, academics, and industry leaders to exchange best practices in quality control and continuous improvement.

Representing Indofood, the Noodles Division was recognized as a top-performing team, earning a prestigious Gold Award which reflects Indofood’s strong commitment to operational excellence and continuous innovation.

The award-winning project focused on improving production to reduce energy consumption: delivering substantial cost savings while enhancing environmental performance. The accomplishment highlights Indofood’s ongoing efforts to strengthen efficiency and sustainability across its operations. <<

Axton Salim recognized at Indonesia’s top marketing awards

Honored as The Best Industry Marketing Champion 2025

Axton Salim recently earned recognition as one of Indonesia’s leading marketing figures, taking center stage at the 2025 Marketeers Awards last December. Organized by Marketeers, Indonesia’s leading entrepreneurial marketing network, the awards

honor the country’s most impactful marketing leaders and brands, spotlighting excellence in strategy, innovation, and execution across industries.

Axton Salim was honored as The Best Industry Marketing Champion 2025 in

MPTC SUSTAINABILITY CHIEF LAUDED BY SEC

MPTC Chief Corporate Governance and Risk Officer, and Head of Sustainability

Atty. Cynthia “Dacky” Casiño was honored at the Philippines’ Securities and Exchange Commission’s (“SEC”) 4th Gender and Development (“GAD”) Awards in December 2025.

Casiño was named as Private Sector Sustainability Champion. She has been the driving force behind MPTC group’s sustainability journey. Her office institutionalized MPTC’s Sustainability Strategic Priorities and created programs with impacts on the environment and communities.

the Food and Beverage Sector. The accolade reflects his outstanding leadership in navigating an increasingly competitive landscape by combining deep consumer insight with agile marketing strategies.

Under his leadership, Indofood has successfully strengthened its brand portfolio, ensuring that its products remain both culturally relevant and responsive to evolving consumer preferences across generations.

A MARKETING LEADER WITH VISION

Salim’s marketing approach integrates strong brand storytelling, digital transformation, and datadriven decision-making. He has also demonstrated an exceptional ability to localize global trends, making them meaningful for Indonesian consumers. This has enabled Indofood brands to maintain strong emotional connections with consumers while continuously expanding both market reach and engagement.

The award underscores the importance of visionary leadership in navigating today’s dynamic business environment. It affirms Axton Salim’s role as one of the leading marketing figures shaping Indonesia’s food and beverage industry. <<

She also led programs that have received multiple awards including the Department of Health’s Healthy Pilipinas Gold Awards for Partners, Asia CEO Awards, ESG Business Awards, and Global Good Governance (3G) Awards.

SEC’s 4th GAD Awards honors corporate leaders who guide sustainability efforts and create measurable impact in the Philippine corporate sector by contributing to the United Nations Sustainable Development Goals. <<

Maynilad IPO tops Alpha Southeast Asia Awards, wins IFR 2025 ESG Deal of the Year

Maynilad’s 34.3-billion IPO was recognized in April 2026 at the Alpha Southeast Asia 19th Annual Deal & Solution Awards, receiving the ‘Best IPO for Retail Investors in Asia 2025’ and ‘Best Equity/IPO Deal of the Year in the Philippines 2025’ citations.

The recognition highlights the strong retail participation and overall market execution of Maynilad’s IPO - one of the Philippines’ landmark equity offerings.

LONG-TERM GROWTH STRATEGY

“We are grateful for the recognition of our IPO, which reflects the confidence of both retail and institutional

investors in Maynilad’s long-term growth strategy,” said Maynilad CFO Ricardo F De Los Reyes. “The proceeds of the offering continue to support critical infrastructure projects that strengthen water security and service reliability for our customers.”

Organized by institutional investment magazine Alpha Southeast Asia, the

LANDCO PACIFIC’S NAUTILUS TAKES TOP

HONORS

One of Landco Pacific’s crown jewels, The Nautilus at Casobe (Calatagan South Beach) has swept the 2026–2027 Asia-Pacific Property Awards, claiming four top honors: Five Stars in Architecture for Multiple Residences, Five Stars in Leisure Architecture, Five Stars in Sustainable Residential Development, and Five Stars in Leisure Development.

Awards recognize excellence in regional capital markets transactions and financial solutions.

ASIA’S FIRST GREEN IPO, WINS IFR 2025 ESG DEAL OF THE YEAR

Maynilad’s deal was groundbreaking, as the first Asian IPO to be granted a “green equity” label by the Philippine Stock Exchange (“PSE”). It was named the 2025 ESG Deal of the Year by the International Financing Review (“IFR”) at the IFR Asia Awards last December.

The green equity label, introduced in 2025, requires that an issuer earns over 50% of revenues and investment from or directed towards sustainable environmental activities Maynilad had previously tasked S&P to conduct a climate transition assessment, resulting in a ‘medium green’ S&P rating with a highlight of its low-carbon initiatives which aligned with the Philippine green equity label.

The PSE green equity label offered investors a distinctive ESG-related play, helping to attract major cornerstone investors. Asian Development Bank and International Finance Corporation were early participants, followed by ten others with a focus on sustainability. <<

The Nautilus also emerged as the only Philippine property advancing to the International Property Awards to compete on the world stage in London later this year.

The property is powered entirely by 100% renewable energy and holds the distinction of being the Philippines’ first residential and commercial beach condominium to receive Preliminary EDGE Advanced Certification. Landco Pacific’s President and CEO Erickson Y Manzano said, “The Nautilus is proof that architectural excellence and environmental responsibility are not competing priorities. They are different ambitions to be balanced, but principles that can, and must, reinforce each other.” <<

MPH sweeps Healthcare Asia Awards 2026, GLOMO Award

METRO PACIFIC HEALTH (“MPH”)

TOOK THE SPOTLIGHT AT THE HEALTHCARE ASIA AWARDS 2026 IN SINGAPORE THIS MARCH, BAGGING NINE MAJOR AWARDS:

METRO PACIFIC HEALTH

Health Promotion Initiative of the Year

ASIAN HOSPITAL AND MEDICAL CENTER

Marketing Initiative of the Year Technology Innovation of the Year

CARDINAL SANTOS MEDICAL CENTER

Patient Advocacy Initiative of the Year

OUR LADY OF LOURDES HOSPITAL Customer Service Initiative of the Year

CALAMBA MEDICAL CENTER

Infection Control Initiative of the Year

RIVERSIDE MEDICAL CENTER

Workforce Transformation Initiative of the Year

RIVERSIDE BACOLOD CANCER CARE CENTER

Health Prevention Awareness Award

MEDI LINX LABORATORY

Laboratory Initiative of the Year

These recognitions show how MPH’s hospitals work together to give better care and help more Filipinos live healthier lives.

MWELL BAGS GLOBAL INNOVATION AWARD

mWell, the Philippines’ integrated health and wellness mega app, won the GLOMO Award for Best Mobile Innovation Supporting Emergency or Humanitarian Situations in the Tech4Good Category at the Mobile World Congress 2026 in Spain.

This marks mWell’s second GLOMO award and is the first Philippine health tech app to win in the category.

MPIC and mWell Chairman Manuel V Pangilinan told The Philippine Star, “Digital innovation is key to our commitment to national progress. Through mWell, we continue to harness technology to bring quality healthcare closer to every Filipino,” mWell’s ecosystem, including KonsultaMD, serves 7.3 million users, with 37% representing vulnerable and underserved sectors.

The GLOMO Awards are organized by the Global System for Mobile Communications Association and are regarded as the industry’s most prestigious recognition. <<

HERITAGE IN MOTION:

MPTC TOUR OF LUZON 2026

Metro Pacific Tollways Corporation (“MPTC”) was proud to be a title sponsor of the recent MPTC Tour of Luzon 2026. From 29 April to 13 May, the race spanned five regions, 13 provinces, and over 1,800 km, as riders took on a true test of stamina and sportsmanship.

Presented by MPTC and organized by SDMI Sports and MAD Management Inc., the Tour of Luzon is one of the Philippines’ enduring legacy races, combining competition, tradition and culture.

Elite cyclists from around the world joined local riders in the race,

across 14 demanding stages. The diverse terrain of Luzon has steep climbs amid sweltering summer temperatures. Yet the competitors had the warm support of Philippine fans, with local officials and crowds cheering the peloton at every stage.

WEBINARS AND ON-THE-GROUND SUPPORT

Metro Pacific Health’s Cardinal Santos Medical Center supported the Tour as the Official Medical Partner again, with its 34-strong medical team and three ambulances reinforcing the commitment of promoting health, wellness, and excellence in sports.

The MPTC Tour of Luzon 2026 featured a five-leg webinar series

in collaboration with the Philippine Sports Institute (“PSI”). Designed for the cyclists and coaches, the series focuses on enhancing highperformance development and supporting the holistic well-being of athletes.

The collaboration with the PSI included on-the-ground support services, with teams providing sports physiotherapy, daily consultations, individual fuel and hydration plans, injury prevention and recovery treatments.

MPTC TEAM MEMBER IS TOP NATIONAL CYCLIST

At the finish line – located at Landco’s Camp John Hay in Baguio - Nikita Shulchenko of LCW UAE Cycle Team won the Yellow Jersey and Antoine Huby of 7-Eleven Cliqq Roadbike Philippines Team won the Eagle of the Mountain award.

Nash Lim, a 23-year-old rider for Metro Pacific Tollways Drive Hub Team, was the fourth overall and emerged as the top Philippines cyclist.

Looking forward to staging an even longer world-class cycling competition in 2027, MPTC Tour of Luzon continues to nurture a safer, more supportive Philippine sporting environment. <<

PLDT and Smart champion digital responsibility, accountability in AI use

PLDT and Smart continue to demonstrate leadership beyond connectivity - reaffirming their commitment to digital integrity by engaging young Filipino researchers on the responsible use of AI.

PLDT group led discussions at the recent 6th De La Salle University–Dasmariñas High School Research Conference, which brought together around 1,000 senior high school students from schools across the Philippines. The Conference aired critical conversations on research ethics, media literacy, and credibility in the age of artificial intelligence.

PLDT and Smart First Vice President and Head of the Public Engagement Group, Roby Alampay, shared his insights on the responsible use of

AI in research, emphasizing that accountability is essential as AI tools become more accessible in academic and professional work.

The Forum session was delivered in partnership with the #ThinkAMuna Pilipinas movement of MediaQuest, promoting responsible digital behavior, critical thinking, and respectful online engagement.

Other prominent media speakers addressed the growing importance of media literacy and critical

thinking in navigating AI and fake news, reinforcing the need to equip students with the skills to question, verify, and assess information responsibly.

AI-IN-A-BOX

Championing accountability in AI use is part of the PLDT group’s broader push to extend AI upskilling through digital empowerment programs such as AI-in-a-Box. Launched in 2025, the program has equipped many organizations and communities in the Philippines with the tools, connectivity and training for practical, day-to-day applications of AI.

Through initiatives like these, PLDT and Smart aim to help shape a future where innovation is guided by ethics, accountability, and a strong commitment to truth. <<

Shore It Up! Tubbataha

MPIF renews partnership to support UNESCO World Heritage site

“ TUBBATAHA IS ONE OF THE COUNTRY’S NATURAL TREASURES AND A CROWN JEWEL OF PHILIPPINE MARINE BIODIVERSITY. THE PRIVATE SECTOR CAN PLAY A MEANINGFUL ROLE BY SUPPORTING CONSERVATION EFFORTS ALONGSIDE GOVERNMENT AND COMMUNITIES. THROUGH THIS PARTNERSHIP, WE HOPE TO HELP ENSURE THAT TUBBATAHA REMAINS A THRIVING MARINE SANCTUARY FOR GENERATIONS OF FILIPINOS. ”

MPIC Chairman, President, and CEO Manuel V Pangilinan

Metro Pacific Investments Foundation (“MPIF”), the corporate social responsibility arm of MPIC, has been dedicated to supporting the Tubbataha marine park environment since 2022.

Located in the heart of the Philippines’ Sulu Sea, Tubbataha Reefs Natural Park (“TRNP”) is a 97,030-hectare marine protected area within the Coral Triangle, the global center of marine biodiversity. It is recognized as a UNESCO World Heritage Site and a Wetland of

MPIF recently signed a Memorandum of Agreement to provide a total of 12 million in funding, equivalent to 3 million annually for four years to support the continued protection of the TRNP. This includes research initiatives, protection activities, and community-based efforts, in partnership with the Tubbataha Protected Area Management Board (“TPAMB”) and Friends of Tubbataha Inc. (“FOT”).

The agreement builds on the collaboration established in 2022 under the “Shore It Up! Tubbataha” program, through which MPIF provided 8 million in support from 2022 to 2025. The initiative focuses on environmental protection, scientific research, capacity building, and community engagement to help safeguard one of the country’s most important marine ecosystems.

SUSTAINED PARTNERSHIPS WITH SHORE IT UP!

Home to over 360 coral species and hundreds of fish species, the park provides a critical habitat for threatened marine life, including sharks, sea turtles, and seabirds. Its remote location, however, presents continuing challenges in enforcement, monitoring, and protection – making a sustained partnership essential.

MPIF President Melody M Del Rosario noted, “For nearly two decades, the MVP Group has championed environmental stewardship through the Shore It Up! Program. Now in its 18th year, the initiative reflects our belief that sustained partnerships and community engagement create lasting impact – not only in preserving critical habitats like TRNP but also strengthening the communities and institutions that safeguard them.”

BUILDING ON MEASURABLE GAINS

Over the past several years, the Shore It Up! Tubbataha partnership has delivered strong, measurable gains in strengthening the protection and management of TRNP. Support from MPIF

enhanced law enforcement presence offshore, improved ranger welfare and operational capabilities, and strengthened legal follow-through on violations, contributing to more effective protection of the park’s waters and resources.

The program also supported essential biophysical research and monitoring, including surveys of fish, benthos, and seabirds. These efforts generated high-quality data on reef condition, long-term trends, and emerging risks. <<

RESTORING THE RIVER, REIMAGINING THE CITY

On 29 November 2025, the banks of Jakarta’s Ciliwung River were transformed into a living stage for collective action.

Marking the celebration of Ciliwung Day 2025, Indofood’s employee volunteers and community members teamed up with the Ciliwung Clean-Up Movement (“GCB”) to rally around a shared mission: Revitalizing Ciliwung: Clean River, Sustainable City The initiative reflects a sustained and strategic commitment to restoring one of Jakarta’s most vital waterways.

Ciliwung Day 2025 featured a series of engaging activities, from upcycling workshops and riverthemed children’s activities to an environmental talk show with youth leaders and sustainability advocates. The day concluded with a river clean-up and riverbank tree-planting, demonstrating that sustainability is a shared responsibility.

CIRCULARITY IN ACTION

Between 2020 and 2025, Indofood’s support has enabled the processing of more than 26.9 tons of river waste into household fuel pellets, transforming pollution into practical fuel for

local communities. Approximately 1.3 tons of post-consumer packaging river waste have been transformed into durable paving blocks. Installed at GCB headquarters, the recycled blocks serve not only as functional pavers but also as a showcase of circularity in action.

Indofood’s partnership with GCB underlines how corporate responsibility can extend beyond business, helping shape resilient urban ecosystems as a shared legacy. <<

Indofood’s partnership with GCB underlines how corporate responsibility can extend beyond business, helping shape resilient urban ecosystems as a shared legacy.

MAYNILAD TAKES BEST PRACTICES TO THE CLASSROOM

Engages nearly 3,800 students from 39 schools in 2025 wastewater education campaign

Clean water is a precious resource to be managed for future generations. Maynilad is dedicated to helping high school students understand how sanitation systems work, to encourage responsible practices that support healthier communities and cleaner waterways.

The company’s Wastewater Education Campaign, launched in 2016, is an annual wastewater management program that has reached thousands of students across Manila’s West Zone. Its 2025 campaign focused on strengthening understanding of wastewater systems and sanitation.

UNDERSTANDING THE SYSTEMS THAT PROTECT OUR WATER

Maynilad Wastewater Management Head Engr. Zmel Grabillo explains, “Early understanding of

wastewater systems helps reinforce responsible sanitation practices and appreciation of how these systems protect communities and the environment.”

Students participated in interactive discussions on sewage collection and treatment processes and sewer system challenges. They also highlighted the role young people can play in shaping sanitation practices within their households and communities.

SAFETY AND OPERATIONS BRIEFINGS

In addition to school-based sessions, Maynilad conducts wastewater briefings for district officials and residents living near Water Reclamation Facilities, covering wastewater operations, safety procedures, and emergency preparedness during extreme weather and other incidents. <<