MANILA, Philippine — State-run Maharlika Investment Corp. booked P1.24 billion in first-half core income and targets to earn P3.3 billion in 2026 from new investments and wider deployment.
MIC Vice President for Finance Marvin Martija told reporters first-half earnings drew support from new income, including interest on a P15-billion loan to Petron Corp. and returns from assigning its Makilala Mining Co. Inc. loan to an Indian firm, generating about a 25 percent annualized peso return.
READ: Maharlika extends P15B credit line to Petron to boost crude oil supply
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Comprehensive income reached P2.7B by end-June, driven by fair value gains from Synergy Grid & Development Phils. Inc. shares bought at P11.46 and closing at P28.50. Martija said MIC acquired the shares at P11.46 apiece, which closed at P28.50 at the end of June.FEATURED STORIES
