Metro Pacific Tollways Corporation (MPTC) reported an 8% increase in first-half toll revenues for 2026, reaching nearly P20 billion on the back of expanding regional network operations.
The Manny V. Pangilinan-headed infrastructure firm posted P19.6 billion in toll earnings from January to June, up from P18.1 billion recorded during the equivalent timeframe last year.
Company management cited network expansions in the Philippines and strong international performance in Indonesia for driving top-line growth, which cushioned a minor dip in local traffic volume.
Domestic tollways averaged 715,000 vehicle trips daily—a 1% decline from 722,000 year-on-year. Conversely, Indonesian operations recorded a 3% boost in daily traffic to 1.67 million vehicles.
Across its entire regional footprint, including Vietnam, overall daily vehicle traffic edged up 1% to roughly 2.5 million, spanning a portfolio of over 1,100 kilometers.
“Our first-half results reflect a broader and still-expanding regional business,” MPTC stated on Monday.
Domestic revenue was supported by the opening of the CAVITEX C5 Link Phase 1 and CALAX Subsection 3. Internationally, sustained logistics demand, indexation adjustments, and improved network connectivity bolstered performance in Indonesia, where MPTC holds a 92.8% stake in PT Nusantara Infrastructure through Metro Pacific Tollways Asia.
First-half capital expenditures slipped 5% to P7.6 billion, hindered by right-of-way acquisition delays and complex site conditions. Key infrastructure projects currently under construction include:
- NLEX Segment 8.2 (Section 1A)
- CALAX (Remaining Subsections)
- CAVITEX-CALAX Link Expressway (CCLINK)
- CAVITEX C5 Link (Segment 3B Phase 2)
- NLEX Connector
Borrowing costs tied to these active developments continue to be capitalized pending project completion.
“Our priority remains the same: keep our roads safe and reliable, finish critical links as quickly as right-of-way and construction conditions allow, and deliver better mobility for motorists, commuters and businesses,” the company said.
Meanwhile, a planned consolidation between MPTC and San Miguel Corporation’s tollway division is set to conclude in the third quarter of 2026.
Under the terms, the Ramon S. Ang-led conglomerate will hold a controlling 55% stake in the combined tollway entity, while MPTC will retain the remaining 45%.