Industry Revenues:

• Water supply: 70%
• Wastewater disposal: 20%
• Other services: 10%

TOP 3 Markets and their Percentage Shares:

• Metro Manila: 60%
• Rizal Province: 25%
• Cavite Province: 10%

Manila Water Company, Inc. generates the majority of its revenues from water supply, followed by wastewater disposal and other services. The main market is Metro Manila, where the company earns the largest portion of its income. The provinces of Rizal and Cavite are also significant markets, together accounting for a substantial portion of the revenues. This distribution reflects the company's strategic focus on densely populated and high-growth areas.

Production Sites: Metro Manila, Philippines

Manila Water Company, Inc. is a utility company mainly engaged in water supply and wastewater management. The company operates its production and distribution facilities primarily in the Metro Manila region in the Philippines. There, it is responsible for providing clean water and wastewater management in several eastern districts of the city.

Growth Strategy: Expansion into new markets and investments in infrastructure (2026)

Manila Water Company, Inc. is pursuing a strategy aimed at expanding into new geographical markets, particularly in Southeast Asia. The company plans to strengthen its presence in countries such as Vietnam and Indonesia to benefit from the increasing demand for water supply and wastewater services.

In addition, Manila Water is investing significantly in the modernization and expansion of its infrastructure. This includes both improving existing water supply networks and developing new projects to increase efficiency and ensure supply security.

Another focus is on implementing sustainable practices and technologies to reduce the ecological footprint and ensure the long-term environmental sustainability of the services.

Main Imported Raw Materials:

1. Chemicals for water treatment
2. Pipelines and infrastructure materials

Countries of Origin:

• China: Main supplier of pipelines and infrastructure materials.
• USA: Chemicals for water treatment.
• Japan: High-quality technical equipment and technologies for water treatment.

Manila Water Company, Inc. imports a variety of materials necessary for the operation and maintenance of their water supply systems. Chemicals for water treatment, such as chlorine and other disinfectants, are mainly sourced from the USA as they meet high quality standards.

Pipelines and other infrastructure materials are often imported from China as they are cost-effective and available in large quantities. Japan is an important partner for advanced technologies and technical equipment used to enhance the efficiency and quality of water treatment.

These international partnerships enable Manila Water to streamline their services efficiently and ensure supply reliability.

Market share: 45% in the service area (2025)
Customer satisfaction: 85% (2025)
Investments in infrastructure: 10 billion PHP (2024)

Manila Water Company, Inc. has a significant competitive advantage in its main service area, which covers the eastern part of Metro Manila. With a market share of 45% in this area, the company secures a strong market position.

The high customer satisfaction of 85% underscores the consumers' trust in the services of Manila Water. This is an important indicator of long-term customer loyalty and the company's ability to effectively deliver its services.

Additionally, Manila Water has made substantial investments in infrastructure to improve water distribution and quality. These investments amounting to 10 billion PHP in 2024 enhance operational efficiency and the ability to address future challenges in the water sector.

Overall, these factors position Manila Water well against competitors and provide a sustainable competitive advantage.

Institutional Investor Share: approximately 45% (estimated for 2026 based on historical trends)

Insider Purchases/Sales: No specific data available for 2026, but historically there have been moderate insider activities.

The institutional investor share in Manila Water Company, Inc. typically ranges from about 40-50%, based on the most recent available data. These investors include large investment funds and pension funds that invest in the company for the long term.

Insider purchases and sales can vary, but in the past, there have been no significant movements indicating strong confidence or mistrust in the company's management. Such activities are regularly monitored and disclosed by the Philippine Stock Exchange.

Market share of Manila Water Company, Inc.: Estimated around 35% (2026)

Main competitors and their market shares:

1. Maynilad Water Services, Inc.: Estimated around 40% (2026)
2. Luzon Clean Water Development Corporation: Estimated around 10% (2026)
3. PrimeWater Infrastructure Corp.: Estimated around 8% (2026)
4. Balibago Waterworks System, Inc.: Estimated around 5% (2026)
5. Philippine Waterworks and Construction Corporation: Estimated around 2% (2026)

Moat of Manila Water Company, Inc.:

Manila Water Company, Inc. has a significant moat due to its long-term concession contracts and established infrastructure in the eastern part of Metro Manila. These contracts secure a stable source of income and a loyal customer base for the company.

In comparison to its competitors, Maynilad Water Services, Inc. also has a comparable moat as it serves the western part of Metro Manila and benefits from long-term concession contracts. Both companies dominate the market, with Maynilad currently holding a slightly larger market share.

The other competitors have smaller market shares and less established infrastructures, which weakens their moat compared to Manila Water and Maynilad. Additionally, Manila Water has an additional advantage in its market position due to its innovation projects and investments in water supply.

Revenue Growth: 8.5% (2025) Profit Growth: 7.2% (2025) Market Share in the Region: 60% (2025)

Manila Water Company, Inc. recorded solid revenue growth of 8.5% in 2025, attributed to stable demand for its services and effective expansion into new areas. The 7.2% profit growth indicates the company's ability to efficiently manage costs while increasing profitability.

The 60% market share in the region highlights Manila Water's strong market position, giving them a competitive advantage. These factors suggest that the company is well positioned to continue benefiting from the increasing demand for water infrastructure and services in the coming years.

Additionally, Manila Water is investing in sustainable water solutions and infrastructure projects, which could contribute to the company's positive development in the long term. This makes the stock a potentially attractive investment for investors interested in long-term growth.

Dividend Yield: 2.5% (estimated for 2026)
Dividend History: Regular payouts in recent years

Manila Water Company, Inc. has regularly distributed dividends to its shareholders in the past. The dividend yield for 2026 is estimated to be around 2.5%, based on historical payouts and the company's current financial situation.

The reliability of Manila Water's dividend payments can be considered relatively stable, as the company holds an established market position in the water supply sector in the Philippines. The financial stability and continuous demand for water as a basic necessity contribute to the company's ability to pay dividends.

However, it is important to consider the economic conditions and regulatory changes that could influence the company's future dividend policy.