First Gen Management

Management criteria checks 4/4

First Gen's CEO is Federico Lopez, appointed in Feb 2008, has a tenure of 18.58 years. directly owns 0.17% of the company’s shares, worth ₱165.58M. The average tenure of the management team and the board of directors is 15.7 years and 5.3 years respectively.

Key information

Federico Lopez

Chief executive officer

₱333.3k

Total compensation

CEO salary percentage	n/a
CEO tenure	18.6yrs
CEO ownership	0.2%
Management average tenure	15.7yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

CEO

Federico Lopez (65 yo)

18.6yrs

Tenure

₱333,333

Compensation

Mr. Federico Rufino Lopez serves as Chief Executive Officer at Lopez Holdings Corporation since 2020. He has been the Chief Executive Officer and Chairman of First Philippine Holdings Corporation since May...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Federico Lopez	Chairman & CEO	18.6yrs	₱333.33k	0.17% ₱ 165.6m
Francis Giles Puno	President COO & Vice Chairman	21.1yrs	₱500.00k	0.22% ₱ 217.6m
Richard Tantoco	Executive Director	21.7yrs	₱7.22m	0.047% ₱ 45.1m
Emmanuel Antonio Singson	Executive VP	16.7yrs	no data	0.017% ₱ 16.3m
Victor Emmanuel Santos	Executive VP & Corporate Information Officer	no data	no data	no data
Valerie Gloriane Dy Sun-Lim	VP & Head of Investor Relations	15.7yrs	no data	no data
Nurjehan Maria Dayrit	VP, Compliance Officer & Chief Risk Officer	no data	no data	no data
Ramon Carandang	Vice President of Corporate Communications	11.7yrs	no data	no data
Vincent Martin Villegas	Senior VP & Chief Revenue Officer	2.3yrs	no data	no data
Erwin Avante	Senior Vice President	3.6yrs	no data	0.0014% ₱ 1.3m
Dennis Michael Gonzales	Senior VP & Head of Portfolio Development Group	no data	no data	0.0097% ₱ 9.4m
Jerome Cainglet	Senior Vice President	3.6yrs	no data	0.0082% ₱ 7.9m

15.7yrs

Average Tenure

58.5yo

Average Age

Experienced Management: FGEN's management team is seasoned and experienced (15.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Federico Lopez	Chairman & CEO	27.8yrs	₱333.33k	0.17% ₱ 165.6m
Francis Giles Puno	President COO & Vice Chairman	21.1yrs	₱500.00k	0.22% ₱ 217.6m
Richard Tantoco	Executive Director	21.1yrs	₱7.22m	0.047% ₱ 45.1m
Manuel Francisco Ayala	Independent Director	1.3yrs	₱7.22m	0% ₱ 0
Manuel Lopez	Director	5.8yrs	₱7.22m	0.00014% ₱ 135.4k
Edgar Chua	Independent Director	5.3yrs	₱7.39m	0% ₱ 0
Mario Bautista	Senior Board Adviser	4.3yrs	no data	no data
Alicia Morales	Independent Director	8.3yrs	₱7.39m	0% ₱ 0
Elvira Bautista	Director	5.3yrs	₱7.17m	0.017% ₱ 16.0m
Manolo Michael T. Guzman	Director	4.3yrs	no data	0% ₱ 0
Maria Abello	Director	3.3yrs	₱7.00m	0.017% ₱ 16.2m

5.3yrs

Average Tenure

63yo

Average Age

Experienced Board: FGEN's board of directors are considered experienced (5.3 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/10 17:38
End of Day Share Price	2026/09/10 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Gen Corporation is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Julian Vincent Roxas	BofA Global Research
Edser Trinidad	CGS International
Jan Derrick Guarin	CLSA

First Gen Management

Management criteria checks 4/4

Key information

Recent management updates

First Gen Corporation, Annual General Meeting, May 28, 2026

First Gen Corporation Announces Resignation of Ernie G. Imperial as Chief Digital Officer, Effective January 5, 2026

First Gen Corporation Announces the Resignation of Senior Vice President Teodorico Jose R. Delfin

First Gen Corporation, Annual General Meeting, May 29, 2025

First Gen Corporation, Annual General Meeting, May 31, 2024

First Gen Corporation Announces the Resignation of Richard B. Tantoco as Executive Vice President

Recent updates

Kohlberg Kravis Roberts & Co. L.P. cancelled the acquisition of 8.43% stake in First Gen Corporation (PSE:FGEN) from First Philippine Holdings Corporation (PSE:FPH).

Second quarter 2026 earnings released: EPS: ₱1.33 (vs ₱0.19 in 2Q 2025)

New major risk - Share price stability

Consensus revenue estimates increase by 10%

Investor sentiment improves as stock rises 19%

Dividend of ₱0.40 announced

First Gen Corporation Declares Cash Dividend, Payable on June 30, 2026

Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

First Gen Corporation, Annual General Meeting, May 28, 2026

First Gen Corporation Announces Resignation of Ernie G. Imperial as Chief Digital Officer, Effective January 5, 2026

Dividend of ₱0.40 announced

First Gen Corporation Declares Cash Dividends, Payable on December 22, 2025

Third quarter 2025 earnings released: EPS: US$0.015 (vs US$0.015 in 3Q 2024)

Second quarter 2025 earnings released: EPS: US$0.022 (vs US$0.02 in 2Q 2024)

Consensus revenue estimates fall by 21%

Dividend of ₱0.40 announced

Prime Infrastructure Capital, Inc. executed a term sheet to acquire 60% stake in Assets of First Gen Corporation (PSE:FGEN) for PHP 50 billion.

Investor sentiment improves as stock rises 16%

Now 20% overvalued

First quarter 2025 earnings released: EPS: US$0.023 (vs US$0.022 in 1Q 2024)

New major risk - Dividend sustainability

First Gen Corporation Announces the Resignation of Senior Vice President Teodorico Jose R. Delfin

First Gen Corporation, Annual General Meeting, May 29, 2025

Dividend of ₱0.45 announced

First Gen Corporation Declares Cash Dividends on Common Shares, Payable on December 23, 2024

Third quarter 2024 earnings released: EPS: US$0.015 (vs US$0.02 in 3Q 2023)

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: US$0.021 (vs US$0.02 in 2Q 2023)

Now 25% undervalued after recent price drop

Upcoming dividend of ₱0.45 per share

Dividend of ₱0.45 announced

First Gen Corporation Declares Cash Dividend, Payable on July 9, 2024

First quarter 2024 earnings released: EPS: US$0.022 (vs US$0.025 in 1Q 2023)

Full year 2023 earnings: EPS and revenues miss analyst expectations

First Gen Corporation, Annual General Meeting, May 31, 2024

Upcoming dividend of ₱0.50 per share at 2.8% yield

First Gen Corporation Declares Dividend on Common Shares, Payable on December 22, 2023

Third quarter 2023 earnings released: EPS: US$0.023 (vs US$0.018 in 3Q 2022)

Second quarter 2023 earnings released: EPS: US$0.021 (vs US$0.016 in 2Q 2022)

First Gen Corporation Announces the Resignation of Richard B. Tantoco as Executive Vice President

Upcoming dividend of ₱0.40 per share at 4.3% yield

Consensus EPS estimates increase by 17%

First Gen Corporation Declares Dividend on Common Shares, Payable on June 30, 2023

First quarter 2023 earnings released: EPS: US$0.025 (vs US$0.017 in 1Q 2022)

Investor sentiment improves as stock rises 16%

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

Insider recently bought ₱205k worth of stock

Upcoming dividend of ₱0.42 per share

Less than half of directors are independent

Chairman Emeritus recently sold ₱82m worth of stock

Second quarter 2022 earnings released

Upcoming dividend of ₱0.35 per share

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Consensus forecasts updated

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Executive VP & Executive Director recently sold ₱3.0m worth of stock

Third quarter 2021 earnings released: EPS US$0.018 (vs US$0.016 in 3Q 2020)

Insider recently sold ₱9.9m worth of stock

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: EPS US$0.017 (vs US$0.018 in 2Q 2020)

Executive VP & Executive Director recently sold ₱3.2m worth of stock

Upcoming dividend of ₱0.30 per share

Lead Independent Director has left the company

First quarter 2021 earnings released: EPS US$0.023 (vs US$0.017 in 1Q 2020)

Insider recently sold ₱4.0m worth of stock

Investor sentiment improved over the past week

New 90-day high: ₱31.05