Manila Water Company Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Roberto Jose Locsin

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	no data
CEO ownership	0.05%
Management average tenure	3.4yrs
Board average tenure	2.4yrs

Recent management updates

Recent updates

CEO

Roberto Jose Locsin (50 yo)

no data

Tenure

Mr. Roberto Jose R. Locsin is President, CEO & Director of Manila Water Company, Inc. from January 1, 2026. Mr. Locsin served as Director at Eastern Water Resources Development and Management Public Compan...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Donato Almeda	Chief Regulatory Officer & Executive Director	4.6yrs	no data	0.033% ₱ 39.3m
Roberto Jose Locsin	President	no data	no data	0.047% ₱ 56.6m
Gigi Iluminada Miguel	CFO, Treasurer & Group Director for Finance and Strategy	4.3yrs	no data	0.036% ₱ 43.2m
Anne Lizbeth Olmo	Department Head of Financial Accounting	no data	no data	no data
Melissa Egasani	Chief Information Officer & Group Director for Corporate Information Technology	1.4yrs	no data	no data
Mark Orbos	Department Head of Corporate Strategy & Investor Relations	no data	no data	no data
Amabelle Asuncion	Chief Legal Officer & Chief Compliance Officer	3.4yrs	no data	0.018% ₱ 22.1m
Nestor Eric Sevilla	Group Head of Corporate Strategic Affairs & Group Director of Corporate Communications Affairs	no data	no data	0.013% ₱ 15.2m
Janine Carreon	Group Director of Corporate Human Resources	9.8yrs	no data	0.023% ₱ 27.2m
Arnold Jether Mortera	Chief Operating Officer of East Zone	no data	no data	0.028% ₱ 33.6m
Estelita Orodio	Division Head of Operations Services	no data	no data	no data
Evangeline Clemente	Regulatory Mgmt Group Director of East Zone & SLT Technical Chief of Staff	less than a year	no data	0.015% ₱ 18.3m

3.4yrs

Average Tenure

54yo

Average Age

Experienced Management: MWC's management team is considered experienced (3.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Donato Almeda	Chief Regulatory Officer & Executive Director	4.6yrs	no data	0.033% ₱ 39.3m
Roberto Jose Locsin	President	no data	no data	0.047% ₱ 56.6m
Octavio Victor Espiritu	Independent Director	4.8yrs	₱2.08m	0.0064% ₱ 7.7m
Sherisa Nuesa	Lead Independent Director	12.8yrs	₱2.13m	0.14% ₱ 170.1m
Enrique Razon	Chairman of the Board	4.6yrs	₱1.38m	0% ₱ 0
Sandy Alipio	Director	2.4yrs	no data	0.000010% ₱ 12.0k
Eric Ramon Recto	Independent Director	4.8yrs	₱1.98m	0.00034% ₱ 408.6k
Diosdado Peralta	Independent Director	no data	no data	0.012% ₱ 14.5m
Katrina Razon	Director	2.2yrs	₱1.58m	0% ₱ 0
Jose Eduardo Alarilla	Director	less than a year	no data	0% ₱ 0
Stephen George Paradies	Director	less than a year	no data	0.20% ₱ 244.3m

2.4yrs

Average Tenure

65yo

Average Age

Experienced Board: MWC's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/31 17:00
End of Day Share Price	2026/01/30 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

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 world class team 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

Manila Water Company, Inc. is covered by 12 analysts. 3 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
James McCafferty	CGS International

Manila Water Company Management

Management criteria checks 1/4

Key information

Recent management updates

Lead Independent Director recently sold ₱538k worth of stock

Lead Independent Director recently sold ₱3.8m worth of stock

Lead Independent Director recently sold ₱2.2m worth of stock

Lead Independent Director recently sold ₱2.5m worth of stock

Lead Independent Director recently sold ₱2.9m worth of stock

Lead Independent Director recently sold ₱4.7m worth of stock

Recent updates

New minor risk - Insider selling

Lead Independent Director recently sold ₱538k worth of stock

Lead Independent Director recently sold ₱3.8m worth of stock

Third quarter 2025 earnings released: EPS: ₱1.59 (vs ₱1.08 in 3Q 2024)

Lead Independent Director recently sold ₱2.2m worth of stock

Lead Independent Director recently sold ₱2.5m worth of stock

Lead Independent Director recently sold ₱2.9m worth of stock

Second quarter 2025 earnings released: EPS: ₱1.48 (vs ₱1.28 in 2Q 2024)

Lead Independent Director recently sold ₱4.7m worth of stock

Price target increased by 16% to ₱41.84

First quarter 2025 earnings released

Now 20% overvalued after recent price rise

Insider recently sold ₱2.8m worth of stock

Manila Water Company, Inc. Approves Board and Committee Changes

President recently sold ₱2.8m worth of stock

Dividend increased to ₱1.84

Full year 2024 earnings: Revenues in line with analyst expectations

Manila Water Company, Inc. Declares Special Cash Dividend, Payable on March 28, 2025

President recently bought ₱2.5m worth of stock

President recently bought ₱237k worth of stock

Third quarter 2024 earnings released: EPS: ₱1.08 (vs ₱0.67 in 3Q 2023)

Lead Independent Director recently sold ₱5.2m worth of stock

Chief Information Officer recently sold ₱1.4m worth of stock

Second quarter 2024 earnings released

New major risk - Revenue size

Consensus EPS estimates increase by 11%

Price target increased by 8.1% to ₱29.90

First quarter 2024 earnings released

Now 22% overvalued after recent price rise

Upcoming dividend of ₱1.13 per share

Full year 2023 earnings released

Manila Water Company, Inc., Annual General Meeting, Apr 25, 2024

Manila Water Company, Inc. Appoints Michael M. Mayo as Group Director for the Engineering Group

Third quarter 2023 earnings released

Manila Water Company, Inc. (PSE:MWC) announces an Equity Buyback for 288,998,734 shares, for PHP 4,960.58 million.

Manila Water Company, Inc. Announces Resignation of Jose Rene Gregory D. Almendras as Director and Ceases to Be Member of its Executive Committee

Manila Water Company, Inc. Appoints Ms. Valerie R. Tagada as Group Director for Supply Chain Management Group, Effective on October 16, 2023

Second quarter 2023 earnings released

Manila Water Company, Inc. Appoints Joemar B. Emboltorio as Group Director for East Zone Operations

Independent Director recently bought ₱1.9m worth of stock

First quarter 2023 earnings released

Upcoming dividend of ₱0.62 per share at 1.9% yield

Full year 2022 earnings released: EPS: ₱1.79 (vs ₱1.12 in FY 2021)

Manila Water Company, Inc. Announces Rafael D. Consing, Jr. to Ceases as Member of Executive Committee, Audit Committee, and Related Party Transactions Committee

Manila Water Company, Inc. Appoints Nestor Eric T. Sevilla, Jr. as the Group Director for Corporate Communication Affairs

Manila Water Company, Inc., Annual General Meeting, Apr 19, 2023

Upcoming dividend of ₱0.38 per share

Third quarter 2022 earnings released: EPS: ₱0.48 (vs ₱0.20 in 3Q 2021)

Less than half of directors are independent

President recently bought ₱804k worth of stock

President recently bought ₱233k worth of stock

President recently bought ₱300k worth of stock

President recently bought ₱316k worth of stock

Manila Water Company, Inc Announces Resignation of Fernando Zobel De Ayala as Member of the Board of Directors

President recently bought ₱164k worth of stock

Second quarter 2022 earnings released

President recently bought ₱213k worth of stock

President recently bought ₱318k worth of stock

Insider recently bought ₱1.2m worth of stock

CFO, Treasurer recently bought ₱350k worth of stock

President recently bought ₱402k worth of stock

Price target decreased to ₱29.27

President recently bought ₱938k worth of stock

First quarter 2022 earnings: Revenues miss analyst expectations

Independent Director recently bought ₱3.9m worth of stock

Less than half of directors are independent

Consensus EPS estimates fall by 22%

Price target increased to ₱35.82

Full year 2021 earnings: Revenues miss analyst expectations