The Philippines’ state-run sovereign wealth fund, Maharlika Investment Corp (MIC), has raised its full-year earnings target to P3.3 billion for 2026, driven by accelerated capital deployment and a growing portfolio of new investments.
The fund reported core income of P1.24 billion for the first half of the year, setting a strong foundation for the revised outlook.
The P1.24 billion first-half result underscores the fund’s growing profitability as it moves beyond its initial setup phase into active, large-scale investment management.
MIC Vice President for Finance highlighted that the increased guidance reflects the fund’s ability to scale operations and secure higher-yielding assets.
The P1.24 billion first-half result underscores the fund’s growing profitability as it moves beyond its initial setup phase into active, large-scale investment management.
The upward revision in earnings expectations signals confidence in the Philippine investment landscape and MIC’s strategy to deploy capital more aggressively.
For investors and stakeholders, the target suggests that the fund is on track to deliver meaningful returns on its sovereign mandate, potentially reducing reliance on government subsidies in the medium term.