Natural Resources
Vulcan Materials Corporation
Vulcan Materials Corporation (VMC) (100% owned) has no revenue or expenses earned/incurred as of end March 2026 and end March 2025, respectively. VMC ceased its operations effective December 2017 following the sale of its crushing plant and exploration/production rights over the Montalban quarry to Big Rock Aggregates Corporation.
On November 8, 2023, during the Special meeting of the Board of Directors held jointly with the Special Meeting of its Stockholders, the management proposed to permanently close VMC in order to cut its losses, since it has no operations since 4th quarter of 2016 to date and lacks any prospective business in the future. The Board of Directors and Stockholders approved the closure and dissolution of VMC effective November 15, 2023.
Anglo Philippine Power Corporation (APPC)
Anglo Philippine Power Corporation (APPC) (100% owned) is presently evaluating various renewable energy projects for future investment and is still in its pre-operating stage.
APPC wholly-owned subsidiary, Bataan Aggregates Corp. (BAC), commenced commercial operations in January 2018. On October 2019, BAC sold its quarry equipment to Concrete Stone Corp. and paid over the proceeds of the sale to APPC in settlement of BAC ’s debt. BAC has no revenue or expenses earned/incurred as of end March 2026 and end March 2025 due to no operations during the period.
The Philodrill Corporation
The Company owns 34.87% of The Philodrill Corporation (OV) posted a consolidated net loss of P0.65 million as of end-March 2026 compared to a net income of P28.5 million as of end-March 2025.The Galoc well continue to produce at an average production of 1,038 bopd based on total production of 93,414 barrels as of March 31, 2026. Total production has reached about 25,425,810 barrels from inception up to end of March 2026.
United Paragon Mining Corporation
United Paragon Mining Corporation (UPMC) (25.69% owned) the company reported a net loss of P9.4 million as of end March 2026, compared to a net loss of P2.7 million as of end March 2025 which was primarily attributable to the waiver of interest by CMI as agreed in December 2024. UPMC was granted a new exploration permit on August 24, 2018, and successfully completed its exploration work program in October 2020, which involved the drilling of three holes with a total depth of 604.9 meters. On February 4, 2021, the Company filed a Declaration of Mining Project Feasibility (DMPF). With the recent lifting of the moratorium on mining agreements under EO 130, UPMC is expected to expedite efforts to convert its exploration permit to a DMPF and subsequently into a mineral production sharing agreement to commence operations as soon as possible. Currently, both UPMC and Camarines Minerals, Inc. (CMI) have met the requirements for DMPF approval, and their joint MPSA application is pending with the MGB Central Office.
Atlas Consolidated Mining and Development Corporation
Atlas Consolidated Mining & Development Corp. (AT) (28.64% owned) posted a consolidated net income of P645 million as of end March 2026, compared to a net loss of P404 million as of end March 2025.
Oil Exploration
The Company continues to participate in the following Oil Exploration contracts:Service Contract 53 Onshore Mindoro 18.52000%
SC 86 (ex-SC 6A) Octon, NW Palawan 14.14600%
PCECP Area 7 (ex-SC 41) Sulu Sea 1.67900%SC-53 (Onshore Mindoro)
The JVP continues to coordinate with the National Commission on Indigenous People (NCIP) for the FPIC process in Cambayan, Occidental Mindoro. The JVP had been advised that the NCIP-San Jose Service Center is still awaiting instruction from the Regional Office on the way forward for the MOA with the Hagura IP.
On the Oriental side, the NCIP-Bulalacao Service Center is waiting for the resolution of the Magsaysay, Occidental Mindoro MOA review before proceeding with the FPIC process in Bulalacao, Oriental Mindoro.
SC 86 (Formerly SC 6A- Octon Block)
On October 8, 2025, New Petroleum Service Contract signed by the President of the Republic of the Philippines in favor of Anglo Philippine Holdings Corporation (Anglo) and other Joint Venture Partners.
Nominated Area No. 10 (formerly SC 6A – Octon Block) was signed as Service Contract No. 86, located in Northwest Palawan, with a total contract area of 132,000 hectares. Anglo ’s Participating Interest in the contract is 14.146%The following are the participating interest of the joint venture partners to Service Contract No. 86:
Joint Venture Partners
Participating Interest (%)
Philodrill
72.1662
Anglo
14.1460
Forum
6.8439
PXP Energy
6.8439
As part of the proposed work program, the Joint Venture will focus on appraising the Octon discovery for a potential tie-back to the Galoc oil field and will also identify a drilling location to test the Malajon-Salvacion-Saddle Rock prospect.
The Department of Energy (DOE) will manage the contract under the Philippine Conventional Energy Contracting Program (PCECP). The new Petroleum Service Contract authorizes Anglo and its Joint Venture partners to explore, develop, and eventually produce petroleum resources within the specified area.PCECP Area 7 (ex-SC 41) Sulu Sea
The JVP submitted on August 15, 2019 a joint bid over PCECP Area 7 in Sulu Sea. The DOE found the joint application satisfied the bid criteria set forth and, in September 2019, confirmed that the joint bid qualified for further substantive legal, financial, and technical evaluation.
However, the DOE held in abeyance the awarding of a new service contract pending the complete organization of Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) and the implementation of policies. As of December 31, 2023, however, the DOE has not sent any formal communication nor awarded any new service contract for PCECP Area 7.
As of the current reporting period there were no exploration done by the Company.Property Development
Tipo Valley Realty, Inc. (TVRI)
Tipo Valley Realty, Inc. (TVRI) (97.59% owned) TVRI posted a net loss of P1.7 million as of end March 2026 as compared to a net loss of P0.7 million as of end March 2025.TVRI’s conversion application covering 248 parcels of land with a total area of 272.2865 hectares in Hermosa, Bataan was granted with finality by the DAR Central Office on June 16, 2020. Despite pandemic-related challenges, TVRI pursued predevelopment studies and registered an 856,800-square-meter portion of its consolidated property with AFAB as a FAB Expansion Area, and itself as a FAB Developer, on April 6, 2021. However, the DAR five-year development period expired on June 16, 2025, while the AFAB three-year development period expired in 2024, with the project still in predevelopment and without commercial operations. AFAB has since granted TVRI an extension while TVRI’s petition with DAR remains pending to date. TVRI has also acquired an additional 134,297 square meters for possible access connecting the consolidated properties to the intended DPWH bypass road, in line with its objective to develop the first phase into a viable mixed-use commercial and hospitality estate supporting ecotourism. TVRI is currently evaluating contractors aligned with its project requirements.
MRT Development Corporation
The Company likewise continues to maintain 15.79% interest in MRT Development Corp. which generates revenues from concessionaire rentals and advertising fees in the MRT stations.
Infrastructure Project
The Company continues to maintain its 18.6% equity in MRT Holdings, Inc., the indirect majority owner of the Metro Rail Transit Corporation (MRTC). The Metro Rail Transit Line 3 (MRT-3) serviced a total of 141,626,536 passengers from January 1 to December 31, 2025. This represents a 4.08% increase over 2024's total of 135,885,336, marking the highest ridership in eight years.The increase in ridership is attributed to continued rehabilitation efforts and improved operational capacity.
Other Investments
The Company has minority investment in Brightnote Assets Corporation, a holding company organized for the purpose of investing in the Calabarzon area.
Filipinas Energy Corporation (FEC) has not undertaken any business operation since its incorporation due to the deferment of the transfer of the Company’s oil and mineral assets.
For additional information
Please call +63-2-86315139
or email us at info@anglophil.com
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