About CREC
CREC is a publicly listed company based in San Juan (Philippines) founded in 2015. Renewable energy solutions are provided by CREC in the Philippines. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its competitors include Freya, Al Arabiya Energy Corporation and REurasia Management.
Company details
CREC was founded in 2015 and is based in San Juan, Philippines, within the renewable energy sector. Operations focus on developing projects to align with national clean energy goals. A project pipeline exceeding five gigawatts is managed across the country. Services include renewable power generation and infrastructure. An initial public offering is scheduled for 2024.
- Headquarters San Juan, Philippines
- Stage Public
- SectorsEnergy & Utilities
- Website crec.com.ph
- Legal Name Citicore Renewable Energy Corp.
- Annual Revenue$90.25 M (USD)3.36as on Dec 31, 2025
- Net Profit$12.65 M (USD)20.58as on Dec 31, 2025
- EBITDA$30.87 M (USD)4.11as on Dec 31, 2025
- Latest Funding Round$120M (USD), Post-IPO
Jun 2025
- Investors
Funding Insights of CREC
- Total Rounds 1
- Last Round Post-IPO — $120M
- First Round $120M
(Jun 2025)
- Investors Count 1
All 1 funding rounds of CREC with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2025 | $120M | Post-IPO | – | – |
1 investors in total: 1 institutional.
Investors in CREC
CREC has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Pertamina New & Renewable Energy.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Pertamina New & Renewable Energy is focused on sustainable energy solutions. | pertaminanre.com | Jakarta, Indonesia |
Investor details for CREC
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People of CREC
5 people are tracked at CREC (3 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Jerard Garcia | Assistant Vice President - Energy Sales And Trading / President - Citicore Energy Solutions Inc. | Leadership |
Oliver Y. Tan | President and CEO | Leadership |
Romen Real | Area Manager/head Of Project Management For EPC Projects | Leadership |
Danica Evangelista | AVP - Corporate Legal Counsel And Corporate Secretary | Team |
Christian Joel Lopez | Estimation And Project Control Manager | Team |
Complete people profiles for CREC
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IPO & Listings of CREC
CREC is a publicly listed company on the PSE with ticker symbol CREC in Philippines, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date07 Jun 2024
- Listed onPSE: CREC
- Listed entityCiticore Renewable Energy Corp.
- Exchange sectorIndustrial services
- ISINPH0000058844
- Share price4.45 PHP (-0.45% on the day) · 2026-10-14
- Market capitalisation49,888,393,010.00 PHP
- Price to earnings37.0
- EPS (diluted, trailing year)0.12 PHP
- Volume (last session)99,000
Financials of CREC
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 5.32B PHP | 745.5M PHP | 1.82B PHP |
| 2024 | 5.15B PHP | 618.3M PHP | 1.74B PHP |
| 2023 | 3.68B PHP | 685.0M PHP | 1.24B PHP |
| 2022 | 2.79B PHP | 631.6M PHP | 1.14B PHP |
| 2021 | 1.01B PHP | 192.3M PHP | 508.6M PHP |
Detailed financial statements for CREC
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of CREC
3 dated milestones of CREC across 10 years, from founding to its latest funding, stage changes and deals.
- Founded CREC is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $120.0M.
Competitors of CREC
CREC has 3 listed competitors in our database. They include Freya, Al Arabiya Energy Corporation and REurasia Management.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| freya.asia | 2020 | Makati, Philippines | Renewable energy business development consultancy is offered across Southeast Asia. | |||
| aec-ph.com | 2017 | Makati, Philippines | Provides EPC services in the solar and oil & gas sectors. | |||
| reurasia.com | 2016 | Makati, Philippines | Provides renewable energy services like solar and biomass for sustainable projects. |
Detailed competitors of CREC
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Web traffic of CREC
The website of CREC (crec.com.ph) receives about 2.9K visits a month.
- Monthly visits2.9K
▼ 11.2% vs previous month
Websites whose visitors overlap most with CREC. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| creit.com.ph | 100% | 7K | #2,644,936 | View details |
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Related news about Crec
Complete news archive for CREC
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Frequently Asked Questions about CREC
CREC was founded in 2015 and raised its 1st funding round 10 years after it was founded.
CREC is headquartered in San Juan, Philippines.
Annual revenue of CREC is $90.25M as on Dec 31, 2025.
CREC was founded in 2015 and is based in San Juan, Philippines, within the renewable energy sector. Operations focus on developing projects to align with national clean energy goals. A project pipeline exceeding five gigawatts is managed across the country. Services include renewable power generation and infrastructure. An initial public offering is scheduled for 2024.
CREC's top competitors include Freya, Al Arabiya Energy Corporation and REurasia Management.
Yes, CREC is publicly traded on PSE under the ticker symbol CREC.
CREC has 1 investor. Key investors include Pertamina New & Renewable Energy.