Business
IPM’s Garbage Business Makes More Money—So Why Did It Still Lose ₱15 Million?
The listed company, whose core environmental-services operations are largely carried out through subsidiary Basic Environmental Systems & Technologies Inc. (BEST), reversed from a ₱11.59 million net profit in the same period last year. IPM’s latest financial report showed that service income rose 3 percent to ₱122.30 million in the first six months of 2026 from ₱118.76 million a year earlier. But the increase was overwhelmed by expenses. Cost of services surged 35.8 percent to about ₱118.65 mi
