Semirara stock fell 4.96 percent as mine cuts deepen! $$$

Published on 10/05/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Semirara stock faced a new operating test after 996 job cuts at Acacia on October 2, 2026. Q2 revenue rose 25 percent to PHP 18.6 billion.

Semirara, PHY7628G1124, Illustration mit AI erstellt.

Semirara stock (ISIN PHY7628G1124) closed at PHP 13.40 on October 2, 2026, down 4.96 percent from the previous session. The decline followed news that the company would cut 996 additional jobs as seawater disrupted access to coal at the Acacia mine.

According to Philstar.com on October 3, 2026, seawater inflows reached 30,000 cubic meters per hour and exceeded the mine's pumping capacity. Stripping activities were partially suspended, while the company kept its 2026 coal production target at 12 million metric tons.

Acacia disruption raises 2027 risk

The immediate issue is operational, but the larger investor question concerns future coal supply. The Acacia mine was expected to provide most of Semirara's coal output in 2027, while the company's existing coal contract expires in July 2027, according to Philstar.com.

The new redundancy program follows 462 mine-site employees previously identified for redundancy. That makes the announced 996 positions more than twice the earlier figure, highlighting how quickly the mine's operating constraints have broadened.

Power earnings cushion coal weakness

Semirara's latest reported results provide a counterweight to the mine pressure. Q2 2026 revenue increased 25 percent year over year to PHP 18.6 billion, while net income rose 17 percent to PHP 4.8 billion, according to Quartr.

For the first half of 2026, net income reached PHP 8.6 billion, up 2 percent from the prior-year period. The power segment supplied 70 percent of H1 earnings, showing why electricity generation has become the company's main earnings buffer as coal operations weaken.

That shift also changes the valuation debate. A Simply Wall St update dated September 30, 2026, said the analyst consensus fair value was reduced from PHP 31.00 to PHP 24.75. The revision reflects softer revenue expectations even as projected profit margins improved.

Semirara stock closed at PHP 13.40

Semirara stock closed at PHP 13.40 on the Philippine Stock Exchange on October 2, 2026, with the 4.96 percent daily decline tying the market reaction to the Acacia workforce and production concerns. The next earnings date is October 30, 2026.