For the second consecutive year, East Zone water concessionaire Manila Water has earned a spot on the prestigious Fortune Southeast Asia 500 list—this time with an even stronger standing.
In the 2025 edition, Manila Water climbed to 384th place, a notable improvement from its 435th rank in 2024, reflecting the Company’s continued growth and operational excellence.
The Fortune Southeast Asia 500 ranks top-performing companies from Indonesia, Thailand, Malaysia, Singapore, Vietnam, Cambodia and the Philippines, each meeting a minimum revenue threshold of $349.4 million. Collectively, the companies on the 2025 list generated $1.82 trillion in revenue in 2024, up from $1.79 trillion the previous year.
According to Fortune, currently, the Southeast Asia 500 companies are playing an increasingly important role in global supply chains—capturing manufacturing capacity shifting from China, which is drawing significant capital flows and reshaping global trade dynamics.
The second annual Fortune Southeast Asia 500 also offers a compelling snapshot of a region poised to lead in fast-growing sectors such as mining, electric vehicles (EVs), and artificial intelligence (AI)—highlighting Southeast Asia’s readiness to embrace the industries of the future.
“Fortune’s interest in the region reflects Southeast Asia’s growing importance as an engine of global growth,” says Clay Chandler, Executive Editor, Fortune Asia. “The region has become a crucial manufacturing and export hub, which is drawing significant capital flows.”
“Being recognized as one of Southeast Asia’s Top 500 companies is a proud moment for all of us. This achievement reflects the trust of our customers, the hard work and dedication of our team, and the bold vision that drives us forward. As we continue to grow, we remain committed to creating lasting value for our stakeholders and contributing meaningfully to the region’s dynamic economic landscape.” says Jocot De Dios, Manila Water President and CEO.
To determine the Top 500 Southeast Asian companies, Fortune ranked companies based on revenue from their most recently available fiscal year ending on or before December 31, 2024, unless otherwise specified. Revenue figures include contributions from consolidated subsidiaries and any reported income from discontinued operations.
Fortune is an independently owned global business publication which provides in-depth business insights, research, reporting and information on American and international businesses and industries, economics, and technology. Digitally and in print, Fortune measures corporate performance through rigorous benchmarks in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World’s Most Admired Companies.
