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Manila Bulletin devider Business devider The Stock Market devider Lopez Holdings profit jumps 57% as ABS-CBN losses cut by half

Lopez Holdings profit jumps 57% as ABS-CBN losses cut by half

Published May 19, 2025 09:34 am
Lopez Holdings Corporation’s earnings jumped 57 percent in the first quarter of 2025 on the back of a strong performance by First Philippine Holdings Corporation (FPH) and after ABS-CBN Corporation’s losses were cut by half.
In a disclosure to the Philippine Stock Exchange, Lopez Holding reported ₱2.74 billion attributable net income for the first quarter of 2025 versus the ₱1.75 billion earned in the same period last year.
FPH posted a 20 percent increase in attributable net income to ₱4.96 billion from ₱4.14 billion in the first quarter of 2024.
It reported a six percent increase in revenues to ₱41.33 billion from ₱39.13 billion with sale of electricity accounting for 82 percent and 85 percent of revenues in the first quarter of 2025 and 2024, respectively.
ABS-CBN reported a net loss of ₱500 million, which is 50 percent lower than the net loss of ₱994 million in the first quarter last year2. It reported unaudited revenues of ₱4.23 billion, four percent higher than ₱4.08 billion in the same quarter last year.
Unaudited consolidated revenues increased by six percent year-on-year (YoY) to ₱41.33 billion from ₱39.13 billion. All revenue items were generated by units under FPH: sale of electricity (up one percent); real estate (higher by 26 percent); contracts and services (25 percent growth) and sale of merchandise (up 55 percent).
Unaudited consolidated costs and expenses slightly increased by two percent to ₱30.59 billion from ₱29.91 billion on higher cost of sale of electricity (higher by one percent), real estate (up 10 percent), contracts and services (37 percent more), merchandise sold (49 percent growth), and general and administrative expenses (nine percent lower) reflect the operations of FPH and units.
Earnings from investment accounted for at equity method of ₱122 million (up 130 percent) reflects FPH’s performance for the quarter.
All other income and expenses also reflect FPH accounts or those of its subsidiaries and affiliates, including finance costs (up eight percent), finance income (down 52 percent), foreign exchange loss (165 percent higher), dividend income (23 percent growth) and other income-net (higher by 42 percent).

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Lopez Holdings Corporation First Philippine Holdings Corporation ABS-CBN Corporation
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