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Manila Bulletin devider Business devider The Stock Market devider Aboitiz profit sinks 27% in H1 on weaker power, banking units

Aboitiz profit sinks 27% in H1 on weaker power, banking units

Published Aug 8, 2025 12:55 pm  |  Updated Aug 8, 2025 01:10 pm
Aboitiz Equity Ventures Inc. reported a 27 percent drop in consolidated net income of ₱8.4 billion in the first half of 2025 from the ₱11.5 billion earned in the same period last year due to lower earnings from its power and banking units, coupled with losses of its property and infrastructure businesses.
In a disclosure to the Philippine Stock Exchange, the firm reported a net income of ₱5.2 billion for the second quarter of 2025, a 65 percent increase from the ₱3.2 billion recorded in the first quarter of 2025.
This quarter-on-quarter growth was largely driven by the improved performance in the Power and Food and Beverage segments.
Power accounted for 64 percent of the total net income contributions from AEV’s Strategic Business Units (SBU) for the first half of 2025, while Food and Beverage accounted for 33 percent.
Net income contributions from the Financial Services, Real Estate, and Infrastructure SBUs were at 15 percent, -1 percent, and -11 percent, respectively.
Aboitiz Power Corp.’s (AboitizPower) net income contribution to AEV for the first half of 2025 amounted to ₱6.9 billion, 24 percent lower than the ₱9.1 billion recorded in the same period in 2024.
On a standalone basis, AboitizPower generated beneficial EBITDA of ₱19.1 billion in the second quarter of 2025, a 27 percent increase from ₱15.0 billion in the first quarter of the year.
Net income contribution from Union Bank of the Philippines amounted to ₱1.6 billion for the first half of 2025, 35 percent lower than the ₱2.5 billion recorded in the same period in 2024.
Aboitiz Land, Inc. reported a consolidated net loss of ₱51.8 million for the first half of 2025, a reversal from the ₱445 million net income recorded during the same period of 2024.
This was primarily driven by lower sales, higher forfeitures, and reduced construction activity as projects approached completion.
Net income contribution from the Food and Beverage segment, which includes Aboitiz Foods and Coca-Cola Europacific Aboitiz Philippines Inc. (CCEAP), was 31 percent higher at ₱3.6 billion in the first half of 2025 from the ₱2.8 billion recorded in the same period of 2024.
This was primarily driven by profitability gains across all divisions of Aboitiz Foods, led by strong margin and volume growth in Flour, Farms, and Agribusiness segments; and full, six-month contributions from CCEAP, which financially closed only on February 23, 2024.
Aboitiz InfraCapital, Inc.’s income contribution to AEV for the first half of 2025 amounted to a loss of ₱477.0 million, compared to the ₱311.5 million loss recorded in the same period in 2024.
This was mainly the result of the amortization of concession assets related to the full acquisition of the Mactan-Cebu International Airport in October 2024, and higher interest expense from increased debt availments for its expansion.
AEV’s share in Republic Cement & Building Materials, Inc.’s loss for the first half of 2025 amounted to ₱769 million, compared to ₱407 million in the same period in 2024.
The decline is mainly attributable to the continued weakness in sales volume and selling prices driven by low market demand for cement.

Related Tags

Aboitiz Equity Ventures Inc. Aboitiz Power Corporation Union Bank of the Philippines
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