Reduced losses at ABS-CBN help boost Lopez Holdings' profits at end-June
Lopez Holdings Corp. reported a 57 percent jump in attributable net income to ₱5.34 billion in the first half of 2025 from the ₱3.41 billion earned in the same period last year on lower costs of First Philippine Holdings Corp. and lower losses of ABS-CBN Corp.
In a disclosure to the Philippine Stock Exchange, Lopez Holdings said unaudited consolidated revenues were flat at ₱84.73 billion compared to ₱84.809 billion in the first half of 2024.
All revenue items were generated by units under FPH, consisting of the sale of electricity (four percent lower); real estate (up 12 percent); contracts and services (higher by 39 percent), and the sale of merchandise (18 percent increase).
These revenues were generated by subsidiaries in construction (First Balfour), residential and commercial real estate (Rockwell Land), industrial land (First Philippine Industrial Park), and power generation (First Gen Corp.).
Unaudited consolidated costs and expenses increased only slightly, by one percent to ₱65.69 billion from ₱66.32 billion.
Cost of electricity sales increased by five percent, real estate fell by 17 percent, contracts and services fell by 92 percent, merchandise sales fell by 14 percent, and general and administrative expenses increased by five percent, reflecting the operations of FPH and its units.
FPH posted a 10 percent increase in attributable net income to ₱8.95 billion in the first semester of 2025 from ₱8.13 billion in the first half of 2024.
It reported almost flat revenues at ₱84.73 billion versus ₱84.81 billion. Sale of electricity accounted for 82 percent and 85 percent of revenues in the first half of 2025 and 2024, respectively.
ABS-CBN reported a net loss of ₱852 million in the first six months of the year, which is 60 percent lower than the net loss of ₱2.13 billion in the first half of 2024. It reported unaudited revenues of ₱8.275 billion, six percent higher than ₱7.79 billion in the same period last year.