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Manila Bulletin devider Business devider The Stock Market devider Aboitiz Equity profit surges 63% driven by power, banking businesses

Aboitiz Equity profit surges 63% driven by power, banking businesses

Published Jul 30, 2026 09:48 am
Aboitiz Equity Ventures, Inc. (AEV), the active portfolio management and holding company of the Aboitiz Group, reported a 63 percent jump in consolidated net income to ₱13.6 billion for the first six months of 2026.
In a disclosure to the Philippine Stock Exchange, the firm said it continued to advance its long-term growth strategy in the first half of 2026, delivering resilient performance across its businesses while expanding projects that support communities, industries, and the Philippine economy.
For the second quarter alone, the company posted ₱7.3 billion in consolidated net income, a 40 percent increase from the same period in 2025. Excluding non-recurring items, AEV's core net income for the first half reached ₱13.7 billion, reflecting sustained operational strength across its strategic business units.
Aboitiz Group President and Chief Executive Officer Sabin M. Aboitiz underscored that the company's progress is rooted in disciplined execution and the strength of its people.
“Transformation is not defined by a single breakthrough, but by consistently making better decisions, executing with discipline, and staying focused on long-term goals,” he said.
Beyond the numbers, the first half of 2026 was marked by the continued rollout of projects that help power homes and industries, improve mobility, strengthen food security, accelerate digital transformation, and create more opportunities for Filipino communities.
“Every investment we make today is intended to strengthen our businesses, satisfy our customers, and support our nation's continued growth,” Aboitiz noted.
AboitizPower continued expanding its portfolio of cleaner and more reliable energy sources. Driven by higher contracted capacity and the full first-half contribution from Chromite Gas Holdings Inc., it contributed ₱10.0 billion in net income during the first six months of 2026.
UnionBank strengthened its position as one of the country’s leading digital banks by expanding lending, enhancing customer services, and deepening its digital capabilities. It posted ₱6.9 billion in net income during the first half of 2026, contributing ₱3.4 billion to AEV.
Food and Beverage remained AEV's second-largest earnings contributor, accounting for 24 percent of total net income contributions from strategic business units. Through Aboitiz Foods and Coca-Cola Europacific Aboitiz Philippines (CCEAP), the Group continued strengthening food production and distribution across the region.
This growth was supported by stronger demand for flour, regional livestock feeds, trading operations, pet food, specialty nutrition products, and aqua feed. CCEAP likewise maintained its market leadership while increasing sales volume and making Coca-Cola products more accessible to Filipino consumers. Together, these businesses contributed ₱4.0 billion in net income during the first half of 2026.
Aboitiz InfraCapital continued expanding infrastructure that supports tourism, trade, and national connectivity. Its airport portfolio—which includes Mactan-Cebu International Airport, Laguindingan International Airport, and Bohol-Panglao International Airport—served growing passenger demand during the first half of the year.
The company also expanded Unity Digital Infrastructure's telecommunications tower portfolio and co-location services, helping strengthen mobile connectivity across the country. Meanwhile, water infrastructure operations sustained performance despite lower volumes caused by El Niño, underscoring the importance of building climate-resilient water systems.
Additionally, AEV strengthened its real estate portfolio by developing integrated residential communities and industrial estates that attract investment, generate employment, and drive regional economic growth. The residential business remained focused on selling ready-for-occupancy homes while enhancing the quality of its customer portfolio. At the same time, Aboitiz Economic Estates sustained leasing momentum as more locators expanded and established operations across its industrial parks. (James A. Loyola)

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Aboitiz Equity Ventures Inc. Sabin M. Aboitiz
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