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Manila Bulletin devider Business devider The Stock Market devider FPH revenues boost Lopez Holdings profit despite higher ABS-CBN losses

FPH revenues boost Lopez Holdings profit despite higher ABS-CBN losses

Published Aug 17, 2026 12:00 am  |  Updated Aug 15, 2026 04:58 pm

Lopez Holdings Corp., one of the two publicly listed holding companies of the Lopez family, reported a three-percent growth in attributable net income to ₱5.52 billion for the first six months of 2026 from the ₱5.34 billion earned in the same period last year.

Unaudited consolidated revenues increased by 52 percent to ₱59.58 billion from ₱39.18 billion a year ago. All revenue items were generated by units under First Philippine Holdings Corp. (FPH): sale of electricity (up 73 percent); real estate (higher by 37 percent); contracts and services (11-percent growth); and sale of merchandise (down nine percent).

Unaudited consolidated costs and expenses increased by 51 percent to ₱43.56 billion from ₱28.88 billion. Cost of sale of electricity (higher by 94 percent), cost of real estate (24-percent growth), cost of contracts and services (up three percent), merchandise sold (up 13 percent), and general and administrative expenses (up by 23 percent) primarily reflect the operations of FPH and its units.

Other income and expenses also reflect FPH accounts or those of its subsidiaries and affiliates: finance costs (rising 24 percent); finance income (112-percent jump); foreign exchange (forex) gain of ₱214 million compared with a loss of ₱121 million; dividend income (up 16 percent); net other income (up five percent); and share in earnings from investments accounted for under the equity method of ₱4.15 billion (15.3 times), which reflects the remaining 40 percent of FPH in the gas business.

FPH posted a three-percent increase in attributable net income to ₱9.22 billion from ₱8.95 billion as revenues jumped by 52 percent to ₱59.58 billion from ₱39.18 billion.

Sale of electricity accounted for 69 percent and 61 percent of revenues in the first half of 2026 and 2025, respectively. Recurring attributable net income increased by eight percent to ₱9.3 billion from ₱8.6 billion.

ABS-CBN Corp. reported a net loss of ₱1.83 billion, which is 115 percent greater than the net loss of ₱852 million in the first half of 2025. It reported unaudited revenues of ₱6.88 billion, 17 percent lower than ₱8.28 billion in the same period last year. - James A. Loyola

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Lopez Holdings Corporation First Philippine Holdings Corporation ABS-CBN Corporation
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