AEV 2025 net income inched up to P18.3B

Aboitiz Equity Ventures, Inc. (AEV) reported a 1-percent increase in net income in 2025. It reached P18.3 billion as earnings from its diversified businesses helped offset the impact of nonrecurring items.

In a disclosure on Friday, the conglomerate said its bottom line grew from P18.1 billion in 2024 after accounting for P7.2 billion in nonrecurring items.

These were largely related to Aboitiz Power Corp.’s partial impairment of the GNPower Mariveles Energy Center.

AEV’s core net income, which excludes one-off items, stood at P25.5 billion in 2025, unchanged from the previous year.

Among the group’s business units, AboitizPower remained the largest contributor, with 46 percent of AEV’s group-wide net income.

The food and beverage segment followed with 33 percent, while banking and financial services accounted for 22 percent.

AboitizPower recorded earnings before interest, taxes, depreciation and amortization of P79.6 billion in 2025, up 9 percent from P73.3 billion the year before.

This growth was due to contributions from Chromite Gas Holdings Inc. and new renewable energy facilities, including solar plants in Laoag, Armenia and Calatrava.

The power company posted core net income of P33.1 billion and reported net income of P19.5 billion after accounting for impairments and other nonrecurring items. It contributed P10.4 billion to AEV’s earnings during the year.

Union Bank of the Philippines reported a net income of P10 billion in 2025 as total revenues rose 7 percent to P83.2 billion. This was on the back of higher net interest income and continued growth in its loan portfolio.

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AEV’s food and beverage segment delivered a net income contribution of P7.6 billion. This means a 28-percent jump from P5.9 billion in 2024.

This growth was driven by strong volumes and improved margins from AboitizFoods’ flour, farms, livestock and trading businesses, along with the full-year contribution of Coca-Cola Europacific Aboitiz Philippines Inc. following its financial close in February 2024.

Aboitiz Land Inc. recorded P637 million in net income, while Aboitiz InfraCapital, Inc. posted P680 million, up 6 percent from 2024. This was thanks to lot sales at TARI Estate in Tarlac and higher passenger traffic at Mactan-Cebu International Airport.

As of end-2025, AEV’s total assets reached P1 trillion, up 13 percent from P893.7 billion a year earlier. The company also maintained P90.3 billion in cash and cash equivalents, while equity attributable to shareholders rose to P289.5 billion.