BPI, ALI lifted Ayala to record profit in 2025

Ayala Corp., the country’s oldest conglomerate, reported a record core net income of P48.3 billion in 2025, up 7 percent year-on-year. This, as stronger contributions from its banking and property units offset softer earnings from its telecommunications and energy businesses.

In a statement on Friday, Ayala said the growth was largely driven by higher earnings from Bank of the Philippine Islands (BPI) and Ayala Land Inc. (ALI). These came along with the improving performance of several emerging businesses across the group.

Including one-off gains, Ayala’s reported net income surged 46 percent to P61.4 billion. The jump was mainly fueled by revaluation gains related to fintech firm Mynt and a gain booked by ALI from the sale of its stake in the Alabang Commercial Center.

BPI remained the conglomerate’s biggest earnings contributor. The bank posted P66.6 billion in net income, up 7 percent. This was due to achieving record revenues despite higher operating expenses and provisions. Its return on equity reached 14.5 percent for the year.

ALI also delivered solid results, with core net income rising 8 percent to P30.6 billion. This was on the back of expanding leasing and hospitality operations and stable property development revenues. Including the one-time gain from the Alabang Commercial Center transaction, ALI’s reported net income climbed 39 percent to P39.1 billion.

Depreciation and interest costs

Globe Telecom Inc. saw its core net income slip 3 percent to P20.9 billion, weighed down by higher depreciation and interest expenses. This, even as it posted record service revenues.

On the energy side, ACEN’s core net income increased 4 percent to P6.3 billion, driven by higher renewable energy output. However, its reported net income declined to P3.8 billion due to impairment charges related to wind projects in Vietnam, and weaker market conditions.

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Ayala also reported improvements among its emerging businesses. AC Health returned to profitability with P34 million in net income. Meanwhile, IMI swung to a $13.5 million profit from a loss the previous year.

Ayala president and CEO Cezar Consing said the group would continue refining its portfolio while strengthening its financial position as it moves into the new year.

“Our strong performance in 2025 reflects the resilience of our core businesses and the steady progress of our emerging businesses,” Consing said.