AEV profit soars in H1 on strong core businesses

MANILA, Philippines — Aboitiz Equity Ventures Inc. (AEV), the listed holding company of the Aboitiz Group, saw its profit surge by more than half in the first semester  on the back of strong performance of its power and banking business units.

AEV recorded a consolidated net income of P13.6 billion in the first half, 63 percent higher than last year’s P8.4 billion.

Excluding non-recurring items, AEV’s core net income reached P13.7 billion, up by 61 percent year-on-year.

For the second quarter alone, the company’s consolidated net income increased by 40 percent to P7.3 billion.

AEV said it continued to advance its long-term growth strategy during the six-month period, delivering resilient performance across its businesses while expanding projects that support communities, industries and the economy.

Aboitiz Power Corp. posted a 45-percent jump in net income to P18.4 billion from last year’s P12.7 billion as the company continued expanding its portfolio of cleaner and more reliable energy sources.

New assets, together with higher contracted capacity and the full first-half contribution from Chromite Gas Holdings Inc., strengthened its operations throughout the period.

Union Bank of the Philippines, for its part, delivered a net income of P6.9 billion, a 113-percent surge year-on-year.

The bank served a growing customer base of 19.3 million, supported by continued investments in digital banking platforms, automated customer services, card products, wealth management, bancassurance and consumer lending.

Stronger demand for flour, regional livestock feeds, trading operations, pet food, specialty nutrition products and aqua feed boosted net income contribution from the food and beverage segment to P4 billion from last year’s P3.6 billion.

Meanwhile, AEV’s consolidated real estate business, comprising both the group’s residential and economic estates segments, incurred a bigger net loss of P37 million in the first half compared to a net loss of P4 million in the same period in 2025.

AEV said this was primarily driven by the net loss from economic estates, which offset the improvement in the residential segment.

Losses from the infrastructure segment attributable to AEV during the first half amounted to P1 billion.

Overall, Aboitiz Group president and chief executive officer Sabin Aboitiz said the company’s progress in the first semester was 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, AEV said the first half of 2026 was marked by the continued rollout of projects that are helping power homes and industries, improve mobility, strengthen food security, accelerate digital transformation and create m  ore 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 said.